Credit card question - get Uber's new 4%er?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
essbeer
Posts: 153
Joined: Sat May 09, 2015 6:23 pm

Re: Credit card question - get Uber's new 4%er?

Post by essbeer » Fri Sep 14, 2018 9:43 am

jrbdmb wrote:
Fri Sep 14, 2018 8:41 am
FYI, for everyone who wants a restaurant card and is more interested in churning (high signup bonus) rather than long-term use, Cap One has revised their Savor card to offer a $500 sign up bonus. Also now offers 4% on dining. Free for first year, $95 a year after that.

https://www.capitalone.com/credit-cards ... g-rewards/

Note that I have the grandfathered version of this card - $100 bonus if i recall, 4% on dining, no annual fee.
I'm jealous of that. Not so much for the dining, but 4% no fee card for event ticket purchases is best in class as far as I know. I think I might get the fee version and downgrade to the no fee version after a year -- provided it's still available when season ticket buying season starts again in spring. 3% on event ticket purchase is still best available I think, but 4% would have been better.

jrbdmb
Posts: 278
Joined: Tue Oct 06, 2015 4:27 pm

Re: Credit card question - get Uber's new 4%er?

Post by jrbdmb » Thu Sep 20, 2018 1:04 pm

I'm not sure if the no AF version of the Uber card is still available - current Uber cardholders were moved to the updated rewards but grandfathered in with no AF (and no $500 bonus either). Not clear if that grandfathering is permanent or if someday they will try to charge us an AF.

But that would be a good data point if anyone can either (1) get the no-AF card now, or (2) get the $500 bonus now and then PC to a no-AF card after year one.

maddogio
Posts: 65
Joined: Fri Jan 20, 2017 11:38 am

Re: Credit card question - get Uber's new 4%er?

Post by maddogio » Thu Sep 20, 2018 2:21 pm

I used this card extensively on a recent month long trip to Europe. PIN worked flawlessly in machines. Defaults to signature for in person transactions.

Only hiccup was that I couldn't use it for online purchases while abroad. My wife is primary card holder and we couldn't get 2 step authorization to bypass her and come to me, even after several hours with customer support. I used my Fidelity 2% card for those transactions.

rj49
Posts: 444
Joined: Wed Feb 23, 2011 12:22 am

Re: Credit card question - get Uber's new 4%er?

Post by rj49 » Thu Sep 20, 2018 3:09 pm

There are a couple of other benefits to the Uber card that add to its benefits...cell phone protection if you use it to pay your bill, and $50 reimbursement for streaming services (including Amazon Prime) after $5,000 in spending. So that would in effect add another 1% to your benefits...I used it to get a credit for Netflix DVD service. It also gives 3% back for AirBnB, and the card nudging me towards AirBnB instead of more expensive and less roomy hotels without cooking facilities has also saved me money on travel and made it much more comfortable and pleasurable.

Another intangible is that the card is offered through Barclay bank, which doesn't send me all the garbage checks and offers that Citi, AMEX, Discover, and US banks do. Plus their website and app are pleasant to use and look at. The only minor irritation is that when you go to redeem points for cash, they try to point your towards redeeming for Uber credit or gift cards, so you have to hunt a bit for the statement credit option.

The drawbacks of the card include not covering travel like cruises, the airfare cash back not covering baggage fees that an airline card might, and the $25 minimum for cash back.

I like the card not so much because of the benefits, but because it has encouraged me to spend more on things that make my life more pleasurable, like airfare, AirBnb and hotels, Netflix DVDs, and eating and drinking out more. I'm a single retiree comfortably well-off with frugality issues, and I find the 4% on dining and bars actually gets me to force myself to eat out more or go for a beer or coffee, since I'm motivated by the 4% bonus. I also value simplicity, so its cash back feature keeps me from being lured into all the premium travel cards with complicated reward programs and those in eternal search of travel hacks and credit card churn to chase bonuses.

My complement card of choice is the AMEX Blue Cash Back Preferred, since the 6% back on groceries works for gift cards for Amazon, Arco gas (plus you get the cash fuel price), Carnival cruises, and ebay, as well as some airlines, hotels, and AirBnb.

lazylarry
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Re: Credit card question - get Uber's new 4%er?

Post by lazylarry » Mon Oct 01, 2018 8:27 pm

Reading some of these posts makes me realize that I'd probably have been better off being a churner. Now I almost feel obligated to get that capital one savor card...$500 is hard to pass up. But, it's a lot easier to just stick to the cards you have. These are definitely individualized, but now I'm starting to think the optimal strategy might be:
Uber - 4% food, 3% travel
Fidelity/Citi - 2% all
Chase Freedom - 5% rotating
Discover IT - 5% rotating

You're guaranteed 2% on everything, then at typically 6 mo of year 5% on gas/food/restuarants, 4% on food for the other 6 mo. Not bad.
My profile: https://www.bogleheads.org/forum/memberlist.php?mode=viewprofile&u=86026 | Virtua lBogleheads® Blog: https://virtualbogleheads.wordpress.com/

dustinst22
Posts: 107
Joined: Sun Apr 15, 2018 1:09 pm
Location: Huntington Beach, CA

Re: Credit card question - get Uber's new 4%er?

Post by dustinst22 » Tue Oct 02, 2018 8:43 pm

lazylarry wrote:
Tue Mar 13, 2018 9:32 pm
I was debating getting the new Uber credit card with 4% cash back at restaurants/bars, 3% at hotels. I imagine I spend maybe $2500-$4000 on food , so it would probably be about $50-100 per year extra.
This is a good card if you dine in restaurants or use uber eats frequently. Also, there are no foreign transaction fees so it works well abroad.
lazylarry wrote:
Tue Mar 13, 2018 9:32 pm
Wondering though, would it impact my credit score negatively (in the long term)?
Paying your statement balance in full is fine for scoring purposes, as a balance is still reported to the credit bureau.

need403bhelp
Posts: 608
Joined: Thu May 28, 2015 6:25 pm

Re: Credit card question - get Uber's new 4%er?

Post by need403bhelp » Mon Oct 08, 2018 5:19 pm

Do people consistently get 2% cash back when using this card with Apple Pay? It is not listed in the terms and conditions, but a Google search shows that as of 12/2017 it should get 2% when paying with mobile wallets. If so, anyone tried the card via Apple Pay at Costco? Most of ours cards are Mastercards, and having a Visa with 2% cash back at Costco plus 4% dining and 3% travel with no annual fee would be nice...

need403bhelp
Posts: 608
Joined: Thu May 28, 2015 6:25 pm

Re: Credit card question - get Uber's new 4%er?

Post by need403bhelp » Sun Oct 21, 2018 12:00 pm

Ok, so it seems that Apple Pay etc only get 2% when used online, so wouldn't work in store at Costco to get 2%.

Another question - do 3rd party sites like Kayak, Expedia, and StudentUniverse get 3% on travel? I'm not sure if they are "travel agencies" per se.

Thank you so much!

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