The Uber Visa Card was recently announced and will soon be available, positioning itself as a card free from fees that Millennials will love.
The credit card offers 4% back on restaurant visits, including UberEats, 3% percent on hotels and airfare, as well as 2% percent on online purchases, which includes Uber. As a result of using the card, rewards may be redeemed for credits that may be put towards either Uber or UberEats; alternatively gift cards or cash back are also options.
Some of the benefits that are offered to cardholders who spend a minimum of $5,000 annually include a $50 subscription credit that may be used with Spotify, Netflix or an Amazon Prime. Additionally, if a cardholder uses the credit card to pay their phone bill, Uber also promises to cover mobile phone theft and damage.
Ridesharing Credit Cards
The Uber Visa Card Appeals to Millennials with Special Perks
Trend Themes
1. Ridesharing Credit Cards - The Uber Visa Card is a creative way of appealing to Millennials, who can benefit from cashback rewards and other special perks when using the card.
2. Cashback Rewards - The cashback rewards trend may prove to be a competitive advantage in the credit card industry.
3. Mobile Payment Integration - The inclusion of Uber as a category for online purchases offers a great opportunity for other mobile payments to create similar integrations with popular ride-hailing services.
Industry Implications
1. Hospitality - The hospitality industry may benefit from partnering with credit card companies to create rewards programs for restaurant visits, hotels, and airfare.
2. Online Retail - Online retail companies may begin exploring ways to incorporate cashback rewards as a form of customer loyalty and retention through online purchases.
3. Mobile Telecommunications - The mobile telecommunications industry may be motivated to create similar perks that reward customers for using their mobile payment options to pay for their phone bill.