fbpx


Editor’s note: This is a recurring post, regularly updated with current card details.


Whether you’re a fan of it or not, there’s no denying that the sharing economy has created a bevy of new options for consumers.

Airbnb is a prime example, allowing you to enjoy a more local experience at your destination – even in new, fast-growing markets. The sharing economy has also transformed transportation in many cities around the world, with ride-hailing services Uber and Lyft providing a convenient alternative to traditional methods.

UBER

As ride-share apps continue to rise in popularity, they’ve has become a common bonus category for both travel credit cards and cash-back credit cards. Use this guide to make sure you’re using the right credit card for each trip.

The best cards for Lyft and Uber purchases

Overview of the best cards for Uber and Lyft

Card

Earn rates and benefits

Annual fee

Value (cents per dollar on ride-share purchases, per TPG valuations)

Chase Sapphire Reserve®10 points per dollar on Lyft rides through March 31, 2025.

Complimentary Lyft Pink All Access membership.

$300 in annual travel credits.

$550.20 cents.
Chase Sapphire Preferred® Card5 points per dollar on Lyft rides through March 31, 2025.$95.10 cents.
Capital One Savor Cash Rewards CardUnlimited 10% cash back on Uber and Uber Eats, plus complimentary Uber One membership, through Nov. 14, 2024.$95.10 cents.
Capital One SavorOne Cash Rewards CardUnlimited 10% cash back on Uber and Uber Eats, plus complimentary Uber One membership, through Nov. 14, 2024.$0.10 cents.
American Express® Green Card3 points per dollar on transit, including ride-share services.$150 (see rates and fees).6 cents.

Chase Freedom Unlimited

5% cash back on Lyft rides through March 31, 2025.

1.5% cash-back on all other purchases, including Uber.

$0.5 cents on Lyft.

1.5 cents on Uber.

Apple Card

3% Apple Cash on Uber and Uber eats.$0.3 cents.
Blue Cash Preferred® Card3% cash back on transit, including ride-share services.

Cash back is received in the form of Reward Dollars that can be redeemed for statement credits.

$0 intro annual fee for the first year, then $95  (see rates and fees).3 cents.
Citi® Double Cash Card2% cash back on all purchases (1% when you buy, plus 1% as you pay).$0.2 cents.
The Platinum® Card from American Express1 point per dollar on ride-share services (but the card offers quite a few Uber perks).$695 (see rates and fees).2 cents.

The information for the Amex Green Card ,Capital One Savor Cash Rewards, and Apple Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Card details of the best cards for Uber and Lyft

Chase Sapphire Reserve

THE POINTS GUY

Annual fee: $550.

Rewards on ride-shares: 10 points per dollar on Lyft purchases; 3 points per dollar on travel, which includes Uber.

Why it’s great for Lyft and Uber: The Chase Sapphire Reserve — one of the best travel credit cards on the market— offers an unbeatable 10 points per dollar on Lyft purchases and a solid 3 points per dollar on Uber expenses, which code as travel on your statement.

The Lyft and Uber benefits with the Sapphire Reserve don’t end with the earning structure — there’s also the $300 in annual travel credits. Because Chase considers ride-share services to be a travel expense, you can also potentially get up to $300 off your rides every year. Chase automatically reimburses you in statement credits for your travel credits.

Sign up for our daily newsletter

Finally, as of Nov. 15, 2022, Chase Sapphire Reserve cardholders get a complimentary Lyft Pink All Access membership. This grants members benefits like priority pickups, free cancelations and 10% off all Lux rides.

Read our full card review for more details.

Apply here: Chase Sapphire Reserve

Chase Sapphire Preferred Card

JOHN GRIBBEN/THE POINTS GUY

Annual fee: $95.

Rewards on ride-shares: The Sapphire Preferred offers 5 points per dollar on Lyft rides through March 31, 2025 (3 points in addition to the 2 points earned on all travel).

Why it’s great for ride-shares: While it’s got a lower earning rate than the Sapphire Reserved (and no travel credit), the Preferred could be your card of choice if you prefer not to pay a steep annual fee or juggle lots of other benefits.

Read our full card review for more details.

Apply here: Chase Sapphire Preferred

Capital One Savor Cash Rewards Card

JOHN GRIBBEN/THE POINTS GUY

Annual fee: $95.

Rewards on ride-shares: The Savor offers unlimited 10% cash back on Uber and Uber Eats, plus complimentary Uber One membership, through Nov. 14, 2024.

Why it’s great for ride-shares: If you’re willing to pay a modest annual fee, the Savor offers great ride-sharing benefits along with 4% back on dining, entertainment and popular streaming services, plus 3% back at grocery stores.

Read our full card review for more details.

Capital One SavorOne Cash Rewards Card

THE POINTS GUY

Annual fee: $0.

Rewards on ride-shares: Just like the Savor, the SavorOne offers unlimited 10% cash back on Uber and Uber Eats, plus complimentary Uber One membership, through Nov. 14, 2024.

Why it’s great for ride-shares: For Capital One fans who don’t like paying an annual fee, this card offers solid value and benefits, along with unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores.

Read our full card review for more details.

Apply here: Capital One SavorOne

American Express Green Card

WYATT SMITH/THE POINTS GUY

Annual fee: $150 (see rates and fees).

Rewards for ride-shares: 3 points per dollar on transit,…



Read More: Frequent Uber or Lyft user? These are the best credit cards for you

2022-11-17 20:00:02

Leave a Reply

Your email address will not be published. Required fields are marked *