Menu
Banking Exchange Magazine Logo
Menu

Uber Visa pulls up this week

Co-branded Barclaycard features millennial-friendly features

  • |
  • Written by  Website Staff
  • |
  • Comments:   DISQUS_COMMENTS
Now it's the "Uberization" of bankcards. No extra charge for the embossed pun in this sample. Now it's the "Uberization" of bankcards. No extra charge for the embossed pun in this sample.

Uber and Barclaycard US have introduced a co-branded Visa credit card that integrates with the Uber mobile app. Among the rewards features of the card are points that can be used towards Uber rides.

Uber subscribers will be able to apply for the new card through the Uber app beginning Nov. 2. They can also apply online. The companies promise approval “in less time than an Uber ride” and that rewards can begin being earned immediately. While using the card for payment for rides within the app is built in, customers will also receive a physical Uber card.

The card features no annual fee and a one-time bonus of $100 after the user spends $500 in the first 90 days. Among additional features, many relating to the Uber mobile concept, are:

• Up to $600 in damage and theft insurance on the cardholder’s mobile phone, provided the card is used to settle phone fees.

• 2% cash back on many online purchases, including Uber fares.

• 4% cash back on charges at restaurants, takeout, and bars, including UberEATS.

• 3% back on airfare, hotels, and vacation home rentals.

Redemption for Uber fares occurs within the app, and is limited to $500 daily.

back to top

Sections

About Us

Connect With Us

Resources

Webinar: From KYC to IDV

How three leading banks are utilizing cutting-edge
digital tools to onboard, win, and wow customers

Time/Date: June 23, 2021 11:00 a.m. ET

Digital adoption, already moving at warp speed, accelerated seven years into the future during the COVID-19 pandemic. As the number of bank branches continues to fall, with at least one study predicting all branches will disappear by 2034 (Fox Business) and foot traffic declining (Vox), today’s most innovative banks are charting a new, digital-first path to win over customers while increasing security, meeting KYC compliance requirements, and winning customers to drive revenue.

In this webinar, you’ll hear from John Baird, Founder & CEO of Vouched, Tyler Crawford, COO of Bankers Healthcare Group, Anand Sathiyamurthy, CPO of Flagstar Bank and Daniel Sheehan, Chairman & CEO of Professional Bank as they describe their vision for digital transformation and how customer expectations are changing to digital first. They’ll also explore how fostering an innovation mindset creates new ways to tackle complex KYC problems and allows them to quickly compete in new markets and win customers.

REGISTER NOW!

This webinar is brought to you by:
Vouched Logo