New technology has transformed the way people get around, with ridesharing services like Uber and Lyft becoming increasingly popular. If you frequently use these services, consider using a ridesharing credit card to maximize your rewards.
Benefits of Ridesharing Credit Cards
- Cashback or rewards on rides
- Fraud protection
- Ability to track and manage transportation expenses
Types of Ridesharing Credit Cards
There are several types of ridesharing credit cards available, each with its own set of benefits and features. Some cards offer cashback or rewards specifically tailored for rideshare services, while others provide more general rewards or travel benefits.
Top Ridesharing Credit Cards
| Card Name | Annual Fee | Rideshare Rewards and Perks | Additional Rewards | Bankrate Score |
|---|---|---|---|---|
| The Platinum Card from American Express | $695 | Up to $200 in annual Uber Cash credits | 5X points on up to $500,000 per calendar year spent on directly booked airfare or flights booked through American Express Travel | 670 and above |
| American Express Gold Card | $325 | Up to $120 annual credits for Uber Cash | 4X points on restaurants worldwide and U.S. supermarkets purchases | 670 and above |
| Apple Card | $0 | 3 percent cash back on Uber purchases made with the Apple Card through Apple Pay | 5 percent cash back on travel booked through Chase Travel | 660 and above |
| Bank of America Customized Cash Rewards credit card | $0 | 3 percent cash back in the category of your choice | 2 percent cash back at grocery stores and wholesale clubs | 670 and above |
| Blue Cash Preferred Card from American Express | $0 intro annual fee for the first year, then $95 | 6 percent cash back on U.S. supermarket purchases and select U.S. streaming subscriptions | 3 percent cash back at U.S. gas stations and 3 percent cash back on transit purchases | 670 and above |
How to Choose the Right Credit Card for Ridesharing
If you’re struggling to decide which credit card is right for you, ask yourself the following questions:
- Do you earn cashback or rewards specifically tailored for rideshare services?
- Are there any travel perks or benefits that interest you?
- Are you willing to pay an annual fee for the benefits?
How to Maximize Your Rewards
Take advantage of any welcome offers, meet ridesharing benefits requirements, and use a rewards strategy to maximize your rewards.
Frequently Asked Questions
Using a credit card for rideshares can offer benefits such as cashback or rewards on your rides, fraud protection, and the ability to track and manage your transportation expenses easily.
“If you rideshare often, it makes sense to earn rewards on the cost of your rides. Whether you’re loyal to Uber or Lyft or simply go with whichever service has better availability at the time, there’s a card that can reward you for every ride you take.” – Bankrate
What’s Next?
Discover which card matches your money goals with Bankrate’s CardMatch.
The Bottom Line
If you rideshare often, consider using a credit card to maximize your rewards.
