The New York Times is reporting that Barclaycard and Uber have indicated that their new co-branded credit card will have airline transfer partners at some points in 2018. This is huge news!

With the uncertainty around the Starwood Preferred Guest program – one of four transferable points programs – this would be a great addition to the market. If this comes to fruition, here’s what the Uber credit card can offer:

Uber Card Bonus Categories

The Uber card has some intriguing bonus category options for a card with no annual fee. The ability to transfer points to airlines, though, is what could make this really useful. Here are the bonus categories and their earn rates:

  • Restaurants, takeout, bars (includes UberEATS) – 4% cash back
  • Hotels, airfare, vacation home rentals – 3% cash back
  • Online purchases including Uber, online shopping, and more – 2% cash back
  • All other purchases – 1% cash back

Is the Uber Card Competitive?

These are competitive bonus categories, especially for a card with no annual fee. Consider that the Chase Sapphire Reserve Card earns 3X points per dollar on dining and travel. While the Uber card doesn’t come with the same perks such as Priority Pass lounge access or a $300 travel credit, the everyday earn rate with the card does compete with the Chase Sapphire Reserve Card.

Now, for those of us who love utilizing credit cards to earn miles and points for award travel, the value of this card really rests in the potential of airline transfer partners. One of the reasons the Chase Sapphire Reserve Card is so valuable is that it has the ability to earn Ultimate Rewards points which can be transferred to multiple airline and hotel partners.

Final Thoughts

If the Uber card does indeed partner with airlines in 2018, this could be an intriguing option and one I would definitely consider. This, of course, depends on what airlines Barclaycard could negotiate for the Uber card but I’m excited to see what comes of this.

Until 2018, we’ll just have to wait and see.

What airlines do you think might partner with the new Uber card?

Featured image courtesy of Uber