You might not have heard about the Uber Visa credit card yet, especially when you consider the fact that it’s only been available for a short while. If you’re basing everything on its name, you might be missing a few important details. Chances are, you’re wondering if there’s any point in you getting the card if you’re not a regular Uber user. Granted, the card does carry the Uber name and there are certain perks available to people that routinely use the service. With that being said, anyone can apply for this credit card and use it, regardless of whether or not you have ever used Uber or intend to use it in the future. Consider the 10 benefits of having an Uber Visa credit card listed below.
1. They have great cash back benefits
There are plenty of credit cards out there that give you one or two percent cash back on purchases, but with this one, you get as much as 4 percent cash back when you dine out. That’s practically unheard of and it’s definitely worth getting your attention.
2. There is no annual fee
If you’ve ever paid an expensive annual fee for a credit card, you know how beneficial it is to have one that doesn’t come with this kind of baggage. Annual fees are just another way for the credit card company to charge you for doing business with them. As a matter of fact, those that charge an annual fee will immediately charge your account when you open it and then they will charge you an equally substantial amount every year thereafter. It’s almost like being punished for choosing to do business with them by carrying their credit card. Here, you don’t have to worry about any of that nonsense.
3. They have excellent bonuses
This program rewards you with points. Eventually, those points can be used for cash. If you spend $500 within the first three months of opening your account, you automatically get 10,000 bonus points, which equates to getting $100 handed to you for doing essentially nothing. It’s like getting that last $100 worth of purchases for free.
4. Cell phone insurance
You probably have insurance on your cell phone through your wireless carrier, but if you’ve ever tried to use it, you know what a pain it can be, too. This credit card is kicking things up a notch by offering as much as $600 in cell phone protection and the only thing you have to do is pay your cell phone bill with your credit card every month. That protection guards against both damage and theft, so it’s worth having.
5. You don’t get charged for foreign transactions
That’s right, with this card, there are no foreign transaction fees. That’s one more way that you can save money.
6. You don’t have to have great credit to get it
If you have average credit, you probably won’t have any trouble getting this card. Even if you’ve had credit troubles in the past, it’s still worth applying because you have a shot at getting approved.
7. The APR is reasonable
Nobody likes the idea of having a credit card with a 35 percent Annual Percentage Rate. This one is much more reasonable, at less than 24 percent for most customers. If you have excellent credit, you can probably get an even better rate.
8. Expect a decent line of credit
Have you ever applied for a credit card and been approved, only to find out that your credit limit was about $200? That can make you wonder why you went to the trouble of applying in the first place. With this card, you can typically expect your credit limit to be at least $500, maybe more.
9. If you use Uber, you get special perks
Since the card carries the Uber company name, this is something you would probably expect. If you frequently use Uber to get rides, you can get some major discounts when you pay with this card.
10. Maintaining your account is quick and easy
Of course, it’s even better when you can maintain your account and even pay your bill online. It takes all the hassle out of having a credit card and puts you in control when it comes to maintaining your credit. You can check recent transactions, pay your bill, and even request a credit line increase, all from the comfort of your own home.