The Amex Offers program often has promotions that can save you money or earn you bonus points for purchases you’d make anyway. A fantastic targeted offer is currently available for Uber and Uber Eats purchases. I first wrote about this last week, but the offer has just been extended by a further month, through the end of January 2023.
Spend $15+ with Uber, earn 500 bonus points
With a new targeted Amex Offers deal, you can earn 500 bonus Membership Rewards points when you spend $15+ with Uber or Uber Eats:
- Registration is required
- This is valid for purchases through January 31, 2023
- You can take advantage of this up to five times, for a total of 2,500 bonus points
- This offer excludes Uber Freight, Uber One, Uber for Business, Drive with Uber, gift cards, and Lime transactions
This is a pretty awesome offer. Personally I value Amex Membership Rewards points at 1.7 cents each, so therefore I value 500 points at $8.50. Getting a return of $8.50 on a $15+ purchase is a pretty awesome deal, especially since it’s in addition to whatever return on spending you’d usually get with your credit card.
Unfortunately buying Uber gift cards or credits doesn’t count toward this promotion, both per the terms, and in practice.
Why the value of this promotion is a bit tricky
When using ridesharing services, you’ll want to use the card that maximizes your return on spending. Through November 14, 2024, the no annual fee Capital One SavorOne Cash Rewards Credit Card (review) has a partnership with Uber.
With this, the card is not only offering a complimentary Uber One membership, but is also offering 10% cash back on these purchases. That 10% cash back can even be converted into Capital One miles, at the rate of one cent per point. Since I value Capital One miles at 1.7 cents each, that’s like a 17% return on that spending, which is phenomenal.
While Amex’s promotion here is great, there are limited situations where this makes sense for those of us who also have the Capital One SavorOne Cash Rewards Credit Card:
- If I were spending over $15 and under $50 in one transaction, I’d use this offer, since I’d earn a minimum of 500 points per purchase that way
- If I were spending over $50 in one transaction, I’d still use the SavorOne Card, since I’d earn over 500 points that way
The Amex Offers program has a new targeted promotion that can earn you bonus points with Uber or Uber Eats. With this offer, you can receive 500 bonus points on $15+ purchases, up to five times. If you’re eligible for this offer, it could definitely be worth taking advantage of.
Do you plan on taking advantage of this Amex Offers deal for Uber or Uber Eats?