Best Credit Cards For Uber & Lyft Rides

Best Credit Cards For Uber & Lyft Rides

9
In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. The information and associated card details on this page for the American Express® Green Card has been collected independently by OMAAT and has not been reviewed or provided by the card issuer. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out our advertiser policy for further details about our partners, and thanks for your support!

It’s amazing to think how much ridesharing has changed the way people get around. Back in the day you’d need to rely on rental cars or taxis when traveling, while now you can get transportation around the globe within minutes using your smartphone.

Since Uber & Lyft spending is a significant expense for many, I wanted to write a post about the best credit cards for maximizing value with ridesharing companies. We’ve seen some credit card issuers form partnerships with the two ridesharing giants, so first I wanted to cover the special opportunities available with each company, and then talk about the best rewards available with ridesharing in general.

American Express card benefits with Uber

American Express & Uber have an ongoing partnership, offering an Uber Cash benefit with select cards (enrollment required). Specifically:

Chase card benefits with Lyft

Chase & Lyft have a partnership, offering bonus points for spending with Lyft. Currently this partnership is valid through March 2022, and you can earn the following rewards for spending with Lyft, with no caps:

On top of that, the Chase Sapphire Reserve offers a one year free Lyft Pink membership, and that also has to be activated by March 2022. Lyft Pink offers perks like 15% savings on rides, waived cancelation fees, and more. This has been a fantastic partnership, and I certainly hope that it’s extended beyond this spring.

Best personal cards for Uber & Lyft January 2022

Aside from the special partnerships that American Express and Chase have with ridesharing companies, let’s take a look at the personal credit cards that generally offer the best rewards on Uber & Lyft rides, whether you’re looking to earn points or cash back.

Below are my favorites, with the return on spending determined based on my valuation of points. In all cases, the cards offer the equivalent of at least a 3% return on Uber & Lyft purchases.

1. Chase Sapphire Reserve®

Reward for rideshare spending: 3x Chase Ultimate Rewards points (which I value at 5.1%)
Card annual fee: $550
Foreign transaction fees: none

The Chase Sapphire Reserve offers 3x points on all travel purchases, and that includes rideshares. This is a great card for Uber & Lyft spending globally.

Read a review of the Chase Sapphire Reserveapply for the Chase Sapphire Reserve.

2. American Express® Green Card

Reward for rideshare spending: 3x Amex Membership Rewards points (which I value at 5.1%)
Card annual fee: $150
Foreign transaction fees: none

The Amex Green offers 3x points on all travel purchases, and that includes rideshares. That makes it the best Amex card for Uber & Lyft spending globally.

Read a review of the Amex Greenapply for the Amex Green.

3. Chase Sapphire Preferred® Card

Reward for rideshare spending: 2x Chase Ultimate Rewards points (which I value at 3.4%)
Card annual fee: $95
Foreign transaction fees: none

The Chase Sapphire Preferred offers 2x points on all travel purchases, and that includes rideshares. This is a great card for Uber & Lyft spending globally.

Read a review of the Chase Sapphire Preferredapply for the Chase Sapphire Preferred.

4. Capital One Venture X Rewards Credit Card

Reward for rideshare spending: 2x Capital One Venture miles (which I value at 3.4%)
Card annual fee: $395
Foreign transaction fees: none

The Capital One Venture X offers 2x Venture miles on all purchases, so this isn’t even a bonus category, but rather just a very well rounded return on spending. Don’t be alarmed by the annual fee, as the card offers a $300 annual Capital One Travel credit plus 10,000 bonus anniversary miles.

Read a review of the Capital One Venture Xapply for the Capital One Venture X.

5. World of Hyatt Credit Card

Reward for rideshare spending: 2x World of Hyatt points (which I value at 3%)
Card annual fee: $95
Foreign transaction fees: none

The World of Hyatt Card offers 2x points on local transit and commuting, including ridesharing, so this card is a great option for Hyatt loyalists.

Read a review of the World of Hyatt Cardapply for the World of Hyatt Card.

6. Blue Cash Preferred® Card from American Express 

Reward for rideshare spending: 3% cash back
Card annual fee: $0 introductory annual fee for the first year, then $95. (Rates & Fees)
Foreign transaction fees: 2.7% (Rates & Fees)

The Blue Cash Preferred offers 3% cash back on transit, which includes taxis, ridesharing, parking, tolls, trains, buses, and more. However, with the foreign transaction fees on the card, I’d only recommend using it for purchases in the United States.

Read a review of the Blue Cash Preferred, apply for the Blue Cash Preferred.

Best business cards for Uber & Lyft January 2022

Now that we’ve looked at the best personal credit cards for Uber & Lyft spending, let’s take a look at the most rewarding business cards.

1. Ink Business Preferred® Credit Card

Reward for rideshare spending: Up to 3x Chase Ultimate Rewards points (which I value at 5.1%)
Card annual fee: $95
Foreign transaction fees: none

The Ink Business Preferred offers 3x points on the first $150,000 spent in combined purchases every anniversary year on travel (including ridesharing), shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines. So within those limits this is a fantastic card for rideshare spending globally.

Read a review of the Ink Business Preferredapply for the Ink Business Preferred.

2. The Blue Business® Plus Credit Card from American Express

Reward for rideshare spending: Up to 2x Amex Membership Rewards points (which I value at 3.4%)
Card annual fee: $0 (Rates & Fees)
Foreign transaction fees: 2.7% (Rates & Fees)

The Amex Blue Business Plus offers 2x Amex points on the first $50,000 spent every calendar year (1x points thereafter). The card has foreign transaction fees, so I’d only recommend using it for purchases in the United States.

Read a review of the Amex Blue Business Plusapply for the Amex Blue Business Plus.

3. Capital One Spark Miles for Business

Reward for rideshare spending: 2x Capital One Spark miles (which I value at 3.4%)
Card annual fee: $95, waived the first year
Foreign transaction fees: none

The Capital One Spark Miles offers 2x Spark miles on all purchases, so this isn’t even a bonus category, but rather just a very well rounded return on spending.

Read a review of the Spark Miles for Businessapply for the Spark Miles for Business.

Bottom line

Many people spend a significant amount annually on ridesharing, so it’s worth making sure that you’re maximizing your rewards for your spending with Uber & Lyft.

There’s lots of value to be had with Amex’s partnership with Uber and Chase’s partnership with Lyft. Personally my strategy is to use the Uber credits on The Platinum Card® from American Express, and then I otherwise use my Chase Sapphire Reserve® for rideshare spending — I’m earning 10x points with Lyft through March 2022, and I’m earning 3x points with Uber.

What’s your credit card strategy for Uber & Lyft spending?

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: Blue Cash Preferred® Card from American Express (Rates & Fees), and The Blue Business® Plus Credit Card from American Express (Rates & Fees).

Conversations (9)
The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
Type your response here.

If you'd like to participate in the discussion, please adhere to our commenting guidelines. Anyone can comment, and your email address will not be published. Register to save your unique username and earn special OMAAT reputation perks!

  1. iamhere Guest

    Many incorrect comments in this article.
    1. Value of points of various credit cards.
    - Chase cards change value if you hold the Reserve card, so the lower cards points could be valued higher.
    - Chase cards change value if you redeem through their rewards travel center.
    - Amex points value is not what you claim. If you redeem through Amex travel center it requires many more points than Chase. Amex...

    Many incorrect comments in this article.
    1. Value of points of various credit cards.
    - Chase cards change value if you hold the Reserve card, so the lower cards points could be valued higher.
    - Chase cards change value if you redeem through their rewards travel center.
    - Amex points value is not what you claim. If you redeem through Amex travel center it requires many more points than Chase. Amex point transfers to other airlines or hotels are not always 1:1 as Chase.

    2. The Amex benefit for Uber is not what you claim. They do not give you all of the month's money at once. They divide it up into bits. Little discounts off of many trips. It's not really at face value.

    3. There are other ways you can get a bigger return in cash on rideshare. Interesting these were not mentioned.

  2. stvr Guest

    This is wrong. The best card for Lyft is a Mastercard, period. (For the first 3 rides per month, at least.)

  3. Eskimo Guest

    You know you could at least bring up your previous advertorial sponsors.

    Brex has x8 which is transferable miles or cash out at 8%.
    Cardless Man Utd has x5, Celtics x7. Each at 5% or 7% cashback.

    It's not like you didn't persuaded us to apply. It's more than fair to assume your readers actually applied and hold these one-time sponsorship cards.

    As the Venture X says, What's in your wallet?

  4. Another Lump Guest

    There's Citi merchant offers for Uber out now, $10 off up to 4 times, so using a Citi card with this offer is probably your best option after using up your monthly Amex stipend.

  5. Captain Greg Guest

    Idk how Brex isn’t included. Do you not consider it a credit card?

  6. JK Guest

    If you're paying so much for Uber rides that you can justify having a certain credit card set aside for them, maybe it's time to buy a car?

  7. DTS Guest

    If I receive a monthly credit through the Amex Platinum card, can I use a different card for paying for the ride, respectively the price difference?

    1. Steve Diamond

      You should be able to much easier now than in the past. In the past if you didnt use the amex it wouldnt pick up your credit. Even today i dont want to risk it no amount of extra points is worth not getting your $15 credit but that said its much easier for the $15 to be auto-applied now meaning you can use a sapphire to cover the rest.

    2. iamhere Guest

      Should be able to, but note I don't think they just give you the money anymore. I think they apply small discounts to many rides that add up to the monthly amount.

Featured Comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

iamhere Guest

Should be able to, but note I don't think they just give you the money anymore. I think they apply small discounts to many rides that add up to the monthly amount.

0
iamhere Guest

Many incorrect comments in this article. 1. Value of points of various credit cards. - Chase cards change value if you hold the Reserve card, so the lower cards points could be valued higher. - Chase cards change value if you redeem through their rewards travel center. - Amex points value is not what you claim. If you redeem through Amex travel center it requires many more points than Chase. Amex point transfers to other airlines or hotels are not always 1:1 as Chase. 2. The Amex benefit for Uber is not what you claim. They do not give you all of the month's money at once. They divide it up into bits. Little discounts off of many trips. It's not really at face value. 3. There are other ways you can get a bigger return in cash on rideshare. Interesting these were not mentioned.

0
stvr Guest

This is wrong. The best card for Lyft is a Mastercard, period. (For the first 3 rides per month, at least.)

0
Meet Ben Schlappig, OMAAT Founder
4,523,713 Miles Traveled

25,807,500 Words Written

28,675 Posts Published

Keep Exploring OMAAT