Dine Out a Lot? Take a Look at This Upcoming No-Annual-Fee Card

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Via Point Me to the Plane, Barclaycard will soon throw another travel credit card into the ring!

On November 2, 2017, you’ll be able to apply for a co-branded Uber credit card from Barclaycard.  That could be especially enticing for folks who spend a lot on dining!  But is NOT worth it for folks new to miles & points.

I’ll explain why.

Barclaycard Uber Credit Card Coming Soon

The Barclaycard Uber credit card will come with a 10,000 point sign-up bonus after spending $500 within 90 days of account opening.  Points are worth 1 cent each, and can be redeemed for Uber, cash back, or gift cards.  And you’ll need to redeem at least 500 point at a time for Uber credits, or 2,500 points for cash back and gift cards.

The card also comes with:

• 4% back for dining purchases
• 3% back for hotels and airfare
• 2% back for Uber rides and online purchases
• 1% back for all other purchases
• $50 “subscription credit” for online subscription services (you must spend $5,000+ on your card in a year)
• $600 coverage for phone damage or theft (you must use your card to pay your monthly phone bill)
• Invitations to exclusive US events
• NO foreign transaction fees
• NO annual fee

Is This a Good Deal?

These are good benefits for a card with no annual fee.  And earning 4% back on dining is hard to beat. But the $100 sign-up bonus on the Barclaycard Uber card isn’t that compelling.

Plus, I’d still prefer earning 3X Chase Ultimate Rewards points per $1 spent on dining with a card like the Chase Sapphire Reserve.  Because even though it comes with a hefty annual fee, Chase Ultimate Rewards points are the best for Big Travel with Small Money.

One thing that I find interesting about this card is its subscription credit.  Any popular web services you’re subscribed to are eligible for this credit, like:

• Amazon Prime
• Apple Music
• Hulu
• Netflix
• Spotify

Just note that you’ll have to spend $5,000 per year to earn the credit.

While I think this is a great no annual fee credit card, I do NOT recommend this to those of y’all new to miles & points.  Because there are credit cards with more valuable sign-up bonuses and benefits that you should open first.

Note:   Folks should be selective about the Barclaycard credit cards they apply for.  In my experience, you can only get 1 or 2 Barclaycard credit cards a year.  To increase your chances of getting approved, I’d recommend waiting ~6 months between Barclaycard applications.

Bottom Line

On November 2, 2017, you’ll be able to apply for the newt no-annual-fee Barclaycard Uber card.

It will come with 10,000 points (worth $100) after spending $500 within 90 days of account opening.  And 4% back on dining, 3% back on travel, and NO foreign transaction fees.

If you’re new to miles & points, I’d suggest you apply for other, more valuable, cards before you go for this one.