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
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.
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.
Chase Sapphire Preferred® CardAPPLY NOW
Chase Sapphire Preferred® Card
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Either $5 or 5% of the amount of each transfer, whichever is greater.
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