Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — Uber already has a home on your phone. Now it wants a place in your purse or wallet.
The ride-hailing giant is unveiling a no-fee, co-branded credit card with British bank Barclays Wednesday.
While it will use points, the Uber Visa Card is designed as a cash-back loyalty program. For instance, the card will give users 2 percent cash back if they take a ride in an Uber, and 4 percent cash back for every dollar spent on dining, including the UberEATS on-demand food delivery service.
Customers will be able to redeem points for Uber rides using a standard penny-per-point redemption rate, or just have the points converted to cash and deposited back into their bank accounts. Barclays and Uber say point transfers to airlines will be coming in 2018.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
