Barclays Uber Visa Card Discontinuation: What to Expect When the Card is No Longer Issued
When it was launched, the Barclays Uber Visa Card caused a stir, especially among fans of shared rides on apps and those who gave up using their own cars for daily needs.
However, shortly after its launch, the Barclays Uber Visa Card was discontinued, its issuance was suspended, and little by little, customers had their cards canceled.
Why does it happen? It seems contradictory to say that a poorly designed program can often cause a bank to incur losses from its customers. After all, banks were created never to make losses, right?
In practice, it works differently. The Barclays Uber Visa Card delivered benefits with a zero annual fee that stimulated consumption, but not in the expected way. With its low-interest rate policy, there also needed to be more compliance concerning its customers' payment flows.
With this, the bank actually observed that the card's points program, although excellent for the user, was a terrible deal for him, which delivered noteworthy rewards, such as 5% on all transactions made through the Uber app – travel, food ordering and even scooter or bike rides.
Do you want to know more about credit cards that have reinvented themselves over the years, bringing incredible and attractive benefits to their customers? So, follow us and keep reading to find out more!
Revolutionizing Credit Cards: A Dive into Innovative Rewards Programs
With an increasingly heated credit supply market, banks naturally move quickly to capture a market share and win over more customers.
However, which cards should you turn to when you have the consumer profile for whom the Barclays Uber Visa Card was previously a perfect solution?
We made a list of the best credit cards for those who don't give up their comfort when traveling with shared travel apps:
The Platinum Card® from American Express
With The Platinum Card® from American Express, each customer receives US$200 in annual credits for Uber trips.
To make the advantage possible, Amex credits the balance directly to the customer's account as Uber Cash.
So, simply redeem the card code in your Uber account to use the balance however you want.
The Platinum Card® from American Express is a card specifically designed to attract high-luxury travelers. This extraordinary advantage helps you with transfers between the airport and hotel, for example, when you are outside your country.
Prime Visa
Prime Visa is a card developed by Chase in partnership with Amazon. The card aims to generate credits for customers to use on Amazon through its robust rewards program.
To this end, the customer receives a 2% cashback directed directly to their points program for each Uber trip made using the card as a payment method.
Once generated, points can be converted into products on Amazon with no expiration date or conversion limit. It doesn't matter what the race cost or how much you use the card during the month, as points will automatically be credited to your program with each payment.
American Express Gold Card
In the same direction as The Platinum Card® from American Express, the American Express Gold Card also has a specific rewards system to serve Uber's most frequent customers.
Each year, a $120 gift card is created and credited to your account so your Uber rides are always discounted.
It is a great alternative to use, in the form of Uber Cash, on your trips around the world, especially when you want to avoid renting a car.
This way, you eliminate any foreign transaction fees and enjoy your tourist itinerary even more without touching your pocket.
Southwest Rapid Rewards® Plus Credit Card
The Southwest Rapid Rewards® Plus Credit Card initially generates one point for every dollar spent using it as a payment method.
The card generates 2x more points when used with Uber and when paying for streaming or internet services.
Afterward, the points generated can be used to pay for part of your travel, create gift cards at large retail stores, or even pay for your air travel anywhere in the USA through the company itself.
It is a card created specifically for travelers who want to make the most of their moments of leisure and rest and discover the world while spending less.
American Express Green Card
The American Express Green Card has a specific program with Uber, making it faster and simpler to accumulate points.
For every real spent with Uber and paid using your card, the points generated are automatically multiplied by 3.
Then, you can also use them to buy Uber Cash gift cards and add balance to your account, enjoying trips completely free of charge and even eliminating the need to rent a car when traveling.
Maximize Your Savings: Is Getting a Card Solely for Uber Worth It?
It depends on some factors. If the Barclays Uber Visa Card is relaunched, and it certainly will, both due to the discounts on its rides and, above all, the generation of points in relationship programs.
Now, if you already have a credit card with a specific program that favors earning points on Uber rides, it is completely unnecessary to have a card for exclusive use with the application.
But suppose you do not have a card with this kind of reward or like to organize your finances by having specific cards for certain expenses. In that case, this is also an excellent way to manage your finances.
There are indications that the Barclays Uber Visa Card could be relaunched later this year, according to media reports specializing in the financial market. And, as there is a void in the market in terms of a specific card for Uber, this relaunch may actually happen soon.
However, an official statement from the bank still needs to be made. Therefore, if there is any change in this definitive cancellation or relaunch scenario, we will be the first to notify you by updating this publication or bringing other possible benefits that this card can offer in a complete blog post about it.
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