Best Credit Cards for Uber and Lyft in 2023

Best Credit Cards for Uber and Lyft in 2023

rideshare

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With the growing popularity of rideshare services around the world, including Uber and Lyft, more travelers are looking for ways to maximize their credit card rewards on transit purchases.

Luckily, many of the best travel credit cards feature earning bonuses not just for rideshare services, but also in broader travel categories that include rideshares. That means consumers can expect to earn multiple points per dollar or several percentage points in cash back on rideshare purchases if they use the right card.

You can earn up to 10x bonus points or 10% cash back when you use the right rewards credit card for your rideshare spending.

Compare the Best Credit Cards for Uber and Lyft

Best Credit Cards for Uber and Lyft

  • The Platinum Card® from American Express: Best premium card for Uber credits
  • Capital One Savor Cash Rewards Credit Card: Best credit card for Uber spending
  • American Express® Gold Card: Best middle-of-the-road card for Uber credits
  • Chase Sapphire Reserve®: Best credit card for Lyft spending
  • Ink Business Preferred® Credit Card: Best small business credit card for Lyft spending
  • Capital One SavorOne Cash Rewards Credit Card: Best no annual fee credit card for rideshare expenses
  • Chase Sapphire Preferred® Card: Best starter travel credit card for rideshare expenses

Methodology: How we chose the best credit cards for Uber and Lyft

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

A handful of credit cards offer valuable benefits such as monthly credits and complimentary memberships with Uber and Lyft. But a card doesn’t need to have Uber or Lyft-specific benefits to be an elite rideshare credit card. Many cards offer bonus points for making rideshare purchases and the ability to pay for your ride with rewards.

We’ve listed the credit cards with the biggest value for those who use Uber or Lyft with regularity, also taking into account each card’s welcome bonus and ongoing benefits in relation to its annual fee.

Why you should trust our recommendations

Insider’s cards team does not hawk credit cards. Our card ranks and recommendations are founded entirely on service to our readers. We’ll tell you when a credit card is good — and we’ll tell you when a credit card is bad.

Credit cards for Uber and Lyft frequently asked questions

Best premium card for Uber credits

The Platinum Card® from American Express

Why use it for rideshares: Although it does not earn bonus points on rideshares, the Amex Platinum Card does offer cardmembers up to $200 per year in Uber Cash credits. You’ll receive $15 in Uber Cash each month, except for December, when you get $35.

Welcome bonus offer: Earn 80,000 Membership Rewards® points after spending $6,000 on purchases on the card in the first six months of card membership.

Annual fee: $695

Other benefits: Though the annual fee is high, this premium credit card is packed with perks, such as: – Up to $200 in airline fee credits each calendar year – Up to $200 in credits per year toward prepaid hotel bookings through Amex Fine Hotels and Resorts or The Hotel Collection – Up to $240 in annual credits (up to $20 per month) toward eligible digital subscriptions such as Hulu, Disney+, ESPN+, and Peacock – $189 per year in credits for CLEAR® Plus membership – Up to $100 in Saks credits each calendar year – Global Entry or TSA PreCheck application fee credit – Airport lounge access – Amex Fine Hotels and Resorts – Cell phone protection

American Express Platinum Card review

Best credit card for Uber spending

Capital One Savor Cash Rewards Credit Card

Why use it for rideshares: The Capital One Savor Cash Rewards Credit Card earns 10% back on spending with Uber and Uber Eats through November 14, 2024.

This is an excellent return rate — and if you’ve also got a Capital One miles-earning card (such as the Capital One Venture Rewards Credit Card), you can convert that cash back into Capital One miles at a rate of 1 cent per mile. Insider’s points and miles valuations estimate Capital One miles are worth an average of 1.7 cents each when redeemed for travel. That means this 10% return on Uber could actually become 17% back.

You’ll also get a free Uber One membership through November 14, 2024. You’ll have to enroll your card through the Uber (or Uber Eats) app and set your eligible card as your Uber One plan’s payment method. Uber One normally costs $9.99 per month and comes with benefits like:

  • Unlimited $0 delivery fees on eligible food, groceries, and other Uber Eats orders
  • Up to 10% off eligible orders with Uber Eats
  • Up to 5% off eligible rides with Uber

Welcome bonus offer: $300 cash bonus once you spend $3,000 on purchases within the first three months from account opening

Annual fee: $95

Other benefits: The main draw of this card is its impressive earning rates on everyday spending. In addition to the new rideshare bonus category, you’ll also receive: – 4% cash back on dining, entertainment, and popular streaming services – 3% cash back at grocery stores – 1% back on all other purchases

Again, if you convert that cash back into Capital One miles, you’re looking at an effective return rate between 1.7% and 13.6%.

You’ll also find extended warranty protections.

Capital One Savor card review

Best middle-of-the-road card for Uber credits

American Express® Gold Card

Why use it for rideshares: This card offers monthly Uber Cash similar to the Amex Platinum — but for a dramatically lower annual fee. You’ll receive $10 in Uber Cash each month (up to $120 per calendar year, and the Gold Card needs to be added to the Uber app to receive the Uber Cash benefit).

The card doesn’t earn bonus points for rideshares — you’ll get just 1 point per dollar. Insider estimates Amex points value to be 1.8 cents each, so you’ll still get an effective 1.8% return for your transit expenses.

Welcome bonus offer: You’ll earn 60,000 Membership Rewards® points after spending $4,000 on purchases on the card in the first six months of card membership.

Annual fee: $250

Other benefits: This card comes with a handful of other valuable perks that justify its annual fee, such as: – Up to $10 in dining credits each month for spending with partner restaurants – The Hotel Collection (property credits and upgrades) – Solid travel insurance – Purchase protection – Discounts and bonuses through Amex Offers

Amex Gold Card review

Best credit card for Lyft spending

Chase Sapphire Reserve®

Why use it for rideshares: The Chase Sapphire Reserve® is an all-around top earner thanks to the fact that it racks up 3 points per dollar on dining and travel, including rideshare services like Uber.

But it’s even better for Lyft users: The Sapphire Reserve now comes with Lyft’s most premium membership — Lyft Pink All Access. This gives you access to benefits such as free priority pickup upgrades, free bike rides, member-exclusive pricing, and more.

You’ll get free Lyft Pink All Access for two years, with a 50% discount on your third year. You can claim the offer under the “Lyft Pink” tab in your Lyft app (activation is required by December 31, 2024). Just be sure the Chase Sapphire Reserve® is your default payment method.

Plus, through March 2025, the card earns 10 points per dollar on Lyft rides — equal to an 18% return on your spending.

The card even offers up to $300 in statement credits toward travel purchases each year (including rideshares).

Welcome bonus offer: You’ll earn 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.

Annual fee: $550

Other benefits: The points you earn with this card are transferable to over a dozen airline and hotel partners. They are also worth 1.5 cents apiece when redeemed for travel directly through the Ultimate Rewards portal.

You’ll also receive benefits such as: – Access to Chase Sapphire Lounges by The Club – Access to Reserved by Sapphire restaurant reservations – Priority Pass Select airport lounge membership – Global Entry, TSA PreCheck, or NEXUS application fee credit – Top-tier travel insurance – Complimentary food and delivery service memberships

Chase Sapphire Reserve Credit Card Review

Best small business credit card for Lyft spending

Ink Business Preferred® Credit Card

Why use it for rideshares: Like the Chase Sapphire Reserve®, this card earns 3 points per dollar on travel purchases, including rideshares. But through March 2025, you’ll earn 5 points per dollar on Lyft rides. Because Insider values Chase points at 1.8 cents each, this equates to a 9% return for your spending.

Welcome bonus offer: You’ll earn 100,000 points after spending $8,000 on purchases in the first three months from account opening.

Annual fee: $95

Other benefits: This is one of the best small-business credit cards on the market thanks to perks such as: – Cell phone protection – Primary car rental insurance – Trip cancellation/interruption insurance – Extended warranty – Purchase protection – Travel and emergency assistance services – Roadside dispatch – No foreign transaction fees

Chase Ink Business Preferred Card Review

Best no annual fee credit card for rideshare expenses

Capital One SavorOne Cash Rewards Credit Card

Why use it for rideshares: The Capital One SavorOne Cash Rewards Credit Card card has Uber-related benefits that are identical to the Capital One Savor Cash Rewards Credit Card. Through November 14, 2024, you’ll earn 10% back with Uber and Uber Eats. That’s an incredible return for a no-annual-fee credit card — and again, if you’ve got a Capital One miles-earning card, you can turn that cash back into miles at a rate of 1 cent per mile.

You’ll receive complimentary Uber One membership (a $9.99 value) through November 14, 2024. Just enroll your card in the Uber or Uber Eats app and make it your Uber One membership payment method. This will give you various discounts with Uber.

Welcome bonus offer: You’ll earn $200 cash back after you spend $500 on purchases within three months from account opening.

Annual fee: $0

Other benefits: The Capital One SavorOne Cash Rewards Credit Card has few flashy benefits aside from its ever-impressive return rates: – 5% cash back on hotels and rental cars booked through Capital One Travel – 3% cash back on dining, entertainment, and popular streaming services – 3% cash back at grocery stores – 1% back on all other purchases

These bonus categories are incredibly rewarding considering the card charges no annual fee.

Capital One SavorOne Card Review

Best starter travel credit card for rideshare expenses

Chase Sapphire Preferred® Card

Why use it for rideshares: Like the Chase Sapphire Reserve® and Ink Business Preferred® Credit Card, the Chase Sapphire Preferred® Card’s bonus travel category is quite broad and includes rideshares so that cardholders can earn 2x points per dollar on purchases with services like Uber and Lyft. Through March 2025, you’ll earn 5 points per dollar for Lyft purchases.

Welcome bonus offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.

Annual fee: $95

Other benefits: The card also offers: – Up to $50 in annual statement credits toward hotel stays booked through Chase – $10 per month in Gopuff credit through December 2023 – 10% annual points bonus – Excellent travel insurance

Chase Sapphire Preferred Card Review

World and World Elite Mastercards offer Lyft credits

Mastercard World and World Elite credit cards provide a $5 Lyft credit each calendar month. The only requirement is that you take at least three Lyft rides per month.

Examples of cards that qualify for this benefit are: – Chase Freedom Flex℠ (this card also earns 5% back on Lyft) – Citi® / AAdvantage® Platinum Select® World Elite Mastercard® – Citi Premier® Card – IHG One Rewards Premier Credit Card – AAdvantage® Aviator® Red World Elite Mastercard®

The ability to earn up to $60 per year from a World Elite Mastercard is pretty great — especially considering some of them don’t incur an annual fee.