We’ve certainly seen a marked increase not only in travel and transit categories but some boosts to general cashback cards, as well.
The busy holiday season means airport rides and holiday celebrations — a perfect time to use rideshare! So with that, here are our picks for the best credit cards to use on your rideshare purchases!
The Top 5 Best Credit Cards for Rideshare
When American Express recently relaunched its classic Green Card, it added 3X earnings on travel purchases — including rideshare.
This gets more lucrative for Business Platinum Card from American Express cardholders who also have American Express Green Cards. Why? Thanks to the Amex Business Platinum’s 35% rebate on select airline ticket purchases when Paying with Points on through the Amex Travel site, that 3X becomes even more valuable.
The American Express Green Card carries a $150 annual fee — but its annual CLEAR credit and great travel earnings pretty easily offset that amount.
Chase Ink Preferred (3X)
This card is such a fantastic option for small business owners and people with side hustles. (Remember, you may already qualify to apply for a business credit card!)
The Chase Ink Preferred earns 3X on travel purchases, up to the first $150,000 combined spend with several other categories. Plus, Ink Preferred’s Ultimate Reward points are worth 1.25 cents each when redeemed for travel booked through Chase’s Ultimate Rewards portal.
Plus, the Chase Ink Preferred has a relatively low annual fee ($95) compared to other cards that also earn 3X. (Read more about why I think the Chase Ink Preferred card is such a valuable card.)
Wells Fargo Propel American Express Card (3X, NO ANNUAL FEE!)
This no annual fee card is loaded with 3X bonus categories: rideshare, travel, streaming services, transit, gas stations, and more.
Blue Cash Preferred Card from American Express (3% cashback)
American Express’ Blue Cash Preferred Card rewards you 3X on transit purchases (rideshare, taxi, parking, buses, trains, tolls, etc).
It’s $95 annual fee is easily recoupable — especially because the Blue Cash Preferred Card gives you 6% cashback at US supermarkets (up to $6,000 annually) and on select US streaming subscriptions, as well as 3% back at gas stations.
The Chase Sapphire Reserve is a very attractive option for frequent rideshare users.
The card boasts an annual $300 travel credit. Rideshare purchases qualify!
Rideshare and other eligible travel purchases earn 3X, too. Plus, Chase Sapphire Reserve gives its cardholders the privilege of redeeming their points at 1.5 cents each through the Ultimate Rewards travel site.
The CSR’s downside? Its big $550 annual fee. Granted, the card also rewards 3X for dining purchases and has a great Priority Pass Select membership that still includes some airport restaurants. But if airport lounge perks aren’t your thing, you’re better off saving money and getting the Chase Ink Preferred or Chase Sapphire Preferred.
Other Solid Options
The Chase Sapphire Preferred card rewards you 2X on travel purchases, including rideshare charges. (Dining also scores you 2X). While it doesn’t pack the 3X earnings or $300 travel credit of its bigger sibling Chase Sapphire Reserve, its annual fee is only $95.
Its Ultimate Reward points are worth 1.25 cents each when redeemed for travel booked through Chase’s Ultimate Rewards portal.
American Express Blue Business Cash Card (2X Up to $50,000 Annually, NO ANNUAL FEE!)
The Blue Business Cash Card is sort of a sleeper pick. It earns 2% back on all eligible purchases up to $50,000 per calendar year.
Plus, there’s no annual fee!
Capital One® Venture® Rewards Credit Card (2% cashback) (Learn where and how to apply)
CNBC’s “Best Travel Card” of 2018 gives you 2% on every purchase. It’s $95 annual fee is waived the first year. Read more about the Capital One Venture Rewards credit card.
Here’s another card that snuck into our list. The World of Hyatt card earns 2X on transit purchases — including rideshare.
Added bonus: its $95 annual fee rewards you a complimentary night each year you hold the card (beginning year two).
Plenty of cashback credit cards — such as the Chase Freedom Unlimited, Chase Ink Business Unlimited, Capital One® Quicksilver® Cash Rewards Credit Card (read more), and Wells Fargo Cash Wise Visa card (read more), among others — have no annual fee and earn between 1.5% and 2% back on each purchase.
While the points earnings aren’t as lucrative as many cards on our list, the annual fee savings are nice. Plus, earning more than just a measly one point is certainly a plus.
Moral of the story: make sure to use a card awarding you at least 1.5 points per dollar spent.
But What About the Amex Platinum Card?
The Platinum Card from American Express gives cardholders up to $200 of Uber Cash each calendar year ($15 from January – November, then $35 for December).
Ironically, rideshare purchases earn only 1X on the Amex Platinum.
But just because you use Uber Cash from the Amex Platinum doesn’t mean you have to pay with that card.
Even when applying the AmPlat’s Uber Cash, I charge the rest of my ride to my Chase Sapphire Reserve. This way, I earn 3X on any extra cash balance.
And Don’t Forget…
Lyft rewards you Delta SkyMiles for each ride: two miles for each ride to/from airports, and one mile for all other rides.
Featured image: ©iStock.com/Prostock-Studio
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