Various cards issue bonus rewards on fuel spending for most Americans. However, customers of Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) can also benefit from additional rewards from card issuers
With ridesharing skyrocketing over the past decade, most card issuers have introduced card rewards for transactions using Uber and Lyft services. Consider applying for a credit card offering reward points, cash-back rewards, or other benefits if you frequently use ridesharing services or taxis to move around your home city or when traveling.
American Express Gold Card is the best card for Uber
The cards are best for those who frequently use Uber to move around and you can earn travel rewards. With the card, you receive $120 Uber Cash yearly for Uber East orders in the US plus rides. You will have to add the card to your Uber app to enjoy the Uber Cash reward.
American Express Platinum Card for Uber Benefits
For regular Uber riders, the card offers annual Uber credit of $200, which is around $15 per month plus an extra $20 in the last month of the year. Additionally, you receive Uber VIP status giving access to highly rated Uber drivers.
Chase Saphire Reserve for Lyft
For Lyft, the ideal card is the Chase Sapphire Reserve, which offers returns on rides. In addition, you will earn around 10X Chase Ultimate Reward points or each dollar on Lyft spending up to March 2025.
Low-fee Chase Sapphire Preferred Card for Lyft
If you are an occasional Lyft user looking for a low-annual fee rewards card, then the Chase Sapphire Preferred card. You will receive 5X points for each dollar used in Lyft rides and 2X points on travel purchases for taxi and Uber rides.
American Express Blue Cash Preferred Card is best for taxi
This is the ideal card if you are looking for considerable cash-back on purchases with some flexibility. For consumers that love traveling in taxis and ride-sharing services, the card offers 3% cash rewards on travels that include ride-share, taxis, tolls, and parking.
