Is It Easy to Use Uber in Key West
Uber Rewards is eliminating a key redemption option
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Editor's note: This story was updated to include a statement from Uber.
Back in 2018, Uber began rolling out it its loyalty program Uber Rewards. It was initially only available to select people in certain cities but has since expanded nationwide. Soon, it will see its first major devaluation.
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Background
Much like airline and hotel loyalty programs, there are two main aspects to the Uber Rewards: the ability to earns rewards and the ability to earn elite status. The earning rates are fairly simple:
- 1 point per eligible dollar spent on UberPool and UberEats
- 2 points per eligible dollar spent on UberX, Uber XL, Select and WAV
- 3 points per eligible dollar spent on UberBlack, Black SUV and Lux
Initially, points were worth a flat 1 cent apiece toward Uber Cash credit — for every 500 points earned, you'd get a $5 Uber Cash credit. This credit could be redeemed toward future Uber rides and UberEats orders. Then in December, Uber began introducing new reward options, like discounts on rides, access to highly rated drivers, and meal donations through Feeding America, slightly adjusting the value you could get.
What's changed
Unfortunately, the $5 Uber Cash reward option will be going away soon. In an email to members, Uber shared that they will no longer see the option after this current rewards cycle. Some of the discounts are capped at $7, making them arguably more valuable than the credit option. But they require you to spend more in the first place to maximize them so the credit option still often made more sense.
Related: New Uber Rewards options
Bottom line
Losing the Uber Cash option is disappointing, but it makes sense given the company's struggling financial position due to the significant drop in demand for rides caused by the coronavirus pandemic. Uber will continue to add new reward options like promotions on rides and eats, unique experiences and exclusive partner offers to keep the program experience exciting. The program has previously partnered with P.F. Chang's to offer free dumplings as a reward option, so it's likely we'll see more partnerships like that in the future.
While the Uber Rewards program might be getting a bit less valuable for some members, there are still ways to save on your rides and eats orders. Check out our guide to the best cards for Uber and Lyft before booking your next ride-share trip to learn how you can maximize your return.
Note: After this article was originally published, an Uber spokesperson reached out to TPG to clarify that this decision was not tied to the company's financial position and provided the following statement: "After thoughtful consideration, we made the decision to sunset the $5 Uber Cash benefit in the U.S. starting in late 2019. Users told us that Uber Cash was a less popular option for every 500 points earned and that they wanted more choice, which is why we expanded to include ride and Eats discounts, partner benefits like access to Apple News, free food items, and a large focus on donations per these challenging times. We remain committed to Uber Rewards and recognizing riders for choosing our service."
Featured image by
An Uber driver in New York City (Photo by Brendan Dorsey/The Points Guy)
TPG featured card
Intro offer
Earn 80,000 ThankYou® points60,000 points
Recommended Credit
670-850
Excellent, Good
Why We Chose It
The Citi Premier's 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler's wallet.
Pros
- Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
- $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
- Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
- World Elite Mastercard benefits, extended warranty, damage and theft protection.
Cons
- $95 annual fee
- Lacks travel protections that other travel rewards cards come with
- For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
- Earn 3 Points per $1 spent at Restaurants and Supermarkets
- Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
- Earn 1 Point per $1 spent on all other purchases
- Annual Hotel Savings Benefit
- 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
- No expiration and no limit to the amount of points you can earn with this card
- No Foreign Transaction Fees on purchases
Rewards Rate
| 3X | Earn 3 Points per $1 spent at Restaurants and Supermarkets |
| 3X | Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels |
| 1X | Earn 1 Point per $1 spent on all other purchases |
-
Intro Offer
Earn 80,000 ThankYou® points
60,000 points
-
Annual Fee
$95
-
Recommended Credit
670-850
Excellent, Good
Why We Chose It
The Citi Premier's 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler's wallet.
Pros
- Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
- $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
- Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
- World Elite Mastercard benefits, extended warranty, damage and theft protection.
Cons
- $95 annual fee
- Lacks travel protections that other travel rewards cards come with
- For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
- Earn 3 Points per $1 spent at Restaurants and Supermarkets
- Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
- Earn 1 Point per $1 spent on all other purchases
- Annual Hotel Savings Benefit
- 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
- No expiration and no limit to the amount of points you can earn with this card
- No Foreign Transaction Fees on purchases
Source: https://thepointsguy.com/news/uber-rewards-devaluation/
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