I was in Las Vegas this week and used Uber several times.
Thanks to The Platinum Card® from American Express and American Express® Gold Card, I had $25 total in Uber Cash deposits this month. And I used all $25 getting from the airport to Bellagio. (Read more about this benefit. Enrollment required.)
But I charged the cash balance and the rest of my other Uber rides to my Chase Sapphire Reserve.
The Chase Sapphire Reserve earns 3X Ultimate Rewards points on travel purchases — such as ride-sharing services. (In fact, it offers a big bonus on Lyft purchases — more on that in a minute.)
The Platinum Card® from American Express and American Express® Gold Card both offer just one Membership Reward point per dollar spent on ride-sharing, as it’s a non-bonused spending category. That’s remarkable (at least to me) because both cards offer monthly, if-used Uber Cash deposits for cardholders:
- The Platinum Card® from American Express
- $15 each month from January through November. $35 in December. (Total of $200 a year. Enrollment required.)
- American Express® Gold Card
- $10 each month (Enrollment required.)
I’m certainly not complaining about the Uber Cash benefits. And I have several credit cards that earn more than 1X on each dollar spent.
But I find it odd that the Amex cards don’t offer an exclusive bonus category for Uber purchases. After I use the Uber Cash deposits, there’s no incentive for me to charge future rides (at least for the month) to my Platinum or Gold Amexes.
As sort of a counterpoint, Chase partnered with Lyft to offer complimentary, one-year Lyft Pink memberships to some cardholders — and a minimum of 5X on Lyft rides through March 2022. (Chase Sapphire Reserve cardholders earn a whopping 10X on Lyft purchases through March 2022!)
It remains to be seen if Lyft and Chase will extend the bonus earnings past March. I wouldn’t be surprised. (Then again, nothing should really surprise us in the points-miles-travel world.)
Now that travel is picking up, I’d love to see Amex offer more bonus points for purchases. Especially with their partners like Uber.
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