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Uber has a few partnerships with different companies. To me, the most interesting one is their partnership with Starwood, as you can earn bonus Starpoints for Uber rides.
However, from April 2015 until April 2016, Uber had a pretty awesome partnership with Capital One. Those with the Capital One Quicksilver or Capital One Quicksilver One could receive 20% of the cost of their Uber rides back as a statement credit, as long as they were charged in USD. There were no limits, so it was essentially a way to get a 20% discount on all Uber rides.
I didn’t sign-up for a Capital One card, since I didn’t see much value in the card otherwise, and didn’t want a credit inquiry just for the Uber discount (though now that I look at how much I’ve spent on Uber in the past year, maybe I should have).
While the 20% statement credit promotion has ended, it looks like Uber and Capital One have partnered to form a loyalty program. I wrote in the past about Uber testing out a loyalty program concept in Los Angeles, though it was of limited use. This partnership has the potential to be a lot more interesting.
Get every 10th ride free with Uber
Through this partnership, those with the Capital One Quicksilver or Capital One Quicksilver One will receive every 10th ride free, up to $15. This is in addition to the 1.5% cashback offered by the cards. The basic details are as follows:
- You need to pay for your rides with a linked Capital One Quicksilver or Capital One Quicksilver One in order to be eligible
- Once you pay for nine rides with your Capital One card, you’ll automatically see a free ride added to your account, up to $15 (you can use it for any rides you want, so that it can be maximized)
- Only valid for Uber rides in the US, excluding uberTAXI (uberPOOL, uberX, uberBLACK, etc., are eligible)
- You can earn free rides through March 31, 2017, and can redeem free rides through April 30, 2017
The degree to which you find this promotion valuable is highly dependent on your Uber behavior. For example, in Los Angeles the minimum fare with uberX is $5.15, so if you’re usually taking short rides, you can potentially get a $15 free ride after spending ~$45.
On the other end of the spectrum, if you’re usually taking $50 uberBLACK rides around town, you’ll have to spend $450 to get a return of $15, which is (obviously) much less rewarding.
Regardless, this is a no brainer for Capital One customers, since you’re not really giving anything up by taking part in this program.
Get $30 off your first Uber ride
On top of the new loyalty program, any customer with a Capital One card issued in the US who hasn’t used Uber before can get $30 off their first Uber ride by using promotion code CAPITALONE30 by July 31, 2016. This promotion isn’t limited to those with the Capital One Quicksilver or Capital One Quicksilver One, but rather any US-issued Capital One card is eligible.
This seems like a great, straightforward way to reward Capital One customers. I don’t have the Capital One Quicksilver or Capital One Quicksilver One, though in retrospect I should have probably picked one up last year, given that I would have saved a lot by getting a 20% statement credit on all my Uber purchases.
This isn’t quite as generous, though at the same time if Uber is going to have a long term partnership with Capital One, maybe it does make sense to pick up one of these cards, since I don’t see myself not using Uber anytime soon.
Has anyone picked up a Capital One card as a result of their partnership with Uber?