[Update: Some offers mentioned below have expired. You can view the current offers from our partners here — Capital One Quicksilver and Capital One QuicksilverOne. Disclosure: Cards from our partners are mentioned below.]
For decades, Americans have earned travel rewards from airlines, hotels and even rental car companies through credit card partnerships and loyalty programs. Now ride-sharers are reaping the perks, too.
Capital One and Uber announced today that they are offering Capital One Quicksilver and QuicksilverOne cardholders the opportunity to earn free rides up to $15 through March 2017.
How the Promotion Works
Starting today, these eligible cardholders will earn a free Uber ride worth up to $15 on every tenth ride. To participate in the promotion, they’ll need to use their Quicksilver or QuicksilverOne card to pay for their rides — no enrollment in separate programs is necessary. The Uber app will then show customer’s progress towards earning a free ride and indicate when one is available.
From there, it’s up to customers to decide when to use their free ride. They might wish to maximize its value by using it for a trip that they know will cost at least $15, and avoid using it when their ride will be reimbursed by an employer or client, for instance.
The promotion runs through March 2017, and there is no limit on the number of free rides cardholders can earn. Free rides can be applied to any Uber trip taken through April 30, 2017.
In addition, all Capital One credit card and debit cardholders are eligible to receive a credit of up to $30 toward their first Uber ride when they use the promo code CapitalOne30 when registering between now and July 31, 2016.
Capital One has partnered with Uber before. Back in April 2015, the issuer announced Quicksilver and QuicksilverOne cardholders could qualify for a 20% statement credit when paying for Uber rides with their card through April 2016.
Other issuers, too, have offered Uber perks. Chase credit cardholders, for instance, can currently get a their first Uber ride for free (up to $30) when they use their card to sign up for an account (the ride must be taken by December 31, 2016). And American Express offers cardholders 2x the membership rewards on Uber rides when they use their cards to enroll.
Credit Card Rewards 101
Discount, freebies, points, miles and other credit card perks are certainly enticing, but it’s important to always read the terms and conditions carefully before you go ahead and apply for any credit card to make sure it’s right for you.
Remember, too, rewards credit cards work best when you don’t carry a balance — otherwise, all those free rides, for instance, will be lost to interest. Plus, any high balances you run up in an attempt to earn rewards can wind up hurting your credit, particularly if it takes some time to pay them off. (You can see where you currently stand by viewing two of your credit scores, updated each month, for free on Credit.com.)
At publishing time, the Capital One Quicksilver and QuicksilverOne cards as well as Chase and American Express products are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for them. However, this relationship does not result in any preferential editorial treatment.
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
Image: Michael Krinke