Home > Credit Cards > 4 Credit Cards for Ride-Hailing Drivers

Comments 0 Comments

[UPDATE: Some offers mentioned below have expired and/or are no longer available on our site. You can view the current offers from our partners in our credit card marketplace. DISCLOSURE: Cards from our partners are mentioned below.]

These days, many adults with reliable cars and clean driving records are signing up to drive with ride-hailing services like Uber, Lyft, and Sidecar. These companies help passengers find rides using GPS and smartphone technology, allowing drivers to earn money with their own vehicles.

But fuel costs can quickly stack up. And while some ride-hailing services offer limited fuel rewards programs, those programs don’t help with everyday spending. With the right credit card, however, drivers can earn rewards or savings as they shop for gas, making their driving gig just a little more lucrative.

Here are four credit cards for ride-hailing drivers.

1. Costco Anywhere Visa Card by Citi

Rewards: 4% cash back on up to $7,000 in eligible gas purchases per year, 3% cash back on restaurant and eligible travel purchases, 2% cash back on Costco and Costco.com purchases, and 1% cash back on everything else.
Sign-Up Bonus:
None
Annual Fee:
$0 (you must have a paid Costco membership)
Annual Percentage Rate (APR):
0% for seven months on purchases, then variable 16.24% APR; variable 16.24% APR on balance transfers.

Why We Picked It: Costco members can earn great cash-back rates on gas.
For Your Fares:
With 4% cash back on eligible gas purchases (including at Costco), drivers with Costco memberships will earn a fantastic cash-back rate at the pump. Plus, cardholders earn 2% cash back on other Costco purchases, including a variety of auto goods and services to keep your ride running smoothly.
Drawbacks:
You’ll have to be a Costco member to access this card.

2. Blue Cash Preferred Card by American Express

Rewards: 6% cash back on up to $6,000 in annual US supermarket purchases, 3% cash back at US gas stations and select US department stores, and 1% cash back on other purchases.
Sign-Up Bonus: $150 bonus cash back when you spend $1,000 in the first three months.
Annual Fee:
$95
APR:
0% for 12 months both for balance transfers requested in the first 60 days and for purchases, then variable 13.99% to 24.99% APR.

Why We Picked It: You’ll earn solid cash-back rates at the pump and beyond.
For Your Fares:
You’ll get 3% cash back on gas purchases at all gas stations in the US (not including supermarkets, warehouse clubs, and other merchants that don’t primarily sell gas). There’s a nice little $150 sign-up bonus too, as well as a helpful Roadside Assistance Hotline.
Drawbacks: The card does charge a $95 annual fee.

3. Discover it Chrome

Rewards: 2% cash back at restaurants and on gas for up to $1,000 in quarterly combined purchases, 1% cash back on everything else.
Sign-Up Bonus:
Matching on all the cash back you earn in the first year.
Annual Fee:
$0
APR:
0% for 14 months for purchases (and balance transfers, with some limits), then variable 11.99% to 23.99% APR.

Why We Picked It: With 2% cash back at gas stations and restaurants and a huge sign-up bonus, this card’s initial value is strong.
For Your Fares:
You’ll get easy cash back on gas and restaurant purchases, which will help you fill up your tank and grab a meal between fares. Discover will match all cash back you earn in your first year, which supercharges the early value of the card.
Drawbacks:
Other cards offer higher cash-back rates on gas.

4. PenFed Platinum Rewards Visa Signature Card

Rewards: 5 points per dollar spent on gas at the pump, 3 points per dollar spent on groceries, and 1 point per dollar spent on other purchases.
Sign-Up Bonus:
$100 bonus statement credit for spending $1,500 within the first 3 months.

Annual Fee: $0
APR:
Variable 9.74% to 17.99% APR on purchases; 0% for 12 months on balance transfers now through September 30th, 2017.

Why We Picked It: Gas purchases earn lots of points toward travel and other rewards.
For Your Fares:
Gas purchases earn five points on the dollar, which can help you rack up points fast. Points can be redeemed for travel, gift cards, merchandise, and more.

Drawbacks: You must be a PenFed member to get this card.

How to Choose a Credit Card for Fueling Your Rides

If you’re looking for a card to help you afford your ride-hailing gig, you’re likely focused on gas expenses, so choose a card that offers strong rewards rates on gas purchases. If you’re loyal to one gas station brand, find out if that brand offers a credit card. However, you’ll want a card that isn’t tied to one company if you tend to fill up wherever’s convenient.

Don’t forget to consider the wear and tear on your vehicle, too. Choosing a card with emergency roadside assistance will help ensure you have access to support in case of a breakdown.

If you also plan to use your card for everyday purchases, pick one that rewards your other spending habits as well. Examine the rewards programs and purchase categories for each card you’re considering to choose the one that best fits your overall lifestyle.

What Credit Is Required for a Ride-Hailing Credit Card?

Cards that provide strong gas rewards often require good to excellent credit. Be confident in your chances of your approval before you apply, as a hard inquiry into your credit could lower your credit score a few points. If you aren’t sure where you stand, you can check your credit score for free at Credit.com.

Image: funduck 

At publishing time, the Costco Anywhere Visa Card by Citi, Blue Cash Preferred Card by American Express, Discover it Chrome, and PenFed Platinum Rewards Visa Signature Card cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. 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.

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other sponsored content on Credit.com are Partners with Credit.com. Credit.com receives compensation if our users apply for and ultimately sign up for any financial products or cards offered.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.



Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team