Capital One Adds Limited-Time Uber Eats Benefit to Venture, Savor Cardholders
Even as the credit card industry seemingly grows a little more cautious amid the coronavirus pandemic, many issuers are finding clever ways to add value for their customers. This is something we’ve recently seen with Amex as they’ve not only unveiled temporary credits for certain cards but also rolled out a special Shop Small offer. Now, Capital One is getting in on the action, striking a deal with Uber Eats that will bring limited-time earning opportunities to Venture and Savor cardholders.
For those with Venture cards, Uber Eats purchases will earn 5x miles now through January 31st, 2021. Similarly, Savor cardholders will get 5% back on such orders. What’s really nice is that this offer also extends to the no annual fee versions of these cards, the VentureOne and SavorOne. As luck would have it, I just so happen to have the SavorOne card in my wallet.
In my particular situation, the addition of this perk fits really well into my card set-up. As it stands, I’ve been using the $15 a month credit from my American Express Platinum card for Uber Eats and putting the rest of the order balance on my Uber Credit Card. While that already offers 5% back, the difference is that the SavorOne currency converts to real cash whereas the Uber card now only offers Uber Cash. Therefore, this seems like a nice limited-time upgrade.
By the way, if you don’t already have one of these cards and happen to order a lot of Uber Eats, the SavorOne card could be a strong choice in my opinion. Not only does it include 3% back on dining and entertainment (in addition to the temporary 5% on Uber Eats) but also has a super achievable initial spending bonus: $150 back after you spend $500 in your first three months. And, as I mentioned, this incarnation of the card also carries no annual fee, making this easier all around.
Of course, I do feel compelled to mention that, while delivery options like Uber Eats can be convenient, they can also be quite expensive. As a result, ordering in just to get 5% back is likely a losing proposition. However, some Uber Eats restaurants now offer pick-up options that are a much better value in my experience #protip.
At the end of the day, partnerships like this one between Capital One and Uber Eats are all-around wins. For the card issuer, it’s an easy way to pass value onto cardholders and, for the partner brand, it’s an opportunity to promote their services. Meanwhile, those who are already ordering Uber Eats benefit by earning some extra cash back or miles. So, if you’re a food delivery fiend, you may want to take advantage of this offer while it lasts.