Uber, the ride-hailing company, announced news on Tuesday (April 3) of the launch of its Uber Visa Debit Card from GoBank.
In a blog post, Uber said the debit card is designed exclusively for drivers and delivery partners and rewards everyday spending on gas and groceries. The card requires no minimum balance, no overdraft fees and no setup, monthly or annual fees.
With the new payment card, Uber drivers can opt-in and earn exclusive discounts or cash back on gas, groceries and driving expenses. Some of those perks include 3 percent cash back at Exxon and Mobil gas stations when drivers use their PIN at the pump, 1.5 percent cash back at all other gas stations and 2 percent cash back at Walmart for in-store and online purchases. Cardholders can also get a 15 percent discount on select automotive maintenance services at Jiffy Lube, 10 percent cash back for auto part purchases at Advance Auto Parts and participating Carquest Auto Parts locations and 8 percent cash back when they use the card to pay their monthly Sprint bill and on purchases in Sprint stores.
Other Uber Visa Debit Card perks include 24/7 roadside assistance from Urgent.ly, covering tow, tire change and other fixes for $0.49 a month with sign-up; free withdrawals at tens of thousands of ATMs nationwide and the ability to cash out earnings on Instant Pay for free up to five times a day.
“People tell us they drive with Uber to earn on their own terms. The Uber Visa Debit Card and checking account offers a simplified banking solution that helps people who partner with Uber keep more of what they earn and earn more for what they spend — on and off the road,” the company said.
Uber isn’t the only ridesharing firm rolling out a branded debit or credit card. The Wall Street Journal reported last summer that Lyft, Uber’s rival, is also working on launching a credit card.
