Uber Drives Cashback Rewards For Capital One

Uber has already gained a reputation for offering consumers cheaper cab options, but as of yesterday (April 21), the ride-hailing company secured a partnership to help some riders earn cash back.

Uber and Capital One officially announced a deal between the two companies that allows Capital One cardholders to receive 20 percent back on their credit statements on all Uber rides for the next year. This deal is offered through the Quicksilver or QuicksilverOne card, and doesn’t required specific enrollment from the cardholder. For Capital One cardholders who are new to Uber, they will also receive two free rides (up to $30 per ride).

“Capital One remains focused on delivering value to our customers through convenient and innovative digital solutions that make their lives easier,” Todd Kennedy, Senior Vice President of U.S. Cards for Capital One, said in a news release. “This partnership is a great opportunity to further save our cardholders time and money by helping make the Uber experience more rewarding.”

This first-of-its kind deal with Uber and a card issuer brings the consumer ways to save on both ends of the transaction, and adds another layer of seamless delivery when it comes to the Uber payments experience.

“We’re thrilled to partner with Capital One, a company that shares our vision of creating elegant, simple solutions to meet important consumer needs,” David Richter, Vice President of Strategic Initiatives for Uber, said in the news release. “Together, we’ll provide a meaningful combination of savings and convenience to millions of customers.”