SAN FRANCISCO—Uber plans to launch its own credit card, partnering with the British bank Barclays. The ride-sharing company plans to launch the card later this year, the Associated Press reported.
As CUToday.info reported earlier, Uber is also getting into the debit card business with the launch of a debit card that is available to Uber Mexico customers.
The move to partner with Barclays would make Uber the first of the ride-sharing companies to have a co-branded credit card. The AP suggested that the card is a means to drive greater loyalty.
“Uber rival Lyft has a partnership with Delta that offers miles, though it's not via a card,” the AP stated. “No details about terms or rewards on the Uber cards were available yet, though the (Uber card) awards seem likely to go toward ride credit. Earlier this year, Uber partnered with American Express to give Platinum Card customers a $200-a-year credit toward free rides.”