Scott Duke Kominers, Columnist

Uber Really Wants You to Use Its Credit Card

Read the privacy policy. It just might explain why there's so much cash back.

December 6, 2017 at 10:00 AM UTC

Scott Duke Kominers is the MBA Class of 1960 Associate Professor of Business Administration at Harvard Business School and a faculty affiliate of the Harvard University department of economics.

They want to pay you.
Photographer: David Paul Morris/Bloomberg

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Earlier this month, Uber followed in the footsteps of hotels and airlines by introducing its own credit card.1512481524458 The card is issued by Barclays and is targeted at millennials. It gives cardholders 4 percent cash back on restaurant purchases, 3 percent on travel, 2 percent on ride shares and other internet purchases, and 1 percent on everything else. There are no annual or foreign transaction fees, and there’s a $100 signing bonus.1512481476971

That’s a lot of cash back!