Uber plans to issue its own credit card with Barclays

Uber has partnered with British bank Barclays to launch a credit card in the US this year.
  • Uber would be the first of the riding-sharing companies to have a co-branded credit card.
  • This is a popular way for companies to cement customer loyalty.
  • The partnership represents a unique opportunity for Barclaycard to work with a globally recognized disrupter.
  • Consumers will be able to make purchases on the credit card outside of Uber.
  • It’s not clear if there will be a reward component to the new payment method.
  • Barclaycard has been landing high-profile partners for co-branded cards in recent years, including JetBlue & American Airlines.
Source: http://bit.ly/2wmuReC

 

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