Effective July 14 Capital One Venture and VentureOne will earn 5 miles per dollar on Uber Eats orders, while Capital One Savor and SavorOne will earn 5% cash back on orders.
- The increased earning is tied to Uber Eats charges to the payment card. That means you earn the elevated return even when using coupons, and you can stack with other deals (like going through a shopping portal and placing your Uber Eats order).
- It also means that Uber Eats needs to be the merchant of record, so if you pay through a third party such as a digital wallet that charges your Capital One card and the third party appears as the merchant you won’t generate the higher return.
- Through September 30 Venture and VentureOne lets you redeem points for food delivery services. And since you’re redeeming points after the fact for a statement credit you can earn 5x on your spend, and then redeem those miles against teh same transaction.
- 5x earning with Uber Eats only lasts through January 31, 2021. That – combined with the fact they aren’t bonusing food delivery services generally – tells me they have a marketing agreement with Uber Eats and that agreement has a fixed end date. Uber Eats must be partially funding the bonus earning. Capital One also describes the new increased earning at “partnering with “Uber Eats.”
It’s also interesting to see Uber entering into a marketing deal with Capital One, since Barclays issues the Uber Visa – though of course that card isn’t even available to new customers right now.