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