Capital One and Uber Partner to Bring Simplicity and Savings to Customers

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Apr 21, 2015, 09:00 ET

MCLEAN, Va., April 21, 2015 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) and Uber announced today a unique new partnership that offers Capital One cardholders and Uber riders simple new ways to save. This partnership brings together the common focus that both companies have on creating products and experiences that seamlessly deliver value and make people's lives easier.

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Starting today, Quicksilver cardholders will receive 20 percent back as a statement credit on all Uber rides through April 2016 when they pay using their Quicksilver or QuicksilverOne card. This couldn't get any easier – just use a Quicksilver card within the Uber app for payment and get 20 percent back as a statement credit, with no enrollment required.

Additionally, for a limited time, any eligible Capital One cardholder who is new to Uber will receive their first two rides free, up to $30 per ride.

"Capital One remains focused on delivering value to our customers through convenient and innovative digital solutions that make their lives easier," said Todd Kennedy, Senior Vice President, US Card, Capital One. "This partnership is a great opportunity to further save our cardholders time and money by helping make the Uber experience more rewarding."

In keeping with Capital One and Uber's focus on simplicity and convenience, the Quicksilver offer does not require any additional sign-up or registration. Capital One Quicksilver cardholders will get a 20 percent statement credit on all rides through April 2016, in addition to the unlimited 1.5 percent cash back they already earn on every purchase with Quicksilver.

"We're thrilled to partner with Capital One, a company that shares our vision of creating elegant, simple solutions to meet important consumer needs," said David Richter, Vice President, Strategic Initiatives, Uber. "Together, we'll provide a meaningful combination of savings and convenience to millions of customers."

This is the latest example of how Capital One is focused on putting the customer first by simplifying everyday activities to save time and money. From the Capital One Wallet to Credit Tracker, making the customer experience easy and intuitive is always a top priority. To learn more about how to save with Capital One and Uber, visit www.capitalone.com/uber.

More About the Capital One/Uber Partnership Offer

With the Quicksilver offer, cardholders get 20 percent back on all Uber transactions through April 30, 2016. There is no need to sign up or register – just use a Quicksilver card for Uber payment and get 20 percent back as a statement credit. Even riders using the "split fare" option will receive 20 percent back on their share if paid with a Quicksilver card.

To take advantage of the "first two rides free" promotion, customers who are new to Uber can set up an Uber account or access their existing account, enter the code CAPITALONE by June 30, 2015, then pay with their eligible Capital One card to claim their free rides (up to a $30 USD value per ride). Cardholders will then have until April 30, 2016 to redeem both free rides. This offer can only be used domestically and is not available for corporate cardholders or private label cardholders. This offer is also not applicable to UberTAXI rides.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N. A., had $205.5 billion in deposits and $308.9 billion in total assets as of December 31, 2014. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

About Uber

Uber is a technology platform that is evolving the way the world moves. By seamlessly connecting riders to drivers through our apps, we make cities more accessible, opening up more possibilities for riders and more business for drivers. From our founding in 2009 to our launches in over 300 cities today, Uber's rapidly expanding global presence continues to bring people and their cities closer.

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SOURCE Capital One Financial Corporation