Uber One Is Dropping Its 5% Discount for This New Perk

Rideshare services like Uber can add convenience to your life if you don't have a car or take frequent business trips. If you use Uber often, you may even be an Uber One subscriber. The program recently went through some changes, though, and it's good to keep abreast of changing perks. Here's what you need to know.

The Uber One 5% discount on eligible rides is no more

One benefit that Uber One subscribers enjoyed was the 5% discount on all eligible rides. For frequent riders, the discount offered significant savings. However, this particular discount is no longer a perk. Instead, Uber One subscribers will now earn 6% Uber Cash on eligible rides. You can spend Uber Cash on Uber and Uber Eats.

While this new perk still provides value to frequent Uber riders, it may disappoint subscribers who prefer an instant ride discount. If you enjoyed this perk, you'll need to decide if investing in an Uber One membership is still worth it. For some subscribers, the delayed satisfaction of earning cash back may no longer be worth it when considering the $9.99 monthly price tag.

Other valuable Uber One benefits wills remain the same

Many Uber One benefits that you're used to aren't going away. Subscribers will continue to enjoy $0 delivery fees on eligible Uber Eats orders. Additionally, the 10% discount on eligible Uber One orders from participating restaurants will remain a subscriber benefit. Uber One users will also continue to see members-only pricing on eligible rides.

You can still benefit from the program if you frequently take Uber rides or make Uber Eats orders. However, you may want to ditch your paid membership if you don't use either service all that often or otherwise no longer find the benefits useful. By canceling your subscription, you'll have more money left in your checking account to cover other necessary expenses.

How to become an Uber One subscriber for free

Here's some good news: you may be eligible for a free Uber One subscription. Some credit card issuers provide free subscriptions to cardholders as a perk. In this case, you may qualify for a complimentary Uber One subscription if you have one of the best Capital One credit cards in your wallet. Review your credit card's benefits so you don't miss out on this free benefit, because using all available perks is an excellent way to maximize the value of your card.

Be aware of your spending to avoid wasting money

Ongoing benefit changes are an excellent reminder to stay on top of your paid subscriptions and memberships. Programs like this can change over time and may become less valuable, and you could end up paying for subscriptions that no longer serve you. By carefully reviewing your finances at least a few times each year, you can avoid overpaying for unnecessary expenses.

If life has gotten busy and you haven't taken a closer look at your purchase habits, you may be wasting your hard-earned money. Now is an ideal time to review your finances. If you're unsure where all your money is going, you can use budgeting apps to track your spending to see what financial changes you should make. It's never too late to improve your personal finances.