The card is an expansion of Uber’s Uber Pro loyalty program for drivers. Drivers who reach a higher status in the program receive more cash back on gas purchases, according to the press release. The lowest-level members receive a minimum of 2% cashback. The program includes a “business checking account,” though it is not clear what differentiates this from a standard checking account. Workers can choose to deposit their earnings from individual rides into their accounts as soon as the rides are over.

Uber Eats began levying a $0.35 to $0.45 fuel surcharge on customers in March to offset some of the impact of spiking gas prices. DoorDash and Grubhub began offering relief on gas payments for drivers that same month. ASAP, previously branded as Waitr, added a gas card in March that offered drivers 5% off at most major gas stations.

The instant pay also fits into a broader trend predating the COVID-19 pandemic. As early as 2019, fast-food restaurants were experimenting with instant pay to boost retention. This tendency continued through the tight labor market of the last few quarters, with Sbarro adding instant pay in March, and Grubhub adding an instant pay option for delivery drivers in June.

By Aneurin Canham-Clyne on Oct 7, 2022
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