Uber's new credit card features higher cash back and rewards than many premium offerings from banks - and a privacy policy stating that Uber can receive and use your transaction data, as well as share it with "financial or retail partners”.
An Uber representative assured me that the company isn’t doing anything like that at the moment, and isn’t even receiving individual-level data from Barclays. But the company has plenty of incentive to exercise its right to do so in the future. With individual-level transaction data, Uber could, for example, use cardholders’ dining-purchase histories to recommend restaurants on UberEats. Even more valuable would be access to information about cardholders’ use of competing ride-share platforms and other modes of transport. Some people might consider exposure of transaction information to be an invasion of their privacy – but of course nobody’s forcing them to sign up. And we know that lots of consumers are perfectly willing to exchange data for convenience and a little bit of cash; they might not notice where Uber could be heading and might not care if they do.
https://www.bloomberg.com/view/articles/2017-12-06/uber-really-wants-you-to-use-its-credit-card