In 2020, we saw the introduction of a new partnership between Chase and Lyft, offering the opportunity to earn bonus points and perks. This partnership was supposed to end on March 31, 2022. Fortunately this has been extended for a further three years (at least partially), so let’s go over the details.
Earn bonus points on Lyft rides with Chase
Through March 31, 2025, select Chase credit cards are offering bonus points on Lyft rides:
- The Chase Sapphire Reserve® (review) offers 10x points on Lyft rides
- The Chase Sapphire Preferred® Card (review) offers 5x points on Lyft rides
- The Chase Freedom FlexSM (review) offers 5x points on Lyft rides
- The Chase Freedom Unlimited® (review) offers 5x points on Lyft rides
- The Ink Business Preferred® Credit Card (review) offers 5x points on Lyft rides
- The Ink Business Cash® Credit Card (review) offers 5x points on Lyft rides
- The Ink Business Unlimited® Credit Card (review) offers 5x points on Lyft rides
This represents a three year extension, which is pretty awesome. To take advantage of this, just add your eligible Chase card to your Lyft profile, and use it to pay for rides. There’s no limit on how many bonus points you can earn.
Personally I value Ultimate Rewards points at ~1.7 cents each. I use the Chase Sapphire Reserve for my Lyft rides, and I value that at a 17% return on that spending, which is pretty incredible. Keep in mind that all of the above cards can potentially earn Ultimate Rewards points that can be transfered to airline & hotel partners, thanks to the ability to combine Chase points across accounts.
What about the Chase Lyft Pink benefit?
When the partnership between Chase and Lyft was introduced, one of the perks was that Chase Sapphire Reserve cardmembers could get a complimentary one year Lyft Pink membership. Unfortunately this is not being extended — existing Lyft Pink members through this partnership won’t have their membership extended, and new cardmembers also can’t take advantage of this.
For context, Lyft Pink ordinarily costs ~$19.99 per month, so this was a $240 value. Among other things, a Lyft Pink membership offers perks like 15% off unlimited car rides, a relaxed cancelation policy, waived lost and found fees, and more.
Of course it would have been nice if this were extended, but there was no reason to expect that it would be.
This partnership has changed my behavior
When it comes to these types of partnerships, I think there are often questions about how well they actually work when it comes to influencing consumer behavior in the long run. Is Lyft just giving something away to Chase cardmembers for free, and then once that free trial period is over, people go back to their old behavior?
I can only speak for myself, but this partnership has definitely changed my behavior:
- Before the partnership was introduced I almost always used Uber, while now I almost always use Lyft
- I’ve just generally found Lyft to be a friendlier platform, I’ve found the pricing to be competitive (and often better), and then you add in the 10x points I’m earning with the Chase Sapphire Reserve
- I haven’t paid to renew my Lyft Pink membership since I’m not doing that much ridesharing at the moment, but I’d absolutely consider renewing it in the future if my patterns change
Don’t forget to earn other rewards for your Lyft rides
As a general reminder, Lyft also has partnerships with Delta SkyMiles and Hilton Honors, so members can earn bonus rewards with their choice of one of those two programs:
- Hilton and Lyft have a partnership offering 3x Hilton Honors points per dollar spent on US Lyft private rides, and 2x Hilton Honors points per dollar spent on US Lyft shared rides, on up to $10,000 of spending per year
- Delta and Lyft have a partnership offering 2x Delta SkyMiles per dollar spent on US airport rides and 1x Delta SkyMiles per dollar spent on all other US Lyft rides
Personally I think the Hilton partnership is more lucrative for non-airport rides, given that I value three Hilton points at more than one Delta mile. Also make sure you’re using the best credit cards for Lyft rides.
The partnership between Chase and Lyft has been extended in a limited capacity. The good news is that select Chase cardmembers can continue to earn 5-10x points per dollar spent with Lyft, all the way through March 31, 2025. Unfortunately the Lyft Pink membership for Chase Sapphire Reserve cardmembers hasn’t been extended.
Has the Chase & Lyft partnership changed your ridesharing behavior?