[2020] New Lyft Benefits Deliver More Value for Chase Credit Cardholders

Editor's note: This offer ended March 31, 2022. You can still get more value from your Lyft by checking out these best credit cards for Lyft rides.

Chase recently analyzed how its credit card customers are spending and found that more and more cardholders are swiping for rideshare services. Armed with this knowledge, Chase has partnered with Lyft to deliver more value for using Chase cards to pay for rideshare services. Cardholders that belong to this group would likely benefit from using one of the best rewards credit cards that offers ridesharing discounts. 

If you have certain Chase credit cards, you may be able to earn more points and get exclusive discounts with Lyft. This quick-reference guide explains these new benefits and how Chase cardholders can take advantage of them.

What are the new Lyft benefits for Chase cardmembers?

Chase Sapphire, Freedom, and Ink business cardholders are able to earn up to 5% cash back or up to 10X points every time they use their credit cards to pay for a Lyft trip through March 2022. And if you’re a Chase Sapphire Reserve^® cardholder, you can also get a full year membership for Lyft Pink.

With Lyft Pink, you get 15% off on your Lyft rides, priority airport pickups, special offers, relaxed cancellations, waived lost-and-found fees, and three free 30-minute bike or scooter rides per month. Typically, membership costs $19.99 a month; however, Chase Sapphire Reserve cardholders will now get one year of Lyft Pink for free.

Which Chase cards come with Lyft benefits?

Chase’s Lyft benefits only apply to specific cards. Here is a look at each eligible card and what benefits you can get from Lyft for using your card.

How to start earning Chase rewards with Lyft

Getting your rewards from this new Lyft partnership is easy. First, make sure that your eligible Chase card is connected to your Lyft account and set as your preferred method of payment. If you use multiple Chase cards to pay for ridesharing, consider linking each to your Lyft account so you can earn rewards for every ride you take.

Second, make sure your Lyft app is up to date. If you’re using an outdated version of the Lyft app, it may not correctly apply the benefit to your rides. Finally, simply choose Lyft for your rideshare needs. Going with Lyft enables you to get dual benefits: you get where you need to go and earn rewards at the same time.

And if you have the Chase Sapphire Reserve, you also get to enjoy the perks of a Lyft Pink membership. You have until March 2022 to activate your free 1-year membership. Just set your Chase Sapphire Reserve as your default payment method in the app and you'll see instructions for how to activate your membership.

FAQs about Chase and Lyft

The final word on Chase’s new Lyft benefits

The rideshare market has boomed worldwide, thanks to demand by travelers like you. If you find yourself scheduling rides several times a week, whether as a way of getting around the city you live/work in or due to frequent travel, Chase’s new Lyft benefits could translate into significant rewards.

And using this new program is really simple. You don’t have to sign up or register anywhere (unless you don’t already have a Lyft account). Just open the Lyft app, schedule your ride, then pay with your Chase card, and you’re good to go.

Great for Flexible Travel Rewards

Chase Sapphire Preferred^® Card

4.9

FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.

Chase Sapphire Preferred^® Card

Apply Now

Current Offer

Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.

Annual Fee

$95

Rewards Rate

5X points on travel purchased through Chase Travel℠; 3X points on dining, select streaming services, and online groceries; 2X points on all other travel purchases, and 1X points on all other purchases

Benefits and Drawbacks

Benefits

• Generous welcome offer valued at up to $1,050 when redeemed via Chase Travel
• High rewards on dining and bookings via Chase Travel
• 25% more value when redeeming points for travel through Chase Travel
• Up to $50 in annual statement credits for hotel stays booked through Chase Travel
• Receive valuable travel protections like trip delay reimbursement and primary rental car insurance

Drawbacks

• Has a $95 annual fee
• Doesn’t offer airport lounge access or premium travel perks like Global Entry or TSA PreCheck credit
• Doesn't offer bonus points on gas or in-person groceries purchases

Card Details

• Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• Member FDIC