Unlock Extra Rewards with Chase and Lyft
Back in good ol’ 2020, Chase and Lyft shook hands on a deal that let cardholders rack up bonus points and revel in perks. As is the nature of these things, the deal was temporary and was scheduled to end on March 31, 2025.
But wait! There’s been a plot twist — the partnership is getting a few more years added to its calendar, but don’t pop the champagne just yet. With the extension comes a mixed bag of updated benefits. Let’s dive into the juicy details.
New Chase and Lyft Rewards: The Goodies
Brace yourselves, ride-sharers, because from April 1, 2025, to September 30, 2027, Chase cardholders can look forward to some nifty perks on their Lyft journeys. Here’s the lowdown:
- The Chase Sapphire Reserve® dishes out 5x points on Lyft rides, plus a $10 monthly credit (sadly, no love for Wait & Save, bikes, and scooters).
- The Chase Sapphire Preferred® Card rolls out 5x points on Lyft rides.
- With the Ink Business Preferred® Credit Card, it’s 5x points on Lyft rides.
- The Ink Business Cash® Credit Card also steps up with 5x points on Lyft rides.
- Ink Business Unlimited® Credit Card follows suit, offering 5x points on Lyft rides.
- Chase Freedom FlexSM and Freedom Unlimited® members get 2x points on Lyft rides.
To get in on this, you just need to attach your Chase card to your Lyft account, use it for your rides, and presto — bonus points will show up in your Chase account. The best part? There’s no cap on the points you can earn. And when it comes to the Chase Sapphire Reserve, expect that sweet $10 credit to automatically make an appearance in your account.
What’s Changed in the Chase-Lyft Deal?
- The Chase Sapphire Reserve is dropping from 10x points to 5x points; Chase Freedom products are sliding from 5x points to just 2x points.
- No more Lyft Pink membership with the Chase Sapphire Reserve. Sad face!
I reckon my Val Seny ski resort routine might miss the extra points boost. Still, I peg my Ultimate Rewards points at around 1.7 cents each, so this shake-up, while not ideal, still leaves room for some juicy points action.
How This Partnership Revved Up My Rideshare Habits
You might wonder, do these partnerships genuinely sway our everyday decisions, or is it just a freebie bonanza that fizzles out when the perks vanish? I’d say in my case, it definitely made a mark:
- Pre-partnership, I was an Uber loyalist; now, Lyft is my frontline ally.
- Lyft wins my heart not just for the points but because it’s often more wallet-friendly, and, let’s face it, friendlier.
- In cities like Miami, splurging on premium rides through Lyft costs considerably less than Uber. Yay savings!
- The loss of Lyft Pink is a downer, but for me, the $10 credit still holds decent appeal.
Don’t Forget Bonus Rewards the Other Way
If you’re whizzing around with Lyft, remember you’re not only stuck with Chase. Lyft has cozied up with Alaska Mileage Plan, Bilt Rewards, and Hilton Honors. So, you can cherry-pick one of these sweet partners for bonus rewards:
- Alaska Mileage Plan dishes out 1x miles per dollar on US/Canada rides.
- Bilt Rewards rockets up 2x points per dollar on US rides.
- Hilton Honors offers 3x points per dollar on US Lyft private rides, with a ceiling of $10,000 spend annually.
In my book, the Bilt partnership might just take the crown for value, but don’t overlook Alaska and Hilton—they pack a serious punch too. Just make sure you’re swiping the right credit cards for all your Lyft escapades!
Bottom Line
The saga of Chase-Lyft lives on until September 30, 2027, with some shifting sands from April 1, 2025. Expect less bang for your buck as the Chase Sapphire Reserve downgrades from 10x to 5x points and swaps Lyft Pink for a $10 monthly credit. Meanwhile, Chase Freedom cards are downscaling from 5x to 2x points. But, hey, at least a few things remain unscathed.
What’s your take on the revamped and extended Chase-Lyft camaraderie?