The right credit card can help you earn more rewards every time you ride with Lyft. This guide covers your best options.
Only a decade ago, people called a taxi company when they needed a ride. The same act is now as simple as hitting a few buttons on your smartphone.
Ride-share companies like Lyft make getting a ride to almost anywhere a breeze, and the service may cost a lot less than you think.
If you charge your Lyft rides to a credit card that doles out points or miles, that’s even better. In this guide, we’ll go over the absolute best credit cards to use when you ride with Lyft as well as other ways to maximize your ride-share dollars.
Best credit cards to earn rewards with Lyft
There are a handful of credit cards that can help you earn rewards each time you ride with Lyft. Here are your best options:
See related: Best cards for Uber, UberEATS
Chase Sapphire Reserve®: Best for Lyft discountsIn January 2020, the Chase Sapphire Reserve began to offer a one-year complimentary Lyft Pink membership. For a $19.99 monthly fee, Lyft Pink offers passengers 15% off all car rides, in addition to priority airport pickups, special discounts and more flexibility in cancellations, among other benefits. The Reserve is also offering 10 points per dollar on Lyft purchases through March 2022.
Besides these perks, the card comes with a 3-point-per-dollar rate on restaurants and travel, including Lyft, after the $300 annual travel credit. Speaking of the credit, it applies to most travel purchases, including rides with Lyft.
The Chase Sapphire Reserve card is one of the best travel credit cards on the market, but it also comes with a rather high price – the card charges an annual fee of $550. If you don’t travel often enough to justify the fee, you might want to look into cards that have a lower annual fee or none at all.
Here are more details:
- One-year complimentary Lyft Pink membership (a $199 value)
- 10 points per dollar on Lyft purchases through March 2022
- 3 points per dollar spent on restaurants and travel,
- $300 annual credit travel that applies to most travel purchases, including rides with Lyft
- 60,000-point sign-up bonus if you spend $4,000 in first three months
- Redeem points through the Chase Ultimate Rewards portal, and get 50% more travel for free
- Transfer points to airline and hotel partners at a 1:1 ratio
- Up to $100 Global Entry/TSA Precheck credit every four years
- Priority Pass Select membership
- $550 annual fee
Chase Sapphire Preferred® Card: Best for extra value at a lower annual fee
Similar to the Chase Sapphire Reserve, the Chase Sapphire Preferred rewards cardholders for eating out (or ordering takeout) and traveling and offers 5 points per dollar on Lyft through March 2022. The base rewards rate is lower at 2 points per dollar on dining and travel and 1 point per dollar on other purchases, but the annual fee is also lower at $95.
If you’re not ready to shell out $550 per year that the Reserve charges, the Preferred can be a better alternative. Plus, it offers a higher sign-up bonus than the Reserve – you’ll get 80,000 points after you spend $4,000 in the first three months (compare with a 60,000-point sign-up bonus if you spend $4,000 in first three months on the Reserve).
Take a look at the card details:
- 5 points per dollar on Lyft through March 2022
- 2 points per dollar spent on dining and travel
- 80,000-point sign-up bonus if you spend $4,000 in first three months
- Redeem points through the Chase Ultimate Rewards portal, and get 25% more travel for free
- Transfer points to airline and hotel partners at a 1:1 ratio
- $95 annual fee
American Express® Green Card: Best for budget-minded travelers
Another card that offers rewards for travel and transit (including ride-shares such as Lyft) is the American Express Green Card. While it doesn’t offer the luxury travel perks other Amex cards are known for, it can be a good choice for budget-minded travelers. With this card, you can get 3 points per dollar on dining, travel and transit, and 1 point per dollar on everything else. The Amex Green also comes with perks such as up to $100 in annual statement credits for LoungeBuddy purchases and up to $100 per year for CLEAR membership.
Here’s what the card offers at a glance:
- 3 points per dollar spent on travel and transit, including ride-shares
- 3 points per dollar spent on dining
- 30,000 bonus points when you spend $2,000 in the first three months
- Up to $100 per year in statement credits for LoungeBuddy purchases
- Up to $100 per year in statement credits for CLEAR membership
- $150 annual fee
Wells Fargo Propel American Express® card: Best no annual fee card for ride shares
If you’re looking for a credit card that would earn you rewards on Lyft rides and not charge an annual fee, the Wells Fargo Propel American Express* is definitely an option worth looking into.
The card earns 3 points per dollar in numerous categories, including dining out, gas stations, transit, flights, hotels, homestays, car rentals and select streaming services – and ride-shares. All other purchases earn 1 point per dollar. You can choose to redeem your rewards for flights through Go Far Rewards or statement credits.
Here’s a closer look:
- Earn 3 points per dollar on dining out, gas stations, ride-shares including Lyft, transit, flights, hotels, homestays, car rentals and select streaming services
- Earn 20,000 bonus points when you spend $1,000 on your card within three months of account opening
- Redeem for flights through Go Far Rewards
- Cash in your points for statement credits
- No annual fee
More ways to maximize rewards (and save money) when you pay for ride-sharing services
While using the right credit card can help you score more rewards each time you ride with Lyft, there are other ways to make the most of your ride-share spending. Here are some tips that can help you maximize each dollar you spend, save money and even earn airline miles:
- Connect your Lyft account with your Delta SkyMiles account. Regardless of which credit card you use to pay for your Lyft rides, you can earn Delta SkyMiles for each dollar you spend. All you are required to do is connect your Delta and Lyft accounts online. From there, you’ll earn 1 Delta mile for each dollar you spend on regular rides and 2 miles per dollar for rides to or from an airport.
- Price shop with both ride-sharing companies. The best way to spend less on ride-sharing is to make the two main companies – Uber and Lyft – compete. Download both apps on your phone and check pricing with each before you request a ride. If one ride-sharing company is significantly cheaper, they should be your obvious choice.
- Avoid surge pricing when you can. Both Uber and Lyft enact “surge pricing” in situations where demand is especially high. If you can avoid paying for a ride during a surge, you will save money over time. This is yet another reason to compare pricing on both apps before you book a ride; both ride-sharing companies may not have surge pricing at the same time.
- Refer friends and watch out for coupons. If you’re just now signing up for Lyft, make sure someone who already has the app sends you a referral code that makes your first ride free. Also note that, once you have your own Lyft account, you’ll get a free or discounted ride for each new person you refer who signs up and takes a ride. Finally, keep your eye out for special promotions and coupons you can add to your account.
To find the best cards for Lyft to share with you, we’ve compared all cards that offer benefits and perks related to ride-sharing and Lyft specifically. These cards can help you maximize your potential earnings and savings on Lyft rides, and if you use Lyft frequently, one of these products can be a great addition to your wallet.
*All information about the Chase Sapphire Preferred Card, American Express Green Card, Capital One Savor Cash Rewards Credit Card and Wells Fargo Propel American Express card has been collected independently by CreditCards.com and has not been reviewed by the issuer. Capital One Savor Credit Card is no longer available through CreditCards.com.