Lyft partnership expansion by Chase, resulting in reduced earning rates for specific cards

Lyft partnership expansion by Chase, resulting in reduced earning rates for specific cards

Starting April 1, eligible Chase cardholders will enjoy revised earning rates on Lyft rides. The partnership between Chase and Lyft, which already offers exclusive perks to cardholders, continues but may change in the future.

The benefits for different Chase cards are as follows:

1. Chase Sapphire Reserve®: Cardholders will receive a $10 monthly Lyft credit, equivalent to $120 annually. While the earning rate on Lyft purchases drops from 10 to 5 points per dollar, the reduced rate still yields a 10.25% return, thanks to the valuation of Chase Ultimate Rewards points. Sapphire Reserve cardmembers who have already secured a two-year complimentary Lyft Pink All Access membership will maintain that benefit. However, this offer is not available for new members.
2. Chase Sapphire Preferred® Card: You'll earn 5 points per dollar spent on Lyft rides, resulting in a 10.25% return based on points valuation.
3. All Ink business cardholders—including those with the Ink Business Premier® Credit Card, the Ink Business Cash® Credit Card, the Ink Business Unlimited® Credit Card, and the Ink Business Preferred® Credit Card—can continue to earn 5 points per dollar spent on Lyft rides.
4. Cardholders of Chase Freedom Card (no longer available to new applicants), Chase Freedom Flex®, Chase Freedom Unlimited®, Chase Freedom Rise, and Chase Freedom® Student card, will see their earning rate decrease from 5% cash back to 2% cash back on all Lyft rides.

It's worth noting that Lyft's long-standing partnership with Delta Air Lines is set to change, with Delta starting a partnership with Uber. Earnings rates for the new partnership have yet to be announced. In the meantime, those who link their Delta SkyMiles and Lyft accounts can still earn 1 mile per dollar spent on Lyft rides in the U.S. until April 7.

For more details on linking your accounts and maximizing your benefits, refer to this guide: https://thepointsguy.com/guide/linking-your-lyft-and-chase-accounts/

Related Readings:

• A guide to Lyft benefits as a Chase Sapphire Reserve cardholder
• Frequent Uber or Lyft user? These are the best credit cards for you
• How to use your American Express Uber credits for rides and meals

1. Cardholders of the Chase Sapphire Reserve® will continue to enjoy a $10 monthly Lyft credit, equivalent to $120 annually, as well as earn 5 points per dollar spent on Lyft rides, providing a 10.25% return based on points valuation.
2. The Chase Sapphire Preferred® Card also offers 5 points per dollar spent on Lyft rides, yielding a 10.25% return based on points valuation.
3. Ink business cardholders, including those with the Ink Business Premier® Credit Card, Ink Business Cash® Credit Card, Ink Business Unlimited® Credit Card, Ink Business Preferred® Credit Card, can continue to earn 5 points per dollar spent on Lyft rides.
4. However, for Chase Freedom Card, Freedom Flex®, Freedom Unlimited®, Freedom Rise, and Freedom® Student cardholders, the earning rate on all Lyft rides will decrease from 5% cash back to 2% cash back.
5. Additionally, those who link their Delta SkyMiles and Lyft accounts can still earn 1 mile per dollar spent on Lyft rides in the U.S., before April 7, even though the partnership between Lyft and Delta Air Lines is about to change.

For more information on linking your accounts and maximizing your benefits, consult this guide: https://thepointsguy.com/guide/linking-your-lyft-and-chase-accounts/

If you're a frequent Uber or Lyft user, these credit cards might be beneficial for you: a guide to Lyft benefits as a Chase Sapphire Reserve cardholder, and How to use your American Express Uber credits for rides and meals.

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