If you’re planning to use a ride-booking service to and from the airport this holiday season, you may want to check your Chase credit card for a new benefit.
But even if you don’t have the premium travel credit card in your wallet, you may still be able to earn some bonus rewards by using your Chase credit card to make Lyft purchases.
In this article, I’ll look at the sweet new offer for Sapphire Reserve cardholders and also fill you in on the other Chase credit cards that get a bonus for Lyft purchases.
Chase Sapphire Reserve Customers Get Lyft Pink All Access for Free
Chase Sapphire Reserve cardholders are already getting 10x points for Lyft purchases through March 2025.
They now also have access to a complimentary membership to Lyft Pink All Access for two years as well as the option to continue the subscription at a 50% discount for their first year of paid subscription after the two-year benefit expires.
This subscription, which costs $199 per year, is the top membership tier Lyft offers.
To claim this offer, you must activate the Lyft benefit through your Chase account. So make sure you do that before trying to buy a membership or book your next ride.
The promotion began on November 15, 2022, and you have until December 31, 2024, to claim it.
What Does Lyft Pink All Access Offer?
So, great! You now have the option to use Lyft Pink All Access. You may be wondering what means.
The short version: faster pickups and cheaper rides. But it goes beyond that. You’ll also get food delivery perks, car rental upgrades and unlimited bike and scooter rentals.
Here’s a full rundown of the benefits as listed in a news release from Lyft:
- Free Priority Pickup upgrades to get picked up faster
- Member-exclusive pricing including 10% off all Lux rides
- Cancellation forgiveness, cancel up to 3 times per month for free
- In-app roadside assistance for your own car, free up to 4 times a year
- Free Grubhub+ for one year
- Free SIXT car rental upgrades
- Free, unlimited 45-min classic bike rides
- Free unlimited ebike and scooter unlocks
- Discounted ebike and scooter rates
- 3 bike or scooter guest passes per year
- A 50% discount off their 3rd year of Lyft Pink All Access membership
Other Chase Credit Cards Still Earn Bonus Rewards for Lyft Purchases
If you don’t have the Reserve card (and don’t plan to get one), you still can enjoy a Lyft benefit with other Chase credit cards.
Chase has a previously-announced agreement with Lyft that creates bonus rewards earning opportunities for using your card to pay for Lyft purchases.
This benefit, which runs through March 2025, allows you to earn 5x points or 5% cash back when you use a qualified card for Lyft purchases. The Sapphire Reserve, mentioned above, earns 10x points. You can read more about the benefit here.
Here’s a quick rundown of the cards that carry this benefit:
Chase Cards That Earn 5x Points on Lyft Purchases
- Chase Sapphire
- Chase Sapphire Reserve (10x points)
- Chase Sapphire Preferred
- Chase Ink Plus
- Chase Ink Business Preferred
Chase Credit Cards That Earn 5% Cash Back on Lyft Purchases
- Chase Freedom
- Chase Freedom Unlimited
- Chase Freedom Flex
- Chase Freedom Student
- Chase Ink Business Unlimited
- Chase Ink Business Cash
- Chase Ink Cash
- Chase Ink Business Premier
This is great news for Chase Sapphire Reserve cardholders.
If you were already onboard for paying the $550 annual fee for the existing benefits, getting another benefit that is potentially worth $400 over the next two years is just icing on the cake.
However, I’m not sure that this new perk is enough for a non-cardholder to suddenly decide this is the right card for their next application.
Money expert Clark Howard cautions against paying big annual fees for travel credit cards unless you’re a very serious traveler. And by serious, he means at least $10,000 in travel spending each year.
“People pay those big annual fees and get those cards because they get sucked in by the fantasy: ‘Hey, I got this card, and I’m going to Tahiti!’ and ‘Hey, I got this card, so that’s going to be me on the beach in Maui and on that ski mountain!’ And with all this, we’re actually conspiring against ourselves.”
You’ll want to evaluate your spending and travel habits to make sure this card really does provide you benefits and rewards you value well in excess of the $550 annual fee.