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This isn’t an April Fools’ Day joke: Chase and Lyft have now extended the partnership until March 2025, which allows cardholders to continue earning bonus points when using this popular ride-sharing service.
For context, Chase maintains many partnerships with everyday brands such as DoorDash, Instacart and Peloton – offering exclusive perks for cardholders.
First introduced when the pandemic broke out, these benefits have helped many people justify keeping these cards open during a time of stifled travel.
However, many of these partnerships have an end date… unless Chase decides to extend his contract. A few months ago, Chase and DoorDash renewed their contracts, and now, it’s great to see the release company move forward successfully with this latest extension.
Benefits of Lyft with Chase cards
Monetization rates vary depending on the Chase card you carry, so consider the potential profit you can get. This rate of income will apply between now and March 2025.
Chase Sapphire Reserve
Chase’s most premium travel card holders previously enjoyed a free trial year for Lyft Pink (which typically costs $19.99 per month). Unfortunately, Lyft Pink is not part of the renewal of this partnership.
However, Chase Sapphire Reserve cardholders will continue to receive 10 points for every dollar when making a purchase on Lyft. Since TPG values Chase Ultimate Rewards points at 2 cents per person, it’s like getting a whopping 20% return on Lyft – a great amount if you regularly use the service to stroll around the city or need an airport shuttle.
(And don’t forget to link your Delta SkyMiles number to your Lyft account here to earn 1 mile per dollar while traveling on Lyft.)
All other Chase cards
If you carry one of the following cards, you will continue to earn 5 points per dollar rate when traveling on Lyft (or a 10% return based on TPG’s valuation):
Chasing sapphire priority cards.
Chase Freedom card (no longer available to new subscribers).
Chasing unlimited Free Cards.
Chasing Flex Freedom.
Chase Freedom Credit Card for students.
All Ink business card members – such as Ink Business Priority Credit Card, Ink Business Cash Credit Card, and Ink Business Unlimited Credit Card).