On 1/12 those cards will also provide a free year of Lyft Pink membership, a value of $19.99/month. With that membership you’ll save 15% off all Lyft rides, get priority airport pickup, get waived cancellation fees 3 times per month when you rebook a ride within 15 minutes, get waived lost and found fees, and enjoy 3 free bike or scooter rides per month.
Lyft announced today that all other Chase Ultimate Rewards cards, including Sapphire Preferred, Sapphire, Freedom, Freedom Unlimited, Ink Preferred, Ink Cash, Ink Unlimited, and Ink Plus, will earn 5 points per dollar on Lyft from 1/12/20-3/31/22. Officially the no annual fee cards are marketed as cash back cards, so Lyft says they’ll earn 5% cash back, but in reality they’ll be earning 5 points per dollar that can be used for 5% cash back. Of course you can always get much more value from your points than cashing them out at just 1 cent each.
Note that the 5 or 10 points per dollar are inclusive of regular earnings, it’s not a bonus on top of regular earnings.
This benefit may make the decision of whether to keep Sapphire Reserve over Sapphire Preferred or Ink Preferred even harder for some people. Will it influence your decision?