As a millennial constantly on the go, you're likely no stranger to using ridesharing services like Lyft to help you get from point A to point B. But here's a little secret: did you know that you can make your Lyft rides even more wallet-friendly by using the right credit card? That's right! We've done the research and compiled a list of the best credit cards for Lyft users - from cashback rewards to travel perks, these cards will help you make the most of your ridesharing experiences. Buckle up and let's dive in!
Best Credit Cards For Lyft Table of Contents
1. Chase Sapphire Preferred Card:
2. American Express Gold Card:
1. Chase Sapphire Preferred Card:
If you're looking for the perfect mix of travel and dining rewards, look no further than the Chase Sapphire Preferred Card. This popular rewards card offers:
- 2x points on travel and dining purchases, including Lyft rides
- 1 point per dollar spent on all other purchases
- 60,000 bonus points after you spend $4,000 within the first three months
- 1:1 point transfer to select airline and hotel partners
2. American Express Gold Card:
The American Express Gold Card is one of the most coveted cards among millennials, thanks to its exceptional benefits in the dining and travel categories. The card features:
- 4x points on restaurants and U.S. supermarkets (on up to $25,000 in purchases each year, then 1x)
- 3x points on flights booked directly with airlines or through amextravel.com
- 1x point per dollar on all other purchases
- 35,000 bonus points after spending $4,000 within the first three months
- $120 annual dining credit
As a Lyft user, you're in luck: Amex Gold is currently offering 2x Membership Rewards points on Lyft rides in the USA until 31st December 2021!
3. Blue Cash Preferred Card from American Express:
The Blue Cash Preferred Card from American Express is perfect for those looking for great cashback rewards. Here's why:
- 6% cashback at U.S. supermarkets (on up to $6,000 in purchases per year, then 1%)
- 6% cashback on select U.S. streaming subscriptions
- 3% cashback on transit, including Lyft rides, taxis, parking, and tolls
- 3% cashback at U.S. gas stations
- 1% cashback on all other purchases
- $300 statement credit after spending $3,000 within the first six months
4. Lyft Pink Membership & Chase Freedom Flex:
If you're a regular Lyft rider, consider a Lyft Pink membership, which comes with perks like 15% off your rides. To maximize your rewards even further, pair it with the Chase Freedom Flex card. The Chase Freedom Flex offers:
- 5% cashback on qualifying Lyft purchases through March 2022
- 5% cashback on up to $1,500 in combined purchases in rotating bonus categories each quarter when activated
- 3% cashback on dining and drugstore purchases
- 1% cashback on all other purchases
- A $200 cash bonus when you spend $500 within the first three months
Best Credit Cards For Lyft Example:
Let's say you spend $300 per month on Lyft rides. With the Chase Sapphire Preferred Card, you would earn 7,200 points per year (2 points per dollar spent) from your Lyft rides alone. If you transfer those points to a partner airline or hotel program, they could be worth even more! On the other hand, if you had a Lyft Pink membership and used the Chase Freedom Flex card, you could save 15% on your rides and earn an additional 5% cashback - that's $225 saved and $67.50 in cashback rewards per year.
Now that you know the best credit cards for Lyft users, there's no excuse not to maximize your rewards and savings when using ridesharing services. Remember, every point and cashback dollar counts when it comes to personal finance, so make sure you're using your credit cards strategically! If you found this guide helpful, don't forget to share it with your fellow millennials and check out our other guides on Flik Eco for more financial advice tailored to your generation.
