Lyft didn’t go from a small, scrappy startup to one of the most valuable companies in the world overnight. They were smart, calculated, and strategic in everything they did up until that point. And now with seemingly endless funding, they are offering great deals with a variety of current Lyft promotions for new Lyft drivers and users.
These massive rider and driver promotions are being used as a way to grow the company organically by tapping into their millions of existing riders and drivers. By offering riders amounts ranging from $10-50 in free ride credit, and current drivers up to $1,000 for referring new drivers to the platform, Lyft has experienced immense growth that shows no sign of slowing any time soon.
Let’s take a look at the current Lyft promotions that are currently being run by the rideshare giant.
Current Lyft Promotions for 2018
The promotions that Lyft is offering can be broken up into two segments: promotions for new and existing Lyft users, and promotions for new and existing Lyft drivers. These promotions weigh quite a bit towards rewarding users for growing the rider and driver base, but also focus on making the Lyft experience better for existing users and drivers as well.
There has never been a better time to jump on the bandwagon than now. Lyft is entering a rapid growth stage, so definitely take advantage of the promotions the rideshare giant is currently offering before they are too late. If you are a driver, select a promotion from directly below. If you are a rider, scroll about halfway down the page to view the promotions Lyft is currently offering passengers.
Lyft Driver Promotions
Lyft knows that the key to making the rideshare industry work is keeping riders and drivers both happy. To do this, they are offering a few killer promotions. Since there are hundreds of thousands of drivers on the Lyft platform, the company leverages this fact by allowing the drivers to tap into their contacts and recruit their friends, family, and acquaintances to ride and drive with the company.
New Lyft driver sign-on bonus
The most well-known promotion that Lyft is offering drivers is the new driver signup bonus, which is by far the best and most lucrative current Lyft promotion. In an effort to recruit new drivers, Lyft is offering huge signup bonuses for drivers using a Lyft driver promo code. Although these bonuses vary based on the city in which you live, we have seen them get up to $1,000 for a new driver! These bonuses also are contingent on the new driver giving a set amount of rides in a specified time period. But these are very doable and we have found most drivers that driver regularly are able to hit the quota in no time.
Bonus amounts by city:
May 2017 Update:
Referred applicants may receive a communication from a referring driver with bonus requirements, however, please note that Lyft cannot control the final content of such communications and cannot be held liable for any inaccuracies that they may contain. Once a referred applicant has started their application, Lyft will send a confirmatory email to both the referring driver and referred applicant which will contain the relevant bonus amounts, ride requirements, and time limits needed to qualify for the bonus. Please contact us for details about your application.Official Lyft Website
It is worth noting that these amounts change a lot. They may be higher or lower than this, and very by the amount of driver supply for any given city. We’ve seen bonuses as high as $1,000 and as low as $10, it just depends on the time of year. We will update this as often as we can, but if you have any questions on the amount for your city, visit Lyft’s official blog in the link above.
Another great promotion Lyft is currently offering drivers is the Weekly Guarantee. If the new driver doesn’t earn a predetermined amount of money in a certain timeframe, Lyft foots the bill and covers the rest for that driver. Other than the sign-on bonuses, this appears to be one of the most popular promotions that Lyft offers drivers.
This promotion is currently available in the following cities, at the time of this writing on 1/08/2017:
- Los Angeles
- New York City
- Orange County
- San Diego
- San Francisco
- Silicon Valley
- Washington, D.C.
How it works:
Lyft drivers seeking the Weekly Guarantee must meet a few criteria in order to earn this promotion:
- Be approved to drive in a city that offers the Weekly Guarantee promotion, and have applied through a link that is either an ad or link for this specific promotion.
- Get approved to drive for Lyft within 30 days of submitting their new driver application through the link mentioned above
- Meet the promotion requirements by completing the required ride, hour, and acceptance rate amounts for the Weekly Guarantee
Steps one and two are pretty straightforward, but the last step to earn this promotion is a little more difficult. If you want to claim this promotion, you will likely need to drive full-time. If you are looking to get some quick cash, but drive part-time, then the new driver sign-on bonus is likely the better option for you. But if you are planning to commit full time to Lyft driving, then definitely give this bonus a try if you signed up in an eligible city.
Earlier we talked about how Lyft is tapping into their massive network of drivers to grow the Lyft community. One of the largest and most prominent ways they are doing this is by rewarding drivers for referring riders to the Lyft platform. The program is pretty simple: Lyft gives each driver custom referral codes that are good for free rides when new users sign up to ride. Once that rider takes a ride, Lyft pays the referring driver cash for referring that passenger. The credit and cash amounts vary by time of year and city, but they are well worthwhile for both rider and driver.
A few tips for referring new riders:
- The rider must apply the promotion to their account before they take a ride. It will not work if they attempt to apply the code after they request a ride
- Only one new rider promotion per passenger is allowed. After that promotion, riders will need to take a look at Lyft Codes for Existing Users
- Codes cannot be shared on paid ad platforms like Adwords, Facebook and Twitter Ads, and other paid forms of advertisement
- Referral and bonus credits are valid for 14 days from the time the code is applied
- Participation is subject to Lyft’s Terms of Service
This is a great way for drivers to diversify their earnings and a great way to minimize downtime between rides. We’ve come across plenty of drivers that go from bar to bar handing out referral cards between rides, and earn a few hundred dollars every weekend from this method alone. The sky is the limit with these referrals, so feel free to get creative. You could end up with a fat paycheck for your time, so it is well worth it!
Driver discounts with Verizon
Lyft truly cares for their employees, and takes the driver promotions a step further by partnering with tons of large corporations to offer sizeable discounts to drivers as part of their Accelerate program. A notable example is Lyft’s recent partnership with Verizon Wirelss that gives users the option to save money on their monthly bill and accessories. This partnership allows Lyft drivers to enjoy 15% off their monthly bill and family plans, and 25% eligible accessories on the Verizon Network.
This partnership has been taken very well so far, and has saved Lyft drivers tons of money on their bills to date. If you would like to take advantage of this partnership, head over to the “Silver” section in the Lyft Dashboard and click the link to Verizon. Once on Verizon’s page, click Shop Now from the top banner on the page. The site will then walk you though everything and get you properly checked out.
Definitely head over to the Accelerate section of your dashboard for tons of other partnerships and discounts. There is a ton of good stuff on there, and if you are a Lyft driver, they are definitely worth a look!
Lyft passenger promotions
Lyft is offering some killer promotions to grow their fleet of drivers, but also offering awesome promotions for new and existing riders. Like the motive behind growing their fleets, Lyft offers some pretty great promotions in an effort to gain new users. These promotions are for both new AND existing users, so there is something available to everyone to keep riders happy all around.
New user free first ride
When looking at the promotions that Lyft is currently offering, it is important to take a look at promotions for new Lyft users. As a new Lyft user, you are eligible for a fair amount of free Lyft ride credit when you use one of our Lyft promo codes for the first time. From a rider’s perspective, this free ride credit is the first place to start when looking at passenger promotions, and will get you pretty much anywhere you need to go for free.
As of this writing, Lyft is testing out new user referral amounts for different cities. These amounts, from what we’ve seen so far, are hovering between the $20-50 range, and are good for 14 days from the time you enter the code. The great thing about Lyft credit, is unlike Uber’s new user credit amounts, is that it rolls over to the next ride. So, for example, you have a $50 ride credit, but only used $20 of that credit during your first ride. Well, the good news is that you have $30 left, and can use it whenever, as long as it is within the expiration date!
Refer passengers to get free ride credit
Lyft’s free ride credit for existing passengers is one of the best ways to capitalize on the company’s rapid growth. Like they do with drivers, Lyft offers free ride credit to existing Lyft user for inviting new friends to try the platform. For every passenger you refer, you will earn yourself some free ride credit when the referred passenger takes their first ride. I’ve had friends that have literally earned thousands of dollars in free ride credit by doing just this.
The program is also incredibly intuitive, and Lyft provides quite a few tools that riders can leverage to share their referral codes with their friends. These tools allow users to easily post their codes on social media outlets like Facebook and Twitter, but also allows users to share their codes via email and text. Chances are that existing riders still have a bunch of friends that have not yet downloaded Lyft, and simply sharing the code once or twice can score them quite a few free rides.
Refer new drivers – double sided-rewards
As a Lyft user, you can use your Lyft rider invite code to earn even MORE free Lyft ride credit by inviting drivers to the platform as well. Weird concept, we know, but if you want to truly level up your ride game, take advantage of this promotion while it lasts. Lyft riders can earn literally thousands of dollars in free ride credit by referring new drivers, which is enough free credit to last you years. The best part? You can earn that much by simply referring one driver, if the city is paying out that much when you refer them. Take a look at the new driver payout chart at the top of the page to get a better understanding of how much you can earn when you refer new drivers in those cities.
Seriously, just because you are a rider doesn’t mean you should overlook this promotion. It is not well known, but the users who discovered it are kings and queens of the backset. By recruiting new drivers you have the potential to unlock so much ride credit you won’t know what to do with it all. From my personal experience, this credit is good for 12 months, which is more than enough to make it worth your time!
As you can clearly tell, now is a great time to cash in on some of the most current Lyft promotions. Whether you are looking to make some extra cash as a driver, or earn free ride credit as a rider, Lyft is offering more than enough options for you to do just that. Take advantage of these promotions quickly, however, because who knows how long they will last.
Over to you.
Have a promotion that we didn’t include? Leave it in the comments below and we will be happy to look into it and add it to our list!