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What Is Lyft Cash, And How Does It Work? 3 Concepts To Understand

What is Lyft Cash?

Lyft Cash is a prepaid payment method within the Lyft app, acting as a digital wallet for users to pay for rides. It can be added through physical or digital gift cards that must be activated in the app and is only available for use within the United States.

vector graphic of a hand holding a mobile phone displaying the lyft cash screen

While Lyft Cash does not expire, it cannot be redeemed for physical cash or transferred to a bank account, and it is forfeited if the associated Lyft account is deleted.

How Does Lyft Cash Work?

Lyft Cash allows riders to preload funds into the Lyft app to cover future ride expenses. Once added, Lyft Cash is automatically used as the primary payment method for rides until the balance runs out, streamlining the payment process.

Essentially, Lyft Cash acts like a virtual wallet within the Lyft platform. Riders can add funds to their Lyft Cash balance using credit cards, debit cards, or other payment methods.

This balance is then drawn upon for ride payments, eliminating the need for physical payment transactions after each ride. It’s designed for ease of use and convenience, providing a cash-free option for regular Lyft users.

How Do I Get Lyft Cash?

To get Lyft Cash, simply add funds to your Lyft account through the app using your preferred payment method. Once your account is funded, you’ll have Lyft Cash available to use for rides.

If you decide not to use your Lyft Cash for a particular ride, you have the option to disable it in the payment section before you book your ride.

It’s worth noting, though, that Lyft Cash cannot be used for certain charges on the app, such as damage fees or costs associated with lost and found items.

How to Add Lyft Cash

Open your Lyft app and navigate to the payment tab via the menu. You can add Lyft Cash manually, or you can automate the process.

Adding Lyft Cash is as simple as following this process:

  • Hit the menu icon at the top left of the application.
  • Click on the payment option to change your payment info.
  • Under the Lyft Cash card option, click on ‘Add Cash.’
  • Input the amount of cash you want to add.
  • If you want, you can activate the auto-refill option to refill your Lyft Cash with that amount once your balance is less than $15
  • Check out and choose your payment method (this payment method will be your alternative payment option).
  • Click on purchase

How to Add Gift Cards to Lyft Cash

To add Lyft gift cards to Lyft Cash, you need the gift card code and pin. You can add gift cards to your Lyft Cash by following these steps;

  • Hit the menu icon at the top left corner and click on payments
  • Click the gift card option
  • Input the gift card code and the pin of the gift card.
  • The value of the gift card will reflect on your Lyft Cash immediately.

Managing Lyft Cash Settings

Lyft Cash is a flexible feature that you can turn on or off at any time in the app.

To manage your Lyft Cash, simply go to the menu and select the Lyft Cash option. Here, you can customize settings like auto-refill amounts or turn it off completely.

Additionally, you have the freedom to change your payment method for Lyft Cash, such as switching from a prepaid card to a credit card, directly within the payment tab of the Lyft app.

Frequently Asked Questions

Can I Refund Lyft Cash?

You can refund your Lyft Cash manually by following the process described above or automating the process. Also, you can fund your Lyft Cash with gift cards.

What Cards Does Lyft Accept?

Lyft accepts various cards for payment, including credit cards, debit cards (Mastercard, Discover, Visa), prepaid cards, digital gift cards, and retailer gift cards.

Payment methods like Google Pay cards, PayPal, Apple Pay, Venmo, and commuter cards are not accepted. However, you can also pay directly using your bank account.

Can You Pay for Lyft with Cash?

No, you can’t pay for Lyft car rides with cash.

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