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Joseph Hostetler, CEPF
2022-04-01T20:54:17Z
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- Chase has extended the Lyft Accelerator perk on select rewards credit cards.
- Depending on which Chase credit card you have, you can earn up to 10 points per dollar with Lyft.
- This benefit has been extended until March 2025.
- Read Insider's guide to the best rewards credit cards.
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In mid 2020, Chase announced special benefits and earning rates for cardholders with rideshare service Lyft.
Depending on which card you held, you could earn up to 10 Chase Ultimate Rewards points per dollar and one free year of Lyft Pink membership — which comes with extras like priority airport pickups and 15% off unlimited car rides.
Chase has since discontinued its Lyft Pink membership offer, but it has extended its bonus points earning for a handful of its best rewards credit cards.
Earn bonus points for Lyft through March 2025
Chase Sapphire Preferred® Card
4.4/5
4.4 out of 5 Stars
Intro offer
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
Rewards
Earn 5x points on all travel purchased through Chase Ultimate Rewards. Earn 3x points on dining, including eligible delivery services, takeout, and dining out. Earn 3x points on select streaming services. Earn 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs). Earn 2x points on other travel. Earn 1x point per dollar on everything else.
$95
Annual Fee
On Chase's website
Chase Sapphire Preferred® Card
4.4/5
4.4 out of 5 Stars
Intro offer
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
Rewards
Earn 5x points on all travel purchased through Chase Ultimate Rewards. Earn 3x points on dining, including eligible delivery services, takeout, and dining out. Earn 3x points on select streaming services. Earn 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs). Earn 2x points on other travel. Earn 1x point per dollar on everything else.
$95
Annual Fee
Chase Sapphire Preferred® Card
On Chase's website
Details
Rewards
Earn 5x points on all travel purchased through Chase Ultimate Rewards. Earn 3x points on dining, including eligible delivery services, takeout, and dining out. Earn 3x points on select streaming services. Earn 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs). Earn 2x points on other travel. Earn 1x point per dollar on everything else.
Annual Fee
$95
Intro offer
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
Recommended Credit
Good to Excellent
Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application.
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Regular Annual Percentage Rate (APR)
20.24% - 27.24% Variable
Editor's Rating
4.4/5
4.4 out of 5 Stars
Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.
Show more
Pros & Cons
Pros
High intro bonus offer starts you off with lots of points
Strong travel coverage
Cons
Doesn't offer a Global Entry/TSA PreCheck application fee credit
Highlights
More Information
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
Additional Reading
Insider values Chase Ultimate Rewards points above nearly every rewards currency in existence. With an estimated average value of 1.8 cents apiece, you can fund a luxury vacation with a stash of Chase points that is relatively small compared to what you'd need from other travel rewards programs.
One easy way to accrue lots of Chase points has been through spending with Lyft. For years, Chase members holding select cards have been able to earn bonus points when using their eligible card for Lyft purchases. Chase has now extended this benefit through March 2025.
Read more: How to earn, redeem, and maximize Chase Ultimate Rewards points in 2022
Here's what you'll earn:
- Chase Sapphire Reserve® - 10 points per dollar
- Chase Sapphire Preferred® Card -5 points per dollar
- Ink Business Preferred® Credit Card - 5 points per dollar
- Chase Freedom Flexâ„ - 5% cash back (5 points per dollar)
- Chase Freedom Unlimited® - 5% cash back (5 points per dollar)
- Ink Business Cash® Credit Card - 5% cash back (5 points per dollar)
- Ink Business Unlimited® Credit Card - 5% cash back (5 points per dollar)
- Chase Freedom® Student credit card - 5% cash back (5 points per dollar)
The ability to get 10 points per dollar back equates to 18% back, per Insider's valuations. And earning 5 points per dollar gives you a 9% return.
You can only unlock the true potential of Chase Ultimate Rewards points if you've got an annual-fee incurring Ultimate Rewards-earning credit card, such as the Chase Sapphire Preferred® Card. This allows you to transfer your points to valuable airline and hotel partners such as Hyatt, United Airlines, British Airways, and more.
If you also hold any of the above no-annual-fee cards, such as the Chase Freedom Flexâ„ , you can pool your rewards with a Chase annual-fee card and unlock more redemption options, including points transfers.
Credit cards reporter
Joseph Hostetler is a credit cards reporter for Insider who also covers helpful miles and points tricks. He is also a Certified Educator in Personal Finance (CEPF). Joseph has more than six years of experience writing professionally about credit cards, previously authoring and editing for The Points Guy and Million Mile Secrets. You can reach Joseph at jhostetler@insider.com. Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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FAQs
Does Chase Sapphire Preferred have Lyft benefits? ›
The Chase Sapphire Reserve®, for instance, lets cardholders earn 10 points per dollar on Lyft rides (through March 31, 2025), while the Chase Sapphire Preferred® Card lets you earn 5X points per dollar on Lyft rides (through March 31, 2025).
Is Lyft pink still free with Chase Sapphire Reserve? ›Yes, you'll get a free year of the Lyft Pink service if you use your Chase Sapphire Reserve credit card to sign up for it. To take advantage of this promotion, you must activate your Lyft Pink account by March 31, 2023. Lyft Pink comes with several benefits.
Do you get 5% cashback from Chase Freedom Unlimited from Lyft? ›Earn 5% total cash back
All you have to do is ride Lyft with your Chase Freedom, Chase Freedom Flex, Chase Freedom Unlimited, or Chase Freedom Student cards to start earning.
- Sign up for the first time and receive a promo code that offers ride discounts.
- Use your referral code to encourage friends and loved ones to sign up on the Lyft app and request rides.
- Check for promotions available on the Lyft app.
- Earns 5x points per $1 on all travel booked via the Chase Ultimate Rewards portal.
- Earns 3x points per $1 on dining purchases, online grocery purchases, and select streaming services.
- Earns 2x points per $1 on all other travel worldwide.
- $50 annual credit on hotel stays booked through the Chase Ultimate Rewards portal.
Annual Lyft Pink members ($99/yr) get up to 12 free bike and scooter unlocks per year and the ability to choose when they use them throughout that time. Lyft Pink All Access ($199/yr) members enjoy unlimited Lyft scooter unlocks ($1 value) with a 33% discount on the per minute rate.
Is Lyft preferred worth it? ›Lyft Preferred drivers are the best on the app, with a rating of 4.9 or higher and over 300 completed rides. They guarantee a clean vehicle for a comfortable, relaxing ride. Lyft holds the Preferred vehicles to a higher standard than your typical ride. These cars must be 2015 models or newer.
What is the difference between Lyft and Lyft pink? ›In eligible regions, Lyft Pink members get free and discounted bike, ebike, and scooter rides. Monthly Lyft Pink members receive: 1 free bike or scooter unlock per month.
Will Chase have another Sapphire bonus? ›Yes, you can get a Chase Sapphire bonus twice, but only after a long waiting period. If you get the bonus of 60,000 points from the Chase Sapphire Reserve® card, you cannot get another initial bonus from any Sapphire card for the next 48 months.
What is the highest credit limit on Chase Sapphire Reserve? ›Chase Sapphire Reserve
Highest reported credit limit: $80,000, according to a post on the myFICO forums. As a Visa Infinite, this card's credit limit will reportedly be $10,000 at a minimum.
Does Chase Sapphire pay for TSA PreCheck? ›
Global Entry or TSA Pre ® or NEXUS fee credit
Receive a statement credit of up to $100 every four years as reimbursement for the application fee charged to your Sapphire Reserve card.
The Chase Sapphire Preferred earns 5 points per dollar on all travel purchases booked through the Ultimate Rewards portal and 2 points per dollar on other travel purchases. You'll also earn a boosted rate of 10 and 5 points per dollar spent on Lyft rides on the Reserve and Preferred, respectively (through March 2025).
Does Chase Sapphire Preferred cover Uber? ›Chase Sapphire Preferred Uber benefits
The Chase Sapphire Preferred earns 2X points on regular travel purchases, which includes Uber rides.
25% more value in travel rewards
Your points are worth 25% more when you redeem them for airfare, hotels, car rentals and cruise lines through Ultimate Rewards—our easy-to-use portal that helps you maximize your travel spending. For example, 50,000 points are worth $625 toward travel.