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Maximizing Your Rewards: The Best Credit Cards for Lyft Rides

How to Choose the Best Credit Card for Lyft Rides

As ride-sharing services continue to gain popularity, many people are turning to credit cards to earn rewards and save money on their Lyft trips. However, with so many different cards available, it can be challenging to choose the right one for your needs.

In this article, we will explore some of the best personal credit cards for Lyft rides, taking into account various factors such as rewards, fees, and limitations.

Consider Card Benefits Beyond Lyft

When choosing a credit card for your Lyft rides, it’s essential to look beyond the company’s rewards program to consider other benefits that may be available. Some credit cards offer perks such as travel credits, TSA PreCheck, Global Entry, and other incentives that can help you save money on other expenses related to your travel.

Additionally, you might want to consider applying for a credit card that has a significant sign-up bonus. Many cards offer a substantial amount of points or miles when you spend a certain amount within the first few months of account opening.

This can be an excellent opportunity to earn a large number of rewards that can be redeemed for travel or other purchases.

Be Aware of Limitations and Costs

While many credit cards offer attractive rewards and perks, it’s important to be aware of the limitations and costs associated with each card. Some cards may have high upfront costs, such as annual fees or balance transfer fees, that can offset the benefits of the rewards program.

Additionally, many cards offer rewards in the form of points or miles that may carry an expiration date. If you’re not using your rewards frequently, you may find that they expire before you have a chance to redeem them.

Finally, it’s essential to look at the card’s APR, or annual percentage rate, to determine how much interest you’ll pay on balances carried over from one billing cycle to the next. If you don’t pay off your balance in full each month, a card with a high APR can quickly become expensive.

Best Personal Cards for Lyft

There are many different credit cards available that are ideal for Lyft rides. Here are a few of our top picks:

Chase Sapphire Reserve

The

Chase Sapphire Reserve is an excellent option for anyone who travels frequently and wants to earn rewards on their Lyft trips. The card offers 10x points per dollar on Lyft rides and on other travel purchases, and 3x points per dollar on dining and select streaming services.

In addition to the rewards program, the card offers Lyft Pink All Access, which provides a 15% discount on all Lyft rides, relaxed cancellation policies, and more. Additionally, you’ll get up to $300 in annual travel credit, TSA PreCheck or Global Entry fee credit, and Priority Pass Select membership, which provides access to airport lounges around the world.

The card does come with a high annual fee of $550, but the benefits can more than make up for the cost if you travel frequently.

Chase Sapphire Preferred

The

Chase Sapphire Preferred is another excellent rewards card that can help you earn points on your Lyft rides. The card offers 5x points per dollar on Lyft rides and on other travel purchases, and 2x points per dollar on dining and select streaming services.

New cardholders can earn 100,000 bonus points when they spend $4,000 in the first three months of account opening. The card also has no foreign transaction fees, making it an excellent option for frequent travelers.

U.S. Bank Cash+ Visa Signature Card

If you’re looking for a card with no annual fee, the U.S. Bank Cash+ Visa Signature Card may be an excellent choice. The card offers 5% cash back on ground transportation, including Lyft rides, and 2% cash back on groceries and gas.

There’s also a signup bonus of $150 when you spend $500 in the first three months. The Cash+ Visa Signature Card allows cardholders to choose two categories each quarter to earn 5% cash back, making it a versatile choice for earning rewards in different spending categories.

Conclusion

Choosing the best credit card for your Lyft rides can help you maximize your rewards and save money on your trips. By considering card benefits beyond the rewards program and being aware of limitations and costs, you can pick the card that’s right for your needs.

Our top picks for personal cards for Lyft are the

Chase Sapphire Reserve, which offers substantial rewards and numerous travel-related benefits, the

Chase Sapphire Preferred, which offers a significant bonus and a lower annual fee, and the U.S. Bank Cash+ Visa Signature Card, which has no annual fee and offers cash back on ground transportation and other spending categories.

Top Business Cards for Lyft

For business owners who frequently use Lyft for transportation needs, it makes sense to use a credit card that offers rewards and benefits for doing so. But with so many business credit cards available, it can be overwhelming to choose the right one.

In this section, we will highlight two of the best business credit cards for Lyft users, taking into account various factors such as rewards, fees, and limitations.

Ink Business Preferred Credit Card

The

Ink Business Preferred Credit Card from Chase is a top-rated business credit card that offers some impressive rewards, including 5x points per dollar spent on qualifying Lyft rides. The card also provides 3x points per dollar spent on travel, shipping, internet, cable, and phone services, and advertising purchases made with social media sites and search engines.

New cardholders can earn a substantial bonus of 100,000 points by spending $15,000 in the first three months, making it a great option for those with extensive business expenses. You can redeem points for cash back or apply them towards travel purchases made through Chase’s travel portal, which can potentially increase their value.

One crucial advantage of using this card for Lyft rides is that it comes with primary rental car insurance when you rent a car for business purposes, adding protection to your business trips. However, the card has a significant annual fee of $95, which might not be suitable for some small business owners.

The Blue Business Plus Credit Card from American Express

Another excellent business credit card option for Lyft users is

The Blue Business Plus Credit Card from American Express. The card offers impressive rewards points on eligible business purchases; you’ll earn 2x Membership Rewards points per dollar spent on the first $50,000 in purchases each year.

After reaching this limit, the card offers only a 1x point per dollar spend reward. However, the most notable feature of the Blue Business Plus credit card is its 0% introductory APR for up to 12 months after account opening.

This benefit means that you won’t pay any interest on purchases during the introductory period, which can be helpful for small businesses looking to save money on financing for their operations. The card has no annual fee, making it a better option for small businesses that do not have extremely high expenses.

Keep in mind that Amex’s liability waiver program doesn’t cover ridesharing services like Lyft.

Methodology

When identifying the best credit cards for our list, we considered several factors specific to Lyft users, including rewards programs that include points and cashback specifically for qualifying Lyft rides, travel benefits that are beneficial for individuals frequently on the go, and any annual fees that may cut into the value of those rewards. We also analyzed the importance of bonus points and rewards for other business expenses since small business owners likely purchase more than just Lyft rides.

Having a card that rewards you for multiple business expenses can be a significant benefit. For each of our top picks, we carefully assessed Lyft-specific perks and annual fees to ensure that our recommendation offers excellent overall value for the cardholder.

Final Thoughts

Using a credit card that effectively aligns with your business requirements can be helpful in solving some financial issues at once. For business owners who regularly ride with Lyft, choosing the right business credit card can mean earning rewards, Cashback, travel benefits, and more.

By selecting the

Ink Business Preferred Credit Card or the Blue Business Plus Credit Card from American Express, small business owners can earn rewards while paying for their Lyft rides and other business expenses. In conclusion, choosing the right credit card for your Lyft rides is vital, and it could help you earn rewards and save money, especially if you’re a frequent Lyft user.

When selecting the best credit card for your needs, it’s essential to consider card benefits beyond Lyft, be aware of limitations and costs, and assess other benefits, bonus points, and rewards programs. Our recommended business cards for Lyft are the

Ink Business Preferred Credit Card from Chase and the Blue Business Plus Credit Card from American Express, both of which offer valuable rewards and benefits, although with different costs.

By selecting the right credit card, you can get more benefits from your Lyft rides and your business expenses.

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