Last updated on June 21st, 2018 at 11:30 am
Best Lyft Promo Code – June 2018
New Lyft Riders: You can get a Lyft free ride (or discounted in most cases) by signing up with a Lyft promo code or Lyft coupon. Pretty much every Lyft coupon these days is limited to $5 per ride, or $5 to $10 total. The amount of the Lyft promo code for new riders is usually determined by the Lyft rider’s city. Click here or the button below to sign up for Lyft using the code RIDESHARECENTRAL, and get either a lyft free ride or a few discounted Lyft rides.
New Lyft Drivers: If you’re interested in signing up to drive for Lyft, you can use the Lyft code RIDESHARECENTRAL when you sign up to get a Lyft sign up bonus of up to $1000. Click the button below to learn more about the Lyft driver sign up bonus or keep reading to learn more about Current Lyft Promotions for riders and drivers.
Lyft is currently the fastest growing rideshare service in the United States. Lyft’s rideshare services are available in over 95% of the U.S., up from just 54% at the beginning of 2017. Recently, Lyft began its long awaited international expansion in Toronta, Canada. The company has given over 1 billion rides, and is adding to those at a rate of over 1 million rides per day. It’s most recent funding round, led by Google parent company Alphabet, valued the company at over $11 Billion.
Over the past year, Lyft has used a two-pronged strategy to power its growth.
The first prong involved lyft promotions aimed at drivers. The Lyft drivers promotions included sign up bonuses, weekly guarantees, and weekly power driver bonuses, which can add hundreds of dollars to a drivers pay. The second prong involved Lyft promo codes and Lyft first ride free coupons for riders. Together, this strategy has allowed Lyft increase its market share, and more than double its business in the past 12 months. Luckily, there are still a number of lucrative Lyft promotions that you can take advantage of, whether you’re looking to drive for Lyft, or ride with Lyft. This is especially true in many of the newer Lyft markets.
The main difference between the Lyft promotions for riders and the Lyft promotions for drivers, is that Lyft driver promotions are paid in cash, while Lyft rider promotions are paid in ride credits or ride discounts.
Current Lyft Promotions For Drivers
Most drivers prefer Lyft over Uber. Nationally, per hour pay on Lyft is a couple of dollars higher on Lyft than on Uber – $17.50 per hour. Also, most drivers feel that Lyft treats them better. After all, Lyft has had in app tipping since the company started, and Lyft pays drivers higher rates than Uber for shared rides. Another reason drivers may prefer Lyft is the sheer number of promos available to new and existing Lyft drivers.
There are currently six different Lyft driver promotions:
- Lyft Driver Sign up Bonus (used with Lyft Driver Referral Code)
- Lyft Driver Weekly Guarantee
- Lyft Driver Average Hourly Guarantee
- The Power Driver Bonus
- New Passenger Referral Bonus
- New Driver Referral Bonus
Lyft Promo For Drivers 1: The Lyft Driver Sign Up Bonus
The first and most lucrative Lyft promotion is the new driver sign up bonus. This bonus is paid to the new Lyft driver on a per ride basis as soon as the driver starts completing rides.
Lyft Promo For Drivers 2: Lyft Driver Weekly Guarantees
Lyft offers new and existing drivers in certain markets weekly guarantees. Lyft may send a new driver a guarantee of $800 if they complete 70 rides in a week. If the driver completes the 70 rides but only receives ride payments of $700, Lyft will pay the driver the difference. This helps incentivize new drivers to stay on the road for longer shifts.
Lyft Promo For Drivers 3: Lyft Driver Average Hourly Guarantees
Lyft also offers new and existing drivers in some markets guaranteed average hourly earnings. For example, Lyft may guarantee a driver $24 per hour (pre commission) during certain hours. If a driver satisfies the requirements while driving during those hours and does not make the guaranteed amount, Lyft will pay the driver the difference.
Lyft Promo For Drivers 4: The Power Driver Bonus
The Lyft Power Driver Bonus rewards drivers based on how much they drive each week. These bonuses can be very lucrative and can allow drivers to earn back most or all of the commission Lyft takes.
Lyft Promo For Drivers 5: New Passenger Referrals
In order to keep the Lyft community growing, Lyft allows drivers to refer new riders to Lyft and receive a cash bonus.
Lyft Promo For Drivers 6: New Driver Referrals
Once you’re approved as a driver, Lyft has an awesome driver referral program. Basically, you can refer new drivers to Lyft and both you and the new driver will receive a bonus. The referred driver must be approved and begin completing Lyft rides for you to begin receiving your driver referral bonus.
Current Lyft Promo For Riders
In addition to the various Lyft driver promotions, Lyft also offers new and existing Lyft riders the opportunity to earn ride credits on Lyft.
Lyft Promo For New Riders 1: Lyft Ride Credit
New Lyft riders can receive up to $10 in ride credits on Lyft. The credit amount is determined by city. These credits are limited to a certain amount per ride. If you see an offer for $50 in Lyft credits for new riders, you can pretty sure it’s fake. Most cities also have a limit of $2 $3 or $5 per ride.
Lyft Promo For New Riders 2: Lyft Ride Discounts
New Lyft riders can also receive discounts on their first few rides. Lyft may offer a discount of 20% on the first 10 Lyft rides you take. The amount of the discount is determined by city.
Lyft Promo For New Riders 3: Refer New Riders For Ride Credits
If you’re already a Lyft rider, you can get Lyft ride credits by referring new riders to Lyft. From the Lyft app, click on “Free Rides”. Then, you can email or text your friends your rider code. Once they sign up for Lyft using your code and take their first Lyft ride, you will receive a ride credit in your account. Usually, the new rider referral amount is $5. You can also share your code on your social media accounts
Next Steps – Sign Up To Ride Or Drive With Lyft
That was a lot of Lyft driver and rider promo information to digest. However, if you’re now ready to sign up to ride or drive with Lyft, or just want to see your Lyft sign up bonus amount, simply click one of the buttons below to get started.
Last updated on June 21st, 2018 at 11:30 am
If you would like more information about signing up to drive for Lyft, be sure to check out our page about Lyft Driver Sign Up Bonuses.
Want to drive rideshare, but don’t have a car? Visit our Vehicle Financing guide, which contains information on how to buy, rent or lease a car for Lyft or Uber.
If you’re considering purchasing rideshare insurance (highly recommended if you’re going to drive rideshare), visit our Rideshare Insurance State Marketplace.
Other resources that you may find helpful: