Last updated on June 25th, 2018 at 08:59 am
Lyft Sign Up Bonus And Lyft Driver Promo Code Information (Lyft bonus amounts updated daily)
To receive a Lyft sign up bonus, sign up to drive for Lyft today using the Lyft driver promo code, RIDESHARECENTRAL. You could be eligible to receive a Lyft driver bonus of $500, $750, or even $800!
Lyft recently raised the sign up bonus amounts, but the higher sign on amounts will not last. If your city is currently offering a high bonus amount ($300 or more), your best bet is to sign up to drive for Lyft now! Click the button below to start your Lyft application, or read on to see how much the Lyft sign up amount is in your city.
- Lyft Sign Up Bonus And Lyft Driver Promo Code Information (Lyft bonus amounts updated daily)
- Drive For Lyft Using A Lyft Referral Code To Get The Highest Possible Lyft Sign Up Bonus
- How Does The Lyft Driver Referral Code Work?
- Using A Lyft Referral Code To Get Your Lyft Sign Up Bonus
- How Large Will My Lyft Sign Up Bonus Be?
- How Much Can I Make On Lyft After I Complete My Lyft Sign Up Bonus?
- In Addition To Your Lyft Sign Up Bonus, You Are Also Eligible For The Weekly Lyft Driver Bonus
- Frequently Asked Lyft Questions
Top Lyft Sign Up Bonus And Lyft Driver Promo Code Cities
Where you will be driving determines how much your bonus will be. Currently, the best known bonus is in Pittsburgh, at $800, followed by Los Angeles at $750, and San Francisco in third, at $700. The Los Angeles Lyft bonus is at the highest level it’s been since it was briefly at $1400 at the beginning of 2018.
San Jose, Indianapolis, and Seattle are all tied for fourth with a $650 Lyft bonus. San Diego is in fifth with a $600 Lyft driver bonus, tied with San Antonio, Sacramento, New Orleans and Minneapolis.
The Charlotte Lyft sign up bonus is $550, good for a sixth place tie with Tacoma, and Silicon Valley.
Rounding out the top six with a $500 Lyft driver promo is Washington D.C., Tucson, Rochester, Jacksonville, Chicago, Boston, and Charlotte. New York City doesn’t make the top six, but currently has a $400 Lyft sign up bonus.
Those are the highest Lyft driver referral code amounts currently being offered, so if you see Lyft referral code offers promising $2000, $3000, or even $5,000, you can be sure they’re fake. However, there may be a couple of other markets offering a $1,000 bonus in June. If it’s your city, drop us a line and let us know, so we can update our list of Lyft driver bonus amounts by city.
Some of the Lyft driver promo code amounts above are also available in other Lyft markets. To see what the current Lyft sign up bonus amount is in your city, simply click HERE or scroll down. Click your city name to start your Lyft application. If you don’t see your city below, text your city to 312-445-0932 and we’ll text you the Lyft driver bonus amount in your market.
The List – Lyft Sign Up Amounts By City
Below is a list of current Lyft sign up bonuses and Lyft driver promotions by city. Click on your city name to start your Lyft application. The bonus amount on the first screen of the Lyft application is for Chicago – $500. When you begin your application by filling in your phone number, email, name, and driving city, you will receive an email.
The email will contain the download link for the driver app and will confirm the Lyft driver bonus amount for your city. It should be the amount next to your city in the list below. If it’s not, please contact us so we can update the list.
To be clear, if you sign up in Orlando, your Lyft driver bonus will $50, because that is the current Lyft sign up bonus amount in Orlando. Likewise, if you sign up in Denver, your Lyft sign up bonus will be $600, because that’s the current Lyft sign up bonus amount in Denver. In San Francisco, your Lyft driver bonus will be $700, and in Los Angeles, your Lyft sign up bonus will be $750.
You will begin receiving your Lyft driver bonus as soon as you start completing rides. The Lyft driver bonus generally pays between $2 and $5 extra per ride. So, if your bonus amount is $1400 in Los Angeles for 400 rides, you would receive an extra $3.50 per ride for your first 400 rides (400 x $3.50 = $1400). This is in addition to your regular earnings for those rides. Keep in mind, the Lyft driver promo amounts change frequently. The top bonus in Los Angeles was $1400 until early February 2018. Now, it’s dropped to $525. Usually, you have between 30 and 90 days to complete the rides. We update the list frequently. If you find an updated Lyft promo code amount, email us at info (at) ridesharecentral.com, and we’ll add it to the list.
Drive For Lyft Using A Lyft Referral Code To Get The Highest Possible Lyft Sign Up Bonus
Welcome to the Lyft driver sign up information page. Here you’ll find all the latest available information on:
- How To Sign Up And Drive For Lyft
- The Lyft Application Process
- The Lyft Driver Bonus
- How Much Do Lyft Drivers Make?
- Lyft Driver Requirements
- Lyft Vehicle Requirements
- Lyft Driver Promo Code And Lyft Driver Referral Code Info
- Lyft Sign Up Bonus Amounts By City
Here’s some other Lyft driver resources you may find helpful:
- 16 Tips For New Uber & Lyft Drivers
- Essential Products For Lyft & Uber Drivers
- Rideshare Driver Tax Deduction Guide
Click the image below to start your Lyft application. The bonus amount shown on the Lyft application page is for Chicago, and may differ from the bonus in your city. If you’re in Pittsburgh, you’ll receive the current Pittsburgh Lyft driver bonus, which is $800. If you’re in Boston, you’ll receive the Boston sign up bonus amount. Your Lyft driver bonus amount is usually determined by your city, not your Lyft driver promo code.
How Does The Lyft Driver Referral Code Work?
Basically, if you sign up to drive for Lyft using a Lyft referral code, you will get your bonus. If you don’t use a code when you first sign up, you won’t get a Lyft driver bonus. Lyft used to have two types of driver sign up bonuses – the lump sum bonus and the per ride bonus. In 2017 though, the company mostly phased out the lump sum Lyft driver bonus. The Lyft driver promo code, whether it’s for $500 or $50, is now paid out per ride instead.
The old Lyft driver bonus required a driver to complete certain number of rides in a set amount of time. If the driver succeeded, he or she would get their entire Lyft driver bonus at once, after completing all the rides. For example, the Lyft sign up bonus in Chicago may have given a driver a lump sum of $750 for completing 150 rides in 45 days. Or, they may have offered new drivers in Atlanta $350 for completing 75 rides in 30 days. The time given to complete the required number of rides ranged from 30 to 100 days. This type of lump sum Lyft driver bonus is pretty much nonexistent at this point.
Instead, Lyft now offers new drivers a per ride bonus. This is pretty much the standard Lyft driver promo these days. Basically, a new driver can still get a $400, $500, or $750 Lyft driver bonus. However, instead of getting the $400 all at once, after completing 100 rides, the driver now gets an extra $4 on each of the first 100 rides. So, you can still get the same Lyft driver bonus amount, but you get it a little bit at a time. The great thing about this style of bonus is that if you complete 75% of the required rides, you get 75% of your Lyft driver bonus. If the Lyft bonus was still lump sum, you would not get a any Lyft driver bonus
Examples Of The Current Lyft Sign Up Bonus
Say you sign up to drive for Lyft in San Diego with a $600 bonus. The bonus might be paid out at $3 extra per ride on the first 200 rides. On a Lyft bonus of this size, the new driver would probably have 45 to 60 days to complete the rides. So, for each ride the driver gave during that time, they’d receive a $2 bonus from Lyft, on top of their regular pay from the ride.
Or, say the Lyft referral bonus for Boston is $350, instead of the $500 or so it really is. This Lyft bonus might pay out an extra $5 per ride on the first 75 rides. The new Lyft driver would probably have 30 days to complete this Lyft driver promo.
The numbers and ride requirements listed in the above Lyft driver promos are just hypothetical examples. So, even if you sign up to drive for Lyft in Boston or San Diego, the above numbers may not be your Lyft driver bonus. Even within a city, the Lyft bonus amount can differ. Once, I saw a Washington D.C. Lyft driver referral code for $800, and another for $200, in the same week! One offered a Lyft sign up bonus of $800 for 200 rides, while the other Lyft driver bonus offered $200 for 50 rides.
The Per Ride Lyft Sign Up Bonus Has Mostly Replaced The Lump Sum Lyft Sign Up Bonus
Overall, the per ride type of Lyft sign up bonus is far more common than the lump sum Lyft driver promo code bonus. Also, many drivers actually prefer this type of Lyft sign up bonus compared to the lump sum bonus. The reason is that this Lyft bonus is paid out as the new driver completes rides, which means you start getting your bonus as soon as you start driving! One of the complaints about the old Lyft driver promo code system was that the ride requirements to get the sign up bonus were too high for part time drivers. This new type of Lyft sign up bonus addresses that issue so that every new driver will get a Lyft driver bonus, provided they use a Lyft code when siging up to drive for Lyft.
You may also be interested in:
- How To Drive Uber Or Lyft In Los Angeles
- How To Drive Uber Or Lyft In Chicago
- How To Drive Uber Or Lyft In Philadelphia
- How To Drive Uber Or Lyft In Washington D.C.
- How to Drive Uber Or Lyft In Boston
- How to Drive Uber Or Lyft In Seattle
- How to Drive Uber Or Lyft In New Orleans
Should I Use A Lyft Driver Promo Code With A Higher Or Lower Lyft Sign Up Bonus?
This might seem like a silly question with an obvious answer, but it’s not. If you’re planning on driving full time, you should definitely sign up to drive for Lyft using the Lyft driver promo code with the highest sign up bonus amount. If you find that your area has a $800 Lyft sign up bonus, and you want to drive full time, use that Lyft driver promo code. However, if you’re going to drive Lyft part-time, say less than 10-15 hours per week, you may not want to sign up to drive for Lyft using that $800 Lyft driver promo code. You may actually be better off with the $300 Lyft driver promo code.
Check The Per Ride Amount On Your Lyft Referral Bonus To Ensure The Best Lyft Sign Up Bonus
The $800 Lyft new driver bonus may only an extra $2 per ride, on the first 400 rides given within the first 60 days. So, to get the full $800 Lyft sign up bonus, you would have to give 50 rides per week. Most new drivers will average a little over 2 rides per hour. So, in most markets, that means you would need to drive around 25 hours per week to get the full $800. If you only drive 10 hours per week, you would probably only get around $160 of that $800 Lyft sign up bonus.
However, the $300 Lyft sign up bonus may pay an extra $4 per ride, on the first 75 rides given with the first 30 days. So, if you drive 10 hours a week under this bonus structure, you would probably get the full $300 bonus. $300 definitely beats $160.
So, the first thing to check after the total lyft sign up bonus amount, is how much the Lyft driver promo code pays per ride. Through most of 2017, a good rule of thumb was that the higher the total Lyft sign up bonus amount was, the less the driver would receive per ride. In 2017, the $700 Lyft sign up bonus may have seemed great, but often it was only an $1 extra per ride for the first 700 rides. On the other hand, the $300 Lyft driver signup bonus was often for $3 to $6 extra per ride. However, in 2018, when you sign up to drive for Lyft, you may find that things have changed for the better when it comes to Lyft driver promo code per ride bonus amounts.
Lyft Sign Up Bonus Per Ride Amounts Have Gone Up In 2018
Lyft has raised most of the per ride Lyft bonus amounts in 2018. For now, the best Lyft sign up bonus is in Pittsburgh, which has a Lyft driver promo of $800 for 360 rides in the first 60 days. That’s an extra Lyft driver bonus of $2.50 per ride.. Denver recently had a Lyft driver promo of $800 as well, but it dropped to $550. But, if you sign up using a code in Pittsburgh. you will get that $800 Lyft driver bonus. Another great Lyft sign up bonus is in Los Angeles, which currently has a Lyft driver bonus of $525. However, in many other cities in 2018, Lyft has raised the per ride amounts on the the Lyft driver promo to the $3.00 – $6.00 per ride range. This seems to be happening even when the Lyft sign up bonus amount is $500, $600, or as is the case in Washington D.C., $700! So now, when you start to drive for Lyft, you can get more of your Lyft driver bonus on each ride.
Using A Lyft Referral Code To Get Your Lyft Sign Up Bonus
In order to claim your Lyft sign up bonus, you have to sign up to drive for Lyft with a referral code. If you’d like to use our code, it’s RIDESHARECENTRAL. Also, you must enter the code when you first sign up. Lyft does not allow you to add a code later.
Your Lyft sign up bonus is almost always determined by your city. On the sign up pages, you will need to fill in your name, email, phone number, city, and a sign up bonus code to get started.
If you want to see your Lyft bonus amount and use a code to start your application with the code pre entered, simply click the button below. Be sure to fill in all the information, including the area where you’ll be driving, so you see the Lyft driver bonus amount for your city.
As noted before, the best Lyft driver promo code amounts are offered either in large markets like Richmond, Philadelphia, Washington, D.C., Los Angeles, San Francisco, Atlanta, or in markets where Uber needs to recruit more drivers. These are generally where you see the best Lyft sign up bonus amounts. In order to be eligible for a Lyft driver promo, you must sign up with a Lyft driver promo code. Also, if you do not enter the the code RIDESHARECENTRAL when you apply, you will not be eligible for the Lyft sign up bonus.
Using our code is pretty easy. Simply click here to begin an application with our Lyft driver promo code (RIDESHARECENTRAL).
The Lyft Sign Up Bonus & Driver Invite Code – Additional Information
Please keep the following in mind when applying to drive for Lyft:
- You can only use one Lyft driver referral code when signing up to drive for Lyft. No stacking of codes to increase your Lyft sign up bonus is allowed.
- After you are approved, you will begin receiving your Lyft driver bonus as soon as you start completing rides.
- The Lyft driver promo code terms are subject to change and not guaranteed.
- As a Lyft driver, you are subject to Lyft’s Terms of Service.
- Being approved for Lyft takes anywhere from two day to two weeks, and sometimes longer. However, the clock to complete your Lyft driver bonus only starts to run after you’ve been approved to drive for Lyft
- Lyft can deny an application for any reason.
Is There A Difference Between A Lyft Driver Bonus Code, A Lyft Driver Promo Code, And A Lyft Referral Code?
Nope, they’re the same thing. You may hear different terms for the code you use to get a Lyft bonus. They all mean the same thing, and they all work the same. Whatever it’s called, it’s the Lyft code you use to get a bonus when you sign up.
Should I Sign Up To Drive For Lyft If I Already Drive For Uber?
Yes. For one thing, most drivers prefer to drive for Lyft. Lyft support tends to be friendlier and slightly more responsive. Also, after you sign up to drive for Lyft, and complete your Lyft sign up bonus, you’ll still be eligible for the weekly Lyft driver bonus (Power Driver Bonus).
Besides that, it’s always good to have a backup source of revenue in case you get deactivated from the Uber system, even temporarily. This happened to a driver I knew. A passenger claimed she was driving under the influence (she doesn’t drink). When something like this happens, both Uber and Lyft will temporarily deactivate the driver for 48 hours while they investigate. She was reactivated 48 hours later, but that deactivation cost her a quest bonus that week. She’s now signed up for both Uber and Lyft.
Another reason to sign up for both is that every now and then, the Uber or Lyft systems may go out for a little bit. It doesn’t happen often, but when Uber goes down, demand tends to go way up on Lyft. Likewise, in the rare occasion of an Lyft system crash, demand on Uber skyrockets.
Finally, it’s important to keep in mind that within a city, certain areas are busier on Lyft, and certain areas are busier on Uber.
How Large Will My Lyft Sign Up Bonus Be?
When you sign up to drive for Lyft, the size of your Lyft driver bonus varies based on the referrer and the region you’ll be driving in. The amount of your bonus is not dependent on which Lyft driver code you use. If you use the Lyft driver referral code RSCLYFT, you’ll receive the same bonus that you would get if you used the code RIDESHARECENTRAL. The city you’re driving in is generally what determines the size of your Lyft driver bonus, not the individual Lyft driver promo code or Lyft code.
About Lyft Driver Promo Codes From the Lyft site:
Lyft Bonus amounts and ride requirements may vary based on the referring driver and the region of the referred applicant. Referring drivers can view the bonus requirements for applicants they refer in their market through the driver portal or app. These requirements may be different if the referred applicant is in a different market than the referring driver.
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.
What Happens After I Submit My Lyft Driver Application?
As noted above, once you’ve begun your application, Lyft sends your confirmation email (sometimes it takes a few hours) with the amount of the Lyft driver promo bonus available in your city. Lyft also usually tells you your signup bonus amount after you click “Become a Driver.” From that point, approval usually takes between 2 and 7 days, but can take up to 3 or 4 weeks
The Lyft sign up bonus amounts change often, so it’s difficult to post a totally up to date chart for every city. However, the Lyft driver bonus amounts tend to be higher in newer markets and some of the larger markets around the country. Currently, a number of Lyft markets in New York, New Jersey, Pennsylvania and Colorado have higher Lyft driver promo bonuses. The amount of the Lyft sign up bonus depends on the demand for Lyft drivers in that city.
How Much Can I Make On Lyft After I Complete My Lyft Sign Up Bonus?
The national average for Lyft drivers is about $17 per hour. However, there is a lot of variation from driver to driver and city to city. Experienced, full-time drivers can make around $20-$23 per hour in the larger markets. Drivers can earn even more if they complete the required Lyft driver bonus rides each week (Power Driver Bonus).
Part-time experienced Lyft drivers in larger markets can make $22-$28 per hour if they only drive during busy hours. On Lyft Premier (higher end vehicles), or Lyft Plus (larger vehicles), they can make even more. If you’re just starting out though, a more realistic expectation is around $15-$18 per hour. However, if you’re only looking to drive ten busy (rush hours or weekend nights) hours a week, you can probably make more than that.
Earnings Of Actual Lyft Drivers
Here’s what a few drivers who drive for Lyft have been able to take home recently in one day and one week. Keep in mind, some of these Lyft drivers pulled long hours to reach these numbers, but they did it.
In Addition To Your Lyft Sign Up Bonus, You Are Also Eligible For The Weekly Lyft Driver Bonus
While your finishing your bonus rides, and after, you can get additional cash bonuses by doing a certain number of rides per week. Lyft calls it the Power Driver Bonus
The Lyft Power Driver Bonus
Lyft Power Driver Bonuses can top $100 to $340 per week in addition to your regular earnings. Even better, in some markets, Lyft offers weekly guarantees for new drivers. These guarantees usually requires a set number of rides and a 90% acceptance rate.
Lyft earnings vary by city, but in most markets the average is in the $15-$20 per hour range. However, experienced drivers who know their way around tend to earn more, as do drivers who only drive peak hours. Those drivers can earn $20-$28 per hour if they’re driving full time, and even more if they only drive during certain hours. Lyft drivers who are part time have been known to average over $30 per hour if they drive only during really busy times.
$15 – $18 Per Hour Is A Realistic Expectation When You Start Driving For Lyft
However, in most markets, the $15-$18 range is more realistic when you’re just starting out. That being said, earnings are often higher in large cities like Chicago, Philadelphia, Los Angeles, Boston, Orange County, Dallas, Atlanta, and San Francisco. Earnings are often also higher in newer Lyft markets because there are fewer drivers. So, if Lyft recently arrived in your neck of the woods, now is the time to sign up and drive for Lyft!
If you need another incentive, once you’re approved to drive for Lyft, you can refer other drivers and get referral bonuses once they start driving.
Lyft Sign Up Bonus – Lyft Driver Requirements
Make sure you meet these requirements in order to get your Lyft sign up bonus.
- You have to be 21 years old and have had a driver’s license for at least 1 year. (In some cities, your license may need to be from in-state.)
- You must be able to pass a criminal background check.
- You must have in state personal auto insurance (your must be listed as a driver on the policy) for the vehicle you will be using. I highly recommend supplementing or replacing your personal insurance with rideshare insurance coverage. However, you don’t need rideshare insurance coverage to be approved to drive for Lyft
- You must have a relatively clean driving record. (No DUI’s or reckless driving and very few moving violations over the last few years.)
From the Lyft site:
- You must be at least 21 years old* with an active U.S. driver’s license for at least 1 year to apply to be a Lyft driver.
- However, you can create a passenger account at 18.
- You must be licensed to drive for at least a year prior to applying. There are some cases where you may see an error message on your application regarding your driving history — if your license was recently reissued, or your state does not provide the issue date. Get the details on how to handle these issues.
Driving record check and background check
Every potential driver is required to undergo both a driving record check and a criminal background check. Lyft reviews the results of the checks and disqualifies individuals who fail to meet the standards set by both Lyft and local regulations.
Lyft uses a third party to check every potential driver’s driving record. You are ineligible to drive on the Lyft platform if any of the below are found on your driving record:
- More than three moving violations in the past three years (e.g. accidents, traffic light violations)
- A major moving violation in the past three years (e.g., driving on a suspended license, reckless driving)
- A DUI or other drug-related driving violation in the last seven years
- Any driving-related convictions in the last seven years (e.g. hit-and-run, felonies involving a vehicle)
Lyft Sign Up Bonus – Lyft Vehicle Requirements
You do not need to own a vehicle to drive with for Lyft. However, if you do, these are the requirements.
- The vehicle must have a valid registration and a clean title. However, the vehicle does not have to be in your name.
- The vehicle must have four doors and a minimum of five seatbelts.
- The vehicle must be in good working order. Lyft requires an annual vehicle inspection.
- The vehicle must be model year 2004 or newer for Lyft. However, in some cities, the requirements are more strict. For Lyft Premiere, XL, and Lux, the requirements are also more strict, and vary by city.
To find out how to buy, rent, or lease a vehicle for Lyft, visit our Vehicle Financing page.
From the Lyft site:
Lyft vehicles must be model age 2006 or newer, unless listed below:
Lyft market or state Oldest vehicle year California (all cities) 2005 Colorado (all cities) 2005 Washington, D.C. 2007 Florida: Miami & Tampa 2008 Illinois: Chicago 2005 Kentucky (all cities) 2008 Louisiana: New Orleans 2010 Massachusetts (all cities) 2005 Minnesota: Minneapolis-St. Paul 2005 Nevada (all cities) 2009 New Jersey (all cities) 2005 New York: New York City Vehicle age requirements governed by the TLC Pennsylvania (all cities) 2008 Oregon: Portland 2008 Rhode Island: Providence 2005 Tennessee: Nashville 2005 Texas: Austin & Dallas 2005 Virginia (all cities) 2007 Washington: Seattle 2008
To be eligible for Power Driver Bonuses, your vehicle must be a 2011 model year or newer in most markets.
The Lyft Application Process
When you sign up to drive for Lyft, you’ll need to upload the following items during the Lyft application process.
- Driver’s License
- Insurance Certificate
- Vehicle Registration
If you have those items handy, you can click the button below to start your application.
Visit the Lyft application page and fill in your name, email, city, cell phone, and driver referral code. You must use enter the Lyft referral code RIDESHARECENTRAL from the beginning to get your Lyft driver sign up bonus.
The Lyft Application Process: Applying
- Verify your phone number. After clicking “Become A Driver”, Lyft will send you a text with a verification code. Enter it on the site.
- Enter the make, model, and year of your vehicle.
- Provide your information and consent to a background check. Lyft will need your full name, date of birth, social security number, driver’s license number (state and expiration date), and your mailing address.
The Lyft Application Process: Background Check
Once you’ve filled out your application and uploaded your documents, Lyft will run a DMV and criminal background check. This is the part that sometimes takes a few days. While you’re waiting for your approval so you can drive for Lyft, we recommend taking the following steps.
- Visit the Lyft Tutorials Page to learn all about driving for Lyft.
- Join our Facebook group to get answers from current drivers.
- Consult our Before You Drive guide for expert tips on how to make getting started as easy as possible.
- Browse through our Essential Products for Drivers to make your driving experience as comfortable and hassle free as possible. Get expert advice on phone holders, floor mats, tire pressure gauges, dash cams, and any other equipment you may need on the road.
- Visit Rideshare Central’s Insurance Marketplace to explore your rideshare insurance options. We recommend you obtain proper rideshare insurance before you start driving.
- Visit our Vehicle Financing page to find the best options for purchasing or renting a vehicle for Lyft.
The Lyft Application Process: Approval and Vehicle Inspections
After approval, you will need to pass a vehicle inspection to get on the road. You can complete the inspection at most Pep Boys locations.
The Lyft Application Process: Activation
After you successfully complete your vehicle inspection, you can get out on the road and give someone a Lyft!
Frequently Asked Lyft Questions
You learn your way around very well, you meet new people, and you make money doing it. Most of the time, it’s very enjoyable. For me, Lyft was a great way to expand the circle of people I interact with. I’ve literally met thousands of people driving for Lyft from all walks of life, and I’ve made thousands of dollars in the process. On top of all that, Lyft is also a great way to network. I usually end each week with a couple of business cards, and also hand my own out.
How do Lyft drivers get paid?
Lyft drivers are paid weekly via direct deposit. Drivers can also cash out instantly during the week (multiple times) as long as they’ve earned $5 or more. If you use your code to refer new Lyft passengers, you receive your Lyft bonus when the new Lyft rider uses your code to start a Lyft account, and takes their first ride. If you use your code to refer new Lyft drivers, you start receiving your bonus the moment the new Lyft driver gives a ride.
Beyond the Lyft sign up bonus, what are the other driver bonuses Lyft offers
Besides the Lyft driver sign up bonus, Lyft also offers the Power Driver Bonus. If I driver completes a certain number of rides (with some during peak hours) and keeps a 90% acceptance rate, they receive a bonus. The bonus is either a cash bonus on top of weekly earnings (usually $100-$250), or Lyft takes a smaller commission. There are two levels to the Power Driver Bonus. If you give enough rides to qualify for the first level, instead of taking 25% of the fares for that week, Lyft will only take 15%. If you qualify for the second level bonus, Lyft only takes 5%.
You can also use your Lyft driver promo code to refer new Lyft drivers and riders. Lyft even lets you create your own catchy Lyft driver promo code that you can put on business cards. You can also post your Lyft driver promo code on your social media accounts. That way, your friends and followers can use your Lyft referral code to get a Lyft driver bonus or get discounted Lyft rides.
When is the best time to drive for Lyft?
Overall, weekends are the most lucrative time to drive for Lyft. Not just weekend nights, the whole weekend. Also, traffic is lighter overall on weekends, so you get better mileage. Besides that, the morning and evening rush hours are where the most money is.
When I drive for Lyft, do I have to give a minimum number of rides to stay active?
You used to have to give one ride every thirty days to stay active, but that is no longer the case. You can sign up to drive for Lyft, and once you’re approved, your account should stay active.
Is one Lyft sign up bonus code or Lyft referral code better than another?
Not really. The Lyft sign up bonus tends to be based on the city you want to drive in more than the Lyft driver promo code. There is one exception. There is a type of Lyft referral code that offers $100 for completing one ride. Usually, I wouldn’t recommend using this kind of Lyft driver promo code, because in most markets, the Lyft driver bonus amount exceeds $100. However, if the Lyft driver bonus in your market is lower than $100, you may want to use a $100 for one ride Lyft referral code. However, that type of Lyft driver promo code is rare.
What are Lyft driver hourly guarantees?
Lyft started offering hourly guarantees to new drivers to compete with Uber. Basically, if you drive certain hours, Lyft will guarantee a certain level of earnings for those hours. For example,
From the Lyft site:
In some cities, we offer Average Hourly Guarantees. That means if you don’t earn the guaranteed amount during eligible hours on your own, we’ll cover the rest.*
Ride requirements for the guarantee hours change based on region and time of day. If you meet the requirements below, check your eligibility in the Driver Dashboard.
Average Hourly Guarantee requirements:
- Opt in
- First, you’ll need to opt in when you get a new text or notification about guarantee hours. Each week, we have an opt-in limit, and we change which cities to offer guarantee hours to, so not everyone will be able to opt in. Eligible drivers can opt in directly through the Driver Dashboard. Drivers can opt in at any time directly before a guaranteed hour begins, but they’ll only qualify for the hours that haven’t occurred.
- Maintain a weekly 90% acceptance rate
- Fill each hour
- You must spend 50 minutes of each hour in driver mode, and fulfill the requirement for completed rides. Each ride counts toward the hour it was requested in (not when it was completed). We count your time in driver mode from the beginning of each hour (for example, 10 am to 10:59 am or 12 pm to 12:59 pm).
How do Lyft new driver weekly guarantees work?
From the Lyft site:
New Lyft drivers (approved within 30 days of applying) in select cities can earn a guaranteed amount per week. If you don’t hit the weekly guarantee amount on your own, we’ll cover the difference.
If I sign up to drive for Lyft in one city, can I drive in another city?
Lyft drivers can usually drive in other cities in their state. However, because Lyft requires insurance documents to be from the state you’re in, you can usually not cross state lines to drive in another city. There are some exceptions, like the tri-state area of New York, Pennsylvania, and Connecticut.
Can Lyft drivers see what a passenger tips?
Yes, drivers can see the amount a passenger tips in their driving history and the individual Lyft trip record.
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Whether you’re looking to make an extra $200-$300 a week before or after work or school, or $1,000 a week or more driving full time, if you drive for Lyft, you can accomplish either. Beyond that, the job is what you make it.
While you’re basically driving people around and getting paid, you meet a lot of interesting people driving for Lyft, and you can even network while you drive. I met one driver who marketed his interior design business to riders and picked up a number of clients. Another driver marketed his hand crafted jewelry business while driving and more than doubled his income. With a little creativity, the possibilities are endless.
On top of that, you get paid. How much depends on the hustle. But first you have to apply. So sign up to drive for Lyft today, using a Lyft referral code (also known as a Lyft driver promo code), and get that money!