Lyft Sign Up Bonus
So if you’re reading this, you’re probably thinking about becoming a Lyft driver. Perhaps you aren’t sure what exactly is required or what the job entails. And like any responsible adult, you want to conduct some independent research first.
You may also be wondering things like..
- Who are these people who drive around with mustaches on their cars?
- Do they actually earn money doing this or are they part of a strange cult?
- Do you have to fist-bump strangers?
- Do passengers have to sit up front?
So before we go any further;
- You do not have to wear a giant mustache anymore. In fact, I have never once put a mustache on the grill of my car.
- You do not have to fist-bump anybody. You can do that if you want to, but let it come naturally. Most drivers/passengers don’t really do this anymore so it’s not expected anymore either.
- Passengers can sit up front, in back or wherever. Just as long as it’s not the driver’s seat and they have a seatbelt on.
- You do not have to have a life-changing conversation with each passenger. Just match their energy.
Welcome to the Rideshare Game. Let us be your guide.
Uber is probably the biggest name in rideshare right now but that doesn’t mean you should forget about Lyft. So let’s focus on Lyft for now.
By signing up to drive with Lyft first, that will open you up to the possibility of later getting a bonus to sign-up with Uber. Uber offers $500 for new drivers if they can prove they drove for Lyft or Sidecar first. So if you haven’t started your Uber application yet, then it’s kind of a no-brainer to drive for Lyft first.
Lyft is typically not as busy as Uber but they allow for tipping and their rates are higher across the board. On the whole, most drivers actually prefer driving for Lyft too since they offer a much friendlier experience and corporate culture compared to Uber.
The Lyft application process is relatively simple and you can often sign-up to be a driver right from Lyft’s site in just a few minutes. The site makes it simple to get started and in their pipeline and in a best case scenario you could be on the road in 3-5 days.
For others, it may take a little longer though and your application can get clogged up if there’s a problem with your car, background check, or another piece of your application.
Lyft does offer customer support for applicants but it can be difficult to get a hold of a knowledgeable rep and when you do, they’re not always the most helpful.
So let us help you avoid any snags with our wisdom.
Do not start an application. Yet.
If you go to Lyft’s website and start an application you won’t receive any type of sign-up bonus. In order to ensure that you earn a sign-up bonus with Lyft, you’ll need to use someone, anyone’s driver referral code. So before beginning an application, make sure you use a driver referral link to sign up.
If you’d like to sign up for Lyft using our code, here is the link to do so.
In fact, so many people routinely miss out on the sign-up bonus from being in a hurry that I have exclusively dedicated the rest of the article to sign-up bonus strategies. Lyft (and other companies) count on the fact that the majority of new drivers are desperately trying to click on buttons in the application process to get on the road as fast as possible, and therefore will not do their research.
It is important to find a link for a sign-on bonus before beginning an application with Lyft. The link you follow to start an application will determine whether or not you qualify for a sign-on bonus. If you do not apply by following the specific promotion link, you will not receive the promotion. You cannot apply a code retroactively nor can you write an email, send a letter, make a phone call, or petition your congressman.
If you do sign-up to drive with Lyft using my referral code, I’ll get an e-mail with your name and the bonus amount immediately. You can always e-mail me or leave a comment below to confirm that you entered the code correctly and how much of a sign-up bonus you’re entitled to.
So now let’s explore two common promotions before you start filling out that application. Please note, these two bonuses are the only type of new bonus offers that Lyft uses to recruit new drivers at this point in time.
Double-Sided Sign on Bonus (Standard Bonus)
This promotion requires that you use a referral link of another driver and complete a certain number of rides generally within 30 (or 50) days of being activated as a driver. As long as you hit the ride count within the 30 days, you and the other driver will receive the same bonus. You can check the bonus for your city here. It is worth noting that the current bonuses are the highest in Lyft history, so I would act sooner rather than later as they could disappear at any time.
- The sign-on bonus is on top of whatever you earn in rides. If you earn $450 for giving 50 rides, and the sign-on bonus is $250, you will get the $450 (rides) + $250 (bonus).
- The 20% commission that Lyft usually takes is not included in the bonus.
- Yes, you will have to eventually pay taxes on your bonus (You can learn more about taxes here).
Once you become a driver, you will have your own link that you can use to refer friends, family or passengers to get a double-sided sign on bonus. I have found this to be particularly helpful for those friends of mine that need work NOW.
Guaranteed Hourly Pay for the 1st Month
This promotion is only available in select markets and the terms vary by market. It is notoriously the most difficult of promotion to get and carries the most stipulations for eligibility. Generally the way this bonus works is: Lyft will guarantee a certain dollar amount per hour in each market. You drive like normal and Lyft will make up the difference in earnings if you do not meet them yourself. But there are quite a few restrictions, rules and regulations:
- You have to drive in an eligible city.
- Follow the application link within an advertisement for Lyft weekly guarantees, or using a referral code for the weekly guarantee promo.
- Fulfill the ride count, hour, and acceptance rate requirements for the week.
- The amount you actually receive still gets eaten by Lyft commissions.
I do not recommend going this route unless you are already experienced driving with Uber or Sidecar. Many drivers have reported issues with these hourly bonuses due to complicated terms and stipulations. A brand new driver will have a tough time balancing all this.
Once You Figure Out Your Bonus Strategy
Once you’re ready to sign up, you can go ahead and use our referral link to ensure that you will get the highest bonus available in your city and feel free to follow up if you have any questions about the application process.
If you haven’t started your application yet, follow this link to receive a sign-up bonus from Lyft!
Have any more questions? Ask us Anything!
PS – Next up! Now that you’ve secured a sign-up bonus, our next article will cover what is required for drivers, their cars, and what to expect during the application process. You can opt in below and you’ll get all that information and more! Already subscribed? Download the PDF here.
Latest posts by Harry Campbell (see all)
- Uber Increases Booking Fee And Effective Commission - February 22, 2017
- Rideshare Insurance Options For Uber and Lyft Drivers - February 17, 2017
- What Are the Top Issues Facing Uber Drivers in 2017? (My response to Jeff) - February 15, 2017