Note – Uber has been moving away from sign up bonuses and toward guarantees, which are very different from sign up bonuses. Click here to learn more about Uber guarantees. Some markets still offer bonuses (below) but most markets likely have shifted to guarantees.
I’ve worked all sorts of different jobs in my life, but it wasn’t until I started driving for Uber and Lyft that I got my first ever sign-up bonus. I always thought that sign-up bonuses were reserved for executives or athletes, but apparently rideshare drivers can get them too (although, of course, no where near the same amounts as athletes or execs!).
Rideshare sign-up bonuses can fluctuate wildly by market and time of year, but it’s not unheard of for a brand new driver to be offered $500 just to sign up and do 75 rides (on top of the pay you get for doing the rides). [Note – many of these bonuses have shifted to guarantees]. I’ve always found it odd that these companies will pay drivers so much money to get started, but the hourly pay is only in the $10-$20/hr range. It’s sort of like hiring someone to work at Hot Topic for the summer and giving them a huge sign-up bonus. Huh?