Harry here with our final sign-up bonus update of 2016. The holiday season is here, and with plenty of travelers, shoppers, and revelers running around, it’s usually a time of high demand. Here’s the lowdown on the sign-up bonuses you can expect from Uber, Lyft, and others in the coming weeks – and how to make sure you’re getting the most cash for your time!
And in case you missed them, here are our last few sign-up bonus updates:
- October Sign-Up Bonus Update: Juno Enters The Fray
- September Update: Is Uber Ditching Sign-Up Bonuses?
- August Update: Busy Schedules Means More Trips!
Uber: It’s In The Fine Print
Uber doesn’t publish a list of current sign-up bonuses, and the amount you’ll receive varies widely by city – from $0 all the way up to $1,000. (The best way to find out the current bonuses though is to submit an inquiry via the ‘help’ section of the driver app or contact Uber through their website and ask.) If you find out you’re eligible, you’ll need to read the fine print.
Typically you’ll need to complete between 25 and 75 rides in your first month to earn the bonus. Don’t believe other sources online that promise huge bonuses by using a certain referral code – the amount you’ll receive is the same no matter who refers you. It all depends on where you live!
If you’d like to use me as your referrer, enter my referral code (3e3dg) or use this link to begin your driver application.
If you signed up in the last week or two but forgot to enter my referral code, you may be in luck – Uber will typically allow for retroactive referrals within 15 days of activation. Contact Uber through the app or website and let them know you signed up but forgot to enter my referral code (3e3dg) and wanted to confirm the bonus. Send me a note, too – I’ll do everything I can to make sure we both get paid!
Guarantees ≠ Bonuses
Back in September, we reported a change Uber made to its sign-up bonus program in various cities across the US. The change was pretty major: Instead of offering new drivers a cash bonus on top of their fares, Uber instead decided to offer “guaranteed earnings” instead of a sign-on bonus.
The trouble was that most drivers would earn the guarantee amount through fares alone – without any extra bonus. After completing their ride requirement, many were frustrated to learn that they wouldn’t be getting any extra money from Uber at all, having already earned the promised guarantee amount by working.
In response to the outpouring of frustration from new recruits, Uber relented and returned to sign-up bonuses in some areas – but not all of them. If, after signing up, your welcome email includes info about a “guaranteed total payout,” bear in mind that this may just be Uber’s way of telling you that they aren’t offering sign-up bonuses in your area – so don’t expect anything extra once you complete those 75 rides.
Here’s the e-mail I got about the new change:
Note that this e-mail only applies to drivers in Los Angeles, since that’s where I’m a registered driver. So if you sign up to drive with Uber in Los Angeles, your best offer (as of 11/29/16) is a ‘guaranteed earnings’ offer of $840 after you complete 75 rides.
If you’re in another city, your bonus or guarantee offer will be based on your sign-up city regardless of who’s link you use. So if you’d like to sign up using my link, you can do so here.
More info on how sign-up bonuses work here.
Lyft: Bonus As Usual
Although Lyft is just as secretive about their bonus amounts as Uber, they are thankfully much more transparent about how they work. There’s still some fine print – in particular, you’ll need to pay close attention to the number of rides you’ll need to give before you’re eligible for a bonus – but other than that, Lyft’s new driver incentives are pretty straightforward. Like with Uber, Lyft’s bonus offerings vary widely by city. Some areas may have none, while bonuses in busy areas like Los Angeles or New York have been known to top $500.
Although sign-on bonuses tend to fluctuate throughout the year – the holiday season is typically your best bet for scoring the best bonus you can get. As on-demand workers take time off to be with their family and friends, hundreds of thousands of people are hitting the road (and the sky) to see their loved ones – and they need rides. To find out what’s going on with bonuses in your city, feel free to contact Lyft and ask, or go ahead and sign up with my referral link to start earning that bonus right away.
Juno: Low Commissions For Higher Earning
Juno is new to the rideshare scene, and although the service is only active in New York right now, they’re accepting applicants from all over as they try to expand – and to sweeten the deal, they’re offering 24 months of guaranteed 10.5% commission. Learn about what it’s like to drive for Juno here or go ahead and sign up now to lock in that lowered commission.
Juno recently completed its 1,000,000th ride in NYC – a huge milestone given how thoroughly Uber and Lyft have dominated the rideshare scene in recent years. Juno offers some great perks to drivers, on the (correct) assumption that, as the basis of any rideshare app, they ought to be treated fairly. Uber takes cuts of up to 25% out of each fare (or more); with Juno, that cut is only 13%. Although that may not seem like a huge difference, that percentage applies to every single ride – and thus to every single paycheck.
Delivery: ‘Tis The Season
Did you know that you can make just as much money, if not more, by delivering food instead of people? It sounds strange, but in many areas, it’s true. Food delivery customers are expected to tip – and the vast majority do so. These tips can add up to a lot of extra cash in your pocket. Plus, in terms of miles-per-day, working delivery can be easier on your gas tank (and wallet) – you can expect to spend at least a portion of your time hanging out at restaurants waiting for food to be ready, rather than cruising around hunting for pings.
Now is the busy season for food delivery – colder weather and busier schedules mean that more people want to eat in. Although most delivery outfits’ sign-on bonuses pale in comparison to those available from Lyft, et al., they can still put some extra cash in your wallet. DoorDash offers sign-up bonuses up to $250 in select cities. To find out the current DoorDash bonus in your area, send an email to [email protected] or click here to sign up for DoorDash using our affiliate link.
Another major player in the delivery game is Postmates. Postmates’ sign-on bonuses remain high – up to $200 in some cities. This is another great way to dip a toe into the delivery waters; or, if you’ve already delivered with DoorDash, Postmates will be a piece of cake. Go ahead and grab those bonuses by using this link to sign up for Postmates.
If you like getting paid instantly for the work you do (and who doesn’t?), DailyPay offers a great program that helps you cash out every time you hit the road. Previously, the service was only available to Uber drivers but recently Uber changed their security measures and DailyPay no longer has access to Uber driver’s earnings statements. So unfortunately, if you’re looking to cash out your Uber earnings with DailyPay, you won’t be able to. You do still have the option to use Uber’s Instant Pay though or ActiveHours through their new Uber API Integration.
And although DailyPay no longer works with Uber, the company has expanded to accept DoorDash, Postmates, Instacart and Fasten earnings as well. This is a cool integration because now you can work for multiple services in one day and still get a single payment at the end of the day.
What are your plans this holiday season: more driving, less driving, or are you signing up for a new rideshare or delivery service?
Are You Keeping Track of Your Rideshare Earnings?Every 1000 business miles = $545 in tax deductions. That means you have to track your miles and earnings. QuickBooks Self-Employed helps you track all of that quickly.
-Harry @ RSG
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