Hilton and Lyft Launch New Partnership With Bonus Points on All Rides
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Double-dipping with points and miles is one of the best ways to boost your account balances and reach awards more quickly. We’ve recently seen partnerships launch with this exact goal in mind, including Hyatt and American teaming up to go along with the existing RewardsPlus program with Marriott and United. And today, you can add another to the list, as Hilton and Lyft are getting into the action with the announcement of a new partnership to make your travels even more rewarding.
As of Tuesday morning, you can link your Hilton Honors and Lyft accounts at this link and begin earning bonus points on all rides. Members will earn 3 Hilton bonus points per $1 spent on Lyft rides and 2 Hilton points per $1 spent on Lyft shared rides up to $10,000 in total Lyft spending every year. Based on TPG’s most recent valuations, this is an additional return of 1.8% on regular Lyft rides, and if you max out the bonus, you’d take home 30,000 Hilton points every year.
It’s worth noting that these earnings will be based on the cost of the ride itself and will thus exclude any local taxes or surcharges along with tips that you choose to add at the end of the ride. These earnings will also be in addition to any points or miles you’d earn on the credit card you use for the ride. Top picks include the Chase Sapphire Reserve, which offers 3x points on all travel purchases (excluding $300 travel credit), or the Citi Premier Card, which also offers 3x points on travel.
One of the best things about this new partnership is how it will interact with Lyft’s existing agreements with Delta SkyMiles and JetBlue TrueBlue. Travelers who’ve linked their Delta and Lyft accounts can earn 1 mile per $1 spent on all rides or 2 miles per $1 spent on all airport rides. Meanwhile, you can earn 30 JetBlue TrueBlue points on every airport ride you take with Lyft. We reached out to Lyft to confirm that this new Hilton partnership can be “stacked” with one or both of these offers, and a spokesman confirmed that “riders will be able to earn across all our partnerships.”
Here’s an example of how rewarding a $50 airport trip could be as of today:
- Standard credit card earning on the Sapphire Reserve: 150 points (worth $3)
- Delta SkyMiles: 100 miles (worth $1.20)
- JetBlue TrueBlue: 30 points (worth $0.42)
- Hilton Honors: 150 points (worth $0.90)
- TOTAL VALUE: $5.52
This results in an overall return of 11.04%, and the best part is that it all happens automatically. All you need to do is link your three accounts and your Lyft rides will become much more rewarding.
Expanded Benefits to Come
In addition, Tuesday is just the initial launch of the new partnership, as the two companies expect to add the ability to redeem Hilton points for Lyft rides later this year. While there’s no definitive timeline nor any indication of what type of redemption value these awards would provide, it’ll be nice to have an additional option for using your points, though booking award stays may wind up offering superior value.
I had a chance to chat with Mark Weinstein, Senior Vice President and Global Head of Customer Engagement, Loyalty and Partnerships at Hilton before this new partnership went live, and here’s how he summed it up:
“We’re incredibly excited to partner with a like-minded brand that thinks about customers in the same way we do, with a focus on how to make travel better for our shared customers. We’re both focused on innovation and also think about the impact to our communities and environment, aiming to reduce our environmental impact and enhance our community involvement. This is also the first stage of a very long journey, where our brands will create things that we can’t even imagine today.”
It’ll be interesting to see what else this partnership has in store for the future. Lyft’s main competitor (Uber) is now a publicly-traded company, and it’s worth noting Uber’s close relationship with American Express through the up to $200 in annual credits provided on The Platinum Card® from American Express. And of course, American Express is the exclusive issuer of Hilton’s cobranded credit cards like the Hilton Honors Aspire Card from American Express, so it’s easy to envision an additional perk to add even more value to the Aspire Card in the future.
Weinstein wouldn’t confirm this is even under discussion but did say that everything is on the table, and that the two companies (Hilton and Lyft) are focused on enhancing the travel experience for members and innovating moving forward.
It’s terrific to see a new partnership like this one between Hilton and Lyft, especially when you simply need to link your accounts to start utilizing it. While we don’t yet know details on how you’ll be able to redeem Hilton points for free rides, you should definitely link your accounts now to unlock additional value the next time you need a Lyft.
Featured photo by Smith Collection/Gado/Getty Images
This card from Bank of America gets really interesting if you have a BofA checking, savings or investment account. Depending on the value of your combined accounts you can potentially get as much as 3.5x points on travel/dining and 2.625x points on other purchases making it the richest consumer banking bonus out there.
- Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening
- Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
- If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
- No limit to the points you can earn and your points don't expire
- Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
- Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
- No Foreign Transaction Fees
- Low $95 annual fee