This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Ride-hailing companies have been coming up with schemes to ditch your car for good, and Lyft seems to be dead set on that. Starting today, Lyft is launching an “All-Access Plan” for riders across the country where they can subscribe to a monthly plan for a set amount.
The Uber rival has been piloting a program like this for months now, but this is the first time it will be available to the general public and everywhere Lyft operates in the US.
While the test plans had different costs, and the number of rides you could take varied, Lyft has settled on a one-size-fits-all plan where a user can pay $299 a month for 30 rides that are worth up to $15 each. So if your ride goes over the $15 limit, you’ll have to pay the difference. However, if you do subscribe to an “All-Access Plan” you’ll enjoy 5% off every additional ride.
Unlike the pilot, which only allowed rides in regular Lyft’s, you’ll be able to use the credit toward shared Lyft rides (think Uberpool), so you may be able to stretch the credit for long-distance rides.
If you’re able to maximize the deal, you can come out about $150 ahead in rides each month, although that means you’ll have to take 30 rides that are exactly $15 each. Unless you’re taking the exact same route everyday, it’ll likely be tough to truly maximize this — especially considering Lyft’s variable pricing. To at least break even, each ride would have to cost about $10. That said, it’s appears to be a solid option for commuters and others who use the ride-hailing service frequently.
“This is the first step toward delivering on our goal of making car ownership optional, and we’re constantly looking for more ways to provide passengers with the easiest, most convenient options possible,” the company wrote in a blog post.
Lyft recently launched a program dubbed Ditch With Lyft in select cities where it’s paying people to do away with their cars in lieu of monthly Lyft credit, a Zipcar credit and a bikeshare credit to show that people can easily get around without owning a vehicle.
For points collectors, this could be an easy way to rack up points since cards like Chase Sapphire Reserve and Chase Sapphire Preferred Card earn 3x and 2x points, respectively, on all Lyft purchases. It can be tough to earn bonus points, if any at all (without paying a fee at least), when making a monthly car and insurance payment.
Unfortunately, you can’t use the credit toward Lyft scooters and bike-share programs (the company recently purchase Motivate, which operates bike-share systems around the country) — but Lyft hopes to add access to them in the future through its subscription plan.
Uber has its own flat-fare program that its been rolling out to targeted riders where you can lock in flat fares between two destinations by paying a monthly fee.
You can sign up for an All-Access Plan here.
Featured image by ANGELA WEISS/AFP/Getty Images.
Know before you go.
News and deals straight to your inbox every day.
NEW INCREASED OFFER: 60,000 Points
TPG'S BONUS VALUATION*: $1,200
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel