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Stack Lyft car rental offers for a 20% discount and bonus American miles

May 25, 2022
7 min read
Hyundai Ioniq Hybrid Lyft rental car
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In case you didn’t know, Lyft is much more than just a glorified taxi service. You can rent bikes, electric scooters and even cars — all through the Lyft app.

While it may seem unusual to rent a car from a ride-hailing service, you’ll find competitive prices and several layers of promotions that can make Lyft the go-to agency for your next rental car.

For a limited time, you can save 20% on your Lyft car rentals and earn bonus American Airlines miles and Loyalty Points by stacking two targeted offers. The discount and added bonus miles can make your next rental less expensive and much more rewarding, which are both important given rental cars are still more expensive than they were in years past. These deals were first brought to our attention by Frequent Miler.

Let's take a closer look at these offers and how to use them to save on your next Lyft rental car.

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Use these deals to get the biggest return on Lyft rental cars

Stack two offers to save big on your Lyft rental car. (Photo by David Paul Morris/Bloomberg/Getty Images)

There are two offers out there for Lyft rental cars: one from Citi Merchant Offers and another from American Airlines SimplyMiles. Both are targeted offers, but many TPG staffers have been targeted for both.

Lyft 20% discount via Citi Merchant Offers

Citi Merchant Offers provides targeted statement credits for purchases you might make anyway. They act sort of like Amex Offers in that you simply add them to your card and will be automatically rewarded after using your card with select merchants. You must be a Citi cardholder to use Citi Merchant Offers.

Check your Citi cards for the following offer: 20% back on your first Lyft Rentals purchase. Here’s what you need to know:

  • You can save a total of $50 with this deal.
  • You must use an eligible Mastercard to make the purchase.
  • The discount won’t work for Lyft ride-hailing services.
  • This offer expires July 31.

These are pretty straightforward terms. Due to the $50 rebate cap, you’ll max out this offer by spending $250 on a rental car.

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You can see if you’re targeted for this deal here.

Related: How to snag statement credits on travel, dining and more with Citi Merchant Offers

9X American Airlines miles and Loyalty Points on Lyft rentals through SimplyMiles

SimplyMiles is a portal that operates similarly to Citi Merchant Offers. You can add deals with select vendors to your card, but instead of statement credits, you’ll earn bonus American Airlines miles. You’ll also earn bonus Loyalty Points, which are needed to earn American Airlines elite status.

Anyone with an AAdvantage account can sign up for SimplyMiles. However, you can only add Mastercards to SimplyMiles.

Currently, you’ll earn 9 AA miles and 9 Loyalty Points per dollar on your first Lyft car rental. Here are the details:

  • You can earn a total of 2,325 miles and Loyalty Points with this deal.
  • You must use an eligible Mastercard to make the purchase.
  • The discount won’t work for Lyft ride-hailing services.
  • This offer expires July 31.

These are very similar terms to the above Citi Merchant Offer. With the ability to earn 2,325 miles from this promotion, the magic dollar amount is $259 to max out the offer. If you have a Citi-issued Mastercard, add both the Citi Merchant Offer and SimplyMiles offer to your account to stack your earnings.

(Screenshot from simplymiles.com)

You can see if you qualify for this SimplyMiles deal here.

Related: Earn American Airlines miles and Loyalty Points with the SimplyMiles program

Lyft Rentals benefits

It's worth noting that Lyft has its own rental car agency in select cities in California. When you book a rental car directly with Lyft, you’ll get a handful of perks and conveniences that can potentially save you a bundle. For example:

  • You’ll get a $20 Lyft credit per rental (which you can use to get to and from the Lyft rental location).
  • Additional drivers are free.
  • You don’t have to return the car with a full gas tank — Lyft will charge you the local market rate for gas, with no fees.
  • You can add extras like child seats, ski racks, phone chargers and more for free.
  • Unlimited mileage.

Outside of the Golden State, your rental may be fulfilled by Sixt and not have benefits like free ski racks. However, your rental should still qualify for the Citi and SimplyMiles offers and be eligible for these perks:

  • You’ll get a $10 Lyft credit per rental (which you can use to get to and from the Lyft rental location).
  • Choose the exact make and model of your rental before you arrive.
  • Unlimited mileage.

Related: Everything you need to know about Lyft’s game-changing rental car service

Is this a good deal?

(Photo by Andrew Kunesh/The Points Guy)

Lyft Rentals appear to be aggressively priced, so the additional discounts you’ll receive through these limited-time offers make renting even sweeter. Let’s do some quick math, assuming you’ve managed to book a $250 car rental reservation:

  • You’d receive $50 back thanks to the Citi Merchant Offer 20% statement credit.
  • You’d receive 2,250 American Airlines miles through the SimplyMiles offer of 9 miles per dollar spent. TPG estimates the value of AA miles to be 1.77 cents each, meaning you’ll get an effective return of $39.83.
  • You’d earn 2,250 Loyalty Points toward American Airlines elite status (the lowest status tier requires 30,000 Loyalty Points).
  • You’ll earn rewards from whichever Mastercard you’ve decided to use for your purchase. If you’re using the Citi® Double Cash Card, you’ll get another $5 back.

Not counting the benefits offered by Lyft Rentals (such as free additional drivers and complimentary child seats), you’ll get an effective return of $94.83 for your $250 rental car. Plus, you’ll get a healthy boost toward earning AA elite status. That’s an excellent deal.

However, one significant deterrent is that the most popular Mastercard credit cards, such as those issued by Citi, do not offer primary rental car insurance. You may have to buy insurance from Lyft if you want coverage — or just use your personal insurance if something goes wrong.

Purchasing a rental agency’s in-house insurance can be expensive and negate your savings with these deals. Additionally, it’s possible that Lyft Rentals may not be covered by credit card rental car insurance. Lyft is genetically a ride-hailing service, though the company wears more than one hat. Lyft’s FAQs indicate that you should be fine, but we haven’t tested it for ourselves.

Related: How to never pay full price for a rental car

Bottom line

If you’re in the market for a rental car in the near future, stacking the current targeted Citi Merchant Offer of 20% back on Lyft Rentals with SimplyMiles’ promotion of 9 AA miles and Loyalty Points per dollar spent is an excellent deal. You’ll even get a slew of extra benefits you won’t find with many other rental agencies, such as free child seats, additional drivers and sports equipment racks.

The biggest caveat is that you may need to either buy rental car insurance from Lyft or use your personal insurance to cover your reservation.

Featured image by (Photo by Andrew Kunesh/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023