To recap, the membership costs $19.99 a month and offers the following perks:
- 15% savings on all rides
- 3 complimentary bike and scooter rides a month
- Priority airport pickups
- Surprise offers and upgrades
- Free cancellations up to 3x a month when canceled and rebooked within 15 minutes
- Waived lost and found fees
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Exclusive partnership benefits, car rental perks and more
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Of course, being that we are TPG, we had to give it a try for ourselves. The verdict: After a month of being a member I would use it again but only during a busy travel month. Here's why.
The test drive
Since I live in New York City, I typically rely on the subway to get around. The only time I take a ride-share is when I'm traveling to and from the airport, if the train is extremely delayed (ahem, the L train on the weekend) or am visiting somewhere less accessible by public transit. However, December was a busier-than-usual travel month for me so I figured it was the perfect time to give Lyft Pink a try.
Related: I almost always choose Lyft over Uber — Here's why
In total, I booked 22 rides of which I canceled and rebooked two. All together that cost me $374.52 before the 15% savings and waived cancellation fees. With Lyft Pink, the total came down to $311.82 — that's a total savings of $42.70 after you account for the $20 monthly membership fee. That's a pretty a significant chunk of change — we're talking about two and half drinks here in NYC!
Read more: The best credit cards for Uber and Lyft
One of the biggest selling points of Lyft Pink is obviously the 15% savings on all rides, which I found to be particularly rewarding on rides to/from the airport. However, I also found a lot of value in the other perks offered. Specifically, the three free cancellation fees that are waived monthly if rebooked within 15-minutes. You know, for the times when you call a Lyft prematurely or when the driver takes too long.
During my membership, I took four rides to/from the airport. During the two airport pick ups I did, in fact, notice an emphasis on the priority airport pick up compared to past airport rides. This perk stood out to me specifically during one pick up when a guy nearby got audibly frustrated after a third Lyft driver had canceled on him. Meanwhile, I was picked up within minutes of calling.
Over the holidays, I received a special offer for an additional 25% off a U.S. airport pick-up but was unable to take advantage of it as I was out of airport trips. However, for the many people who were traveling during the holidays, this could have been very lucrative.
Finally, if it weren't winter, I would have definitely taken advantage of the three complimentary bikes. If I had used up the three Citi Bike rides, I would have had an additional savings of $9 — not bad.
Bottom line
Lyft Pink is a great deal if you spend at least $135 a month on rides. If it's any less than that, then you'll be losing money and won't be able to recoup that $20 fee.
I had a great experience with Lyft Pink, but I have put my membership on pause until March 2020 when my travels pick back up. In general, Lyft is my preferred ride-hailing service as it allows me to triple dip my points between Delta, Hilton and Chase while Lyft Pink allowed me to simultaneously save some money.
