Chase has updated their travel rewards credit card program to include three of the most popular ride-hailing services: Lyft, Door Dash and Earny. With this new offering, Chase is highlighting a good example of how they are using blockchain technology in more than just digital currencies.
If you are a Chase Sapphire card holder, you can get a free ride from Lyft, Door Dash and pay yourself back the benefits.
Lyft, Door Dash, and Pay Yourself Back Benefits are all updated by Chase.
on April 2, 2022 by Gary Leff
I am compensated for the content and several links on my site. Citibank, American Express, Chase, Barclays, and Capital One are all advertising partners on this site. My advertising partners have not reviewed, authorized, or supported any of the thoughts stated in this article. I don’t write about all credit cards; instead, I concentrate on miles, points, and cash back (and currencies that can be converted into the same). The offers and advantages described on this website are subject to the terms.
Customers that use premium credit cards are vital to businesses. Companies of all types are prepared to pay banks to promote to their cardholders. In return for access to such consumers, banks are sometimes given services to provide to their customers for free. These merchant-funded offerings are a wonderful bargain for everyone involved: the bank receives a benefit for free or at a minimal cost, the client receives the benefit, and the brand gets to sell to a valuable customer niche.
These agreements, however, might be risky. They’re only contracted for a certain amount of time, and it may not be economically viable for a company to continue. It makes no sense to continue offering discounts to everyone once they’ve gotten the customers they’re going to get.
However, Chase has extended Lyft and DoorDash incentives that were supposed to expire. I wouldn’t be shocked if the rules were changed in favor of ridesharing and food delivery firms, since losing them would be difficult for Chase.
Because American Express owns Uber (and hence Uber Eats), Chase requires Uber’s rivals. Plus, before to the pandemic, when Chase announced an increase in the annual charge for their Reserve card, these perks were a big part of the story.
Lyft Earnings Are Expected To Last At Least Until March 2025
Increased Lyft point earning was supposed to cease on March 31, 2022, however it was extended until March 2025.
- On Lyft trips, Chase Sapphire Reserve cardholders continue to earn 10x points.
- On Lyft rides, Sapphire Preferred, Chase Freedom, Freedom Unlimited, Freedom Student, and Ink cardholders get 5x (or 5% cash).
The Lyft Pink membership is no longer included in the deal.
Benefits of the DoorDash co-brand are also extended.
DashPass is DoorDash’s paid subscription that reduces the cost of fees on most deliveries, but it’s only available to Chase cardmembers. This is a benefit to cardmembers, and it encourages customers to use DoorDash (potentially) instead of competitors like UberEats, with some even converting to paid DashPass subscribers.
Chase is extending its gratis DashPass offer to co-brand cardholders until 2024. Eligible co-brand cardholders* who have never utilized the Chase DashPass perk will have until December 31, 2014 to sign up for one year of DashPass for free.
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Customers are automatically enrolled in a monthly membership, which is now $9.99, after their free DashPass expires, so set a calendar reminder to unsubscribe.
Updates to Repay Yourself
Under the ‘Pay Yourself Back’ branding, Chase’s own-branded cards allow you to use points to offset card expenses in particular areas that vary from time to time. This was established as a one-time benefit during the epidemic and has now become a permanent benefit.
The following categories are now accessible as of April 1:
- Giving possibilities have been extended through December 31, and additional Ukraine charities have been added.
International Rescue Committee, Inc. (IRC) and UNICEF USA have been added to Chase’s list of charities for which cardholders may redeem points for statement credits on contributions made to these organizations providing help in Ukraine. This is in addition to the existing charities International Medical Corp (IMC) and United Way World Central Kitchen (WCK), both of which are assisting in the Ukraine effort.
- 1.25 cents each for Chase Ink Business Preferred and Ink Plus against internet, cable, and phone subscriptions, as well as some charity donations.
- For internet, cable, and phone services, as well as some charity donations, Chase Ink Business Cash and Unlimited are worth 1.25 cents each.
- 1.5 cents each against Airbnb, eating at restaurants (including takeout and qualified delivery services), and some charity donations, as well as the yearly fee on the Chase Sapphire Reserve (Chase seems to continue to be nervous about having raised the annual fee on this card).
- Against Airbnb and some nonprofit organizations, Chase Sapphire Preferred is worth 1.25 cents each.
- Chase Freedom, Freedom Flex, and Freedom Unlimited are worth 1.25 cents each when used to donate to certain charities.
More From the Wing’s Perspective
Chase updates Lyft, Door Dash and Pay Yourself Back Benefits. The Chase app is a great way to earn cash back on travel expenses. Reference: how to activate dashpass chase.
Frequently Asked Questions
Is Chase extending pay yourself back?
A: In a word, yes. But it will be in the form of an additional credit back to your account for each month you continue on the program.
Does Chase Sapphire have LYFT benefits?
A: There are no LYFT benefits associated with Chase Sapphire.
Does Chase renew pink Lyft?
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