Sign Up To Drive for Lyft Using My referral code to earn up to a $250 Bonus.
*Referral bonuses vary city to city and are subject to change periodically.
Promotions do change often but all referral codes are created equal, So no matter who’s referral code you use to sign up with, you will always receive the same amount.
$250 is the current sign up for San Francisco Bay Area as of 3/18/2017. 125 trips required in your first 30 days after approval to receive your bonus.
What is Lyft’s Referral Code For?
Lyft is constantly in need of new drivers. Especially as they expand into new cities. To help with their growth, Lyft offers drivers the opportunity to make extra money by referring new drivers to the Lyft platform.
This goes the same for drivers and passengers alike except that passengers receive the payment in the form of ride credit.
Most first-time riders that hop in my car like to tell me how their friends or family members referred them to check out the service.
Because growth is important in any business, Lyft incentivizes drivers and passengers by offering bonuses, ride credits, and discounts, for referring other people to use Lyft.
Why You Should Use A Referral Code
Without a referral code, you will not get a driver bonus. So if you plan on just going straight to their website to sign up to drive you will be losing out on money that you would make by simply using my code.
Discounts and referral codes are used to help attract people to your business. Nobody wants to give a discount when you are already planning on coming to their store anyways.
This goes the same with the referral bonuses. Why pay somebody extra money that already plans on driving?
That’s less money in Lyft’s pocket.
This is why you have to search the web instead of Lyft’s website to find a referral code to use.
Makes sense, doesn’t it?
The reason why is because Lyft doesn’t offer anything to people that go directly to them.
So, How Exactly Do Referrals Work?
Think about your cable bill for a second. There’s Comcast, AT&T, Verizon, etc… Let’s say you have tried them all and Comcast is the best in your experience.
So now, when your friends are thinking about switching cable companies you will always recommend Comcast to them.
Not only that, Comcast is offering you and your friend a $50 credit on your bill for every friend or family member that you refer.
Your friend just has to give the company your name and phone number when they sign up to receive the credit.
This is the same Idea with Lyft, only you get a cash bonus for recommending drivers to sign up with Lyft.
Lyft knows who refers who because every driver and rider have a unique referral code that notifies Lyft who the referee was.
Requirements To Earn Lyft’s Driver Sign-Up Bonus
There are only a few requirements to earn a bonus and none are very difficult.
- You must be a new driver when signing up for Lyft. If you have experience with other rideshare companies like Uber that is OK.
- You must sign up using a referral code (Link applies invite code automatically).
- Become approved to drive within 30 days of signing up
- You must complete a certain amount of trips within 30 days of being approved. This can vary from 10 trips to over 100 trips.
Lyft Offers Double-Sided Referral bonuses
The cool thing with Lyft is both the referee and referral can earn a bonus once the referral completes the requirements.
For example, In San Francisco when you use my link and complete the required trips. You will receive a $250 bonus, but I will receive a $250 bonus as well for referring you.
Of course, this really depends on the city you drive in. Some bonuses the referee will get more than the referral or vice-versa.
Like I said earlier, it doesn’t matter who’s code you use because all codes are created equal. So if you see one person promoting a referral code with a $500 bonus and another person promoting a $300 bonus.
You could use either code and the amount you receive wouldn’t change since it’s based on your city, not the invite code.
Once you sign up to drive, Lyft will give you your own person referral code to invite other drivers so you can earn more with the double-sided bonus.
What Bonus Does Your City Offer?
Lyft used to post the bonuses available for each city they were in, but they don’t keep that information public anymore.
The easiest method of find out the referral bonus in your city now is by just signing up.
Go through the application process and Lyft will send messages letting you know the bonus in your city as you are waiting for approval.
But, if you really want to know beforehand, you should send Lyft a message with the city you are in to see what the current referral bonus is.
When Will You Get Paid Your Referral Bonus?
If you are the referee, you must first wait for your referral to finish signing up and complete the trip requirements for their city.
Once the requirements have been completed, you should give it up to 48 hours for your bonus to reflect in your current pay statement. Any longer and I would send Lyft a message asking what’s up.
Depending which day of the week the requirements are completed, it should take 1-2 weeks to receive your referral bonus.
After you finished the requirements to get the bonus, if you want to stop driving, no one is stopping you.
Note: Currently, Lyft is paying referral bonuses based on a per ride basis. If you receive a $500 bonus that requires 100 trips to complete, this means Lyft will pay you $5 per ride up to $500 in your first 30 days.
If you complete 50 trips then Lyft would have paid you only half of the bonus ($250). I’m not sure if this is in every market or how long this payment structure will last before reverting back to the original method.
What If I Forget to Input a Lyft Referral Code?
At the moment Lyft does not honor any referral codes if you forget to input one. The easiest way to keep yourself from forgetting to input a code is by signing up through my link right now. The code is applied automatically so you don’t have to worry about forgetting.
Don’t Feel Like Driving for Lyft But Want Some Free Ride Credit?
You can still earn up to $20 in free ride credit to apply towards your first few rides with my Lyft Promo Code.
Haven’t signed up with Lyft yet? Check out the 7-step application process here