Chase and Lyft have partnered to offer various benefits over the past number of years, including increased point earnings and Lyft Pink membership. The partnership was slated to end on March 31, 2025.
It’s been announced an extension of the partnership which will be valid from April 1, 2025 through September 30, 2027. Changes include lower points earnings, but a new $10 monthly credit on the Sapphire Reserve card.
- Sapphire Reserve and J.P. Morgan Reserve cardholders get a new monthly $10 in-app credit (sounds like a coupon discount at checkout, not a statement credit on the card). The credit will not be valid ons Wait & Save rides, nor on bike or scooter rides. Cardholders will earn 5x points per dollar (total) on Lyft purchases. That’s down from the previous 10x earn. Also no Lyft PINK benefit (that ended long ago).
- Sapphire Preferred cardholders will continue to earn 5x points per dollar (total) on Lyft rides.
- Chase Freedom cardholders (all card varieties) will earn 2%/2x per dollar (total) on Lyft rides. That’s down from 5x.
- Chase INK cardholders (all card varieties) will continue to earn 5%/5x per dollar (total) on Lyft rides.
Overall I’d say a net positive to get the $10 credit, though heavy Lyft spenders might have preferred the 10x rewards on Sapphire Reserve.
The jury is still out whether any of these credits and benefits actually save you any money since it’s possible their algorithm accounts for it and charges you more. Which makes for another nice thing about the $10 credit: if you take a low cost ride, you’re guaranteed to have saved something by having the Sapphire Reserve card.
Lyft does allow for money-add loads in the app with a minimum of $25. It’s possible you’ll be able to load up your Lyft with $25 and thus trigger the $10 credit that way. We’ll have to wait for confirmations on this.
Chase Peloton Partnership
The Chase & Peloton partnership has also been extended through December 31, 2027:
- Sapphire Reserve Cardmembers will continue to earn 10x total points on eligible Peloton Bike, Tread and Row purchases over $150 with a max earn of 50,000 total points.
- Sapphire Preferred Cardmembers will continue to earn 5x total points on eligible Peloton Bike, Tread and Row purchases over $150 with a max earn of 25,000 total points.
Hat tip to VFTW