You might think you can’t earn personal rewards from work travel, especially if the cost is billed directly to your employer. But if you take Lyft for work and personal reasons, you need to know about the unique way you can earn multiple benefits with Lyft Business Rewards. The best part is that you can easily self-enroll in minutes — no need to worry about submitting an IT ticket or asking your manager.
What is a Lyft Business Profile?
A Lyft Business Profile is a free feature inside the Lyft app that separates your work rides from your personal ones.
If your employer has a Lyft Business account, like many medium to large companies do, you can link your work email, switch over to your Business Profile when you’re ordering a ride for a work trip and let Lyft handle the rest. Your work expenses stay in one place, and receipts go where they need to go. The result? Doing your expenses gets a lot less painful. And if you’re not sure whether your company is set up with Lyft Business, you just need a work email to check your eligibility.
But the best part of Lyft Business is the rewards you can earn, with the potential to triple-stack your personal benefits.
How to self-enroll in Lyft Business Rewards and start earning immediately
To get started, you’ll need the Lyft app and a work email tied to a company that has a Lyft Business account. Enrolling takes less than two minutes:
- Click the enrollment link to get started.
- Download the Lyft app if you haven’t already.
- Enter your work email to verify eligibility. Your company needs to have a Lyft Business account; if not, you may wish to check with your internal Travel Manager.
- Complete enrollment.
Once you’re set up, just remember to switch to your Business Profile before your next work ride.
What is Lyft Cash, and how much can you earn?
When you ride with your Business Profile active, eligible riders earn Lyft Cash automatically. No points to track, partners to transfer to or award redemptions to hunt down. You’ll earn the following for every eligible ride:
- 6% in Lyft Cash on standard business rides
- 8% in Lyft Cash on premium rides, airport trips and scheduled rides
Those percentages might sound modest until you think about regular road warrior travelers. Say you take four airport rides a month at an average fare of $45, and eight standard rides at around $20 each for client meetings or commuting between offices.
That works out to $180 in airport rides and $160 in standard rides, for a total of $340 in work Lyft spend. With Lyft Business Rewards, you’ll receive around $14 back from airport rides and $9.60 from standard rides — about $24 per month, just for rides you were already taking.
Over a full year, that’s close to $290 in Lyft Cash you’d be missing out on if you hadn’t enrolled in Lyft Business Rewards.
Your Lyft Cash is yours to spend however you want
You might assume that if you’re taking a Lyft ride for work purposes, any rewards would go to your employer. But you can spend the Lyft Cash earned through Lyft Business Rewards on personal rides to save money on weekend trips, or just getting home from dinner, with no minimum balance and no usage limits.
It posts to your Lyft account automatically and shows up the next time you need it. Just be aware that Lyft Cash expires 60 days after you earn it.
You can still earn rewards points on business rides
If you’ve already linked select airline and hotel loyalty programs to your Lyft account, you’ll also earn accelerated partner points or miles on eligible rides on top of your Lyft Cash
You can explore the current options inside the Lyft app under your rewards settings. Lyft recently expanded and updated its rewards program partnerships, so it is worth checking what’s currently available even if you looked a while back.
Bottom line
If you already take Lyft for work travel, it’s worth self-enrolling in Lyft Business Rewards. It’s free, takes two minutes, and you can earn generous amounts of Lyft Cash on your next ride. Plus, you can start redeeming Lyft Cash for personal rides straight away with no minimums.
Check your eligibility for Lyft Business Rewards here and start being rewarded for every work trip.
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.
Source: thepointsguy.com
