If you live in a relatively well populated area, you might depend on ride-sharing services such as Lyft to get from place to place. It’s convenient and it comes with certain advantages, like not having to own a car, make a car payment, or pay for car insurance, maintenance and the dozens of other things that automatically burn a hole through your pocket when you own a vehicle. That said, ride-sharing services can also be quite expensive, especially if you use them all the time. Fortunately, you can reduce those costs when you use a subscription service like Lyft Pink.
What Is Lyft Pink?
Lyft pink is a subscription service that you can choose to purchase directly from your Lyft app. The cost for doing so is $19.99 per month. The company will use the default payment that you have on file and they will also charge that payment method automatically each month. You can cancel the subscription at any time, but you will have to give them approximately 30 days notice in order to make sure that you don’t receive any more charges. If need be, you can even pause the subscription for a predetermined amount of time and then allow it to continue on. For example, if you know that you’re going on vacation and you’re going to be gone for a while, it might save you a little money to pause the subscription for a month and then allow it to resume once you return.
By far, the biggest benefit associated with Lyft Pink is a 15% discount on all of your rides. For some rides, that discount is applied automatically and for others, such as business rides, you have to complete the ride and then rate the driver before the discount is applied. Ultimately, the discount does apply across the board. There are also other benefits which might make it worth the almost $20 a month it costs for membership. For example, you can cancel three rides per month without being penalized financially, provided that you reschedule within 15 minutes of canceling. If you use GrubHub a lot, you also get a membership to that service along with your Lyft Pink subscription.
The GrubHub service itself costs $9.99 per month and you get it for free, plus you can waive all of your delivery charges through the subscription. If you book enough Lyft rides per month or use GrubHub often enough, these two things alone could effectively cover the cost of your subscription. That said, there are a few more benefits that might be worth looking at as well. When you have a subscription through Lyft Pink, you’re not charged any fees if you’ve accidentally left something in the vehicle. Without the subscription, you’re charged a fee if Lyft has to go back and look for something on your behalf. In addition, you get priority pick up at airports and you even have access to free scooter or bike rides, provided that service is offered in your area. It is worth noting that you get three of those types of rides free each month. It’s not unlimited, but it can be helpful.
Additional Savings Through Some Credit Cards
Another reason that some people really love Lyft Pink is because the company sometimes offers its members exclusive savings. For example, they may offer 25% off rides to and from the airport during some of the busiest travel times during holidays or something similar. The savings don’t end there, either. Depending on which credit cards you have, you might be able to see even more savings. For instance, credit cards from Chase, Delta and Hilton allow you to use travel points to book rides on Lyft, thereby saving you even more money. Even when you use the points to book rides, they still count through the subscription, so you’re still getting 15% savings. The end result is that you’re using fewer points to book rides and you’re not spending any cold, hard cash whatsoever. Furthermore, you can get membership in Lyft Pink free for an entire year, provided you have a Chase Sapphire credit card.
The Bottom Line
So, is a subscription to Lyft Pink actually worth the $19.99 that you’ll have to spend in order to get it? It all depends on how often you use the service. Typically, those who spend at least $135 a month on the Lyft rides can benefit from the subscription. That’s because you’re actually saving enough money to recoup the subscription fee and save a little extra money to boot. As previously mentioned, you might be able to benefit from buying a subscription if you use GrubHub often enough to benefit from a free subscription, not to mention not having to pay the delivery charges. The other way that membership can really benefit you is if you have a tendency to forget things a lot when you take Lyft rides. Every time you leave something in a car and they have to go back and get it for you, they charge you a $15 fee. They can get expensive if you do it often enough.
Therefore, you might benefit from a membership if these things apply to you. Otherwise, you’re probably going to end up spending more money on the membership than it’s worth. When it’s all said and done, membership in Lyft Pink can actually save you a lot of money in some circumstances. If that’s your primary method of transportation, it might benefit you to go ahead and purchase a subscription. This is especially true if you have a tendency to fly a lot, as you can save some money and get the priority pick up, something that can be worth a lot more than the $20 a month you’d spend on a subscription fee. At the end of the day, every person has to decide for themselves. That said, it’s nice that a subscription is available because it can truly be beneficial for some individuals.