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Lyft Driver Guaranteed $1200 Per Week Bonus Details

Lyft driver guaranteed $1200 per week promotion ad

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Lyft driver guaranteed $1200 per week promotion

If you have looked into becoming a Lyft driver recently, you may have heard about Lyft’s $1200/week guarantee. I got an email about this last week and thought it sounded too good to be true, so I started digging a little deeper. After a lot of research, it turns out that Lyft is actually offering a guaranteed paycheck of at least $1,200 per week in certain cities. It sounds crazy, but it’s true!

Difference from hourly guarantees

The difference between the $1,200 guarantee and hourly guarantees comes down to this; the $1,200 guarantee nets you a LOT more money than hourly ones. Depending on your city, Lyft offers hourly guarantees (usually on the weekends) that range from $10-$35. In a given week, with the guarantees, you will likely make around a few hundred dollars. This promotion, however, offers $1,200 guaranteed, meaning you will blow the other promotions out of the water, without question.

How it works

New Lyft drivers in select cities are promised a guaranteed $1,200 per week for their first 4 weeks of driving. If they don’t hit that amount on their own with ride fares, Lyft will make up the difference. In order to be eligible for the weekly guarantee, drivers must fulfill a few requirements.

Step 1 - Selecting the right promo code

First, drivers must apply through an application link or use a promo code specific to the Lyft weekly guarantee promotion, and then be approved in a city eligible for the promotion.

Step 2 - Getting approved

Next, drivers must be approved within 30 days of submitting their completed application.

Step 3 - Fulfilling the weekly incentive requirements

If the driver fulfills the first two steps by using the correct promo code then getting approved to drive within 30 days of applying, their week then begins and they are required to meet a few requirements before they can get the weekly guarantee. Each week, drivers must give 60 rides, stay in driver mode for 50 hours, and maintain a 90% weekly acceptance rate in that week. The first week starts at 5 a.m. on the first Monday after approval.

The 60 rides can be any type of ride, including Lyft Line rides. This makes getting 60 rides very easy, especially if you are in a high-traffic city like San Francisco where Lyft Line is the preferred way of getting around town.

The next thing to note is that the required 50 hours in driver mode is pretty much no strings attached. You don’t have to give a certain amount of rides per hour during those 50 hours. As long as you are in driver mode, you could give no rides one hour, and ten the next, both hours still count towards the 50.

However, you MUST maintain a 90% acceptance rate for the entire week. Only accept 85%? You don’t get the bonus. To be honest though, if you are driving and don’t get sidetracked, you should have no problem meeting this requirement. Just make sure to log out of the app when you are done driving.

Don’t let the high ride and hour requirements freak you out. If you are dedicated enough to driving, meeting these requirements really won’t be that hard, and will be a lot easier than they seem once you get behind the wheel. Driving on the weekend alone will knock out half, and in a city like Los Angles or San Francisco, it will be a breeze.

Calculating the Guaranteed Amount

When calculating the $1,200 every week, drivers will take into consideration pretty much everything they earn, including normal ride fares, Prime Time, and tips. However, they should not count tolls, Trust & Safety fees, and airport fees when calculating the amount. Calculating these guarantees is pretty much the exact same as calculating standard weekly guarantees, but this one just pays a lot more.

You can visit the official Lyft Help Center if you have more questions about weekly guarantee requirements.

Additional terms (Directly from the Lyft website)

Please note that the following terms apply, and are subject to change:

  • Weekly guarantees are based on pre-commission ride payments and tips, and any resulting bonuses are subject to Lyft’s commission.
  • Power Driver Bonuses do not apply to the Lyft commission that is taken out of weekly guarantee bonuses.
  • Eligible drivers cannot also receive a new driver referral bonus — only one code can be applied upon applying to drive with Lyft.
  • Lyft driver eligibility and approval is determined at the sole discretion of Lyft, and is not guaranteed.
  • The duration of the application review process may vary.
  • Participation in this promotion is subject to Lyft’s terms of service.
  • This promotion runs for a limited time only and may be suspended or ended at any time in Lyft’s discretion. The amount of the guarantee varies by market and time of application and may be changed in Lyft’s discretion.
  • Only the first 1,000 applicants in Los Angeles, CA to apply for this promotion will be eligible.

 

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