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.
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)