If you’re looking to make extra money while working your own hours, then sign up to drive using a Lyft driver promo code to receive a cash bonus up to $5,000 (not a typo)!
Lyft is giving away some crazy bonuses as part of their current ongoing promotions, so make sure to get in on it while you still can!
Lyft Driver Promotions For May 2017
In order to claim these exclusive, lucrative bonuses, new drivers will need to sign up using a special Lyft driver referral code.
Entering this code will be the key to your bonus, and unlock massive sign-on bonuses that are worth anywhere from $10 all the way up to a whopping $5,000, depending on the city you sign up to drive in.
When entering a new driver referral code, there are a few important terms to note:
- The referral code must be entered during the first step of the application process
- If you don’t enter a code, you will not be eligible to claim the sign-on bonus
- New drivers will need to fulfill some basic requirements. These include:
- Giving a certain amount of rides (varies by city)
- Giving those rides within a certain timeframe (varies by city)
If you have questions at any point during the application process, feel free to email us or get in touch with Lyft directly. It’s better to ensure you do it correctly the first time around than miss out on a lucrative promotion.
How to enter a Lyft driver invite code
When you click through our link to apply, it’s important to note that the code does not automatically apply itself to the promo code box, so you’ll have to enter it manually.
Entering the driver referral code is simple, so just enter it like you see below, add your personal information, and you’ll be one step closer to the bonus.
Pro Tip – Check out our free Lyft Driver Training Course. We created the course for new drivers just like you. The course will teach you how to get on the road the, the right way, and give you knowledge that you can use to increase efficiency and earnings.
How Much Is The Bonus?
We’ve watched closely over the past few years as promotions for new Lyft drivers have gone up and down, depending on which city drivers sign up in. These have ranged from a measly $10 all the way up to a whopping $1,000. Now Lyft has outdone themselves yet again, upping the bonus even more, to $5,000 in certain cities.
The chart below is a breakdown of what types of bonuses you can expect to see. We pulled this chart on September 6 2016, and it may change at any time, by city, depending on demand.
**Disclaimer: We try to keep up, but the Lyft new driver bonus amounts change almost daily, so refer to the official Lyft website or reach out to Lyft Support for the exact bonus amount for your city.
This chart will give you an idea of some of the past bonuses Lyft has offered drivers recently.
An important note, according to Lyft’s website:
Bonus amounts and ride requirements may vary based on the referring driver and the region of the referred applicant. Referring drivers can view the bonus requirements for applicants they refer in their market through the driver portal or app. These requirements may be different if the referred applicant is in a different market than the referring driver.
Referred applicants may receive a communication from a referring driver with bonus requirements, however, please note that Lyft cannot control the final content of such communications and cannot be held liable for any inaccuracies that they may contain. Once a referred applicant has started their application, Lyft will send a confirmatory email to both the referring driver and referred applicant which will contain the relevant bonus amounts, ride requirements, and time limits needed to qualify for the bonus. Please contact us for details about your application.
What is cool about these new driver sign-on bonuses is that you can cash in twice; once at signup and more times later once you become approved.
The Lyft sign-up bonuses are double sided, meaning that the referee AND the referrer both get paid. So if a you refer a friend to drive, and that friend fulfills the criteria outlined at signup, both drivers will get a bonus!
We can’t stress enough though, make sure to use a promo code for Lyft drivers at signup to ensure the bonus is applied to your account!
*Bonus Updates: May 2017*
Every month, Lyft updates their driver bonuses based on the amount of driver demand in each city. We are happy to report that this month’s changes are very favorable to the drivers, and you will be earning more than ever when you sign up this month.
Last year, Lyft was practically throwing bonuses worth up to $1,000 at drivers, and we wondered when the wheels would fall off that promotion. Well, after getting a record number of applicants, they lowered the bonus because driver demand pretty much was filled.
However, after a few months went by, the upped the bonuses again and drivers were raking in the dough once more.
But, as we suspected, they lowered the bonuses at the end of the year. I personally thought that was it, and new Lyft driver bonuses were gone for good. But I logged onto the Lyft site this week so check it out again, and BAM, $350, $400, $500, and $750 bonuses all across the board caught my eye once more.
We are happy to report that drivers are currently using Lyft driver referral codes to unlock killer bonuses in 2017!
What are Lyft’s requirements?
The requirements for new Lyft drivers vary by city, but most have a set of standard requirements that all drivers must meet.
Here are the basic standard requirements, taken straight from the Lyft website:
“You must be at least 21 and own an iPhone or Android phone. As part of our approval process, you’ll undergo a DMV check, plus a national and county background check. This will require a Social Security number, in addition to an in-state driver’s license that is at least a year old. Learn more about our background check standards on our Safety page, and our comprehensive driver requirements in the Help Center.
Your car needs to have four external door handles and at least five total seat belts. You must be a covered party on your car’s in-state insurance, and have in-state license plates. We’ll confirm all of this during your 19-point vehicle inspection. Cars have Lyft age requirements too, which can vary by state. See your state-specific requirements.”
These are just a few basic requirements drivers must go through when applying. Lyft will email you a full list of requirements applicable to your coverage area once you apply.
How To Apply – Lyft Driver Application
Lyft makes applying to drive very easy. There are a few steps to go through, but they keep you informed every step of the way. In all honesty, it is just pretty much giving Lyft a bunch of information and then waiting for them to get back to you. It is worth noting that Lyft saves all your information, so if you need to take a break and come back later, its really not a big deal at all.
The steps are broken down as follows:
While you’re at it, check out Uber too!
Driving for Lyft is awesome, and the demand is really steady most of the time. However, sometimes it gets a little slow and you feel like you are wasting time. Make the most out of your time spend driving by signing up to drive for both Lyft AND Uber. When ridesharing first came to my city, I signed up for both and am incredibly glad I did. Many drivers get frustrated when times get slow, but not me! I can’t recall a single weekend that I haven’t been swamped with ride requests and walked away with at least a couple hundred dollars in my pocket.
The best part is that Uber and Lyft will let you drive for the other service! Yes, you may miss out on the hourly guarantees, but I assure you, by driving for both services you will make far more than any hourly guarantee that they would have offered you normally.
Right now Uber is offering huge sign-on bonuses for Lyft drivers. Bonuses range anywhere from $100 all the way up to $500, depending on which city you are applying to drive in. But act quickly, these bonuses won’t last forever!
See our post about how to sign up to drive for Uber to learn more.
Driving for Lyft offers a fun and easy way to make extra money in your spare time. You will meet fun people and grow your network, kill time, and make a ton of extra money that you didn’t have before. I have personally made thousands of dollars just driving for Lyft, so I assure you it is well worth your time.
Drivers get paid weekly via direct deposit, and get to keep 80% of payment from passengers. On top of this, many passengers tip drivers, which usually adds another additional $20 or $30 of extra income per week. If you are curious, the average ride is usually about $10, but I have given rides that earned me more than $50 at a time. The rides are very consistent on the weekends. You would be surprised how fast the totals add up… you can make a TON of money on the weekends.
Signing up to be a Lyft driver is easy, and only takes a few minutes. Just follow the steps and you will be well on your way to turning your car into a cash machine!
Thoughts from a Lyft driver
Lyft Driver Review (and some random advice)
Below you will find an unbiased review from me, and actual Lyft driver. If you have hesitation that is preventing you from signing up, take some advice from me and see what it is like to drive.
The first thing people ask me is always what I make when driving for Lyft. Without fail, I always tell them that if it wasn’t worth the money, I wouldn’t still be doing it. Some may disagree, but I drive part time, so logging on after my full time job and making $50 in an hour or two is totally worth it in my mind. Let me walk you through how the payment works.
The Lyft pay structure is fairly simple in its entirety. Lyft charges passengers based on a number of criteria, including time, distance, and a few miscellaneous fees. The driver who initiates a ride will get 80% of the entire fee, leaving Lyft to take a 20% cut of it. There are ways to recoup the 20% cut by earning Power Driver Bonuses (see below).
Payments are paid to drivers every week via direct deposit payments, and are almost always accurate and on time.
Daily and Weekly Summaries
To start, Lyft pays drivers every week through an ACH payment directly to your bank account. If you drive, you will get a daily summary the next day, followed by a weekly summary every Tuesday morning. This will detail how you did, including number of trips, feedback, miles driver, time in driver mode, and bonuses received. Did you refer friends to the app and they took a ride? You will see these bonuses included in the summaries.
Lyft driver pay day
As stated above, Lyft provides drivers with weekly summaries of their earnings on Tuesday morning. This usually comes in around 8am, and gives you an accurate number of what your weekly pay will be. You get the amount Tuesday, but receive the money later in the week. The Lyft driver pay day depends on your bank, but mine is usually posted by Wednesday or Thursday, giving the bank one or two days to process and clear my payment.
They are also very consistent and reliable. In a year of driving, Lyft has never once been late with or missed my payment.
Lyft just recently introduced Hourly Guarantees as a way to combat Uber’s guarantees. It is pretty simple. In certain cities, Lyft will guarantee an average hourly rate if you fulfill the criteria outlined during the opt-in period. Basically you opt in and say you will drive during a certain time, so they will pay you to be available during those hours. This helps keep more drivers on the road and make for a better experience for passengers.
How its calculated (From the official Lyft site):
- “We’ll add up your total eligible gross ride receipts for each guarantee tier. That’s your pre-commission time and distance, Prime Time, and tips across every eligible hour of that guarantee tier. Tolls, airport fees, and Trust & Safety fees aren’t included.
- Then, we’ll calculate your average hourly gross ride receipts. That’s the total in Step 1, divided by number of eligible hours that you qualified for in that guarantee tier.
- You’ll get paid. If your average exceeds the guaranteed average, awesome! If not, we’ll bonus you the rest after taking out Lyft’s commission — the bonus isn’t eligible for Power Driver Bonuses. You’ll see the guarantee bonus in your Tuesday weekly summary (not dailies) and that week’s direct deposit.”
- Opt in each pay period via email that Lyft sends out
- Complete 50 minutes in driver mode per hour according to your city’s requirements
- Maintain a 90% acceptance rate
Prime Time is an awesome thing. It kicks on during times of heavy demand and encourages more drivers to get out on the road. Prime Time earnings can increase the ride fare anywhere from 25% to 200% depending on demand and the amount of drivers.
Prime Time usually activates later in the night or when the bars close and a flood of passengers are looking to get home safely.
As of March 2016, Lyft has officially removed the cap on Prime Time as well, allowing new drivers to earn more than ever before. When demand gets high, be on the lookout for huge ride fares that will put more in your pocket!
Power Driver Bonuses
Another way that Lyft helps drivers increase their earnings is through something called Power Driver Bonuses. These bonuses are based on the amount of hours that a driver has driven in a week, and are added to the pay statement at the end of the week. Since Lyft takes a 20% cut of a driver’s ride fares, the Power Driver Bonuses help offset this, and if you drive enough, eliminate the commission entirely.
How it works is simple. If a driver maintains a 90% acceptance rate and drives at least 30 hours per week, the driver is eligible for the bonus. Once a driver hits those requirements, the more they drive means the more they earn!
When you drive for Lyft, you get tipped. And from my experience, you get tipped A LOT. Unlike the Uber app, Lyft does a really good job of integrating tipping directly into the app. When the ride is over, passengers have the opportunity to add a tip to the ride, before they rate the driver. This method of passenger tipping is totally fine and out of the driver’s control.
However, Lyft discourages drivers from taking cash tips, and even goes as far as putting a blurb about it in the training and terms of service. They do this to discourage potential robbery targets, but usually this won’t be an issue because they are only giving you a few bucks. But add that up over the course of the night, and I can see where they are coming from.
That being said, if somebody hands me a tip, I am not going to say no. The passenger is being nice, so just say thank you and put it in a safe spot out of sight of other passengers that you pick up later.
From what I have found, getting tips is pretty easy. Simply be chill and relaxed, know your stuff (routes, information, other Lyft-related things, etc..) and joke around with the passengers if the situation permits. And whatever you do, DO NOT infer that you want a tip, otherwise you will likely not get one, and get rated poorly as well. I usually tip fellow drivers $5-$10, just because I know it will make their night. But if the driver infers a tip or suggest I give them one, I tip nothing. I don’t like tipping out of obligation, and most other passengers take the same stance.
One of my biggest draws to driving for Lyft is the fact that it is so convenient. I can literally go into driver mode whenever I want. I don’t know of a single job that allows you to do that. You can drive as much as you want, or as little as you want. As long as you give one ride every 30 days, you will be active and able to flip your app into driver mode.
I typically only drive when my friends aren’t doing anything on the weekends, or if I need some extra money because random expenses come and go. Sometimes on Fridays I get off work at 5, hop into driver mode for a few hours, and then go out with my friends afterwards. I usually make about $50-60, which gives me some spending money for the bars that I didn’t have before.
I have had many side jobs throughout my life, and Lyft is BY FAR the best. I will say this again; you can literally do it whenever you want. No schedules, no boss, nothing. You drive when you want, make however much you want, and control the entire thing. It’s awesome.
Demand will obviously vary from city to city, but I usually just drive during times when it is the highest. When I get off work at 5 on Fridays I hop into driver mode and immediately begin seeing requests come through. As the night goes on, it only gets busier.
The more I drive, the more patterns I begin to notice, allowing me to work the town and really understand how the city moves. Most of it is simple logic, but the more you drive the more you will pick up on it. For example on Fridays, 5-6 is when everybody needs a ride home from work. At 7 there is the first rush of people getting to the bars and going out on the town. It is rather slow from 8-9, but picks up for a second mass exodus into the night. At this point, I typically leave and join the movement, but if I don’t, this is where things start really picking up.
At 10 is when some people have called it quits, and the stragglers begin to trickle out. It is fairly consistent throughout the night until bar closings, which demand is INSANE. Prime Time kicks on and the true money flows in.
I have found that another great time to drive is the night before big holidays such as Thanksgiving and the night before New Year’s eve. There are a ton of people looking for rides because many don’t have to work the following day, but not many drivers head out during those times.
Pro Tip: Check out SherpaShare to make the most out of your time driving.
I use SherpaShare to increase my earnings and help me find out what spots are hot and which are not. SherpaShare also allows me to track mile mileage, fuel usage, and driving expenses so that when I go to fill out my taxes based on my Lyft earnings I pretty much know exactly what I spent and how much I made.
Check it out, it is free and totally worth having!
For the most part, the passengers I have picked up are pretty cool. They are typically respectful of my vehicle and are usually only one or two beers deep.
However, I have had my fair share of bad rides. One time I had a guy pull out a joint and try to light it up, I had an MMA fighter almost break my window after a fight with his girlfriend (he realized he overreacted and tipped me $20), and I had a guy projectile vomit out my window.
It is a game of risk, and you will either get a good ride or a bad ride. You have the ability to say no to a ride, so make sure to exercise that ability if you feel uncomfortable.
The Lyft driver app is activated by tapping a little steering wheel in the top right corner of the passenger app. It takes you to a screen that looks very similar to the rider app, but instead of seeing the Lyft drivers, all you see is a map. When a request comes in, your phone makes a very audible beeping sound. You have 10 seconds to accept it before the request moves along to another driver.
The app is very easy to use. Like the rider app, Lyft focuses on simplicity to make the user experience as easy as possible.
The only thing I don’t like about the driver app is that sometimes you may have to go way out of your way to pick up a rider. Uber’s app has geofence features built into it, so that drivers typically don’t have to drive more than 5 minutes to go pick up a passenger. The opposite can be said of Lyft, however, and sometimes you may need to drive as much as 20 minutes just to pick someone up. This isn’t a huge turnoff, but it is definitely a little inconvenient, especially with gas prices on the rise.
I have only had a few problems in my entire time Lyft driving, and customer support has been amazing. Lyft has a team of specialists that are at the driver’s disposal, and almost always respond to emails within a day of sending them.
Lyft Driver FAQ
Question 1: I signed up to drive for Lyft without using a promo code. What should I do?
Question 2: Can Lyft drivers drive in other cities?
Question 3: Can Lyft drivers see how much passengers tip?
Question 4: Can Lyft drivers pick up passengers at the airport?
Question 5: Can Lyft drivers accept cash?
Question 6: Are Lyft drivers safe?
Question 7: How do Lyft drivers make money?
Question 8: Do Lyft drivers make good money?
Question 9: Lyft used to ship phone mounts to every driver. What type of mount was this?
Question 10: Do rideshare drivers make more money driving for Uber or Lyft?
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Table of Contents
- Lyft Driver Promotions For May 2017
- Use Lyft driver promo code: FREECAMPUS
- – Apply For Free –
- How Much Is The Bonus?
- *Bonus Updates: May 2017*
- What are Lyft’s requirements?
- How To Apply – Lyft Driver Application
- While you’re at it, check out Uber too!
- Why Lyft?
- Thoughts from a Lyft driver
- Lyft Driver FAQ