Best credit cards for Lyft

Only a decade ago, people called a taxi company when they needed a ride. The same act is now as simple as hitting a few buttons on your smartphone.

Ride-share companies like Lyft make getting a ride to almost anywhere a breeze, and the service may cost a lot less than you think.

If you charge your Lyft rides to a credit card that doles out points or miles, that’s even better. In this guide, we’ll go over the absolute best credit cards to use when you ride with Lyft as well as other ways to maximize your ride-share dollars.

See related: Everything you need to know about maximizing rewards on ride-shares

Chase Sapphire Reserve®: Best for Lyft discounts

  • Chase Sapphire Preferred® Card: Best for extra value at a lower fee
  • American Express® Green Card: Best for budget-minded travelers
  • Wells Fargo Propel American Express® card: Best no annual fee card for ride shares
  • Best credit cards to earn rewards with Lyft

    There are a handful of credit cards that can help you earn rewards each time you ride with Lyft. Here are your best options:

    See related: Best cards for Uber, UberEATS

    Chase Sapphire Reserve®: Best for Lyft discounts

    In January 2020, the Chase Sapphire Reserve began to offer a one-year complimentary Lyft Pink membership. For a $19.99 monthly fee, Lyft Pink offers passengers 15% off all car rides, in addition to priority airport pickups, special discounts and more flexibility in cancellations, among other benefits. The Reserve is also offering 10 points per dollar on Lyft purchases through March 2022.

    Besides these perks, the card comes with a 3-point-per-dollar rate on restaurants and travel, including Lyft, after the $300 annual travel credit. Speaking of the credit, it applies to most travel purchases, including rides with Lyft.

    The Chase Sapphire Reserve card is one of the best travel credit cards on the market, but it also comes with a rather high price – the card charges an annual fee of $550. If you don’t travel often enough to justify the fee, you might want to look into cards that have a lower annual fee or none at all.

    Here are more details:

    • One-year complimentary Lyft Pink membership (a $199 value)
    • 10 points per dollar on Lyft purchases through March 2022
    • 3 points per dollar spent on restaurants and travel,
    • $300 annual credit travel that applies to most travel purchases, including rides with Lyft
    • 50,000-point sign-up bonus if you spend $4,000 in first three months
    • Redeem points through the Chase Ultimate Rewards portal, and get 50% more travel for free
    • Transfer points to airline and hotel partners at a 1:1 ratio
    • Up to $100 Global Entry/TSA Precheck credit every four years
    • Priority Pass Select membership
    • $550 annual fee

    exciting new benefits for its World and World Elite credit card members. This includes a $10 Lyft credit for World Elite cardholders, which will be automatically applied to your next ride after you take five Lyft rides within a calendar month. The most popular World Elite Mastercards include the Capital One® Savor® Cash Rewards Credit Card*, the Citi Prestige® Card and the Barclaycard Arrival Plus World Elite Mastercard.

    Chase Sapphire Preferred® Card: Best for extra value at a lower annual fee

    Similar to the Chase Sapphire Reserve, the Chase Sapphire Preferred rewards cardholders for eating out (or ordering takeout) and traveling and offers 5 points per dollar on Lyft through March 2022. The base rewards rate is lower at 2 points per dollar on dining and travel and 1 point per dollar on other purchases, but the annual fee is also lower at $95.

    If you’re not ready to shell out $550 per year that the Reserve charges, the Preferred can be a better alternative. Plus, it offers a higher sign-up bonus than the Reserve – you’ll get 60,000 points after you spend $4,000 in the first three months (compare with a 50,000-point sign-up bonus if you spend $4,000 in first three months on the Reserve).

    Take a look at the card details:

    • 5 points per dollar on Lyft through March 2022
    • 2 points per dollar spent on dining and travel
    • 60,000-point sign-up bonus if you spend $4,000 in first three months
    • Redeem points through the Chase Ultimate Rewards portal, and get 25% more travel for free
    • Transfer points to airline and hotel partners at a 1:1 ratio
    • $95 annual fee

    American Express® Green Card: Best for budget-minded travelers

    Another credit card that offers rewards for travel and transit (including ride-shares such as Lyft) is the American Express Green Card. While it doesn’t offer the luxury travel perks other Amex cards are known for, it can be a good choice for budget-minded travelers. With this card, you can get 3 points per dollar on dining, travel and transit, and 1 point per dollar on everything else. The Amex Green also comes with perks such as up to $100 in annual statement credits for LoungeBuddy purchases and up to $100 per year for CLEAR membership.

    complimentary Uber Eats Pass membership for up to 12 months if you enroll by Dec. 31, 2021.

    Here’s what the card offers at a glance:

    Wells Fargo Propel American Express® card: Best no annual fee card for ride shares

    If you’re looking for a credit card that would earn you rewards on Lyft rides and not charge an annual fee, the Wells Fargo Propel American Express is definitely an option worth looking into.

    The card earns 3 points per dollar in numerous categories, including dining out, gas stations, transit, flights, hotels, homestays, car rentals and select streaming services – and ride-shares. All other purchases earn 1 point per dollar. You can choose to redeem your rewards for flights through Go Far Rewards or statement credits.

    Here’s a closer look:

    More ways to maximize rewards (and save money) when you pay for ride-sharing services

    While using the right credit card can help you score more rewards each time you ride with Lyft, there are other ways to make the most of your ride-share spending. Here are some tips that can help you maximize each dollar you spend, save money and even earn airline miles:

    Bottom line

    To find the best cards for Lyft to share with you, we’ve compared all cards that offer benefits and perks related to ride-sharing and Lyft specifically. These cards can help you maximize your potential earnings and savings on Lyft rides, and if you use Lyft frequently, one of these products can be a great addition to your wallet.

    *All information about the Capital One Savor Cash Rewards Credit Card has been collected independently by CreditCards.com and has not been reviewed by the issuer. Capital One Savor Credit Card is no longer available through CreditCards.com.

    Source: creditcards.com

    Best cards for food delivery and meal kit subscriptions

    Credit cards for foodies are the latest trend, with more and more rewards programs and additional card benefits catering to both dining in and eating out. Restaurant and grocery bonus categories are becoming commonplace – letting cardholders rack up a few extra points or cash back on those purchases.

    But what about those who prefer to order delivery? If you like to take advantage of popular food delivery services like DoorDash or Uber Eats or simplify cooking with a meal kit subscription, there are plenty of credit card rewards and benefits you can leverage to save a little money.

    Finding the best card for your favorite services

    Finding the best card for your favorite food delivery or meal kit service depends on a variety of factors, including the card’s yearly credits, special perks or rewards rate. For example, many dining cards offer bonuses that are tailored to a specific delivery service, as a monthly Uber credit.

    See Related: Food delivery perks on luxury travel cards

    For meal kit services, matching rewards is a little more complicated. You could opt for a rewarding grocery card, as many meal kit brands are now partnered with major supermarkets – so you can buy them in the store.

    merchant category code that qualifies for a point or cash back bonus. You can test it by making a small charge to your card and seeing what rewards you earn.

    Online shopping rewards, on the other hand, are much more flexible. They apply to both web and app purchases, so whether your order from your phone or computer, you can rack up bonus points or cash back.

    See Related: Make the most of an online shopping bonus category

    Best cards by delivery service or meal kit subscription

    With all this in mind, here are some of our favorite cards for some of the most popular food delivery and meal kit subscription services.

    Delivery service Card Rewards rate Why we like it
    DoorDash Chase Sapphire Reserve
    • 10 points per dollar on Lyft purchases (through March 2022)
    • 3 points per dollar on travel and restaurants (excluding purchases covered by $300 travel credit)
    • 1 point per dollar on general purchases
    • Generous rate on dining purchases
    • Receive a yearly statement credit for DoorDash purchases ($60 in 2020 and $60 in 2021)
    • Get at least one free year of DashPass when you enroll with your card (activate by Dec. 31, 2021)
    Uber Eats The Platinum Card® from American Express
    • 10 points per dollar on eligible purchases at U.S. gas stations and U.S. supermarkets, on up to $15,000 in combined purchases, during the first 6 months of card membership
    • 5 points per dollar on flights booked directly with airlines or with American Express Travel (starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year)
    • 5 points per dollar on eligible hotels booked with amextravel.com (starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year)
    • 1 point per dollar on general purchases
    • Terms apply
    • Get up to $200 in Uber credits per year ($15 per month, plus an extra $20 in December), which can be applied to Uber Eats
    • Automatic Uber VIP membership (where available) without ride requirements
    Instacart Capital One Savor Cash Rewards Credit Card
    • 8% cash back on Vivid Seats tickets (through Jan. 2022)
    • 4% cash back on dining and entertainment
    • 2% cash back at grocery stores
    • 1% cash back on all other purchases
    • Top-tier cash back on restaurant delivery, including most delivery services
    • Grocery bonus category includes eligible grocery delivery services, including Instacart
    • As a Mastercard, offers complimentary a 2-month Instacart Express membership if enrolled before Mar. 31, 2021
    Grubhub/Seamless/Boxed/Instacart American Express® Gold Card
    • 4 points per dollar at restaurants worldwide
    • 4 points per dollar at U.S. supermarkets (on up to $25,000 in purchases per year, then 1 point)
    • 3 points per dollar on flights booked directly with airlines or amextravel.com
    • 1 point per dollar on other purchases
    • Terms apply
    • Enroll to receive up to $10 in statement credits per month (up to $120 per year) to use at participating restaurants, including Grubhub, Seamless and Boxed
    • Excellent rewards on grocery delivery services, such as Instacart
    HelloFresh Blue Cash Preferred® Card from American Express
    • 6% cash back at U.S. supermarkets (up to $6,000 in purchases per year, then 1%)
    • 6% cash back on select U.S. streaming subscriptions
    • 3% cash back at U.S. gas stations and on transit purchases
    • 1% cash back on general purchases
    • Terms apply
    • Generous rate on U.S. supermarket purchases (HelloFresh meal kits are sold in supermarkets such as H-E-B and Giant Food) and eligible grocery delivery services, such as Instacart
    • Unlimited 3% cash back on delivery purchases from ride-share services, like Uber and Lyft
    Home Chef Blue Cash Everyday® Card from American Express
    • 3% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%)
    • 2% cash back at U.S. gas stations and select U.S. department stores
    • 1% cash back general purchases
    • Terms apply
    • Generous rate on U.S. supermarket purchases (Home Chef meal kits are sold in select Kroger locations)
    Other delivery services Bank of America® Cash Rewards credit card
    • 3% cash back on a category of choice (gas, online shopping, dining, travel, drugstores or home improvements and furnishings)
    • 2% cash back at grocery stores and wholesale clubs
    • $2,500 combined limit on 2% and 3% categories each quarter
    • 1% cash back on other purchases
    • Generous rate on online shopping purchases (if you select it as your 3% category) and good rate at grocery stores
    • Can swap choice 3% category monthly to account for different delivery services. For instance, the dining category rewards Grubhub purchases and the travel category rewards ride share purchases from services like Uber

    If you don’t have a delivery service you prefer – or if you like to switch back and forth based on restaurant availability – a card with rewards on online shopping is your best bet.

    Bottom line

    Ordering food can be expensive, but using the right rewards card can help you alleviate some of that cost by racking up points or cash back. With some cards, you might even get a few extras that cover your next couple of meals.

    Source: creditcards.com

    Why 2 Finance Experts Still Struggled To Buy This House

    Why 2 Finance Experts Still Struggled To Buy This House

    Think two seasoned certified financial planners would have an easy time buying a house? Tony and Barbara Matheson would beg to differ.

    In fall 2019, these empty nesters found themselves itching to downsize from their large rental in the ultraexpensive San Francisco Bay Area. Hoping to buy a reasonably priced house within walking distance of restaurants and other amenities, they set their sights on Sacramento, CA. Armed with a healthy income, solid credit history, and a deep knowledge of personal finances—plus they’d owned property before—they figured they would sail through the home-buying process.

    Six months and three lost bidding wars later, they realized that Sacramento’s real estate market was far more cutthroat than they’d imagined.

    In March, the Mathesons finally purchased a three-bedroom, one-bathroom 1926 Tudor on a tree-lined street. With the closing papers signed, they figured they were home-free—but COVID-19 was about to throw another curveball into the picture.

    Here Tony shares their story, and his hard-won lessons for aspiring first-time home buyers and others who want to learn what buying real estate is really like today.

    Tony and Barbara Matheson's new home in Sacramento, CA
    Tony and Barbara Matheson’s new home in Sacramento, CA

    Tony Matheson

    Location: Sacramento, CA
    House specs: 1,225 square feet, 3 bedrooms, 3 bathrooms
    List price: $550,000
    Price paid: $580,000

    Why did you decide to move?

    We’d been living in the Bay Area and were looking to downsize since both of our kids had moved out. We wanted to be near downtown Sacramento, close to restaurants, bars, museums, and coffee shops.

    I’d think home buying would be a breeze for two finance pros. How did it go?

    I was really surprised by how tough the market was. After five months touring homes, we made an offer on our first house. This house went into a bidding war; we had to raise our bid five times before tapping out.

    Next, we fell in love with a second home. This time, we offered the sellers $30,000 over the asking price. The sellers had so many other bids, they never even bothered to counter our offer.

    We found a third home, and once again bid over the asking price. But after five tries, we lost out again. It was heartbreaking.

    How awful! Why do you think these homes sold to other buyers?

    We came prepared with what most consider strong financials for making an offer on a single-family home: great credit scores, a significant down payment, pre-approval for a mortgage. We offered good earnest money and 15-day escrow, didn’t include an appraisal contingency, and probably had a few other bonuses to the seller that I’ve forgotten. So we were doing everything “right.”

    What we were finding is that we were up against some other buyers who were making all-cash offers, sometimes $50,000 above the asking price. How does anyone compete with that?

    So how did you finally get an offer accepted?

    We were extremely fortunate that we had a great real estate agent who was able to find a home that hadn’t been listed yet. We could negotiate one on one with the seller without having to compete against multiple offers.

    The sellers had planned to invest $30,000 to $40,000 on home improvements before putting it on the market. We offered to buy the house as is, without the improvements. After going back and forth a few times, the sellers took our offer.  

    What did you like about this house?

    We knew within 5 seconds of walking into the house that this was the one. It was the perfect neighborhood. We were close to everything, within walking distance to plenty of bars and restaurants. The outdoor area is gorgeous. Beautiful trees surround our house, and the house is the perfect size for us.

    The living room of Tony and Barbara's Sacramento home
    The living room of Tony and Barbara’s Sacramento home

    Tony Matheson

    So once your offer was accepted, what happened next?

    The sellers weren’t prepared to move immediately. They needed time to prepare. So we rented the house back to the sellers for a month after closing. We closed on Valentine’s Day, but we didn’t move in until mid-March.

    Little did we know what was about to happen.

    Tony and Barbara love this window in their Sacramento home.
    Tony and Barbara love this window in their Sacramento home.

    Tony Matheson

    March is when the coronavirus really hit. What was it like moving during that time?

    It was difficult and terrifying in the beginning. We moved in ourselves without hiring movers. Then, after we moved in, it was quite an adjustment. Simple things like calling an electrician or completing other minor home projects were enormously difficult.

    Did you make any renovations to your home?

    We put $10,000 to $12,000 into the house so far. The major issue after moving in was electricity—it needed to be completely reconfigured. For example, the second bedroom, which became my office, only had two plugs. Between my monitors for work, computers, Peloton, cellphones, and other devices, I needed 12 plugs. We also wanted to put in a tankless water heater for more space, and install a security system.  

    During the COVID-19 shutdown, Tony and Barbara painted their new home.
    During the COVID-19 shutdown, Tony and Barbara painted their new home.

    Tony Matheson

    How did quarantine affect these repairs?

    It was horrible. We couldn’t get anyone to come out to do any work for at least three months. For the first month, no one was booking. Then, when we could finally get through, the businesses were overwhelmed with requests.

    Tony and Barbara celebrate finally closing on their dream home in Sacramento.
    Tony and Barbara celebrate finally closing on their dream home in Sacramento.

    Tony Matheson

    What was it like when you finally settled in?

    It was exhilarating, exciting, and weird. Exhilarating because we got the house we wanted. Exciting because we were beginning a new phase in our lives. And weird because we moved in at the beginning of the pandemic. We wanted to have a housewarming party, but of course, we couldn’t.

    What is your advice for aspiring home buyers?

    Even if your finances are completely buttoned up, be prepared that buying a house may be a difficult and even painful process.

    Tony and his daughter on game night in their new home
    Tony and his daughter on game night in their new home

    Tony Matheson

    Emotionally it does get hard. As much as you try not to get attached to a house during the negotiation process, you can’t help it. And there is a competitive drive that kicks in when you are in a bidding war with others. It’s draining.

    Still, in the end, knowing that you’ve overcome challenges along the way just makes you more appreciative of the reward at the end. We have a place to call home amidst all this craziness. It’s all worth it.

    Their parrot Kiwi also enjoys the new home's view.
    Their parrot Kiwi also enjoys the new home’s view.

    Tony Matheson

    Source: realtor.com