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Lyft just announced a fantastic deal. You can earn 2,000 bonus Hilton points, 250 bonus SkyMiles, and bonus Chase Ultimate Rewards (or cashback) while donating to make a difference. And all you need to make is a single $5 donation to Lyft's Fund a Ride program.
This promotion lasts until May 31, 2021, and not everyone will be able to claim every benefit. However, everyone has the opportunity to get more than a 100% value return on a $5 donation.
The Deal
Donate with Chase to Get Bonus Points or Cashback
If you make your donation using a Chase card, you can earn bonus points or get cashback on your Lyft purchase. If you use any of the following cards, you will get 5x total points on your Lyft donation, i.e. 25 points for a $5 donation:
This promotion is good on all Lyft purchases through March 2022. Not only will you get bonus points, but you can also utilize the Chase Pay Yourself Back option. While Lyft rides don't typically qualify, Chase will add the option to Pay Yourself Back for these donations in the next few weeks.
The Pay Yourself Back redemption rate varies by card. But, on the Sapphire Preferred and Ink Preferred, you'll get 1.25 cents per point. In other words, you can use 400 points to pay yourself back the $5 donation. And you'll still earn 25 points for the $5 donation.
Even Better Return with Sapphire Reserve
If you have the Sapphire Reserve, the rewards are even better. Sapphire Reserve cardholders earn 10x points back on all Lyft purchases — including donations to this Lyft Fund:
On top of that, you can Pay Yourself Back at 1.5 cents per point. If you make a $5 donation to Lyft to get the above bonuses, you'll earn 50 Chase points. Then you only need 333 points to Pay Yourself Back for the $5 donation.
Bottom Line
If you have both your Hilton Honors and Delta SkyMiles accounts connected to Lyft when you donate with a Chase Sapphire, Freedom, or Ink card, you'll get 2,000 Hilton Honors points, 250 Delta SkyMiles, 25 Chase Ultimate Rewards points, and can recoup your $5 donation no more than 400 Chase points. If you have the Sapphire Reserve, you'll get an additional 25 Ultimate Rewards points and can recover your $5 with only 333 points.
That all sounds like a pretty sweet deal to me!
Are you going to make a donation to claim all the bonuses?