Lyft is one of the fastest-growing ride sharing services in the transportation industry. Part of this growth can be attributed to the aggressive recruiting and awesome promotions that the company has run over the past few years. If you are a rider, you can expect to be flooded with free ride credit at signup. If you are a driver, you will be pleased to know that Lyft is just looking for ways to cram money down your through when you refer new drivers and riders to the app.
The current Lyft promotions are separated into two different categories; Lyft promotions for new and existing passengers, and Lyft promotions for new and existing drivers. Lyft passengers are paid in Lyft ride credit, while Lyft drivers are paid in cold hard cash.
New Lyft Driver Sign-on Bonus
The first current promotion for new Lyft drivers comes in the form of a sign-on bonus that is paid to the driver after completing a predetermined number of trips. Offering these bonuses is a way for Lyft to recruit new drivers and keep enough drivers driving at all times so passengers don’t have to wait for long.

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