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The Dosh app is offering 2% cashback on all Lyft rides when tapping through to the Lyft app and paying with a linked card. This can be a nice way of earning some extra cashback, although there are other methods you can use to save even more.
- Earn 2% cashback when tapping through from the Dosh app to the Lyft app & paying with a linked card.
- If you’re new to Dosh, feel free to sign up using one of our referral links. We’ll earn $10 when you sign up and connect and verify your first card, but I’m not entirely sure what you’ll receive as a signup bonus. It used to be $5, then they reduced it to $1, but I’m not sure if it’s gone back up now or not.
- $20 maximum cash back per day.
- $5 maximum cash back per transaction.
- Cash back will be deposited into your Dosh account within 30 days.
If you’re a frequent Lyft user, 2% cashback on every ride can mount up over time. You’ll be hard pressed to ever hit the cashback limits Dosh has put in place though – with $5 maximum cashback per transaction, you’ll only hit that with a ride costing $250.
As nice as it is to earn 2% cashback with minimal effort, there are better options out there, especially if you do use Lyft frequently. That’s because Lyft sells gift cards and there are ways to get discounts or rewards worth far more than 2%.
For example, the Ibotta app sells gift cards for many retailers and offers cashback for each one. Lyft is one of the brands they sell and they give 4% cashback. The downside is that with Ibotta you have to pay with a debit card.
Best Buy sells Lyft gift cards online (and presumably in-store), so you can buy from them and earn Best Buy Rewards and pay with a card that offers bonused spend at Best Buy if you have one, or with a card that has a Best Buy Chase Offer or Amex Offer attached to it.
An even easier – and probably more rewarding – option for most will be to buy Lyft gift cards at your grocery store if they sell them. That way you can earn rewards from the store’s loyalty program if they have one while also paying with a card that earns more at grocery stores.
Buying Lyft cards to preload to your account only makes sense though if you’re confident you’ll redeem them frequently enough. If you’re someone who only uses Lyft on rare occasions, tapping through from the Dosh app and paying with a linked card to earn 2% cashback could be a better option.
Note that deals in the Dosh app are sometimes targeted. If you don’t see this offer listed, do a search for Lyft and/or take a look in the ‘Online Offers’ section. If it’s not in there, it probably means you’re not targeted for whatever reason.
Also, don’t forget that you can earn bonus SkyMiles with Delta or bonus Hilton Honors points by linking one of those two programs to your Lyft account. It used to be possible to double dip those rewards, but Lyft made a change recently and is now only allowing you to earn with one of those two travel partners.