Latest news with #BusinessRewards
Forbes
21-07-2025
- Business
- Forbes
Travel More, Earn Faster: Lyft's Revamped Rewards Go Live August 4
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Lyft is rolling out more bang for your buck this summer. Starting August 4, the rideshare company is upgrading its Business Rewards program and travel loyalty program partnerships, giving riders more opportunities to earn both Lyft Cash and travel rewards. Whether you're commuting to work, heading to the airport for summer vacation or taking a premium ride, the new perks help you rack up rewards faster. Lyft just provided business travelers something to look forward to: cash back on their commute. Through its revamped Business Travel Rewards program, riders invited to their company's Lyft Business Profile will automatically earn Lyft Cash on eligible work rides. There's no need to opt in or activate the benefit. It's applied automatically as long as the ride is linked to a business profile. The new rates, launching August 4, are as follows: 6% back on standard work rides (Standard, Priority, XL, Pet, Wheelchair and Green) 8% back on premium rides (Black, Black SUV and Extra Comfort) 8% back on airport and scheduled rides In a move to court frequent flyers, Lyft is expanding its travel rewards partnerships, offering travelers more ways to earn while they ride. Since July 17, linked Alaska Airlines Mileage Plan riders earn rewards with every eligible trip: 2 miles per dollar on everyday Lyft rides (Standard, Priority Pickup and XL) 3 miles per dollar on airport trips and premium rides (Black, Black SUV and Extra Comfort) These boosted rewards apply to both personal and business rides, and they stack with other offers. This means riders can earn miles through Lyft while still collecting points or miles on their credit card. Additionally, beginning August 4, business riders who link their Lyft accounts to Alaska Airlines Mileage Plan will earn 4 to 6 miles per dollar on most rides, more than the 2 to 3 miles per dollar earned on personal rides. Hilton Honors members also get a bump, earning 6 points per dollar on most business rides and 2 points per dollar on personal rides. What makes this announcement even more appealing is that you can stack rewards. Riders can earn: Lyft Cash for business rides Airline or hotel points through partnered programs like Alaska Airlines Mileage Plan and Hilton Honors Credit card rewards, such as 5 points per dollar on Lyft rides with an eligible Chase card, like the Chase Sapphire Preferred® Card , through September 30, 2027. Each reward program operates independently, so savvy travelers can earn in multiple ways on a single ride. If you want to get the most out of Lyft's new reward system, use a Business Profile for your work rides. This way, you earn Lyft Cash automatically without doing anything extra. Don't forget to link your airline and hotel loyalty accounts in the Lyft app to earn points on every trip. To maximize your return on spending, consider paying with a travel credit card that offers elevated rewards on ridesharing purchases. Additionally, when you're heading to the airport, try to schedule your rides ahead of time to take advantage of the additional travel rewards and Lyft Cash that Lyft offers on airport and premium trips. Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed. Whether you're a frequent flyer, daily commuter or someone who prefers ridesharing over driving to relax over sitting behind the wheel, Lyft's revamped rewards program offers solid value—especially for travelers looking to stack points and perks without changing their routine. Riders can now earn automatic Lyft Cash, plus 2x to 3x more airline miles and hotel points, depending on the travel partner. For road warriors and business travelers, those extra points can add up fast. The new benefits officially launch August 4, but Alaska Airlines Mileage Plan members are already earning boosted miles on eligible rides. To take advantage of the new rewards, just link loyalty accounts in the Lyft app and start riding.
Hi Dubai
01-05-2025
- Business
- Hi Dubai
Emirates and American Express Middle East Sign MoU to Drive SME Support Across MENA
Emirates and American Express Middle East have signed a Memorandum of Understanding (MoU) to strengthen their collaboration and deliver new business-focused benefits to small and medium-sized enterprises (SMEs) across select countries in the Middle East and North Africa. The agreement, signed at Arabian Travel Market (ATM), sets the stage for both companies to develop tailored offerings that address the specific needs of SMEs. These may include innovative payment solutions, exclusive incentives for American Express Middle East Card Members enrolled in Emirates' Business Rewards program, and other value-driven initiatives. SMEs represent a significant part of the region's economic landscape, and both organisations have underscored their shared commitment to supporting this vital sector. Mazin Khoury, CEO of American Express Middle East, said the partnership aims to bring "meaningful value" to small businesses, which he described as "the pulse of the economy." Adnan Kazim, Deputy President and Chief Commercial Officer at Emirates, echoed the sentiment, highlighting the role of SMEs in driving innovation and economic growth. He noted that the collaboration will provide flexible solutions designed to meet their travel needs while supporting long-term business success. The MoU marks a strategic step for both companies as they expand their reach and impact in the region's SME ecosystem. News Source: Emirates News Agency
Yahoo
16-04-2025
- Business
- Yahoo
British SME bank Allica reports 55% profit growth in 2024
British SME challenger bank Allica has reported a 55.2% increase in profit after tax, reaching £29.8m ($39.54m) in 2024, compared with £19.2m in 2023. Marking the bank's second full year of profitability, Allica attributed the growth to its 'significant investment' in digital infrastructure, increasing revenue. In the 12 months to 31 December 2024, Allica's gross revenue rose to £292.1m from £173.9m. The bank's loan book expanded to over £3bn, while customer deposits exceeded £4bn. It issued £1.1bn in new loans across its core lending portfolio, which includes asset finance, commercial mortgages, and other offerings such as bridging and growth finance. The increase in interest income, up by £142.5m to £320.3m, was primarily due to loans and advances to customers. Allica's proprietary technology is tailored to serve established SMEs, which represent a third of the UK economy. The bank aims for a 10% market share in the SME banking sector within the next three years. This ambition is supported by the growth of its 'Business Rewards Account'. Allica said its 2024 performance was driven by the expansion of its signature offering, the Business Rewards Account – a digital business current account tailored for SMEs. The bank's expansion efforts that year also included the acquisition of bridging finance specialist Tuscan Capital. Allica Bank CEO Richard Davies said: "Alongside giving established businesses a powerful business bank account that truly rewards them and the support to help them thrive, I'm proud that Allica also advocated for established SMEs more broadly too. 'We have helped drive tangible change to Basel 3.1 to support more SME lending and have pushed to improve the business savings market with our Great British Savings Squeeze campaign. We will continue to do so in 2025, including advocating for an expansion in the Growth Guarantee Scheme for SME finance, and an increase to the FSCS limit to help businesses earn better returns on their hard-earned cash.' "British SME bank Allica reports 55% profit growth in 2024" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
