Lyft introduces annual Lyft Pink subscription with better bike-share perks

Lyft is introducing a new annual tier for its Lyft Pink membership program that’s cheaper than paying for the service on a monthly basis and comes with better bike-share perks, the company announced Thursday. The new annual plan will cost $199 per year, a $40 discount over paying monthly.

Lyft Pink’s primary benefit is a 15 percent discount on car rides, and on the monthly tier, which costs $19.99 per month, it offers three free 30-minute bike or scooter rides per month (in certain markets). With the annual plan, though, you’ll get an unlimited amount of 45-minute bike rides on “classic” bikes (aka non-electric) at many of the company’s bike-share systems across the US as well as discounted rates on e-bike rides.

If you regularly use Lyft year-round, ride on its bikes often, and like other Lyft Pink benefits like priority airport pickups, the new annual option could be a good way to save a little cash.