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.

Correction: The new Lyft Pink bike-share benefits are available only on the new annual plan. They are not coming to the monthly plan, as we originally reported, and we have adjusted the headline and text of the article to reflect this. We regret the error.