Peloton enthusiasts with Chase Sapphire cards can accrue a maximum of 10 reward points per dollar spent.
Fitness Enthusiast! Boost Your Point Earnings with Peloton Purchases
Hey there, fitness fanatic! Got a new Peloton bike on your wishlist? Well, here's some good news that'll help you score even more than just fitness gains!
For those rocking the Chase Sapphire Reserve® or Chase Sapphire Preferred® Card, grab your cycling shoes and gear up – you're in for a treat!
Remember when we used to enjoy statement credits and supercharged earnings for Peloton purchases? While the membership credits are on a short break, don't worry! The bonus points are still here to make your Peloton purchase worth every penny.
Let me break it down for you:
Earning Points on Peloton Purchases
In the golden period from October 2020 to June 2022, you were able to score statement credits for your monthly Peloton membership fees by paying with your Sapphire Preferred or Sapphire Reserve card. Not only that, but you could earn bonus points on equipment purchases too.
Even though we can't have the statement credits anymore, earning bonus points is still very much a thing! Here's how you can boost your point earnings through Dec. 31, 2027:
- Chase Sapphire Reserve: Earn 10 points per dollar on Peloton equipment and accessories purchases of $150 or more – with a limit of 50,000 points[1][4][5].
- Chase Sapphire Preferred: Earn 5 points per dollar on Peloton equipment and accessories purchases of $150 or more – with a limit of 25,000 total points[2].
To bag the maximum points, you'll need to splurge on Peloton equipment to the tune of $5,000.
Want to give Peloton a whirl before making a big purchase? Good news! You can check out those sleek bikes in select Capital One lounges and numerous Hilton hotels in the U.S. Or, rent a bike (but be mindful that rentals may not qualify for the earning rates)[3].
Also, Peloton offers a risk-free 30-day trial for you to test-ride the bike, treadmill, or rowing machine at home. And guess what, you need a monthly membership (which costs $44 plus taxes) to enjoy all Peloton content on your in-home equipment[3].
Bottom line
If a Peloton purchase is on your horizon, you can earn up to 10 points per dollar by using your Chase Sapphire Reserve or Preferred card – that's a great bonus for those fitness gains you'll be racking up!
Through Dec. 31, 2027, you could earn a whopping 50,000 points on these purchases, making those fitness goals even sweeter[1][4][5].
Staying fit and earning points? Could it get any better?
Related: Why Peloton is my secret weapon to staying healthy while on the road
Great offers from our partners
- The Business Platinum Card® from American Express: Earn 150,000 points + $500 statement credit[6]
- Capital One Venture X Rewards Credit Card: Earn 75,000 miles[7]
- The Platinum Card® from American Express: Earn 80,000 points[8]
- Capital One Venture X Business: Earn up to 350,000 bonus miles[9]
- American Express® Gold Card: Earn 60,000 points[10]
[1]: https://www.doctorofcredit.com/chase-sapphire-reserve-bonus-peloton/[2]: https://www.creditcards.com/credit-card-news/chase-aws-amzn-prime-day-bonus-offer-87176.php[3]: https://www.businessinsider.com/peloton-bikes-capital-one-lounges-try-before-buying-2021-3[4]: https://thepointsguy.com/news/chase-sapphire-reserve-peloton-bonus-offer-comes-back/[5]: https://travel-experience.usatoday.com/2021/11/02/chase-sapphire-reserve-peloton-purchase-bonus/[6]: https://www.americanexpress.com/us/credit-cards/business/the-business-platinum-card/[7]: https://www.capitalone.com/credit-cards/venturex/[8]: https://www.americanexpress.com/us/credit-cards/platinum/[9]: https://venturex.capitalone.com/[10]: https://www.americanexpress.com/us/credit-cards/gold/
Disclaimer:
This content is for informational purposes only and is not meant to provide financial, investment, or any other form of professional advice. Always conduct thorough independent research before making financial decisions.
- If you're in the market for a new Peloton bike and own either the Chase Sapphire Reserve or Chase Sapphire Preferred card, you can earn extra points when purchasing equipment and accessories.
- From October 2020 to June 2022, Sapphire Preferred and Sapphire Reserve cardholders received statement credits for their Peloton membership fees, but now those credits are on hold.
- Despite the absence of statement credits, earning bonus points is still possible. For the Chase Sapphire Reserve, you can earn 10 points per dollar on Peloton equipment purchases of $150 or more, up to a maximum of 50,000 points. For the Chase Sapphire Preferred, you can earn 5 points per dollar on qualifying purchases, with a limit of 25,000 total points.
- If you'd like to take Peloton for a test ride before making a big purchase, select Capital One lounges and numerous Hilton hotels in the U.S. offer Peloton bikes. Alternatively, rent a Peloton bike, but be aware that rentals might not qualify for the earning rates.
- Peloton offers a 30-day risk-free trial for in-home equipment, but a monthly membership is required to access all Peloton content.
- Whenever you make a Peloton purchase with your Chase Sapphire Reserve or Preferred card, you could potentially earn up to 10 points per dollar, making your fitness gains even more rewarding.
- Curious about other great offers? Consider The Business Platinum Card from American Express, Capital One Venture X Rewards Credit Card, The Platinum Card from American Express, Capital One Venture X Business, and American Express Gold Card. But remember, always do independent research before making any financial decisions.
