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Free Peloton Membership Credits with Chase Cards: Unlock $745+ in Annual Value
July 1, 2025
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If you're a Peloton enthusiast—or even just Peloton-curious—your credit card could be paying for your membership and equipment. The Chase Sapphire Reserve® Card offers one of the most generous fitness-related credit card benefits available: up to $120 in annual Peloton membership credits, plus the ability to earn 50,000 bonus points on equipment purchases.
Here's what makes this offer stand out: you're not just getting a discount—you're getting free membership credits that stack on top of industry-leading rewards rates. Let's break down exactly how to maximize this benefit.
What's the Chase-Peloton Offer?
The Chase Sapphire Reserve® partnership with Peloton includes two separate benefits that work together:
1. Membership Credits: Up to $120 Annually Get up to $10 in statement credits each month toward your Peloton membership—that's $120 per year completely free. This applies to:
- Peloton All-Access Membership (for bike/tread owners): $44/month
- Peloton App+ Membership: $12.99/month
- Peloton Guide Membership: $24/month
💡 Real Value: If you're paying for the All-Access Membership ($44/month), these credits cover 23% of your annual membership cost automatically.
2. Equipment Rewards: 10X Points on Purchases Earn 10 points per dollar (9 bonus points + 1 base point) on Peloton equipment and accessories, up to $5,000 in purchases. That's a maximum of 50,000 bonus points—worth approximately $625 when redeemed for travel through Chase Ultimate Rewards.
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Should You Apply? Yes If...
This benefit makes sense for you if:
✔ You're already a Peloton member spending $44-$528 annually on membership
✔ You're considering buying Peloton equipment ($1,445+ for bikes, $2,495+ for Tread)
✔ You value travel rewards since Chase points transfer 1:1 to airline and hotel partners
✔ You can justify the $795 annual fee through this and other Sapphire Reserve benefits
❌ Skip this if:
- You won't use the membership credits ($120 wasted value)
- You're not interested in premium travel rewards
- The annual fee outweighs your total benefit usage
How to Activate Your Peloton Membership Credits
Here's the step-by-step process to start getting your $10 monthly credits:
Step 1: Activate the Benefit Log into your Chase account and navigate to Ultimate Rewards. Look for the Peloton membership benefit and click "Activate." This is required—credits won't post automatically without activation.
Step 2: Use Your Sapphire Reserve Card Add your Chase Sapphire Reserve® Card as the payment method in your Peloton account settings. The membership charge must post to this specific card.
Step 3: Watch for Statement Credits Within 1-2 billing cycles after your Peloton membership charge posts, you'll see a statement credit of up to $10 per month appear on your Chase account.
Step 4: Track Your Usage Use Kudos Hidden Perks to automatically track your Peloton credits and get notified before they expire each month. More on this below.
Maximizing Your 10X Points on Peloton Equipment
If you're in the market for Peloton equipment, the 10x points rate makes the Sapphire Reserve your best payment option—but there are rules to follow:
Eligible Purchases (10X Points)
✔ Peloton Bike, Bike+, Tread, Row
✔ Peloton Guide (AI-powered strength training)
✔ Accessories: cycling shoes, dumbbells, bike mats, toe clips, yoga straps
✔ Minimum purchase: $150+ per transaction
Not Eligible (1X Points Only)
❌ Gift cards
❌ Apparel and clothing
❌ Purchases made outside the U.S.
✔ Purchases through HSA/FSA portals (these third-party platforms don't qualify)
Where to Buy
You must purchase directly from Peloton through:
- Peloton.com
- Peloton showroom (in-person)
- Peloton phone orders (1-866-679-9129)
Purchases made through Amazon, Costco, or other retailers won't earn the 10x bonus rate.
Comparing Alternative Cards for Peloton
While the Sapphire Reserve offers the most generous Peloton-specific benefits, here's how other cards stack up:
When to consider alternatives:
- If you want the membership perk without the high annual fee → Consider whether Peloton App+ ($12.99/month) makes more sense than All-Access
- If you're buying equipment but don't want to pay an annual fee → A simple 2% cash back card gives you $49.90 back on a $2,495 bike (vs. 24,950 Chase points worth ~$312 for travel)
The Chase Sapphire Reserve® Card wins for Peloton enthusiasts who also value premium travel benefits.
Never Miss a Credit with Kudos Hidden Perks
Here's the problem with credit card perks: they're easy to forget about. Research shows the average cardholder leaves $300 worth of credit card benefits unused each year—and Peloton membership credits are no exception.
That's where Kudos comes in.
How Kudos Helps You Maximize Peloton Credits
Automatic Tracking: Kudos Hidden Perks automatically identifies that you have the Peloton membership benefit and tracks your monthly usage.
Smart Reminders: Get notifications before your monthly credit period expires: "Your $10 Peloton credit is available this month. Make sure your membership is charging to your Sapphire Reserve!"
Usage History: See exactly how much you've saved year-to-date from your Peloton credits and other card benefits in one dashboard.
Real Example
Sarah has the Sapphire Reserve and uses Kudos Hidden Perks. In month 3, she gets a notification: "You haven't used your Peloton credit this month. Update your payment method before the billing cycle ends." She switches her Peloton membership from her debit card to her Sapphire Reserve and saves $10 that would have been lost.
Important Fine Print & Offer Details
Before you activate this benefit, here's what you need to know:
Offer Timeline
- Benefit available through: December 31, 2027
- Purchases must post to your account by the last promotional date
- Points may take 1-2 billing cycles to appear after a qualified purchase
Account Requirements
- Your Sapphire Reserve account must be open and in good standing
- You must maintain your membership to continue receiving monthly credits
- If you return Peloton equipment, earned points will be deducted from your account
Purchase Restrictions
- $150 minimum purchase required to earn 10x points (can be single item or multiple items in one order)
- Maximum 50,000 bonus points per cardmember during promotional period
- Out-of-network ATM fees and other standard fees still apply to your card
Membership Credit Details
- Activation is required—credits won't post automatically
- Maximum $10 per monthly billing cycle (up to $120 annually)
- Credits apply to eligible Peloton memberships charged to your Sapphire Reserve
Step-by-Step: Your First 30 Days with This Benefit
Ready to start saving? Here's your action plan:
Week 1: Setup
- Apply for the Chase Sapphire Reserve® Card (or activate if you already have it)
- Once approved, log into Chase Ultimate Rewards
- Navigate to "Benefits" and activate the Peloton membership credit
- Sign up for Kudos and link your Sapphire Reserve card to track this benefit
Week 2: Equipment Decision
- If buying equipment: Calculate your potential points value ($5,000 purchase = 50,000 points = ~$625 travel value)
- Consider timing: Can you make the purchase before December 31, 2027?
- Verify your purchase method (must be direct from Peloton)
Week 3: Membership Optimization
- Update your Peloton account payment method to your Sapphire Reserve
- Verify the charge posts to your card (check your Chase transaction history)
- Set a reminder to check for the statement credit in 1-2 billing cycles
Week 4: Tracking & Automation
- Open Kudos and verify your Peloton credit is being tracked
- Review your total first-year value: Membership credits ($120) + equipment points (if applicable) + other Sapphire Reserve benefits
- Decide if the $795 annual fee is worth it based on your total benefit usage
Beyond Peloton: Other Sapphire Reserve Benefits Worth Knowing
While the Peloton perks are impressive, don't overlook these other valuable Sapphire Reserve benefits that help justify the annual fee:
Travel Benefits
- $300 annual travel credit (automatically applied to travel purchases)
- Priority Pass lounge access (worth $35+ per visit)
- 10x points on hotels and car rentals booked through Chase Travel
- Trip cancellation/interruption insurance
- Lost luggage reimbursement
Earning Rates
- 8x points on Chase Travel bookings
- 4x points on flights and hotels booked directly
- 3x points on dining
Protection Benefits
- Purchase protection (up to $10,000 per claim)
- Extended warranty protection
- Auto rental collision damage waiver
Frequently Asked Questions
Do I need to already have a Peloton membership to get these benefits?
No! You can activate the benefit before you have a membership, and the credits will apply once you start your membership. However, you won't receive credits retroactively for months before activation.
Can I use the credits for the Peloton App (digital-only membership)?
Yes, the credits apply to Peloton App+ Membership ($12.99/month). Since the credit is up to $10/month, you'd still pay $2.99/month out of pocket.
What happens if I cancel my Peloton membership mid-year?
You'll stop receiving the monthly $10 credits. There's no penalty, but you won't get the full $120 annual value.
Can I combine the 10x points benefit with Peloton's own financing offers?
No. To earn 10x points, you must pay with your Sapphire Reserve at time of purchase. Using Peloton's financing (which is a separate loan) won't earn the bonus points.
How do I track if I've maxed out the 50,000 point cap?
Kudos automatically tracks your Peloton purchases and can alert you when you're approaching the $5,000 purchase limit. You can also check your Chase Ultimate Rewards account to see your total points earned in the Peloton category.
Does the annual fee get charged before I can use the Peloton benefits?
Yes, the $795 annual fee posts with your first statement. However, you can offset this immediately by:
- Meeting the welcome offer spend requirement (75,000 points worth $937+ for travel)
- Using your $300 travel credit
- Activating and using your Peloton membership credits
Can household members on my Peloton account use these benefits?
The membership credits apply to the primary membership charged to your Sapphire Reserve card, regardless of how many household profiles you have. However, equipment purchases by anyone won't earn the 10x bonus unless paid with your specific Sapphire Reserve card.
What if Peloton offers a discount on membership—do I still get the credit?
Yes! The credit is applied to whatever you're charged. If you have a discounted membership rate, you'll get up to $10 credited back, which might cover 100% of a discounted rate.
Start Maximizing Your Peloton Benefits Today
The Chase Sapphire Reserve® Card Peloton partnership is one of the most valuable fitness-related credit card benefits available—but only if you use it strategically.
Here's your takeaway:
- Activate immediately: Don't leave the $120 annual membership credits on the table
- Time equipment purchases: If you're buying a bike, tread, or rower, use your Sapphire Reserve to earn 10x points
- Track automatically: Use Kudos Hidden Perks to ensure you never miss a monthly credit
- Calculate total value: Make sure your combined benefits exceed the $795 annual fee
The average Kudos user who tracks their Peloton benefit saves the full $120 annually, while users who forget about the benefit leave an average of $87 unclaimed each year.
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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