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UPDATE Jan. 5, 2022: This article was originally published on Oct. 27, 2020, and has been updated to reflect the latest features of the card. Originally these credits were set to expire on Dec. 31, 2021, but have since been extended. The $60 and $120 respective credits are in total — not per calendar year.
Here's what the cards offer:
Chase Sapphire Preferred® Card: Earn up to $60 in statement credits on Peloton Digital and All-Access memberships through June 30, 2022.
Chase Sapphire Reserve®: Earn up to $120 in statement credits on Peloton Digital and All-Access membership through June 30, 2022.
Peloton is perhaps best known for its stationary fitness bikes, but its digital and all-access memberships offer thousands of on-demand or live fitness classes, and not just for indoor cycling. The at-home library features yoga, running, strength training and more.
The all-access membership lets you get to Peloton content through a Peloton Bike or Tread, or via the Peloton App. It typically costs $39 a month.
The digital membership lets you access that content via the app, no bike or tread required. It normally costs $12.99 a month.
How does it work?
To start, you’ll get a 30-day free trial when you visit onepeloton.com/chasesapphire and enroll in an eligible Peloton membership with a Sapphire card. After the free trial ends, you’ll be billed for the monthly membership and statement credits will be automatically applied to your credit card statement to cover that cost.
Once the promotion ends, you’re free to cancel the subscription at any time. Terms apply. Memberships purchased through a third-party app store will not qualify for this offer.
"We've heard from our cardmembers that personal wellness and connecting with others through new experiences are core to their lifestyle — even more so during this past year," said Marleta Ross, general manager of Chase Sapphire, in a press release.