Chase Sapphire Preferred, Reserve Add Peloton Statement Credits (Limited Time)

Melissa LambarenaOct 27, 2020

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

If you have a Chase Sapphire Preferred® Card or a Chase Sapphire Reserve® card, you'll now be able to get fit and ward off holiday pounds with limited-time statement credits toward eligible Peloton memberships.

Here's what the cards will offer:

  • Chase Sapphire Preferred® Card: Earn up to $60 in statement credits on Peloton Digital and All-Access memberships through Dec. 31, 2021.

  • Chase Sapphire Reserve®: Earn up to $120 in statement credits on Peloton Digital and All-Access membership through Dec. 31, 2021.

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 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.

In recent months, Chase has made other temporary changes to Sapphire cards to accommodate the shift in household spending due to the COVID-19 pandemic.

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.