Update: Readers have confirmed receiving the 5x-10x bonus points on $1,400+ purchases!
- Sapphire Reserve and JPMorgan Reserve cardholders get $120 in statement credits for membership fees through 12/31/21. Plus earn 10 points per dollar on large purchases.
- Sapphire Preferred cardholders can get $60 in statement credits for membership fees through 12/31/21. Plus earn 5 points per dollar on large purchases.
Peloton dropped the price of their original Bike from $2,245 to $1,895 last September when they launched their Bike+ for $2,495.
Peloton has now dropped the price of the original Bike from $1,895 to $1,495!
Previously you needed to spend $1,800+ to trigger the 5 or 10 points per dollar, but Chase tells me that you can now earn the 5 or 10 points per dollar on $1,400+ purchases, so you will be able to take advantage of the lower pricing and earn bonus points!
A $1,495 bike purchased on a Sapphire Reserve would earn 14,950 points. Those points are worth about $235 towards Pay Yourself Back categories. And you’ll get $120 of the $39/month membership fees in 2021 credited back as well!
Additionally, if you buy a Peloton and accessories (like the shoes and cleats that clip into the bike) you can use the following promo code to save $100: 4JCVE6
You’ll want to order any accessories you’ll want together with the bike to get free shipping and earn the 5-10 bonus points per dollar spent on $1,400+ purchases.
Peloton offers free delivery and setup in the room of your choice, plus free returns with free return pickup within 30 days.
Do you use a Peloton?