Chase Now Awarding Sapphire Bonus Points On The Newly Discounted Peloton Bike, Plus Save On Accessories!

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Update: Readers have confirmed receiving the 5x-10x bonus points on $1,400+ purchases!

Chase announced last year that they were partnering up with Peloton and they offered the following benefits:

  • 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: XTU9FR

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?

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25 Comments On "Chase Now Awarding Sapphire Bonus Points On The Newly Discounted Peloton Bike, Plus Save On Accessories!"

All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.


Or you can run for free

Nate nate

You don’t get points for running.


cc mentality. Spend money so you can get points.


Any idea if it will be retroactive to last week or starting now?

Question about Preferred card

Is the bonus on all large purchases? Or just large purchases from Peloton?


Do all the videos contain women doing the exercises or do some have only men (ie are tzniyus)?


Many are tznius. You may not like some of the language/music though.


I bought a Peleton bike and returned it after 2 weeks. The female instructors are all VERY un-tznius (even made my wife uncomfortable). Nearly all the instructors use regular foul language in every class and the music lyrics are often inappropriate too. The most popular instructor is a male who constantly flaunts his personal dating preferences (if you know what I mean). Don’t let the “explicit” filter fool you. It doesn’t apply at all to live classes (which is the best part of Peloton biking) and even for the recorded classes the filter is badly inaccurate.

Note: There is one instructor Sam Yo who is a Bhuddist Monk (yeah, really) who has the only “clean” class. I loved his rides and wished all the instructors were like him.

The bike itself is excellent quality and the screen/video is great. However, it is not worth the money for a Torah family to buy an expensive bike and high monthly membership fees to be able to use only 1 instructor.


Thank you for sharing this insightful comment.


Amazing. Thank you for letting me know. I was kicking myself for buying a different bike last week, but now I am happy with my decision


Agreed ty for sharing I thought the same exact thing and finally someone else has the guys to say like it is


Will you get it if you finance it?


100 off code doesn’t work anymore: “Code redemption limit has been reached. Please enter a valid code.” Do you have another one?


Try $100 off code: 4JCVE6


Are you sure this works for a 1495 purchase?
Chase says 1800?

New Peloton!

Just recently got my CSP card and want to order a Peloton. I tried upgrading CSP to CSR and two reps said no. Any advice on how to push it through? The extra 5x points would be huge.


AF $550 hit 9/1
How long to cancel n get a refund?


Possibly to move UR from CSr to ink ?
If so link how to add ink number to csr screen so can transfer