Chase Adds Peloton Credit On Sapphire Cards!

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AMEX and Chase have been battling during the COVID-19 pandemic as they add new benefits to make up for the lack of travel benefits normally offered on their cards.

A week ago, Chase added grocery benefits to their Sapphire cards and extended alternate options for the $300 travel credit for well into 2021.

Yesterday, AMEX announced new Uber benefits on their cards.

And today, Chase announced that you will be able to get statement credits for Peloton.

Statement credits will be applied automatically until reaching the full value offered on that card.

Credits are valid for Peloton Digital (Normally $12.99/month) and All-Access Memberships (Normally $39/month) through 12/31/21.

Digital app users can also enroll in a month free trial.

Just update your card on your Peloton account in order to take advantage of this offer.

Chase says that “This is the first step in a broader collaboration to provide Sapphire cardmembers more value when using their card with Peloton.”

That’s great news for Peloton users!

Do you use a Peloton? Will this offer be enough for you to get one?

HT: Leon F.

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30 Comments On "Chase Adds Peloton Credit On Sapphire Cards!"

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

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Jacob

If we don’t have a peloton anything good to use this credit on?

MT

I believe the peloton app has many other workout options that don’t require a bike, like strength, yoga, running etc. People who use it have been raving about it. I haven’t tried yet

Joe

How useless

Kishke

If they had a $3,000 credit when purchasing it…,

yelped

I hate that Amex and now Chase have started pursuing individual partnerships instead of just crediting that whole category.

tony

Def amazing they did this! It is the best investment I’ve done in my life! I can’t get off of it!

HZGTAX

My wife and I each have the Sapphire Reserve card, anyway for us to each maximize the $120 credit? monthly Peloton fee is $40

normathej

Yes, great benefit for me! Now to qualify for the reserve…

Andy

Having a lot of trouble figuring out how to change payment info on the app. Anyone know how to?

chana

do it from a computer. I did that and it was super easy. Under Membership on the computer

HZGTAX

Don’t do it on the app, do it on the website

Andy

If you originally signed up through the app store on your phone, it won’t let you switch on the website :-/

chana

yes it will. I did it.

Erica

I actually just reached out to Peloton. You can cancel your current membership through the app store and then you will be prompted to sign back up again once your current billing cycle is over.

I’m pumped that it will almost cover my monthly fee!

Steve

Think Peleton would let me buy a bike using 50 credit cards!

Eli

Safe to assume that a (non-membership) purchase will not actually be credited?
I have zero interest in membership, but would definitely “purchase” an accessory or two!
Anyone have experience with these types of credits?

Work-for-ur-muny

I don’t know how much value I have from this Chase offer, but I sure as he!! got a great ROI on Peloton’s stocks! Their YTD gain is 326.03%!

Noam

Where are the gym located ?

Work-for-ur-muny

In your house? These are not locations. They sell exercising equipment, and you can have subscriptions to their services where they offer live and on-demand classes for all level workouts etc.

Eli

Is this targeted? I don’t see it in my offers.

Andy

$120 credit towards a $2000 exercise bike? I’ll stick with my real bike.

s

can you tell us if you used your hydro machine or returned it /

normathej

@dan you can try the Peloton for free for 30 days…

as

Can I buy peloton shoes with this credit? anyone know?

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