Chase Sapphire cardholders: Earn up to 10 points per dollar with Peloton
If your New Year's Resolution includes exercising more, you might get a boost in how many points you'll earn this year.
Last year, we saw statement credits and bonus earnings on the Chase Sapphire Reserve and Chase Sapphire Preferred Card. While the membership credits haven't returned, the bonus earnings are back.
Here's how you can earn up to 10 points per dollar on Peloton purchases.
From October 2020 to June 2022, you could receive statement credits for your monthly Peloton membership when paying with the Sapphire Preferred or Sapphire Reserve card. Plus, you could earn bonus points on equipment purchases.
The ability to earn bonus points has returned, earning at the following rates through March 2025:
- Chase Sapphire Reserve: Earn 10 points per dollar on Peloton equipment and accessory purchases of $250 or more — with a limit of 50,000 points.
- Chase Sapphire Preferred: Earn 5 points per dollar on Peloton equipment and accessory purchases of $250 or more — with a limit of 25,000 points.
To achieve the maximum number of points, you would need to spend $5,000 on Peloton equipment.
Related: The best credit cards to maximize fitness spending
Peloton bikes aren't cheap. If you'd like to take one for a test drive before buying, there's good news: You can try them in Capital One lounges and numerous Hilton hotels in the U.S. You also can rent bikes, though rentals may not qualify for the earning rates above. It will depend on how this codes on your credit card bill.
You also can try a Peloton bike, treadmill or rowing machine in your home for 30 days and get a refund if you decide it's not for you. Note that you need a monthly membership (which costs $44 plus taxes) to unlock all of the Peloton content on your in-home equipment.
If you're considering a Peloton purchase, you could earn up to 10 points per dollar by using a Sapphire card from Chase. Through March 2025, you could earn up to 50,000 points on these purchases.
Related: Why Peloton is my secret weapon to staying healthy while on the road
Additional reporting by Chris Dong and Zach Honig.