[Extended] Chase Adds $120 Peloton Membership Benefit To Sapphire Reserve Card; $60 To Sapphire Preferred

Update 3/31/25: See update on the Chase Peleton benefit at the end of this post. 

Update 1/5/22: The $120/$60 credits offer has been extended through June 30, 2022 for those who have not yet used it. (The 10x/5x points offer might still be ending on 3/31/22.) Hat tip to FM

Update 3/31/21: Chase has also announced that Preferred cardholders will earn 5x points and Reserve cardholders will earn 10x points on Peloton equipment purchases through March 2022 with a cap of 25,000 & 50,000 points respectively.

Original Post:

Chase has launched today a new partnership with Peloton exercise company to get a statement credit toward the cost of the Peloton monthly membership fee.

Direct Link to offer | Press Release 

• Chase Sapphire Reserve cardholders will get up to $120 in statement credits to offset the cost of either the all-access membership fee ($39/month) or the digital access cost ($12.99/month).
• Chase Sapphire Preferred cardholders will get up to $60 in annual statement credits to offset the cost of either the all-access membership fee ($39.99/month) or the digital access cost ($12.99/month).

This new offer begins now and continues through December 31, 2021. Basically, you can get 3 free months of all-access membership or around 8 months of free digital access membership. The digital membership also comes with a 30 day free trial.

Niche benefit, but will be useful to some. Note: you don’t need a Peloton bike to make use of Peloton membership subscription.