Chase has brought back its Peloton offer for Sapphire Preferred cardholders, covering a month of the Peloton App+, Peloton App One, or Peloton Strength+ App membership through a statement credit.
The credit is equal to the full amount of your first monthly charge on a qualifying plan. Taxes are included, and it is calculated after any discount you already have applied. Each cardholder can use it once.
The offer sits in the “Offers” section of your Chase account, tied to your Sapphire Preferred card, and it has to be activated before Peloton bills you. Turning it on after the charge posts will not work. This offer may not be available to all Sapphire Preferred members.
Once it is active, subscribe or let your recurring monthly charge run through Peloton and then you should see a statement credit on your account.
You must activate the offer by September 30, 2026, and the charge must post by October 30, 2026. The offer can only be used once, and is only good for monthly plans (which rules out pre-paid annual subscriptions). This will only work for people who are signed up for the app membership through Peloton – so those who get charged by Apple or Google won’t get a credit.
This offer is only for app membership tiers, so won’t apply to hardware owners who have the All-Access membership.
What the credit is actually worth comes down to which plan you land on. App One runs $12.99 a month and Strength+ is $9.99, while App+ sits at $28.99, making it the most valuable of the three to put the credit against.
Chase had a similar promotion back in February.
Like last time – this offer seems to only be available for those with the Chase Sapphire Preferred card, and not the Chase Sapphire Reserve card. This is likely due to the fact that the Reserve card carries its own Peloton perks, from recurring statement credits to accelerated points on equipment orders, and more.
This November, Chase & Peloton are running a four night wellness retreat at COMO Parrot Cay in the Turks and Caicos led by Rebecca Kennedy and Andy Speer, which went for $7,950 or 795,000 Chase Ultimate Rewards points and covers two people. This was only available to Chase Sapphire Reserve members.
Peloton & Chase first teamed up in 2020 around statement credits toward monthly memberships. Their agreement now runs through the end of 2027 following a third extension.
Sapphire Preferred cardholders should take a look at their offers before September 30.
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