Chase is rolling out a major update to its Sapphire Reserve credit card benefits, and Peloton members stand to gain.
Starting June 23, 2025, Chase Sapphire Reserve cardholders will be able to earn up to $120 in annual statement credits toward Peloton memberships (including all-access memberships for those with hardware), along with 10x points on eligible Peloton hardware and accessory purchases, up to a total of 50,000 points.
Peloton and Chase have previously made this offer; however, it was typically a limited-time promotion. Now, the benefits appear to be ongoing annually.
According to the new benefit listing on Chase’s website, the $120 in credits can be used toward any Peloton membership tier, including the All-Access Membership, App One, App+, Guide, or the recently launched Strength+ plan. The credits are available each calendar year but require activation.
The Peloton perk comes with a host of other changes to the Sapphire Reserve card. The annual fee is increasing from $550/year to $795, but in addition to the Peloton perks, are also adding $250 credit towards Apple TV+ & Apple Music, $300 credit to StubHub, $500 in credits to The Edit, complimentary IHG One Rewards Platinum Elite Status, and more.
The official language from Chase on the Peloton benefits is:
Beginning on June 23, 2025, get up to $120 in annual statement credits towards Peloton memberships, including All-Access Membership, App One, App+, Guide or Strength+.* Reach your fitness goals through workouts like cycling, running, barre, boxing and more, all led by motivating Peloton instructors. Activation required.
Also launching on June 23 is a 10x points offer on Peloton hardware, which applies to purchases of Peloton Bikes, Tread, or Row, as well as accessories. The offer maxes out at 50,000 points. The language states:
Earn 10x points on eligible Peloton hardware and accessory purchases, up to 50,000 total points. Shop Peloton Bikes, Tread or Row and explore thousands of classes from HIIT and strength training to yoga, walks and so much more.*
There are some important dates to note in the fine print. New Chase Sapphire Reserve cardholders who apply on or after June 23 will be eligible for the new Peloton statement credits and points offer immediately. Existing Sapphire Reserve cardholders will begin receiving the new Peloton membership statement credits on October 26.
The new perks follow the renewal of the Chase-Peloton partnership earlier this year, which was extended through March 31, 2027.
For full details on this latest development, visit the official Chase Sapphire Reserve benefits page.
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