Chase is offering another Peloton perk for Sapphire Preferred cardholders – this time, one free month of a Peloton App+, Peloton App One, or Peloton Strength+ App membership via a statement credit.
The offer works as 100% cash back on your first paid month of a qualifying Peloton membership, including taxes and after any discounts. It covers a single month and is a one-time use offer.
To take advantage, you’ll need to opt in through your Chase account. Log into your Chase account, navigate to the “Offers” section, and look for the Peloton offer on your Sapphire Preferred card. However, not all Chase members are being shown this offer – it is only being given to a certain subset of Chase Sapphire card members.
Once activated, make your first recurring monthly payment directly through Peloton and the statement credit will be applied automatically.
Here are the key details:
- Must opt in to the offer by March 16, 2026
- First recurring payment must be made by April 16, 2026
- One-time use only
- Valid for monthly subscriptions only – excludes prepaid annual subscriptions and the Peloton All-Access Membership
- Must be purchased directly through Peloton (not through third-party services or payment accounts)
- U.S. purchases only, online only
- Recurring subscription payments begin directly after any trial period
For reference, the Peloton App One membership is $12.99/month, the Peloton App+ membership is $28.99/month, and the Peloton Strength+ App is $9.99/month. The statement credit covers whichever tier you choose, so the value of the offer depends on which membership you sign up for.
This is similar to a promotion Chase ran last year for Sapphire Preferred members, which offered up to two free months of App One or Strength+ (but did not include App+ at that time). This current offer is limited to one month but expands the eligible memberships to include App+.
The Peloton and Chase partnership has been ongoing since 2020 and was most recently renewed through 2027. Chase Sapphire Reserve cardholders have their own set of Peloton benefits, including monthly statement credits and bonus points on hardware purchases. Chase has also hosted exclusive in-studio cycling classes for Sapphire cardholders, with the most recent one featuring Jess King on February 20.
If you’re a Chase Sapphire Preferred cardholder, be sure to check your offers before March 16 to take advantage.
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