Peloton Partnering with Hamburger Sparkasse in Germany & American Express in Australia to Offer Discounts on Peloton Products

Peloton is partnering with banks in Germany and Australia to offer discounts on Peloton products.

First, Peloton has announced a new partnership with Hamburger Sparkasse in Germany to offer account holders a €250 discount on Peloton products and accessory packs. The offer is available from January 19 through February 28, 2023.

Peloton has published a new support page with additional details. The offer is only available to active Hamburger Sparkasse account holders. Those interested are instructed to log into their Hamburger Sparkasse account and click on the Peloton offer, which will provide a one-time discount code to be applied at checkout. The code will grant €250 off of a Peloton purchase of a Bike, Bike+, Tread, or a “Peloton Fitness Equipment Set.”

Peloton has also announced a new partnership with American Express in Australia to offer Amex Cardholders 15% cash back (up to $450) when spending $2000 or more in a single Peloton purchase. Like the Hamburger Sparkasse offer, the Amex offer is available beginning on January 19 – however, it will only be available through February 16, 2023.

Peloton has published a new support page with all of the details. Interested Amex cardholders can enroll via the “My Offers” section of the Amex App or via the Amex web app before making their purchase. After the purchase, Amex will issue the proper cash back amount within 3-5 business days.

Peloton recommends that cardholders contact American Express to determine whether or not they are eligible. Note that this offer is only available for those using their Amex card to make the purchase in full – so it does not apply to any orders made with financing.

If you’re an Australian member who has recently purchased a device but has not yet received it, you may still be able to take advantage of the offer. Peloton recommends canceling or replacing your order by contacting the Support team via chat at or by emailing If you have already received your Bike or Bike+, you can contact Amex to inquire about whether they will grant the offer under your specific circumstances.

You can find more information about both of these new offers – Hamburger Sparkasse in Germany and American Express in Australia – via Peloton’s website.

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Katie Weicher
Katie Weicher is a writer for Pelo Buddy. She purchased her Peloton Bike in 2016 and has been riding, strength training, and yoga flowing ever since. You can find her on the leaderboard at #kweich.

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