People in the UK who also have an American Express credit card now have a new Peloton discount available to them.
You can save 15% on Peloton purchases (Bike, Bike+, etc) by using an American Express card – in the form of a cash back credit applied to your billing statement. The maximum cash back you can get is £400, and the offer requires a minimum purchase of £1,500 or more. Note that you need to login to your American Express account and activate the offer before making the purchase. This AmEx program is available until September 17th.
At this time the offer doesn’t seem to apply to the Peloton Tread (which is currently not available for purchase due to the recall). It’s not clear if it will be expanded or not once it becomes available for sale again.
Peloton has a new support page with some additional details available. There are additional terms & conditions linked to from American Express’ page.
The big restrictions to know are:
- Limit one discount per credit card
- Can be purchased online, or at a Peloton showroom
- Your discount will be applied in the form of a statement credit back to your account
- You can’t sign up for Klarna and get this offer
- Corporate Amex cards and the Harrods Amex card aren’t eligible
- The charge must hit your credit card by September 17th
This is the second discount program that has been announced this week by Peloton. Peloton’s newly introduced Corporate Wellness Program also provides for some discounts on Peloton hardware as well.
In the US, Peloton has partnered with Chase. Those who have a Chase Sapphire credit card can get statement credits back on the monthly membership.
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