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December 11, 2024: If you hold a Chase Sapphire Preferred® Card or Chase Sapphire Reserve®, you can get a massive amount of points with Peloton equipment and accessory purchases, thanks to a promotion that Chase and Peloton are running through March 31, 2025.
Here’s what you need to know to get the most points on your Peloton purchases.
About the Chase Peloton offer
The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® both offer bonus points on Peloton equipment and accessory purchases over $150 through March 31, 2025.
With the Chase Sapphire Preferred® Card, you’ll get 5x points and with the Chase Sapphire Reserve®, you’ll get 10x points. And these points are Ultimate Rewards® points, which can be redeemed for cash back, used for travel through Chase Travel℠ for increased value, or transferred to one of Chase’s travel transfer partners.
Naturally, the Chase Peloton offer is a great deal if you’re thinking of getting a new Peloton bike or tread, but you don’t have to purchase Peloton’s newest equipment to get a bonus. Any purchase made at onepeloton.com over $150 should trigger the bonus.
Yes, you can use the bonus multiple times.
The Chase Sapphire Preferred® Card has a maximum bonus of 25,000 points and the Chase Sapphire Reserve® has a maximum bonus of 50,000 points for the duration of the promotion. Unless you’re purchasing a new Tread+, you’re not likely to run into this cap in a single purchase.
That means you can continue to use your Chase Sapphire card for all of your Peloton purchases through March 31, 2025 and earn bonus points, up to the promotion cap on each card.
Combine with a new cardmember welcome offer to earn even more rewards.
If you don’t already have a Chase Sapphire Preferred® Card or Chase Sapphire Reserve®, you can get a new card and earn a new cardmember welcome bonus for even more points. New cardmember welcome bonuses require spending a certain amount on the card to earn the bonus, but a large Peloton purchase can get you most of the way there. Here are the current new cardmember welcome bonuses on the Chase Sapphire cards.
Chase Sapphire Reserve® welcome bonus details
Annual fee: annual_fees
Best sign-up bonus online: bonus_miles_full Learn how to apply.
This bonus is earned as Chase Ultimate Rewards® points.
Chase occasionally offers a better bonus on the Sapphire Reserve in-branch. If one is available, we’ll cover that on our page detailing the best Sapphire Reserve bonuses. We’ll always tell you about the best offer we know of.
Chase Sapphire Preferred® welcome bonus details
Annual fee: annual_fees
Best sign-up bonus online: bonus_miles_full Learn how to apply.
This bonus is earned as Chase Ultimate Rewards® points.
Although this is the best bonus available online, Chase frequently offers a slightly larger bonus in-branch. See our coverage of the best Sapphire Preferred bonuses for more on that. We always tell you about the best offer we know about.
Terms and conditions of the Peloton offer
Here are the terms and conditions from Chase’s website. You can see that you’ll earn points on up to $5,000 of total purchases when you use your card to purchase equipment and accessories directly from Peloton through March 31, 2025.
Chase extended warranty: Another reason to take advantage of the Peloton Chase offer
Getting up to $750 in travel rewards from your Peloton purchases is a great reason to put your new Peloton equipment purchase on your Sapphire card. But there’s another reason you will want to use your Chase card for your purchase. Both the Chase Sapphire Preferred® Card and Chase Sapphire Reserve® offer the Chase Extended Warranty benefit.
The Chase extended warranty gives you an extra year of warranty protection on original manufacturer’s warranties up to 3 years. The warranty on your Peloton equipment provides different amounts of coverage depending on what fails. Most equipment frames come with a 5 year warranty, which would not be eligible for extended warranty coverage, but motors and screens often come with warranties of 3 years or less, which the Chase Extended Warranty benefit would extend.
My experience with the Chase Peloton offer
We preordered our Peloton Tread+ and received it in April. We used a new Chase Sapphire Reserve® card for the purchase, which means we were able to double-dip and get 10x points from the Sapphire Reserve® Peloton offer and have the spending count toward a new cardmember welcome bonus. We got 50,000 points from the Chase Peloton offer and and another 60,000 points from the then-current Sapphire Reserve welcome offer, which we can use for $1,650 worth of travel through Chase Travel℠.
More on the Chase Sapphire cards
Here’s a bit more info on the cards that have a Peloton equipment and accessory purchase bonus.
More on the Chase Sapphire Reserve® card
The Chase Sapphire Reserve® Card is Chase’s flagship travel card offering increased rewards, transferable points, airport lounge access, an annual travel credit and a robust suite of travel insurance protections. The card has an annual fee of $550.
The card earns increased points on a variety of travel and other categories of spending. When you book hotels and car rentals through Chase Travel℠, you’ll earn 10 points per dollar using the Sapphire Reserve. Flights booked through Chase Travel℠ earn five points per dollar. You’ll also earn three points per dollar on restaurants and on all other travel after the first $300 (which is automatically reimbursed thanks to the card’s annual travel credit.) Finally, the card earns one point per dollar on all other purchases.
The Sapphire Reserve is loaded with additional benefits. First, you’ll get an annual travel credit toward the first $300 of travel expenses you charge to the card. The card includes airport lounge access to Chase’s network of lounges. You’ll also get Priority Pass lounge access, including access to the Chase Sapphire Lounge by The Club. When traveling, you’ll get one of the most comprehensive suites of travel insurance protections available on a credit card, including trip cancellation/interruption insurance, primary auto rental collision damage waiver insurance, lost luggage reimbursement, and trip delay reimbursement. Finally, holding the Sapphire Reserve card makes all of your Ultimate Rewards points even more valuable. You’ll be able to redeem them for 1.5 cents each toward travel through Chase Travel℠ or transfer your points to airline and hotel partners.
More on the Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is one of Chase’s flagship rewards cards. It offers elevated rewards in useful categories like travel, online grocery, dining, and select streaming services and best-in-class travel insurance protections. The Chase Sapphire Preferred® carries an annual fee of $95.
The card offers rewards of three points per dollar in several categories, including online grocery, select streaming providers, and dining. When you purchase travel through Chase Travel℠, you’ll earn five points per dollar. All other travel earns two points per dollar. Finally, the card also offers increased rewards for Lyft rides (5x) and Peloton purchases.
The Sapphire Preferred features travel insurance benefits like primary rental car insurance, baggage delay insurance and trip delay reimbursement coverage, making it an excellent choice to use for booking travel. Most importantly, the card offers transfers to Chase’s useful suite of travel partners, plus 25% increased value for your rewards when you redeem them for travel through Chase Travel℠.
Bottom Line: The Chase Sapphire cards are the best cards for Peloton equipment purchases right now.
Without a doubt, the Chase Sapphire Preferred® Card and Chase Sapphire Reserve® are the best two credit cards to use for a Peloton equipment purchase right now. You’ll earn more points on your Peloton purchase than you will with any other card and you’ll receive a decent extended warranty benefit to boot!
Frequently asked questions
Can I get the Chase Peloton offer if I already have a Sapphire Reserve or Sapphire Preferred?
Yes. Existing cardmembers are eligible to receive this offer.
What is the maximum number of points I can earn?
You can earn up to 25,000 bonus points on Peloton purchases with the Chase Sapphire Preferred® and up to 50,000 bonus points with the Chase Sapphire Reserve®.
Can I change my Peloton equipment purchase to my Chase card?
If you have not yet received your new Peloton equipment, you can change the card that will be charged for your equipment to your Chase Sapphire card. Contact Peloton customer service, who can assist you with changing your payment card.
Can I get bonus points on my Peloton membership?
The Chase Peloton bonus only applies to purchases of accessories and equipment made at onepeloton.com. It does not apply to your monthly membership fee.
Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.
