Chase Sapphire Cards Get New Peleton Statement Credit Benefit

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Premium rewards card customers are valuable consumers that brands want access to. Card issuers can form partnerships that allow them to deliver their cardmembers as a product to those brands, while providing real value from the brands to their customers as well. It’s a real win-win.

We’ve seen this extensively from American Express for instance with Uber, Saks and Dell (and previously with WeWork). At the beginning of the year Chase introduced DoorDash benefits to Sapphire and Freedom cardmembers and they introduced Lyft benefits as well.

Now Chase has introduced a new Peleton benefit for Sapphire cardmembers on Digital and All-Access Memberships through December 31, 2021.

Chase also promises more to come for Sapphire cardmembers with this partnership (“the first step in a broader collaboration with Peloton to offer Sapphire cardmembers more value in the fitness space”).

New Peloton Digital Members can receive a 30-day free trial enrolling with a Sapphire Reserve or Preferred card. Existing members are eligible for the statement credits but for them to trigger memberships need to be managed directly by Peleton (you can change to this if you signed up through another service).

Chase has the biggest-ever public offer for the Chase Sapphire Preferred® Card ending November 8: 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. In addition to 2x earning on travel and dining, November 1, 2020 – April 30, 2021 the card will earn 2 points per dollar on grocery store purchases.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of advertisers Citibank, Chase, American Express, Barclays, Capital One or any other advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

Comments

  1. Spending even more money on fancy exercise stuff won’t help you lose that weight.
    Willpower is free. So are calisthenics. So is jumping rope.

  2. Did not know Peloton was a bike + subscription. Americans budgets are dying a death by a thousand cuts. Stop subscribing to everything people.

  3. I had no idea it was a subscription either. No wonder their stock is up 300% since January.

    There’s “need to have” and “nice to have.” I’m pretty sure a stationary bike subscription is “a thing I have” rather than either of those.

  4. Per a business article I saw:

    “The cost for a bike starts at $2,245 or $58 a month, plus the cost of a membership which is $39, according to Peloton’s website. With equipment and the subscription, it would cost a user around $3,000 for the year.”

    That $120 a year credit (I have the CSR) doesn’t go very far. I’m all for trying to stay in shape but am fine with my Y family membership (more expensive I know than many gyms but I feel it is money well spent), a Nordic track treadmill, free weights and walking (plus also walking my diet).

  5. Or do the $13/month plan and get a spin bike for $350 on amazon. I got a used spin bike in auction from a gym going out of business. I pay $13/month for unlimited spin classes and I have some adjustable dumb bells and do their strength training. That $13/month is cheaper than my gym and I can work out on my own schedule, not sharing equipment, wasting time to go to/from the gym, etc. The “drawback” to the $13/month plan is the trainers do not give you shout outs, you do not see the leader board and if you want to monitor your heart rate you’ll need a bluetooth monitor and sync it up to your phone (or now via firetv or shield tv you can sync the bluetooth monitor while doing peloton).

    For the $13 you get spin, running, stretching, yoga, strength, meditation and a few other categories too. Its certainly the best deal on the market.

    Peloton does not require $2,000+ on equipment + $40/month. That is only if you require every bell and whistle.

  6. Ed – you’re literally richer for not knowing.

    But since you asked, it’s something that misogynistic men buy for their 116 lb spouses to become 112 lb. And then they make their wives watch the video summarizing their year of workouts, and thank them for it the following holiday. 😉

    (Feel free to Google their commercial.)

  7. OK, this is kind of cool. We just ordered the recently released Peloton Bike+. We already have a commercial-grade treadmill and elliptical, because when you have young children you’re at home all night, pretty much every night. Also planning to expand with a Rogue rack and other lifting gear. Haven’t been to a gym since February and we’re excited to get some kind of price breaks on the home setup. Thanks for posting. Do we need to take any action to get the incentive?

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