Chase Sapphire cardmembers will receive up to $120 in statement credits towards Peloton memberships

Yesterday, Peloton announced a new partnership with Chase Sapphire cardmembers.

If you’re an eligible cardmember and have a membership activated by Peloton, you will receive statement credits until you reach the full value offered by your card: 

Chase Sapphire Reserve cardmembers will receive up to $120 in statement credits on either Peloton Digital or All-Access Memberships through December 2021.  

Chase Sapphire Preferred cardmembers will receive up to $60 in statement credits on either Peloton Digital or All-Access Memberships through December 2021. 

For all access members, as long as the card you use is the default card on your Peloton account, there is nothing else you need to do.

For Peloton Digital members, you’ll need to enroll here and will have to make sure you are paying Peloton directly instead of using third-party payments through Google Play, Apple, etc.

CTW’s Take

One benefit here is giving new and existing users a reason to pay Peloton directly for the membership instead of going through any third-party billing systems. For Chase, they get co-promotion by one of the fastest-growing brands in 2020.