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Home » Chase and Peloton: How to get up to $1,650 of travel rewards out of your new Peloton Tread+ purchase

Chase and Peloton: How to get up to $1,650 of travel rewards out of your new Peloton Tread+ purchase

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.

Peloton Tread+ deliveries are starting and according to an email they sent out, Peloton expects to ship all existing preorders by April.

If you’ve lusted after the Tread+ since the original Tread+ was discontinued in May 2021, you might want to be sure that you’re getting the most points possible from your $5,995 purchase. If you get a new Chase Sapphire Reserve® Card and put your Tread+ purchase on it, you could get up to $1,650 of travel out of your purchase, plus an extra year of extended warranty.

Here’s everything you need to know about how to get the most rewards from your Peloton Tread+ Purchases.

Here’s how the Chase Peloton bonus works

The Chase Sapphire Preferred® and Chase Sapphire Reserve® both offers 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. Putting your Peloton equipment on either card will also extend your equipment’s warranty with the Chase Extended Warranty benefit. You’ll get extra year of protection to your new equipment’s standard warranty—for free.

Here’s how the math works out on earning points for Peloton purchases with a new Chase Sapphire Preferred® or Chase Sapphire Reserve® card.

Chase Sapphire Preferred®Chase Sapphire Reserve®
Welcome bonus60,000 bonus points after you spend $4,000 on purchases within 3 months.60,000 bonus points after you spend $4,000 on purchases within 3 months.
Peloton purchase25,000 points (5x points on up to $5,000 of qualifying Peloton purchases)50,000 points (10x points on up to $5,000 of qualifying Peloton purchases)
Total points75,000 points, redeemable for
$750 cash rewards
$937.50 worth of travel through Chase
110,000 points, redeemable for
$1100 cash rewards
$1,650 worth of travel through Chase
Annual fee$95$550
Points for Peloton equipment purchases with a new Chase Sapphire Preferred® or Chase Sapphire Reserve®

Getting value from the cards.

Buying a Tread+ with a new Chase Sapphire Preferred® or Chase Sapphire Reserve® is one of the few times when it might be worth getting a new credit card solely for a single purchase. But you can get plenty of value from these cards if you travel. Indeed, many people find that it is worth paying the annual fee. Here’s a quick overview of the value that these cards offer.

Chase Sapphire Preferred®Chase Sapphire Reserve®
Earning Points5x – Travel booked through Chase
5x – Lyft rides through March 31, 2025
2x – All other travel purchases
3x – Dining, including eligible delivery and takeout
3x – Select streaming services
3x – Online grocery purchases
1x – Other purchases
10x – Hotels and car rentals booked through Chase
5x – Flights booked through Chase
5x – Lyft rides through March 31, 2025
3x – All other travel purchases
3x – Dining, including eligible delivery and takeout
1x – Other purchases
Redeeming pointsPoints are worth 1 cent each for cash back.
Use points for 25% more value for travel.
Transfer option to travel partners.
Points are worth 1 cent each for cash back.
Use points for 50% more value for travel.
Transfer option to travel partners.
Travel benefits$50 Ultimate Rewards hotel credit$300 travel credit
Airport lounge access: Chase Sapphire Lounge by The Club and Priority Pass
Global Entry, or TSA PreCheck®  or NEXUS fee credit
Annual fee$95$550
Point earning and benefit comparison of Chase Sapphire Preferred® and Chase Sapphire Reserve® cards

Chase Chase Sapphire Preferred® and Chase Sapphire Reserve® welcome bonuses

Here are the details of the current Chase Sapphire Preferred® and Chase Sapphire Reserve® welcome bonuses.

Chase Sapphire Reserve® welcome bonus details

card_name welcome bonus:

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Our take on the welcome bonus: It has been a long time since Chase offered a larger welcome bonus on the Chase Sapphire Reserve®. The last elevated bonus we know about ended in 2022. There’s probably little reason to wait on getting this card.

Click here to learn more and apply.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Chase Sapphire Reserve® card art

Chase Sapphire Reserve® at a glance:
Annual fee: $550
Rewards: 10x hotels and car rentals through Chase. 10x Chase Dining. 5x flights through Chase. 3x dining. 3x other travel. 1x other purchases.
Perks: $300 annual travel credit. Priority Pass + Chase lounge access. Redeem points at 1.5c/point for travel. Transfer partners.

Chase Sapphire Preferred® welcome bonus details

card_name welcome bonus:

bonus_miles_full

Click here to learn more and apply.

Our take on the welcome bonus: It’s been almost a year since we saw a larger welcome bonus on the Chase Sapphire Preferred®. The current bonus is the standard bonus available online. You might be able to get an offer for 10,000 points more by applying in-branch.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Chase Sapphire Preferred® Card card art

Chase Sapphire Preferred® Card at a glance:
Annual fee: $95
Rewards: 5x hotels and car rentals through Chase. 3x dining. 3x streaming. 3x online grocery. 2x other travel. 1x other purchases.
Benefits: Premium travel insurance benefits. 25% more value on travel redemptions. Point transfers.

How to earn points on Peloton purchases with Chase Sapphire Preferred® and Chase Sapphire Reserve®

Chase has partnered with Peloton to provide a bonus for Peloton equipment and accessory purchases charged to the Chase Sapphire Preferred® and Chase Sapphire Reserve®. You can get up to 5x points on Peloton purchases over $150 with the Chase Sapphire Preferred® and up to 10x points with the Chase Sapphire Reserve®. Additional points on Peloton purchases are available through March 31, 2025.

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.

More on the 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

Chase Sapphire Reserve® card art
Chase Sapphire Reserve®

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, you’ll earn 10 points per dollar using the Sapphire Reserve. Flights booked through Chase 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 restaurant locations. 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 Ultimate Rewards or transfer your points to airline and hotel partners.

More on the Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card card art
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 Ultimate Rewards, 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 Ultimate Rewards.

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.