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The Chase Sapphire Reserve® Peloton offer gives you up to an additional 50,000 points on your purchase of Peloton equipment. The Chase Sapphire Preferred® Card offers a similar promotion, where you can earn up to 25,000 points.
Whether you’ve lusted after the Tread+ since the original Tread+ was discontinued in May 2021, and finally plan to get one or you’re looking at a new Peloton bike or rower, putting your purchase on your Sapphire Preferred or Sapphire Reserve card will get you the most rewards possible. Here’s what you need to know.
In this article…
How the Chase Peloton offer works
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. Here are some examples of how many points you could get with each purchase. (Prices were current at the time of publication.)
| Peloton equipment purchased | Chase Sapphire Preferred® | Chase Sapphire Reserve® |
|---|---|---|
| Earns 5x bonus points, up to 25,000 points through March 31, 2025. | Earns 10x bonus points, up to 25,000 points through March 31, 2025. | |
| Peloton Bike+ $2,495 | 12,475 bonus points | 24,950 bonus points |
| Peloton Bike $1,445 | 7,225 bonus points | 14,450 bonus points |
| Peloton Tread+ $5,395 | 25,000 bonus points | 50,000 bonus points |
| Peloton Tread $2,995 | 14,975 bonus points | 29,950 bonus points |
| Peloton Row $2,995 | 14,975 bonus points | 29,950 bonus points |
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. This means you can get a Chase Peloton bonus on refurbished equipment and accessories as well.
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 Reserve® or Chase Sapphire Preferred® Card, 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
Learn how to apply.
Annual fee: annual_fees
Chase Sapphire Reserve® sign-up bonus
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Business as usual welcome bonus.
More about this card
Benefit highlights:
$300 annual travel credit.
Complimentary airport lounge access.
Best-in-class travel insurance protections.
No foreign transaction fees.
Purchase protection.
Return protection.
Extended warranty.
Rewards:
10x on hotel stays purchased through Chase Travel℠
5x on flights purchased through Chase Travel℠
3x at restaurants, including eligible takeout and delivery services.
3x on other travel, worldwide.
1x on other purchases
Rewards are earned as Ultimate Rewards® points.
Learn more:
Learn more about Chase Ultimate Rewards®.
See the best Ultimate Rewards welcome bonuses.
Chase Sapphire Preferred® welcome bonus details
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® Card 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.
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℠.
Getting value from the cards.
Buying new Peloton equipment 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 Points | 5x – 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 points | Points 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 |
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
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℠.
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.
