Home Personal Finance Chase Sapphire Cards Add Peloton Perks and Extend Offers

Chase Sapphire Cards Add Peloton Perks and Extend Offers

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For the next several months, both cards will offer elevated points on eligible Peloton purchases.

And if exercise equipment isn’t appealing? Chase has also extended or tweaked some existing pandemic-related offers, including elevated point values through its “Pay Yourself Back” feature, incentives for using Chase Dining, as well as continued flexibility with the Sapphire Reserve’s travel credit.

Peloton perks

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Peloton is best known for its stationary fitness bikes, but its digital and all-access memberships also offer access to thousands of workout classes, including cardio, strength, yoga and more. Purchasing a Peloton Bike or Tread (including Peloton bundled accessories) gets you more rewards with an eligible Chase Sapphire Preferred® Card or Chase Sapphire Reserve® card at checkout.

  • Chase Sapphire Preferred® Card: Through March 2022, earn 5 points per $1 spent on each Peloton Bike, Tread, and accessory purchase of over $1,800, for a maximum of 25,000 points. Chase’s previous Peloton offer also allows up to $60 in statement credits on Digital and All-Access memberships through Dec. 31, 2021.

  • Chase Sapphire Reserve®: Through March 2022, earn 10 points per $1 spent on each Peloton Bike, Tread, and accessory purchase of over $1,800, for a maximum of 50,000 points. You can combine it with Chase’s previous offer for more value: Earn up to $120 in statement credits on Peloton Digital and All-Access membership through Dec. 31, 2021.

Additional offers

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Chase is also extending a few benefits for Sapphire cardholders that can offer more flexibility with points and perks if you prefer to not redeem them for travel this year:

  • The “Pay Yourself Back” feature: Through Sept. 30, 2021, points will continue to be worth 25% more for Chase Sapphire Preferred® Card cardholders or 50% more for Chase Sapphire Reserve® cardholders when redeemed for statement credits after using the card at grocery stores, home improvement stores, restaurants and select charitable organizations.

  • Chase Dining redemptions: Through Sept. 30, 2021, points are worth 25% more for Chase Sapphire Preferred® Card cardholders or 50% for Chase Sapphire Preferred® Card cardholders when they redeem for purchases with Chase Dining (including takeout, prepaid reservations and more). This pairs with an existing Chase offer: Through June 30, 2021, cardholders can also earn 10 points per $1 spent (up to $500) on purchases through Chase Dining in Ultimate Rewards®.

  • Travel credit flexibility for Chase Sapphire Reserve® cardholders: Through Dec. 31, 2021, gas station purchases and grocery store purchases will continue to qualify for the card’s $300 travel credit.

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