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Peloton is shifting gears, debuting a souped-up fleet of fitness machines—including its first-ever commercial-grade model—and increasing prices on both equipment and memberships.
If you’re eyeing a new bike, treadmill or rowing machine, the timing of these price hikes might sting. But by making your purchase with certain Chase credit cards, you can take advantage of a partnership between the card issuer and fitness brand, earning statement credits and cash back on your purchase.
Raising the Bar (and the Bill): Inside Peloton’s Next-Gen Gear
Peloton’s latest lineup is a real overhaul. The company is rolling out a new generation of connected fitness gear with cleaner designs, crisper screens, better sound and smoother connectivity.
Innovation often comes with a steeper price tag. Entry-level bikes now start at roughly $1,695, while the reimagined Tread+ with Peloton IQ can cost up to $6,695.
Even membership isn’t immune to inflation. Peloton’s All-Access plan is jumping from $44 to $49.99 per month. The App+ plan is rising to $28.99 per month, and the basic App One plan will now run $15.99 per month.
For casual users, those numbers might feel like a heavy lift. But smart use of credit card perks can help balance out the burn.
Spin Smarter: How Chase Can Cushion the Cost
If you hold a Chase Sapphire Reserve®, you already have a built-in benefit to help soften the blow. Through December 31, 2027, qualifying purchases of Peloton equipment or accessories can earn 10X Ultimate Rewards points on up to $5,000 of spending.
To qualify for the 10X rate, your order must total at least $150. To meet the minimum, you can buy a single item priced above $150 or bundle multiple accessories and gear into one purchase.
Sapphire Reserve cardholders can also receive up to $120 in statement credits per year ($10 per month) toward Peloton memberships, if activated.
Meanwhile, Chase Sapphire Preferred® Card cardholders receive 5X points under the same Peloton promotion, also on qualifying purchases over $150, with a maximum of 25,000 points earned.
Here are some tips on making the most out of your Chase Sapphire card’s Peloton benefits:
- Maximize the 10X or 5X points benefit. This benefit is capped at $5,000 in purchases, meaning you can earn up to 50,000 Ultimate Rewards with the Chase Sapphire Reserve, or up to 25,000 points with the Chase Sapphire Preferred. To qualify for the bonus rate, your purchase must total at least $150 and be made directly through Peloton, either online, at a showroom or by phone.
- Leverage the membership statement credit. The $120 annual credit available to Sapphire Reserve cardholders can reduce your net membership cost. While the new All-Access price of $49.99 per month exceeds the $10 monthly credit, the savings are meaningful over time.
- Double dip with portal and Chase offers. Before checking out, see whether Peloton appears in the Chase Shopping Portal or is included in any active Chase Offers. While eligibility must be confirmed, stacking a portal bonus with 10X or 5X points could amplify your savings.
Bottom Line
Peloton’s sweeping upgrade and its first commercial-grade offering mark a turning point. But the price hikes make the value proposition harder to swallow, especially for casual users.
That said, if you can maximize the Chase and Peloton benefits, you can reduce the effective cost of equipment, accessories and monthly memberships.
Before clicking the tempting “purchase” button, run the numbers: Calculate your net cost after credits and points, compare it with older models or refurbished options and decide whether the new features are must-haves. If they are, the Chase deal makes a compelling lever in a more expensive era.