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Chase is launching a refreshed points accelerator for both Chase Sapphire Reserve and Chase Sapphire Preferred card members to receive bonus points through eligible Peloton purchases. These new add-ons are in addition to the perks that are already available since the inception of the Peloton partnership in October 2020. Here are the details.

Peloton Benefits: Opportunities and Eligibility

In addition to Chase’s suite of perks and benefits offered to card member, a new set of offers are on the table through March 2025. The breakdown by card type is listed below.

Chase Sapphire Preferred: Preferred card holders are eligible for 5x total points on Peloton equipment and accessory purchases over $250 through March 2025, with a max earning potential of 25,000 points.

Chase Sapphire Preferred®

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Secure application on issuer’s website

  • Our Rating 5/5 How our ratings work Read the review
  • APR21.49% - 28.49% (Variable)
  • Annual Fee$95
  • Sign Up Bonus 60,000Chase Ultimate Rewards Points More Info

    Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Dollar Equivalent: $1,380 (60,000 Chase Ultimate Rewards Points * 0.023 base)

The Chase Sapphire Preferred Card is one of the gold standards for earning travel rewards. It has a generous sign-up bonus and you can earn points on travel and dining expenses. The card does have an annual fee, but you can continue earning points through bonus categories and an anniversary points boost.

Overview

The Chase Sapphire Preferred is pretty flexible as it lets you transfer rewards points into miles or points several airlines and hotel programs. You can take advantage of strong transfer partners such as United, Southwest, Singapore Airlines, Virgin Atlantic and Hyatt. Similarly, you can book any reservation you want through the Chase Ultimate Rewards travel portal. Although the card might not be ideal for the most frequent travelers, it has a built-in upgrade path, so when it’s time to level up your travel rewards game, you won’t have to start from scratch.

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Pros

  • Points are easily transferable to airlines and hotel partners
  • Accelerated earnings on dining, travel & household purchases
  • Excellent travel and purchase protections
  • No foreign transaction fees

Cons

  • Not ideal for the highest spenders
  • $95 annual fee

Chase Sapphire Reserve: Reserve card holders are eligible for 10x total points on Peloton equipment and accessory purchases over $250 through March 2025, with a max earning potential of 50,000 points. 

Chase Sapphire Reserve®

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Secure application on issuer’s website

Rates & Fees
  • Our Rating 4.5/5 How our ratings work Read the review
  • APR22.49% - 29.49% (Variable)
  • Annual Fee$550
  • Sign-Up Bonus 60,000Chase Ultimate Rewards Points More Info

    Earn 60,000 bonus points after using your card to spend $4,000 within three months of account opening. Dollar Equivalent: $1,380 (60,000 Chase Ultimate Rewards Points * 0.023 base)

This card features an annual credit for travel purchases, which can offset the annual fee, plus bonus points when you sign up. You'll also get free access to tons of Priority Pass lounges and restaurant options around the world, along with access to the upcoming Chase Sapphire Lounge network.

Overview

If you’re looking to elevate your travel experience, look no further than the Chase Sapphire Reserve. When you first get approved, you’ll earn a sign-up bonus of 60,000 points after you spend $4,000 in the first three months—that’s worth at least $900 in travel-related spending booked through Chase Ultimate Rewards® and potentially more if you transfer your rewards to one of Chase’s airline or hotel partners.

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Pros

  • An array of premium travel perks including access to Priority Pass lounges
  • Easy-to-use $300 travel credit that helps offset card's annual fee
  • Generous rewards rates for spending

Cons

  • High annual fee may be a deterrent for some
  • Perks are starting to get stale relative to newer competition

See How Your Points Can Add Up

Equipment Purchase

Sapphire Preferred rewards (5x points)

Sapphire Reserve rewards
(10x points)

PELOTON BIKE+
Starting at $2,495

12,475 Points

24,950 Points

PELOTON GUIDE
Starting at $295

1,475 Points

2,950 Points

PELOTON ROW
Starting at $3,195

15,975 Points

31,950 Points

Frequently Asked Questions

  • The bonus points offer only applies to purchases that include Peloton equipment and/or accessories totaling $250 or more. Gift cards, apparel, and monthly membership fees are not eligible. 

  • The bonus points offer has a maximum amount (50,000 points for Sapphire Reserve and J.P. Morgan Reserve accounts and 25,000 for Sapphire Preferred accounts) that may be earned per account, not per card member.

  • Yes, the official start date is February 1, 2023, and the offer will end on March 31, 2025.

AB

Ashlyn Brooks

Ashlyn Brooks is a financial writer and former civil engineer. She's on a mission to show others how to save and spend smarter through purposeful money habits. Her work has been featured on Investor.com, HerMoney.com, MoneyGeek and QuickBooks