Peloton Credits with the Chase Sapphire Preferred and Reserve Cards

It was just announced that the Chase Sapphire Preferred and Reserve credit cards will now come with a Peloton subscription credit.

Chase Sapphire Preferred

The Sapphire Preferred will provide cardmembers $60 in statement credits for the Peloton Digital or All-Access memberships through December 2021.

Chase Sapphire Reserve

The Sapphire Reserve will provide cardmembers $120 in statement credit for the Peloton Digital or All-Access memberships through December 2021.

If you’re a Sapphire cardmember and have a membership activated by Peloton, you will receive statement credits until you reach the full value offered by your card.

You can read the full announcement by Peloton here.

While this savings offer won’t appeal to everyone, it’s nice to (continue) to see credit card issuers providing value to their higher-end travel rewards cards during a time of limited travel.

And if you’re a Peloton subscriber and a Chase Sapphire cardholder, this will cover some/all of your monthly subscriber fees.

Not a bad deal.