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We’ve seen a lot of usable benefits be added to credit cards during 2020. These various added benefits have allowed cardholders to continue to get exceptional value out of premium credit cards and the annual fees we pay for them even though many of us aren’t traveling as much as normal this year.

The latest benefit from Chase adds statement credits to the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card that will cover monthly memberships for Peloton, the at-home fitness platform.

Chase Sapphire Peloton Benefits

  • Chase Sapphire Reserve® cardmembers are eligible for $120 in statement credits through 12/31/2021.
  • Chase Sapphire Preferred cardmembers are eligible for $60 in statement credits through 12/31/2021.

These statement credits cover the monthly Peloton Digital ($13) and All-Access Memberships ($39), and are valid through December 31, 2021.

If you’re already a Peloton Member, then you’re eligible for this promotion. You simply have to change your membership billing to use your Sapphire Reserve or Sapphire Preferred, and then the statement credits will be automatically applied for upcoming transactions until the full value of the statement credit benefit is utilized. 

One important thing for existing members to note, your Peloton Membership must be purchased through Peloton directly to be eligible. 

If you instead purchased your membership through a third-party, such as the Apply App Store, or Google Play App Store, you’re still eligible for the promotion, however you have to convert your membership to be directly managed by Peloton instead first. For instructions on how to do this, visit the steps here –

Peloton’s Hotel Finder Tool

In case you weren’t aware, Peloton makes it easy to find hotels in the US that offer Peloton equipment in their workout facilities. This way, you can take your fitness on the road with you, and keep all of your streaks alive on your Peloton.

Some, such as select Westin hotels, even offer guest rooms that include a Peloton bike directly in the room. This is a timely offering now in 2020 when some travelers may not want to utilize a hotel’s fitness facility with other people.

To find hotels offering Pelotons to their guest, utilize Peloton’s Hotel Finder tool, which is an interactive map showing which hotels around the U.S. have Pelotons. To further help customize your search, each hotel has information to specify how many bikes they have, as well as if they’re offered in their fitness center or also in-room.

What do you think of these new benefit offered from Chase on the Sapphire Reserve and Sapphire Preferred?

Sound off in the comments below!