Chase Sapphire cards add Peloton statement credit ($60/$120)

Today, Chase announced a new partnership with Peloton to offer statement credits for their Sapphire line of cards.  Peloton is one of the most popular home spin bike programs, and its business moto has been significantly boosted due to the COVID-19 pandemic as even avid gym rats continue exercising at home.  Peloton sells spin bikes and treadmills along with a monthly streaming subscription service that is loaded with daily live and on-demand workouts.  Through December 31, 2021, the Chase Sapphire cards will receive the following credits for Peloton's streaming services:
  • $60 in statement credits for the Chase Sapphire Preferred
  • $120 in statement credits for the Chase Sapphire Reserve

Peloton Digital and All-Access memberships

Peloton has two tiers of video-based subscription based services that the Sapphire statement credits can be applied to:
  • Peloton Digital memberships ordinarily cost $12.99 per month, and get you access to Peloton’s full content library through the Peloton app without having to own a bike or tread
  • Peloton All-Access memberships ordinarily cost $39 per month, and get you access to Peloton’s full content library through the Peloton bike or tread, or the Peloton app
Peloton's All-Access membership must be streamed from your Peloton bike or treadmill

So the Reserve would get you just over 9 free months of Digital membership and 3 free months of All-Access membership.  And the Sapphire would get you just over 4 1/2 months of free Digital membership and 1 1/2 months of free All-Access membership.  Digital membership also comes with a 30-day free trial, so you'll get your first month free as well for the Digital membership only.

Which membership should you get?

If you own a Peloton bike or treadmill, which come with built-in screen displays, then the All-Access membership is required in order to get real-time metrics including cadence, resistance, distance, output, and heart rate.  With these metrics, you can also view your in-class performance, participate on the Leaderboard, and track your progress over time.  You'll also be able to interact with friends on the Peloton Bike: join classes together in real-time, and even high five each other on the Leaderboard.

Peloton's $12.99 Digital membership allows you to do home exercises with no or you own equipment

The cheaper Digital membership doesn't require any equipment, although you could still stream the classes from your laptop or mobile device while running on your own treadmill or spin bike, though your own equipment would be responsible for producing the metrics.  Both memberships will get you all of Peloton's daily live and 10,000+ on-demand workout classes, including indoor cycling, running, walking, bootcamp, floor (formally known as Beyond the Ride), and outdoor (audio-only) classes.

How do I activate my Peloton membership?

Sapphire card members can enroll in this promo by going to this link and signing up.  Note that you won't be able to activate All-Access membership unless you currently own a Peloton bike or treadmill.  If you're an existing Peloton subscriber, simply change your default form of payment to your Sapphire card and the credits will start appearing after your next payment date.

Why sign-up and exercise?

If you haven't been following the medical science or your doctor's recommendations (shame on you!!), exercise may do the following for you, and this isn't even a comprehensive list:
  • Lower risk of heart disease, stroke, type 2 diabetes, high blood pressure, dementia and Alzheimer’s, several types of cancer, and some complications of pregnancy
  • Better sleep, including improvements in insomnia and obstructive sleep apnea
  • Improved cognition, including memory, attention and processing speed
  • Less weight gain, obesity and related chronic health conditions
  • Better bone health and balance, with less risk of injury from falls
  • Fewer symptoms of depression and anxiety
  • Better quality of life and sense of overall well-being

So if your running shoes and active clothing and active clothing have been collecting dust over the months or even years (shame on you!!), then now is the perfect time to get yourself back into shape with these $60 or $120 in free workout streaming services.  The American Cancer Society even recently doubled the CDC's guidelines for weekly exercise to prevent cancer, recommending 150 to 300 minutes of moderate intensity or 75 to 150 minutes of vigorous intensity activity each week (or a combination of these):
  • Moderate activity is anything that makes you breath as hard as you do during a brisk walk. During moderate activities, you'll notice a slight increase in heart rate and breathing, but you may not break a sweat.
  • Vigorous activities are performed at a higher intensity and generally use large muscle groups. They cause a noticeable increase in heart rate, faster breathing, and sweating.
Hate running?  Try high intensity interval training with battle ropes

Bottom line

It's great to see Chase partner with Peloton to offer statement credits for workout subscriptions.  Now, more than ever, being active is essential for your health during this pandemic that has forced many of us to work from home and shut down gyms.  Taking advantage of these statement credits is a no-brainer, especially if you're looking to get back into your exercise routine or even if your a gym rat who wants to check out something new.  You can cancel your membership at any time, so there's no risk in getting these free statement credits.

From all of us at Flying for Fitness, please stay healthy during this trying time.  We hope you enjoyed this post.  Please consider visiting one of our sponsors by clicking on the advertisements.  Our sponsors pay us for customer visits and help us to keep the lights on.  Thanks!


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