(Update: Extended) Remember To Cancel Peloton Subscription If Using Sapphire Reserve/Preferred Credits

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Update 1/5/22: These Chase Sapphire Reserve/Preferred credits for Peloton memberships were due to expire on December 31, 2021. However, reader Serena reported that she received a credit for a payment on January 2, 2022, while reader flybyFIRE discovered updated terms stating that the promotion has been extended through June 30, 2022.

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Towards the end of October 2020, Chase added a temporary Peloton benefit for Sapphire Reserve and Sapphire Preferred cardholders.

That benefit gave Sapphire Reserve cardholders up to $120 in credits towards digital or all-access memberships, while Sapphire Preferred cardholders received up to $60 in credits towards those same memberships.

Those credits ended on December 31, 2021, so if you’re still subscribed to one of those memberships and don’t want to pay for it out of your own pocket, don’t forget to cancel that ASAP before you’re billed again this month. We included this in last week’s Last Chance Deals, but with more than 60 other deals expiring last week due to it being the end of the year, it would’ve been easy to overlook this particular credit coming to an end which is why we wanted to publish a separate reminder about it ending.

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flybyFIRE

I thought this was set to end in March 2022?

flybyFIRE

I’m really confused on this, as I’m seeing the same as you on the landing page, but I swear I read March when I looked into it yesterday. And now when I’m googling it, I see this random blog (https://www.pelobuddy.com/peloton-x-chase-partnership-extended-june-2022/) saying it’s extended until June. Who knows what their source is though. I guess I’ll find out when it posts to my account this month.

flybyFIRE

Looks like it is extended until June, just found the new terms:
https://support.onepeloton.com/hc/en-us/articles/360048867251-Chase-Peloton-Statement-Credit-Offer

Serena

I had an All Access membership $39 charge post on 1/2 and I received credit for it on my CSR!

Paul B

Any chance CSR brings back the $120 credit? If not, it may be time to downgrade my CSR card, especially after the CSR was increased to $550 a year.