How to Get a Peloton Membership Discount

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Who wouldn’t want a Peloton membership discount? I mean, I like saving money as much as the next person, don’t you?

Update: On June 1, 2022, the price of the U.S. all-access membership is going up to $44 per month, from $39 per month. So, there’s more of an incentive to find ways to save on a Peloton membership.

I realize that the monthly Peloton membership fee itself isn’t nearly as expensive as the equipment itself. But saving $44 $39, if you own a bike or Tread, or $13 if you are an app user, never hurts. I’ll add that saving the second $44 $39 for a membership, if you have two bikes and want to ride together, would be a nice savings, too.

So, how do you get a Peloton membership discount? I’ve found a number of legit ways. Let me explain.

New Peloton deals and special pricing for this year

Before I get into the legitimate ways you can, in essence, get a discount on a Peloton membership, I wanted to share these new deals that Peloton just announced.

Peloton Guest Pass free 60-Day Membership

One is called Guest Pass. It’s a way for you to share a 60-day free Peloton membership with friends and family. This is good for people who have never had a Peloton membership before. 

Unfortunately, this guest pass is not available for those with an Android phone or who hope to access Peloton through a Smart TV. 

Lower price on Bike Plus

Now you can get the Peloton Bike Plus for $500 less than before. Plus, you’ll get free delivery and setup. Use this link to buy a new Bike Plus at this better price.

Newest Peloton Chase Sapphire deal

Now, Chase Sapphire cardholders get an additional Peloton benefit. This is especially good news if you’re in the market for a new new original Peloton bike or Bike Plus or are looking to add an additional one to your household.

Here is the announcement from the One Peloton website:

“Peloton and Chase Sapphire have partnered to bring eligible Members a new benefit.

Starting March 30, 2021, Chase Sapphire Reserve and J.P. Morgan Reserve cardmembers will receive 10x total points on eligible Bike and Tread purchases through March 31, 2022.

Chase Sapphire Preferred cardmembers will receive 5x total points on eligible Bike and Tread purchases through June 30, 2022.

Eligible purchases include Peloton Bike products, Tread products, and accessory purchases over $1,800, with a maximum of 50,000 points total for Reserve and 25,000 points total for Preferred. Purchases must be made directly through Peloton and paid for in full at the time of checkout.”

How I could have saved money on a Peloton with Chase

Wish I’d had a heads up on this Peloton Sapphire deal. We purchased a new Peloton Bike Plus in February 2021. It was delivered in April 2021.

This article chronicles my Peloton Bike Plus delivery experience with XPO. TL;DR–it was 100% pleasant.

As I mentioned earlier, you can check out the Chase Sapphire Card offer via Credit Karma is the free site that I use to keep track of my credit score and get great offers on new credit cards. The Chase Sapphire card, with the Peloton membership benefits, is one of the cards listed on Credit Karma right now.

Chase sapphire reserve credit card.

Earning points for my credit card purchases

I would have loved to have had a Chase Sapphire credit card to earn five points per dollar I spent on the purchase of my new Bike Plus. That would have added up to lots of Chase Ultimate Rewards points that I could have traded in later for free gift cards.

I’m still seriously considering going through Credit Karma to apply for a Chase Sapphire credit card. Unfortunately, though, the deal from 2021–which gave you cash back on your Peloton membership–has now expired. If Peloton and Chase partner up again for this deal, I’ll let you know.

peloton bike plus alternatives

Chase membership credit extended

When I’d originally updated this blog post, it was because the Chase membership credit had expired. That is, if you charged your Peloton membership (all access or digital app) on your Chase Sapphire card, you would get a portion of it back in credits on your statement. However, I’ve just learned (thank you, Pelobuddy), that the deal has been extended. 

According to a FAQ support page on the Peloton website, the deal has been extended through June 30, 2022. But don’t leave this blog post just yet. There are way more ways to save on your Peloton membership. So, keep reading.

Peloton membership discount through health insurance

This additional “trick” for getting what amounts to a discount on your Peloton membership does not require you to have or use a credit card. It’s something that you can get through your employer or health insurance provider. Or your healthcare plan. Really.

Reach out to human resources

One, start by reaching out to your employer or your spouse’s employer’s human resources department. Or, if they have health insurance benefits online, check to see if health clubs or fitness center memberships can be reimbursed through your healthcare plan.

This is what I did with my husband’s employer, since that is how we get our health insurance. Unfortunately, they did not recognize Peloton as a legit health club membership so I was SOL. Planet Fitness and the YMCA would have qualified, but I like exercising at home! But, like I said, our healthcare insurance company did not recognize at-home fitness as being eligible. (Hey, Blue Cross Blue Shield, get with the times!)

Two, if it turns out that your Peloton membership does qualify for a discount or reimbursement, find out what you need to do to get that money back. It may be like filing an out-of-network health insurance claim.

You may have to download, print out and mail in paperwork. Or you may be able to do it online. Chances are you’ll have to do this monthly to continue getting the membership discount benefits.

How employers might cover a Peloton membership

I learned about this option of getting reimbursed for a Peloton membership from the various Peloton Facebook groups I’m in. There are too many to list. 

Anyway, here are examples that people shared. This is how they were able to get a discount or full reimbursement from their health insurance company or their employer for using their Peloton.

Health insurance reimbursement

One woman was already getting money back from her health insurer, if she visited the gym more than 100 times in a year. When COVID hit, she went back to her health insurance company and asked if taking Peloton classes would count. They said it would, with proof. So she downloaded her workout history, submitted it and got 100% of her membership fees for the year back.

The blog post for Peloton beginners explains how to download your workout history.

United Healthcare Peloton offer

Another person learned that her health insurance provider–United Healthcare–offered $100 a year in fitness reimbursements. That included Peloton. So, while $100 only covers a few months of membership, it’s better than nothing.

However, just recently United Healthcare made a public announcement about covering the Peloton app for certain members. Here’s what the announcement said:

“Eligible UnitedHealthcare health plans* now include a 1-year Peloton Digital Membership with access to the Peloton App or a 4-month All-Access Membership waiver – at no additional cost.”

Here is my review of the Peloton digital app. 

Employer reimbursement

Still a third person works for a company where gym membership is a covered benefit. No questions asked. So he didn’t have to send anything to insurance to get money back. It happened all through his employer, which added the money back into his paycheck.

Once again, there is a Peloton support page that can help you figure out how to get reimbursed for your Peloton membership

Want more Peloton troubleshooting tips? This blog post can help.

Peloton healthcare discount

What is a Peloton healthcare discount? It’s a discount on membership for people who work in the healthcare industry. So it’s really a Peloton healthcare worker discount.

This includes a discount for people in the fields you might expect associated with healthcare, such as doctors, nurses, etc. However, Peloton also recently expanded this healthcare worker discount to include veterinarians and other medical techs.

From the Peloton support page, here is who qualifies in the medical field:

“Doctors, Nurses, Behavioral Health & Social Service, Chiropractor, Dental Provider, Dietary & Nutritional Service Provider, Emergency Medical Service Provider, Eye, and Vision Services, Nursing Services, Pharmacy, Podiatry, Respiratory, Developmental, Rehabilitative and Restorative Service Providers, Speech, Language and Hearing Technologists & Technicians, Physician Assistants, Clerical and Administrative support, Veterinarians and Veterinary Assistants”

It’s important to note that this discount is for the Peloton app only, not on the hardware. But maybe that will change in the future.

Other Peloton membership discounts by profession

Turns out that medical professionals and those working in the healthcare field aren’t the only ones eligible for this discount. There are other discounts for other professions, too. 

Military Peloton membership discount

One, there is a Peloton military membership discount. This is for Active Duty, Reserve, Veteran, Retiree and Immediate Family.

First responder Peloton membership discount

Two, there is a Peloton first responders membership discount. This includes EMT, EMS, Firefighter, Police/Law Enforcement.

Educator and Peloton teacher discount

Three, there is an education-related membership discount. This is for K-12 teachers. It also covers college professors (U.S. only).

What I’m not sure about, with this Peloton teacher discount, if it applies to all educators. For example, if you work in a school but you’re not a teacher, per se. So, do guidance counselors or social workers get the Peloton discount, too? I’ll have to check on that and get back to you.

Peloton student discount

The aforementioned education discount on a Peloton membership isn’t just for teachers. In fact, it is valid for college and university students, too.

Finally, this support page on the Peloton website explains how to get each of the discounts mentioned, above.

Peloton promo discount referral code

This isn’t a membership discount but rather your own discount code. You can share it with others who are buying a Peloton. 

They get $100 off an accessories package (not the bike or the Tread). In return, you get $100 in apparel credits. You can spend these credits on the Peloton apparel boutique.

How to find your shareable discount referral code

I covered the notion of your shareable discount code in my post about Peloton for beginners. But, I’m sharing tips, below, on how to find your referral code.

You’ll find your Peloton referral code under your profile on the Peloton website. Not the app. Nor is it on the bike or the Tread. It’s on the Peloton website only.

Look under your profile for the phrase “Refer Friends.” There you’ll find your unique code to share for others to save on their accessories purchase. Also, as I said, you’ll earn free Peloton clothing and swag from the boutique. 

Final thoughts on how to get a Peloton membership discount

I’m sure that as Peloton continues to grow in popularity, there will be more incentives and discounts on membership to be had. I wouldn’t be surprised if more healthcare companies or health insurance providers start covering usage or reimbursing members.

In addition, I’ll bet more employers are going to add this benefit. I mean, we keep hearing about all of these hiring shortages. I wonder if an incentive like free Peloton use would get people to apply for jobs.

Finally, if you hear about a way to get a discount on a Peloton membership that I haven’t covered here, please reach out and let me know.

1 thought on “How to Get a Peloton Membership Discount”

  1. Note: the discover card is not 75$ off, its “earn 5% Cashback Bonus at Grocery Stores and Fitness Club & Gym Memberships”, meaning you will need to spend $1500 on gym memberships to get the full $75.


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