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. Peloton all-access membership went 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 to save on your Peloton subscription fees as well as Peloton equipment. 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.
Hilton Honors discount
Through January 1, 2023, Hilton Honors members can get a discount on Peloton equipment. This includes a free, 90-day app membership.
In addition, Hilton Honors can get $100 off a Peloton original Bike or a Bike + and $100 off the Tread. Also, they’re eligible for $25 off on the Peloton Guide. This is all part of the recently announced partnership with Peloton and Hilton Hotels.
Hilton Hotel Brands
In Fall 2022 Hilton hotels announced that they were putting Peloton bikes in every U.S. Hilton hotel by year’s end. That’s great news for Peloton users.
However, not all Hilton hotels have Hilton in the name, though many do. Therefore, if you’re looking for a Peloton Hilton hotel, you should know all of the brands in the Hilton family. You’ll find them in alphabetical order here.
- Canopy by Hilton
- Conrad Hotels
- Curio Collection by Hilton
- DoubleTree by Hilton
- Embassy Suites by Hilton
- Hampton by Hilton
- Hilton Garden Inn
- Hilton Hotels & Resorts
- Home 2 Suites by Hilton
- Homewood Suites by Hilton
- LXR Hotels & Resorts
- Motto by Hilton
- Signia by Hilton
- Tapestry Collection by Hilton
- Tempo by Hilton
- Tru by Hilton
Peloton Guest Pass free
60 90-Day Membership
This Peloton free trial is called Guest Pass. It’s a way for you to share a
60 90-day free trial of a 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. Hopefully, Peloton will update this in the future.
Cash back credit card deal for Australian Peloton users
Peloton Australia just announced a cash back opportunity for Peloton users in Australia with a Commonwealth Bank of Australia Mastercard credit card.
“[Through] October 16, 2022, Commonwealth Bank of Australia (CBA) is running an offer where eligible CBA cardholders can receive $350 cashback on select Peloton purchases.
Eligible Members with a CBA-linked Mastercard who spend at least $2,000 with Peloton in a single transaction online at onepeloton.com.au or in-store can receive $350 cashback. The offer will be available directly through the CBA App and online banking portal.
Eligible CBA cardholders will need to enroll in this offer prior to making their purchase by opening their CBA App and going to the “For You” selection. Select “Rewards,” and then “Activate” the offer by pressing the link in the Peloton offer.
After the cardholder has made their purchase from Peloton, CBA will then facilitate cashback to the cardholder’s bill within 14 business days.”
Newest Peloton Chase Sapphire deal
Unfortunately, the Chase Sapphire deal for Peloton expired on June 30, 2022. If Peloton ever announces another credit card partnership that would let you save on your Peloton subscription, I’ll be sure to update this article and share those details.
Now, Chase Sapphire cardholders get an additional Peloton benefit. This is especially good news if you’re in the market for a 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.
As I mentioned earlier, you can check out the Chase Sapphire Card offer via CreditKarma.com. Credit Karma is the free site that I use to keep track of my credit score and get great offers on new credit cards.
Peloton membership discount through health insurance
This savings on a Peloton subscription is 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 the human resources department. This could be at your employer or your spouse’s employer’s.
Or, check to see if health clubs or fitness center memberships can be reimbursed through your healthcare plan. At some workplaces, Peloton qualifies for this reimbursement.
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.
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.”
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.
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:
- Behavioral Health & Social Service
- Dental Provider
- Dietary & Nutritional Service Provider
- Emergency Medical Service Provider
- Eye, and Vision Services
- Nursing Services
- Respiratory Service Providers
- Developmental Service Providers
- Rehabilitative Service Providers
- Restorative Service Providers
- Speech, Language and Hearing Technologists & Technicians
- Physician Assistants
- Clerical and Administrative Support
- Veterinary Assistants
It’s important to note that this discount is for the Peloton app only, not on the hardware. In other words, this discount is not for the Peloton all access membership, on the app membership. 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 discounts on the Peloton app membership for other professions, too.
Military Peloton membership discount
One, there is a Peloton military membership discount. This military discount is for:
- Active Duty
- Immediate Family
Peloton First responder membership discount
Two, there is a Peloton first responder membership discount. This includes:
- 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 people working in schools. 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.
Finally, remind people who you share this code with that they’ll need to enter it in the space that says coupon code at checkout. This happens before they choose shipping. So, don’t forget.
How to cancel Peloton subscription
In this article on how I used the Peloton return policy, I’d explained how to cancel a Peloton subscription. I’ve reprinted those instructions here.
You would think that you have to reach out to Peloton to cancel your membership. You would be wrong. In fact, you cancel based on how you signed up for and use your Peloton subscription.
Cancel Peloton based on how you subscribed
For example, if you subscribe through your iPad or iPhone, then you purchased the Peloton app through the Apple Store. It’s there that you need to go to cancel your subscription.
It’s the same if you have an Android device and get your Peloton app subscription that way. You’ll need to go to the Google Play Store to cancel the subscription.
To cancel your Peloton membership via the web, you’ll go to the Peloton website, click over to My Membership and then scroll down to Cancel Membership.
Cancel Peloton membership on Roku TV
Finally, if you use your Roku TV to access Peloton, you can cancel there, too. Go to the Peloton channel, log into your profile, then use the remote to go to the gear icon on the left side of the screen for settings. From there toggle to Manage Subscription then Cancel Subscription.
Keep in mind that if you’re a secondary user of the membership, you cannot cancel the subscription. It’s Peloton’s policy that only the primary subscriber has access to the Cancel Subscription area.
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.
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.