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?

I realize that the monthly Peloton membership fee itself isn’t nearly as expensive as the equipment itself. But saving $39, if you own a bike or Tread, or $13 if you are an app user, never hurt. I’ll add that saving the second $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 two three legit ways. Let me explain.

Peloton membership discount through Chase credit card

Chase and Peloton announced that they have extended their partnership to the benefit of Peloton users. In fact, now there are two ways you can save on your Peloton membership and the purchase of a new Peloton.

Back story: in 2020 Peloton and Chase announced a promotion for Sapphire card holders. That is, you could get a credit card statement credit if you charged your monthly One Peloton membership on your Chase Sapphire card. This was true with the Chase Sapphire Preferred as well as the Chase Sapphire Reserve credit cards.

Peloton’s support page has the details:

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

Chase Sapphire Reserve and J.P. Morgan Reserve customers will receive up to $120 in statement credits on eligible Peloton Memberships through December 31, 2021. Chase Sapphire Preferred customers will receive up to $60 in statement credits on eligible Peloton Memberships through December 31, 2021.”

Did you know you can apply for the Chase Sapphire credit card through the free website Credit Karma? Click this link to sign up for free at Credit Karma.

Qualifying Peloton memberships for the discount

There are only two kinds of Peloton memberships. One, the Peloton All-Access Membership, which you’re required to have when you buy a Bike or Tread.

Two, the Peloton digital membership, which works through the app, a Roku TV or the onepeloton.com website. You do not have to use Peloton hardware equipment for this latter membership.

Both of these memberships would qualify for the Peloton Chase promotion, which essentially rebates up to $60 in membership costs each year. However, there’s a catch: if you purchased your Peloton app or digital membership through a third-party website, such as the Apple App Store or the Google Play store, it won’t work.

Update payment method for your Peloton membership

Here’s the good news: on that same support page I mentioned above, Peloton offers a workaround to get you the discount. That is, you’ll need to go into the third-party provider you got your digital membership through and cancel it. Then you’ll need to go to the Peloton website and update payment to the Chase Sapphire card.

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 piece of Peloton equipment or 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 March 31, 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. 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. This way I can save on my monthly membership fees.

As a reminder that membership statement credit is good through the end of this year. I wouldn’t mind getting $60 back on my monthly Peloton membership through this Chase Sapphire promotion.

peloton bike plus alternatives

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 paper work. 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).

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.

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.

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