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.
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.