My Search for the Best Credit Card for Peloton Bike Rental Monthly Subscriptions

Good morning everyone.  A few months ago, I decided to get a Peloton Bike Rental and *try* to get in better shape for 2023.  The total monthly cost of the bike rental and all-access membership is $96.56 and this Mashable article explains more about the pros and cons of the rental program along with the cancellation period and buyout options.  If you are considering buying a Peloton bike, you might be better off with the rent to own model.  Anyway, let’s focus on which credit card is best for Peloton bike rental monthly subscriptions.

The first credit cards I looked into were the Chase Sapphire Reserve Credit Card and Chase Sapphire Preferred Credit CardChase has an official partnership with Peloton, but only purchases that are $250+ earn bonus points.  My $96.56 monthly subscriptions would not earn bonus points.

With the Chase credit cards off the table, I looked into other credit cards to cover the $96.56 monthly subscription.

I first looked into the US Bank Cash+ Credit Card that offers 5% cash back at Gyms / Fitness Centers.  Even though Peloton was not listed on the list of sample merchants, I decided to give it a chance since I saw Equinox and SoulCycle on the list.

Unfortunately, my $96.56 Peloton monthly subscription only earned 1% cash back.  My $6.99 Discovery+ subscription earned 5% cash back.

I then decided to check out the Citi Custom Cash Credit Card that has a Fitness Clubs 5% cash back category.  The terms do state that “fees associated with virtual services for home exercise equipment… or fitness streaming classes” are excluded.  I wasn’t too confident, but gave it a chance.

Unfortunately, my $96.56 Peloton monthly subscription only earned 1% cash back.

I don’t really have any other credit card options to try, so I am wondering if anyone has any successful data points on which credit cards earn bonus points with Peloton.  If you have any questions about the Peloton bike rental or the credit cards mentioned above, please leave a comment below.  Have a great day everyone.

10 thoughts on “My Search for the Best Credit Card for Peloton Bike Rental Monthly Subscriptions

      1. geoff

        Given their precarious financial position these days I’m sure they’d be happy to get some extra cash now instead of later. Also, a prepay would, in theory, make the member a “stickier” user. All subscription services love that:)

  1. khatl

    With an Amex Plat (assuming you already can cover the fee with other benefits) you can get a SoulCycle for $1,200 and only pay $15 a month for access (as you get a $300 annual credit). Within 13 months, you’re ahead with the SoulCycle v Peloton.

  2. Nick

    Use a Chase Ink Business Cash to get 5x @ office supply stores and buy Visa/MC gift cards to use for the subscription. The only downside is the max value of the cards is $200 so you would have to change the card being billed every other month.


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