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

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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.

a woman on a stationary bike

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.

a screenshot of a credit card

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

a screenshot of a credit card

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.

a screenshot of a bank account

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

a screenshot of a bank statement

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.

a close up of a text

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

a screenshot of a receipt

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.

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15 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.

  3. Mimi

    Bank of America’s Customized Cash Rewards credit card has an Online Shopping 3% cash back category. Peloton subscriptions are included, with virtually anything else you shop online.

    If you become a Preferred Rewards member with them, e.g. by moving investment accounts to Merril, you can get another 75% bump to your 3% cash back, for a 5.75% total.

    1. Grant Post author

      Hi Mimi, thank you for sharing that tip on the Bank of America Customized Cash Rewards Credit Card and Online Shopping category. I no longer have that credit card, but I have the business version, but that does not have the Online Shopping category. What I’ve done lately is buy $200 VGC or $200 MCGCs when they are on sale at Staples and Office Depot, that gets me 2 months of service for each $200 GC and I earned 5x Chase Ultimate Rewards points for the purchases.

  4. Kia

    You can get 3% cash back if you use the American Express Blue Cash Everyday card. Peloton is in their 3% online retailer list.


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