How to Save on Peloton Membership

Who wouldn’t want to save on a Peloton membership? I mean, I like saving money as much as the next person, don’t you?

Now with the monthly all-access membership costing more and the app having tiered pricing, you have even more of a reason to look for Peloton membership discounts. Hopefully, this article can help.

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How do you save on Peloton membership?

I’ve found a number of legit ways to save on your Peloton subscription fees as well as Peloton equipment. Let me explain.

Peloton membership discounts by profession

At first only healthcare workers could get a Peloton membership discount.

However, now Peloton has expanded that discount–on Peloton equipment accessories package or an app-only membership–to many more professions.

Military Peloton membership discount

One, there is a Peloton military membership discount.

This military discount is for:

  • Active Duty
  • Reserve
  • Veteran
  • Retiree
  • Immediate Family

Peloton First responder membership discount

Two, there is a Peloton first responder 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).

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.

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.

This support page on the Peloton website explains how to get the discounted app membership.

Finally, if you’re interested in the discount on accessories when you buy a Peloton Bike, Bike+ or Tread, visit this Peloton support page for details.

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. From time to time, Peloton may up this discount to $200 per person.

Either way, if you earn apparel credits for referring new members, then you can spend these credits on the Peloton apparel boutique, including on the new Peloton and Lululemon clothing.

Unfortunately, this doesn’t work on the Peloton apparel boutique on Amazon.

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 or the Row or the Peloton Guide.

It’s on the Peloton website only.

Where do I find my Peloton referral code

Previously, you would find your Peloton referral code under your profile on the Peloton website.

However, now Peloton has changed how that works.

Instead, these are the steps you’ll take.

  1. Log into the Peloton website.
  2. Look for your username and profile pic on the top of the page.
  3. Next to your username and profile pic are three dots.
  4. Click on them.
  5. Scroll down to where it says “Refer Friends” and click on that.

Now you’re on the referrals page.

On the top is a “slider” that lets you move between sharing a referral for an app free trial and sharing your exclusive code to save on Peloton accessories.

Click on the slider to get it to move from one side or another.

This will give you access to the link you want to share.

How do I share my Peloton referral code with someone

It’s easy.

As I mentioned above, once you get to the “Refer Friends” page, there will be a link you can share with people.

Newest Peloton Chase Sapphire deal

Great news: Peloton has renewed the Chase Sapphire partnership to help you save money on Peloton equipment, not a membership.

It will go through 2025.


Here are the details from Peloton:

“Between February 1st, 2023 and March 31st, 2025, Chase Sapphire® Reserve card members will receive 10x total points on purchases over $250 and Chase Sapphire® Preferred card members will receive 5x total points on purchases over $250.

Eligible purchases include the Peloton Bike, Bike+, Tread, Row, Guide and/or any Accessories; provided that such purchases total over $250, with a maximum earn 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 with a Chase Sapphire® credit card at the time of checkout.”

Peloton Support Page

More Peloton credit card deals here.

How not to save on a Peloton membership

Lately, I’ve seen people in the Peloton Facebook groups talking about hacks to save money on a Peloton membership.

They would rather not pay $44 a month for the all-access membership (which is a bit of a misnomer, since members do not have access to all Peloton content, such as the Row, but more about that another time).

However, they still want to ride their bike or use their Tread.

So, people have wondered if they could cancel their $44 a month membership and just pay for the app membership. And then still use their hardware. Unfortunately, that’s not how things work.

Here are steps to cancel a Peloton subscription.

To log into a bike or Row or Tread that you own, you have to pay for that all-access membership.

The only way you can get away with using an app membership on hardware is if you’re staying in a vacation rental with a Peloton, using a friend’s equipment, taking a Peloton class at a store or showroom or staying at a Peloton hotel.

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.

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  1. Hello Leah, I appreciate your information. I am getting a little tired of the $44 per month full access membership. Not sure if I am getting the value I would like. Have you had success trying to negotiate a lower rate via phone?
    Jim (please do not display my email-thanks)

    1. I’ve never even tried to ask them for a discount. And, frankly, I doubt they’d give it. If you’re not using the hardware, why not sell and just pay for the app?

  2. I have been trying for the last couple hours to cancel my all access membership and the instructions do not work…there is absolutely no access to cancel. I do not want the membership to start up again. Please help me!!

    1. Have you called them? Have you chatted with customer service? If you can’t do it yourself on line, then call Peloton. However, if you subscribed via your Roku TV or Apple, you’ll need to cancel on those platforms.

  3. I am a senior, a first responder, a college proressor, a son of a Peloton full user. What kind of discount can I receive for a full Access Peloton Membership? Larry Segall.

  4. Note: the discover card is not 75$ off, its “earn 5% Cashback Bonus at Grocery Stores and Fitness Club & Gym Memberships”, meaning you will need to spend $1500 on gym memberships to get the full $75.