The Chase Sapphire Reserve card quietly delivers substantial value beyond its well-known travel perks. It’s not just about points and miles; it’s about tangible, recurring savings woven into your everyday life. Many cardholders are unaware of the full extent of these benefits, potentially leaving money on the table.
One of the most accessible perks is a credit towards Peloton membership. Up to $120 annually – a consistent $10 each month – is available, and surprisingly, you don’t even need to own Peloton equipment to take advantage. The credit applies to the Peloton App One membership, unlocking a world of at-home and on-the-go fitness classes.
For those already invested in the Peloton ecosystem, this is a straightforward monthly discount on any membership tier. Memberships range in price, but the $10 credit consistently lowers your overall cost. Furthermore, the card offers an opportunity to accelerate rewards on Peloton purchases.
Spending $150 or more on Peloton equipment or accessories earns you 10 points per dollar, up to a maximum of 50,000 points. This is a significant boost for anyone planning to upgrade their home gym or stock up on essential gear. The earning window is limited, making timely purchases even more advantageous.
Beyond fitness, the card provides a consistent $10 monthly Lyft credit, totaling $120 per year. This is a simple, direct reduction in your transportation expenses. The credit is automatically applied to your Lyft account at the beginning of each month.
Using the Lyft credit is remarkably easy: simply book a ride through the app. Unused credit doesn’t roll over, so regular riders will maximize this benefit. Adding another layer of value, the card earns 5 points per dollar on all Lyft rides.
Savvy users can amplify these rewards further by linking their Lyft account to loyalty programs like Alaska Airlines Mileage Plan or Hilton Honors. This “double-dip” strategy allows you to accumulate points in multiple programs simultaneously, maximizing your return on every ride.
For high spenders, the Sapphire Reserve unlocks even more substantial credits. Reaching $75,000 in annual spending triggers a $250 credit at Shops at Chase and a $500 Southwest Airlines credit.
Shops at Chase is an online portal offering a curated selection of products from brands like Dyson and Tumi, with the option to redeem points for purchases. While these credits aren’t essential for everyone, they represent a significant bonus for those who naturally meet the spending threshold.
Collectively, these statement credits can exceed $2,000 in annual value. Even utilizing just a portion of these benefits can easily offset the card’s annual fee and deliver substantial savings. Combined with its premium travel perks and protections, the Chase Sapphire Reserve remains a compelling financial tool.
