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[Updated 2021.4] Chase has now also added extra rewards on Peloton purchases: 10x on CSR and 5x on CSP. It’s unclear whether the Membership fee might also count, which could mean free points.

Chase Sapphire cards are offering free Peloton app credit: $60 (CSP) / $120 (CSR). This offer runs through December 31, 2021. You can sign up for the $12.99 Digital membership, and then Chase will reimburse the membership fee. Each card can be reimbursed up to $120 or $60. If you don’t need the membership later, just cancel it in advance. In theory, you should be able to use multiple cards and make it completely free.