Peloton has a great referral program, although it has some limitations that I'll get into in a bit. But the main thing to know is this. You can earn $100 in referral bonuses for referring friends to Peloton. If they buy a Bike or a Tread with your Peloton referral code, you can earn up to $1200 a year and spend it on Peloton merchandise. This includes fitness products like shoes, weights, mats and workout apparel on Peloton's site. And your friend will also get $100 to spend.
How to Find Peloton Referral Code
Don't Let Your Friends Buy Without A Peloton Referral
Your friends have a great incentive to use your referral code. They get $100 with their purchase of a Peloton Bike or Tread to spend on merchandise. Most folks use this on Peloton cycling shoes. It would be crazy to make this purchase without taking advantage of this offer. Here's my receipt for my Peloton Bike order with the $100 credit used towards my shoes.
Limitations of the Program
It makes no sense to me, but Peloton limits the number of friends you can give your referral code to to 12 per year. That means that you can't earn more than $1,200 per year on Peloton referral bonuses. For most this will be more than enough, but for some this limitation could be frustrating.
Also, as I eluded to earlier, the $100 credit earned by your friends cannot be spent on the purchase of the actual Peloton Bike or Tread fitness equipment. It can only be used to buy accessories or apparel on their website. This usually ends up being fine, as most new owners will want to buy Peloton's cycling shoes which cost $125.
The Peloton referral program is a great way to incentivize your friends to take the plunge and become Peloton owners while letting you earn a nice bonus to spend on some great Peloton brand products. If you don't know anyone who is a Peloton owner and are having trouble finding a code, feel free to use mine. Good luck!