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Costco: the land of bulk bargains and the occasional impulse buy that leaves you questioning your life choices. Need a 10-pound tub of peanut butter? Costco has you covered. A 64-pack of toothbrushes? Sure, why not? But as for my top strategy for saving money at Costco, I’d avoid certain high-ticket items, like the Peloton Bike+. Here’s why.

Buying through Costco vs. direct

At first glance, snagging the Peloton Bike+ at Costco for $2,199 seems like a steal. This package includes a 23.8″ Full HD rotating touchscreen, auto resistance, a compact 4′ x 2′ footprint, and a 48-month protection plan. Sounds like a dream deal, right? But hold on to your handlebars — there’s more to this story.

If you head straight to Peloton’s website, you’ll find the Bike+ Starter Package priced at $1,995. Not only is this $204 less than Costco’s offering, but it also comes with a bundle of goodies to enhance your cycling experience:

• Cycling shoes: These shoes are designed to provide support and come with Delta-compatible cleats required by the Bike & Bike+ pedals. If you fall between sizes or have a wider foot, Peloton recommends sizing up.
• Bike mat: A protective and durable mat that fits under your Bike to improve stability, reduce noise, and protect your floors from the inevitable sweat puddles.
• Light weights (one set): These non-slip, cast-iron weights, ranging from 1lb to 3lbs pounds, are perfect for toning during cycling, barre, and cardio classes.
• Peloton x Camelbak water bottle: Stay hydrated with this easy-squeeze, non-drip design bottle. It’s BPA free and features TruTaste™ technology to ensure your water tastes like water.

Let’s do some quick math. By purchasing directly from Peloton, you save $204 upfront. Plus, you receive accessories that would cost you extra if bought separately. Cycling shoes alone can set you back around $125, and a quality bike mat can cost $60 or more, not to mention the weights and water bottle, which add additional value.

Consider the warranty

Costco’s package includes a 48-month protection plan, which is impressive. However, Peloton offers its own extended warranty options. You can purchase a 48-month extended warranty for $249, bringing your total coverage to 60 months when combined with the standard 12-month warranty.

Even with this addition, your total cost is $2,244 — just $45 more than Costco’s price, but with all the extra accessories included.

You still need a membership

Regardless of where you purchase, the Peloton All-Access Membership is sold separately at $44 per month. This membership grants you access to live and on-demand classes, performance tracking, and the ability to create profiles for everyone in your household.

While Costco is a haven for bulk bargains, if you want a Peloton Bike+, buying directly from Peloton offers more bang for your buck. You get a lower price, essential accessories, professional assembly, and flexible warranty options.

So, before you toss that Peloton box onto your Costco cart, consider whether the convenience and added value of purchasing directly from Peloton might be the better ride for you.

The best credit cards for Costco (and everything else!)

If you’re after a card that delivers big rewards wherever you shop, including Costco, click here for a list of the top picks for all your Costco spending. There are some top picks offering welcome bonuses and excellent cash back bonus categories to maximize your dollars spent.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

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