Peloton has swept the nation as a popular exercise platform, but sometimes, for one reason or another, you may need to cancel your membership. Whether you’re moving, need to cut expenses, or simply decided the platform isn’t for you, Peloton recognizes that people’s situations can change and have made it possible to cancel at any time. In this article, we’ll guide you through how to cancel your Peloton membership, offer tips and tricks for making the process as stress-free as possible, and explore the different facets of Peloton membership cancellation so you can make an informed decision.
Step-by-Step Guide: How to Cancel Your Peloton Membership
If you’re looking to cancel your Peloton membership but aren’t sure where to start, don’t worry, we’ve got you covered! Here’s a step-by-step guide to help you through the process:
Log into the Peloton app or website with your account information.
From your account page, click on the “Membership” tab.
Under “Plan Details”, click the option to “Change Plan”.
Next, click the link to “End Membership.”
Peloton will then ask for confirmation that you would like to end the membership. Review the information and click “End Membership Again” to finalize the cancellation.
Peloton Membership Cancellation 101: Everything You Need to Know
Now that we’ve covered the basics with our step-by-step guide, let’s dive a little deeper into Peloton membership cancellation.
Types of Memberships
Peloton offers a few different membership options that can impact your cancellation process. Currently, the platform offers an “All-Access” membership which grants you access to both the bike and the digital content, a “Digital” membership which provides access to only the digital platform, and a “Bike” membership which only grants access to bike content.
When you cancel your membership, make sure to cancel the specific membership you’re currently subscribed to. If you cancel your “All-Access” membership but still have an active “Digital” membership, you’ll still be charged for the latter.
Peloton allows you to cancel at any time, but if you’re not careful, you may still end up paying fees. If you decide to cancel before your billing cycle ends, Peloton won’t refund the unused portion of your membership. This means that if you’re billed on the 1st of the month, and cancel on the 15th, you won’t get a refund for those unused 15 days.
If you have a Peloton Bike, you may also be required to pay for returns and/or restocking fees.
Reasons to Cancel
People have a variety of reasons for canceling their Peloton membership. Sometimes it’s purely financial, while other times dissatisfaction with the service or lack of use are the catalysts for cancellation.
It’s important to remember that Peloton isn’t for everyone, and that’s okay! Don’t feel pressured to continue your subscription just because you see others raving about it on social media.
Breaking Up with Peloton: Cancelling Your Membership with Ease
Now that you have a good idea of what to expect when cancelling your Peloton membership let’s make the process as smooth and easy as possible. Here are a few tips to keep in mind:
Cancel Early in Your Billing Cycle
Since you won’t get refunded for any unused portion of your billing cycle, it’s best to cancel early. That way, you’ll have fully utilized what you paid for and won’t get charged for the next cycle.
Be Prepared to Wait on Hold
If you need to reach out to Peloton’s customer service to cancel, be prepared to wait in line. Peloton often has high call volumes and wait times can be long, so be patient and have any necessary information ready (e.g., your account information, the membership you wish to cancel).
Seek Alternative Assistance
If waiting on hold isn’t your thing, there are alternative methods of reaching Peloton. The company offers an online chat function as well as email support. While the response time may be slower than a phone call, it’s still an option to consider.
Why and How to Cancel Your Peloton Membership: A Comprehensive Guide
Now that we’ve covered the basics, let’s take a step back and review the overall pros and cons of Peloton membership and the reasons why someone may choose to cancel.
Pros of Peloton Membership
- Access to a wide variety of live and on-demand workout classes.
- The convenience of doing classes from home, avoiding sweaty gym equipment and crowded spaces.
- Personalized metrics and progress tracking
Cons of Peloton Membership
- The price: at $39 per month for the “All-Access” membership, Peloton isn’t cheap.
- The equipment can be expensive. The Peloton bike retails for a base price of $1,895, making it a significant investment.
- The digital content may not be suitable for everyone
The Ultimate Peloton Membership Cancellation Guide: Tips and Tricks for Smooth Cancellation
Surviving Your Last Billing Cycle
To make the most of your last billing cycle, really maximize your access to everything. Take advantage of all of the classes and workouts that Peloton offers, and get your fill!
Avoid Delayed Cancellation
Make sure that the cancelation is completed well before your next billing cycle is up. You don’t want to be charged for another cycle when you’re not intending to use it.
Don’t Forget Confirmation
Once the cancellation is officially processed, make sure to get a confirmation email or message. You should always double-check that everything is in order to avoid any confusion or billing surprises later on.
Cancelling a Peloton membership can seem daunting, but it doesn’t have to be. With our step-by-step guide and comprehensive overview, you should be able to cancel with ease and confidence. Remember to have everything ready, choose the best communication method, and always confirm your cancellation.
If you’re still unsure if Peloton is right for you, remember to weigh the pros and cons, and make the best decision for your health and your wallet.