Schwinn IC3 Indoor Cycling Bike Review

Schwinn IC3 indoor cycling bike

The Schwinn IC3 is a groundbreaking entry into the budget indoor cycling and spinning bikes market. The Schwinn IC3 indoor cycling bike also known as the Schwinn IC7 is the first to feature SPD pedals and a telemetry wireless chest strap connectivity computer in this price range. For spinning workout, the Schwinn IC3 computer tracks unique data. Schwinn IC3 indoor cycle was also the first indoor bike under $500 to accurately track the RPM.

With a slim profile, the Schwinn Fitness spin bike IC3 features a durable and professional construction similar to Peloton bikes. Except, it’s $1500 cheaper. Like another popular Schwinn spin bike, the Schwinn AC Sports bike, the Schwinn IC3 has more to offer than just an eye-catching sleek design and solid construction.

The racing-style seat and Urethane-dipped handlebars are fore/aft adjustable to provide comfort and minimize the impact. The four-grip position handlebars are great for utilizing different riding positions.

In terms of pedal stroke and smoothness, the IC3 Schwinn stationary bike is unbeatable for under 500. Schwinn IC3 indoor spin bike has a 40-pound perimeter-weighted steel flywheel. With this heavy perimeter weighted flywheel, you can be sure that you are enjoying a close to real pedal stroke during indoor cycling exercise.

But that’s just the beginning. This budget best indoor bike by Schwinn comes with a generous warranty and great height and weight capacity. Unlike other spin bikes in this price point, when buying IC3 Schwinn spin bike, you get 5 years on frame and 1-year warranty on all parts.

I understand you would like to know more before you buy the Schwinn IC3. Therefore, I went through the IC3’s features with more details down below.

Important Note:
Regularly, we search the market and this part is where we tell you if the Schwinn IC3 bike is the best value spin bike in its price class or not. Currently, Schwinn IC3 is one of the best spin bikes under $500.

However, if you can afford to spend $790, I highly recommend you to buy the Schwinn IC4. It is a new release with lots of great features and better ergonomics. IC4 has magnetic resistance (much better than friction), Zwift compatible Bluetooth computer with backlit, USB device charger, and dumbbells for the upper body exercise. Also, a $50 chest strap is included with IC4.

To help you easily navigate through our Schwinn IC3 indoor cycling bike review, we have created a table of content below:

Technical Information:


Schwinn-IC3 indoor cycling bike review
  • Height: 49″
  • Width: 23″
  • Length: 45″
  • Bike Weight: 100 Pounds
  • Max User Weight: 300 Pounds
  • Inseam Capacity: 29″ to 40″
  • Shipping Weight: 114 Pounds

The Schwinn IC3 indoor cycle has relatively compact dimensions. It’s lightweight and features a very slim profile, so you don’t need too much space for indoor spinning cardio exercise.

IC3 Schwinn exercise bike frame has double-coated corrosion resistance color to protect against humidity and excessive sweat. It can withstand 300 pounds user weight which is enough for most users. For easy transportation and storage after use, the IC3 indoor cycling bike also features two durable wheels.

Schwinn IC7 Monitor Features:

Schwinn IC3 Monitor
  • Wireless telemetry enabled monitor tracks the heart rate accurately.
  • Easy to track large monitor.
  • Monitor readouts include RPM, Time, Calories, Distance/Mile, Speed, and Heart Rate.
  • Runs with easy to find AA batteries. They are included.

IC3 exercise bike LCD monitor is truly generous. It’s equipped to monitor heart rate, RPM, and calories burnt, as well as other standard metrics such as time, distance, and calories.

It’s not backlit but it’s clear and the stats are displayed large. So, you can easily track your stationary exercise bike workouts as long as it’s not too dark.

The IC3 spin bike monitor runs with 2 AA batteries, which can last up to 1 year depending on how often you do the spinning workout. When buying IC3 Schwinn home spin bike, you will also receive the batteries.

Pedals and Q-Factor:

Schwinn IC3 Indoor bike Pedals
  • The Current Schwinn’s IC3’s Q-factor is not disclosed (Nautilus Support reports it is 9.5″ but we are not sure they measured it correctly).
  • Dual-sided SPD.
  • And toe cage pedals.
  • Note: One of our readers emailed us the q-factor for the IC3 (8″) which sounds more accurate than the 9.5″!

The IC3 Schwinn exercise bike Q-factor is not disclosed. But in a comment, the Nautilus Support said “the q-factor for IC3 is 9.5”. Unfortunately, we no longer have access to this bike to measure therefore, we can’t tell for sure what is the q-factor for the current Schwinn IC3 indoor cycle. However, if the 9.5″ is to be correct, it’s simply too wide for any rider. With that out of the way and considering other Schwinn spin bikes such as the AC Sport with 6.5″, I believe it’s less than 9.5″ (but that’s not certain). After all the brand is recognized for its well-thought ergonomic German engineering.

In case you are new to the indoor cycling world, the spin bike Q-factor is the distance between the two pedals. 5.”-6.7″ Q-factor is ideal because it allows your ankles to stay aligned with your knees and hips. Too much distance between the pedals keep your feet wide open and doesn’t let them stay aligned with your hips and knees.

Even though the Schwinn IC3 spin bike costs less than $500, it comes with Shimano compatible pedals. The Schwinn IC7 pedals have a toe cage side and a clip in the SPD side. So, you can use the bike with regular gym shoes or with specific spinning shoes. Note that usually, the SPD pedals are included with spin bikes above $1000.


Schwinn IC3 flywheel
  • Schwinn IC3 Flywheel weight: 40 Pounds
  • Flywheel type: Perimeter Weighted

If you have been reading our Schwinn IC7 review, you probably know the weight of the Schwinn IC3 flywheel already. But what you probably don’t know the type of the flywheel.

The Schwinn IC3 flywheel is perimeter weighted. Meaning the weight is around the desk. Therefore, the pedal stroke is extra smooth, yet, has high inertia. The perimeter weighted flywheel is often found in home spin bikes above $1000.

Handlebars and Seat:

Schwinn IC3 Seat and Handlebars
  • Four-way adjustable seat.
  • Four-way adjustable handlebars.
  • Race-style middle cutout seat.
  • Schwinn IC3 seat is ventilated
  • Urethane-dipped handlebars.

The IC3 Schwinn stationary spin bike features padded handlebars to provide better grip and extra comfort during long spinning sessions. Additionally, unlike the older model (Schwinn IC2), the IC3 is fore/aft adjustable and has the urethane-dipped handlebars.

The multi-grip dipped adjustable handlebars allow pretty much all users heights to adjust the bike to fit their arm lengths. It is not just adjustable, it has an ergonomic design that makes it unique compared to other cheap spin bikes.

Ventilated and cushioned, the Schwinn IC3 seat features a decent narrow race-style with horizontal and vertical adjustment for maximum adjustability. So, you wouldn’t need to buy gel seat. The high-quality breathable seat prevents overheating during long rides.

The IC3 spin bike seat is four-way adjustable with excellent inseam capacity. Schwinn IC3 indoor cycle can be adjusted to accommodate all your family members. Users from 29-inch to 40-inch inseam can comfortably exercise on Schwinn indoor cycling bike.


Schwinn IC3 Resistance type
  • Schwinn IC3 resistance is friction
  • Felt pad resistance type
  • Push down emergency brake
  • Resistance guard/bike fender

The Schwinn IC3 uses a felt pad to create resistance. It’s not magnetic or leather pad but due to the high-quality materials used in the felt pad, it’s pretty quiet and smooth.

What’s nice about the felt pad friction is the infinite amount of resistance. There is no level so the more you turn the knob, the more challenging the workout gets.

This way, all fitness levels can find a resistance that meets their need. Schwinn IC3 resistance is not shown on the IC3 monitor. So, you can see the exact level of resistance. But after a while, you will get the feel of how many turns can be your average and max point.

If you are still reading our Schwinn IC3 review, you should know that this inexpensive indoor exercise bike by Schwinn has a resistance and flywheel guard. There is bike fender that prevents sweat from ruining the Schwinn IC3’s resistance pad.

Overall the resistance is good, although not as quiet as magnetic. But for sure, the IC3 Schwinn spin exercise bike offers more resistance than magnetic spin bikes.

Drive System:

  • Belt drive Poly-V transmission;
  • IC3 comes with a 1:3 gear ratio;
  • The drive system of this Schwinn indoor bike is fixed (not free-wheel);

Schwinn IC3 exercising bike features high-grade belt drive that is smooth, and consistent to provide you with a really good workout experience. It requires very little maintenance because it doesn’t need oiling or adjusting too often.

Compared to chain drive bikes, it is also extremely quiet in operation, which is an important factor when it is being used at home. Especially if you live in apartments. The belt adjustment nuts are high-quality so the thread won’t ruin if you need to adjust the belt.

Price and Warranty:

  • Whole bike frame: 5 Years
  • Mechanical and electric parts (Belt and monitor): 2 Years
  • Other parts: 12 Months
  • Labor warranty: 3 Months

Home warranty of IC3 Schwinn spin cycles is unbeatable for this price point. When buying IC3 Schwinn spin cycle, you are confident because you know the company backs the bike for years. Not only you can buy the IC3 spin bike by Schwinn with peace of mind, but it’s also a quality assurance.

Schwinn Fitness offers years of warranty for the Schwinn IC7 indoor cycling bike because they trust the quality. Otherwise, they could go with 3 months warranty like all the other home cycling bikes with this price tag.

As far as the Schwinn IC3 indoor cycling bike price goes, it’s the most affordable professional spin bike on the market. For less than $500, Schwinn IC3 home exercise bike is the best value exercise bike.

There are a few indoor cycling bikes with similar features, but three times more expensive. Buying Schwinn IC3 spin bikes, rest assured that you are getting one of the best deals, if not THE best spin bike deal on the market.

Shipping and Assembly:

  • Schwinn IC3 assembly is easy.
  • Shipping is free.
  • Assembly tools are included.
  • Schwinn IC3 indoor cycling bike manual is included.

IC3 Schwinn exercise bike comes partially assembled and according to many Schwinn IC3 spin bike reviews on Amazon, the Schwinn IC3 assembly is very easy. When you buy the IC3 Schwinn spin bike, you will also receive the tools needed for assembly.

The Schwinn IC3 instructions are also included. Following the instructions, it shouldn’t take you more than 40 minutes. Consider that you need to assemble the stabilizers, seat, handlebars, monitor, and pedals.

Buying the Schwinn IC3 exercise bike from Amazon you won’t have to spend on shipping. The Schwinn IC3 indoor bike shipping is free and it is relatively faster than a few other retailers.

Schwinn IC3 Pros:

Schwinn IC3 indoor cycling bike

RPM (Revolutions per minute) is also known as cadence. It’s the number of flywheel turns in one minute. It tells you how fast you are pedaling. You can see your current and total RPMs and compared it with another day’s record. It’s also an important metric when following spinning classes online because the instructor gives specific RPM every few minutes. Schwinn IC3 spin bike tracks the RPM but most spin bikes in this price range don’t.

Heart Rate Strap connectivity
In case you are still reading our Schwinn IC3 exercise bike review, you already know the Schwinn IC3 computer connects to the wireless non-coded chest straps such as the Polar T31. It’s more accurate and easier to use than the pulse sensors on the handlebars. When 100-120 is your BPM (beat per minute), you are in health improvement zone, 120-150 BPM in fitness zone (fat burning), 150-170 BPM is performance zone, 170-200 BPM is high-performance zone (fit athletes). Thanks to the IC3 Schwinn spin bike for home use, you can accurately see which workout zone you are on.

  • Dual-sided SPD pedals.
  • Breathable soft racing-style seat.
  • Automative grade smooth belt-system.
  • Easy to reach convenient bottle holder.
  • 4 Adjustable foot levelers.
  • Tablet holder.
  • 40 Pounds perimeter weight flywheel.
  • Four-way adjustable ergonomic multi-grip handlebars.
  • Generous warranty.
  • Excellent customer support.
  • Huge inseam capacity.

Schwinn IC3 Cons:

Schwinn IC3 review

No Bluetooth
The IC3 LCD monitor doesn’t connect to Bluetooth or ANT/+ devices. These wireless connections allow users to connect the bike to their phone/tablet to save their daily progress on free cycling apps or do live competitions on cycling apps. Note that these wireless communication protocols are often found on spin bikes that cost $1800+ such as the Keiser M3i. However, there is an easy and cheap solution that will enable you to connect the bike online. You can find it below scrolling down this Schwinn indoor cycling bike review.

Watts, or in other words, the power you produce with each pedal stroke. It’s an important spinning metric that allows you to see how much effort you are putting. With the Schwinn IC3 you can not track watts that you produced throughout the spinning workout. Note: We don’t know of any spin bike under $1000 that can track Watts so unless you are willing to stretch your budget, we suggest you not to consider the watt tracking capabilities.

Fixed wheel
Unlike high-end and expensive Schwinn indoor bikes with smart release mechanism, the IC3 comes with the fixed wheel mechanism. Smart release system allows the flywheel to keep spinning when the pedals and crank arms are static. It’s similar to how outdoor bicycles work. And it’s safer because you can jump off the bike without having to wait for the flywheel to stop spinning. With fixed gear bikes, both the pedals and flywheel start and stop spinning together. Therefore, you can’t get off the bike immediately because you need to wait for the flywheel to stop turning. The smart release feature is only available on Schwinn exercise bikes that cost $2000+.

  • The telemetry chest strap is not included.
  • Wide q-factor is not ideal for everyong
  • It has a friction felt pad, not magnetic resistance.

Indoor Cycling Clothing and Accessories:

Schwinn IC3 indoor cycle

Spinning Shorts
When buying the IC3 exercise bike, you are going to need a few accessories and clothing to make cycling more comfortable and enjoyable. For a start, you need padded cycling shorts to provide cushioning between you and the seat and to prevent painful chafing. We have written extensive women’s spinning shorts and men’s spinning short reviews.

Indoor cycling shoes
You are lucky because the Schwinn Fitness IC3 indoor cycling bike has SPD pedals. So, you have the option to wear specific cycling shoes for indoor cycling. These shoes have stiff soles that allow you to produce more power, burn more calories and feel more comfortable. We have picked and reviewed the top women’s spinning shoes for you.

Wireless connectivity
If you want to connect the Schwinn IC3 indoor cycling bike to the cycling apps such as the Zwift, you will need Bluetooth-enabled Wahoo sensors. To find out the price and more information about the Wahoo sensors, read our spin bike computers review.

Mat and cover
To make sure the bike doesn’t scratch your floor and to eliminate the bike’s vibration to extend the life of your newly purchased Schwinn IC3, we recommend an exercise bike mat. You can buy it from Amazon for less than $30. And if you have kids in the house, we suggest you consider covering the bike after use. It keeps the naughty fingers safe while keeping the dust away from your bike. Here is the link to our favorite exercise bike covers.

Final Word on the Schwinn IC3 Indoor Cycling Bike:

Throughout this Schwinn IC3 review, you probably noticed that we love this indoor bike. So much that it is now one of our two top pick spin bikes under $1500.

From top to bottom, this top value spin bike is made extremely well. Schwinn IC3 has a decent comfortable and breathable, racing-style seat, SPD pedals, belt-drive, tablet holder and an easy-to-reach big bottle holder.

IC3 Schwinn adjusts fully to provide good bike fitting for all heights. It’s easy to assemble and the bike computer is a nice bonus. Other indoor bikes with half IC3’s features are $1000+.

One of those bikes is the BodyCraft SPX, and it’s almost 3x more expensive. But doesn’t even have a computer, SPD pedals, media holder, or the convenient bottle holder.

The Schwinn IC3 is the best budget Schwinn exercise bike to buy. It’s the best home exercise bike by Schwinn under 500$ that beats bikes 3x its price. It’s the best value for the money.

9.7 Total Score

Overall, the Schwinn IC3 is a solid feature rich and durable exercise bike that delivers a smooth workout. The Schwinn IC3 indoor cycle has all of the features that professional cyclists generally look for when buying an indoor cycling bike for home use. IC3 indoor cycle is highly adjustable, comes with chest strap compatible RPM computer, has SPD pedals, comfy racing seat and more.

Schwinn IC3 Indoor Cycling Bike
User Rating: 3.35 (77 votes)

  1. Just bought an ic3 doesn’t display the watts. Pretty bummed about it too.

  2. what is the push down emergency brake on the fixed wheel mechanism compared to the smart release mechanism?

    • Hi Cathie,

      The smart-release system is the opposite of the fixed-wheel mechanism. Spin bikes that are built with fixed-wheel/fix-gear mechanism (like this Schwinn IC3) don’t allow you to get off the bike or take a 5-second break until the flywheel completely stops turning because the flywheel and the pedals are fixed together.

      On the other hand, we have some spin bikes with the smart-release mechanism such as Life Fitness IC8 and Concept 2 bike. On these bikes the pedals and the flywheel work independently. Therefore, you can get off the bike in case of an emergency or take a short break from pedaling while the flywheel is turning (like road bikes).

      Compared to fix-gear, the smart-release system is better because it is safer but unfortunately it is too expensive. I don’t know any spin bike (except for Concept 2) under $2000 with this technology.

      The push-down emergency brake is something that 99% of spin bikes (including the IC3) have it. It allows you to stop the flywheel immediately in case of an emergency.

      Thanks for dropping by

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