Is there a penalty for canceling class? Naomi O. January 17, 2020 08:00 Updated Follow If you late-cancel your class (within the 12-hour window), you will lose that credit. There is no further penalty. Related articles How do I buy studio classes? How can I cancel my class reservation? What happens if I'm running late to class? How much does a P.volve streaming membership cost? What should I bring to class? Comments 0 comments Article is closed for comments.