Chase and Instacart have a new co-branded rewards credit card. The new Instacart Mastercard® Credit Card offers up to 5% cash back on eligible purchases, a year’s worth of Instacart+ membership at no cost, and World Elite Mastercard benefits – all for no annual fee.
New Instacart World Elite Mastercard
Instacart – one of the leading food delivery apps – and Chase have announced the launch of the new Instacart Mastercard® Credit Card. The new cash back credit card allows cardmembers to earn unlimited cash back rewards from hundreds of retailers with a range of redemption options, along with additional rewards and benefits.
Earn up to 5% Back
Through Instacart’s first-ever credit card and the first co-branded card in the growing, on-demand delivery space from Chase, cardmembers can fill up their cart with unlimited cash back on groceries, everyday purchases, and more.
Cardmembers earn the following cash back with the Instacart World Elite Mastercard from Chase:
- 5% cash back on Instacart purchases made at more than 800 national, regional, and local retail brands from more than 70,000 stores across more than 5,500 cities
- 5% cash back on travel purchased through the Chase Travel Center
- 2% cash back on restaurants, gas stations, and select streaming services
- Unlimited 1% cash back on all other purchases
New Cardmember Welcome Bonuses
For a limited time, the first 10,000 consumers to apply and be approved for the Instacart Mastercard will receive a $200 Instacart credit and one year of free Instacart+ automatically upon approval. After the first 10,000 cardmembers, every new cardmember will receive a $100 Instacart credit and one free year of Instacart+. Instacart+ benefits include free delivery on orders over a certain size; reduced Instacart service fees; credit back on eligible Pickup orders; and exclusive benefits.
“The Evolution of Digital Payments”
“Giving people access to the food they love and essentials they need is central to everything we do at Instacart,” said Asha Sharma, Chief Operating Officer, Instacart, in a press release accompanying the news. “With the new Instacart credit card, we’ll be able to deliver even more ways for customers to save as they shop and make Instacart the most affordable way for people across North America to get the food they want, from the retailers they love, delivered faster than ever before.”
“The adoption of more convenient digital services has accelerated, and consumers’ habits have clearly evolved,” said Ed Olebe, President of Chase Co-Brand Cards. “We are excited to introduce a new category of co-branded cards for Chase through this partnership with Instacart, a true leader in the grocery delivery space.”
“Our lives are more digital than ever, from how we shop to how we work, travel, and connect. And consumers’ expectations about their experiences with brands are changing. It’s critical that we design and deliver the best payments and loyalty experiences for our cardholders, regardless of where or how they pay,” said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard. “The new Instacart Mastercard is a prime example of the evolution of digital payments– a card tailored to customers, that earns relevant rewards as they live their lives. It’s a powerful way for Instacart to engage new customers and enhance the experience for existing ones.”
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