Instacart, Chase Introduce Credit Card Unlocking “Unlimited” Earnings from Retailers

Instacart, which claims to be the leading grocery technology company in North America, and Chase, one of the largest co-brand card issuers in the U.S., recently launched the new Instacart Mastercard credit card, with Mastercard as the “exclusive” payments network.

With this “first-ever” credit card from Instacart, cardmembers can “earn unlimited cash back with a range of redemption options, along with additional rewards and benefits.”

The new Instacart Mastercard from Chase, a World Elite Mastercard, offers cardmembers the following:

  • Accelerated earning opportunities on groceries and everyday purchases
  • 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
  • 1% cash back on all other purchases

Heather Rivera, Vice President of Strategy, Corp Dev, and Partnerships at Instacart, said:

“At Instacart, we’re always looking for new ways to provide value for our customers, and now more than ever we’re helping them maximize rewards on their everyday household shopping. We’re proud to partner with Chase for the first-ever Instacart credit card that will offer yet another way to access rewards both on and off the Instacart platform. From the weekly grocery shop to beauty products and sports equipment to household essentials, cardmembers will be rewarded with cash back on every purchase from many of their favorite retailers. They’ll also get free access to Instacart+ for a year, which enables them to pile on the savings with perks like no delivery fees on orders over a certain size, reduced service fees, and credit back on eligible Pickup orders.”

Doug Einstein, General Manager of the Instacart Co-Brand Card at Chase., said:

“The Instacart Mastercard was designed to provide Instacart users with more value, rewards and savings. Whether a cardmember is stocking up on groceries for the week, refilling their pantry with household goods, ordering late-night snacks, or something in between, we wanted to create a card that ensured checking out with Instacart pays off with unlimited opportunity to earn cash back.”

John Levitsky, Executive Vice President, North America at Mastercard, remarked:

“Mastercard is thrilled to continue expanding our partnerships with Chase and Instacart, two companies that share our vision to enable consumers to save time and money through enhanced digital experiences. Our World Elite benefits complement cardholders’ evolving lifestyles, whether shopping for everyday items or fueling people’s passion for culinary experiences.”

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.”

For more details on this update, check here.

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