Home Credit score Chase and Instacart will launch a new credit card in 2022

Chase and Instacart will launch a new credit card in 2022

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  • Instacart is North America’s leading online grocery platform.
  • Instacart and Chase are launching a co-branded credit card later this year.
  • The card will offer expedited points on Instacart purchases, among other benefits and rewards.
  • Read Insider’s guide to the best rewards credit cards.

If you’re unfamiliar with Instacart, it’s an online grocery shopping platform that lets you order nearby pickup or delivery.

Participating Instacart stores include Kroger, ALDI, Meijer and Costco – and the site now supports non-food stores such as Best Buy, Dick’s Sporting Goods and Bed Bath & Beyond. You can find over 700 grocers and retailers through Instacart.

Read more: How does Instacart work? What to know about the freelancer-powered grocery delivery service

Coming later this year, Chase and Instacart are unveiling an all-new co-branded credit card – the Instacart Mastercard.® credit card. It’s always good news to hear about a new credit card on the market, although we know relatively little about the inner workings of that card.

New Chase Instacart credit card

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You may have noticed that Chase and Instacart have been working together sporadically over the past couple of years. There are occasional discounts via Chase offers. There is currently a promotional Instacart Express Membership for customers with select Chase Cards, including $10 off your next order of $35+, through April 2022, when you join by January 31, 2022 (you can register here).

The partnership foreshadowed what was to come: a true co-branded credit card. Chase did not reveal important details about the card, such as its annual fee, earning rates and reward currency. It only says it will offer “accelerated points on Instacart purchases, among other benefits and rewards.”

If the card’s win rates are impressive, this might be a product to consider as it brings together several hundred merchants under one platform. However, purchases through the Instacart code as grocery stores with most credit card issuers like American Express and Chase. This means that the Chase Instacart credit card will need exceptional winning rates, as well as perhaps Instacart credits and an Instacart Express subscription to challenge competitors.

Read more: The best credit cards for grocery shopping

For example, American Express’ Blue Cash Preferred® card earns 6% on the first $6,000 spent in supermarkets each calendar year (1% thereafter). Using this card to buy groceries through Instacart should earn you 6% back.

Or the American Express® Gold Card

earns 4 Amex Membership Rewards points per dollar in supermarkets (up to $25,000 spent in US supermarkets each year, then 1 point per dollar). Insider estimates the value of Amex points at 1.8 cents each, giving you an effective return rate of around 7.2% on travel.

This card will be a World Elite Mastercard, so it may come with standard World Elite benefits such as:

  • Rental Car Elite Status
  • Mobile phone protection
  • World elite concierge
  • Free Shoprunner Membership

However, issuers sometimes waive certain benefits offered by payment processing networks. We don’t know for sure what this card’s suite of benefits will look like.

The Chase Sapphire Preferred is currently one of the best credit cards for grocery spending

Regular APR

15.99%-22.99% variable

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  • Advantages and disadvantages

  • Details


  • Advantages
    • High sign-up bonus gets you started with lots of points
    • Solid travel blanket
    The inconvenients
    • Does not offer Global Entry/TSA PreCheck application fee credit
    • Earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening. It’s $750 when you redeem through Chase Ultimate Rewards®.
    • Enjoy perks like a $50 annual Ultimate Rewards resort credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, and more.
    • Earn 25% more value when you redeem airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 to travel.
    • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select rotating categories.
    • Get unlimited deliveries with $0 shipping and reduced service fees on qualifying orders over $12 for at least one year with DashPass, DoorDash’s subscription service. Activate before 3/31/22.
    • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Baggage Insurance and more.

    Read our review
    Read our review A long arrow pointing to the right

    Chase already has a great option for supermarket spending.

    The Chase Sapphire Preferred® Card earns 3 Chase Ultimate Rewards points per dollar for online grocery purchases (excluding Target, Walmart and wholesale clubs). Insider estimates the value of Chase Points at 1.8 cents each. This means that if you use this card through Instacart, you should effectively receive 5.4% back on trips.

    This card also offers 60,000 points after spending $4,000 on purchases within the first three months of account opening. It comes with valuable travel benefits like Master Rental Car Insurance, Trip Delay Insurance, and Baggage Delay Insurance.

    We frequently recommend the Chase Sapphire Preferred as the best travel points credit card for beginners. And because he has a high income rate for grocery expenses, his usefulness is only to travel more.