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Grocery delivery has become a modern convenience that is favored by millions of Americans, with much of its popularity growing due to the Covid-19 pandemic. In fact, many are sticking to it even now – according to the Brick Meets Click/Mercatus Grocery Shopping Surveyin the second quarter of 2022, online grocery delivery sales reached $7.7 billion.
Throughout the pandemic, credit card issuers have been creative and pivoted to ensure their products meet consumer needs. Instead of offering more travel-related benefits at a time when people were staying home, for example, some issuers have instead added grocery delivery services to their rewards and spending categories.
Today, the first co-branded credit card for grocery delivery made its debut when Chase teamed up with Instacart to introduce the new Instacart Mastercard®, which rewards cardholders with 5% cash back for their Instacart purchases, as well as any travel purchased directly through the Chase Travel Center. New applicants can also take advantage of a solid welcome bonus and get a year of free shipping.
Here, Select details the perks and benefits of the new card — and how the first 10,000 applicants who apply before August 4 can get $200 in Instacart credit instead of the usual $100 credit.
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Earn 5% cash back on Instacart and Instacart.com app purchases, and trips purchased through the Chase Travel Center. Earn 2% cash back at restaurants, gas stations and on select streaming services. Earn 1% cash back on all other purchases.
Limited Time Offer: The first 10,000 to get the card by 8/4/22 will receive $200 Instacart credit plus 1 year free of Instacart+, after which the offer will change to $100 Instacart credit plus 1 free year of Instacart+. Membership renews automatically. Conditions apply.
16.49% to 25.24% variable
Balance Transfer Fee
$5 or 5% of the amount of each transfer, whichever is greater.
Foreign transaction fees
The Instacart Mastercard is a great credit card to use for all your Instacart purchases, as well as other everyday purchases, especially if you’re going out to eat or gas up your car. The card also has no annual fees or foreign transaction fees, making it a solid option for those on a budget.
By spending with the card, you will earn:
- 5% cash back for Instacart purchases made at 800+ retail brands at 70,000+ stores, through the Instacart app or Instacart.com
- 5% cash back for flights, hotels and other travel purchased directly through the Chase Travel Center
- 2% cash back at restaurants, gas stations and for using certain streaming services
- 1% cash back for all other purchases
As for the benefits, the card comes with a host of great features. First, there’s a solid welcome offer you can earn once you’re approved for the card – a free year of Instacart+ and a hefty $200 Instacart credit for the first 10,000 people who apply. before August 4. After that date, the host offer will revert to its usual free year of Instacart+ and $100 Instacart credit.
For reference, Instagram+ is the subscription portion of the grocery delivery service that includes benefits such as free delivery on any purchase over $35, reduced service fees, and a 5% discount on pickup orders.
In addition to these benefits, the Instacart Mastercard also comes with World Elite Mastercard benefits, including 24/7 access to World Elite concierge services, extended warranty and purchase protection, baggage delay and travel accident insurance, reimbursement for lost baggage, the ability to use the car, collision damage waiver for car rentals, roadside and other travel assistance and emergency assistance if needed during a trip.
For those who aren’t loyal to Instacart but want to earn more rewards on their grocery purchases, they should consider a grocery rewards card like the Blue Cash Preferred® Card from American Expresswhich offers 6% cash back at US supermarkets, up to $6,000 per year in spend (1% thereafter, conditions apply).
The Instacart Mastercard worth considering if you are an Instacart loyal and want to enjoy a great cashback rate on your Instacart purchases, in addition to shopping benefits on the platform. As the grocery delivery market continues to grow, we may see more of these types of co-branded credit cards, aimed at those who enjoy using these types of delivery services.
It should be noted – before signing up for this card – that the prices you pay for items purchased through Instacart may not be the same as what you would pay in the actual store, as this service costs a bit of a premium . That said, if you regularly place orders with Instacart, this card could be a great option to help offset some of those extra fees.
Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.