Chase and Instacart launch the first credit card for grocery delivery fans
Update: Some offers mentioned below are no longer available. View the current offers here.
Grocery delivery lovers now have a credit card designed just for them. The first credit card from Instacart is now available. This is a new concept for credit cards and food delivery companies.
Let's take a look at the card's details to see what it offers and help you make an informed decision about whether it deserves a place in your wallet.
The new Instacart Mastercard® Credit Card
Chase and Instacart have partnered to launch the first-ever credit card from Instacart that will earn cash back in several different bonus categories. The card has no annual fee.
To coincide with the launch, new applicants can receive a $200 Instacart credit and one year of free Instacart+ automatically on account approval. However, this offer is limited to the first 10,000 applicants who get the card before Aug. 4, 2022. After this point, new applicants will receive a $100 Instacart credit and one year of free Instacart+.
Instarcart+ members receive perks like free delivery (subject to order minimums), reduced fees, account credits for pickup orders and other perks.
Related: Complimentary grocery delivery: Get an Instacart+ membership with these eligible Chase credit cards
Cardmembers will earn cash back at the following rates with no earning limits:
- 5% back on Instacart purchases.
- 5% back on travel purchased through the Chase travel portal.
- 2% cash back on purchases at restaurants, gas stations and select streaming services.
- 1% cash back on all other purchases.
These rewards can be redeemed as cash back for a statement credit or direct deposit — with no redemption minimums — or to book travel in the Chase travel portal. In the future, cardmembers also will have the ability to redeem rewards for Instacart orders on the website or in the app.
Other cardmember perks include no foreign transaction fees, World Elite Mastercard benefits, rental car protection, purchase protection, extended warranty protection, baggage delay insurance, lost luggage reimbursement and other travel-related protections.
Since the Instacart Mastercard is offered by Chase, we assume it will be subject to the 5/24 rule. You can read more details about application rules in our ultimate guide to credit card application restrictions.
The information for the Instacart Mastercard has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Related: Which cards should you use for online grocery delivery services?
How to maximize your Instacart purchases
Firstly, click through the Rakuten shopping portal to earn 1-2% cash back (or 1-2 American Express Membership Rewards points) on Instacart purchases.
Then, use an Instacart promo code to save money at checkout.
Bottom line
Whether you should or shouldn't apply for the new Instacart Mastercard will come down to a pair of considerations. First, consider whether you're eligible for this card, based on our list of application rules.
Second, consider whether you already have credit cards that can provide the relevant benefits, including Instacart+ and the rewards to be earned in the bonus earning categories. If the Instacart Mastercard offers benefits you don't currently have, such as waiving your delivery fees on Instacart orders, it can make sense to add to your wallet. However, there are other credit cards that provide better earnings in several of this card's bonus categories.
Official application link: Instacart Mastercard® Credit Card with $200 Instacart credit and one year of free Instacart+.