Instacart Mastercard Overview
The Instacart Mastercard® earns highly on more than just Instacart purchases and offers more benefits than usual for a card with no annual fee. However, its bonus categories require purchases to be made in specific ways which may not appeal to everyone. These restrictions are unlikely to convince people who aren’t already loyal to Instacart to get the card. Card Rating*: ⭐⭐½
,card rating Based on the opinion of TPG editors and not influenced by card issuers.
The popularity of grocery and food delivery services has increased over the years. Following this trend, Instacart Mastercard launched The first credit card for grocery delivery fans in mid-2022.
This card offers a higher earning rate on Instacart purchases and typically offers more benefits than cards with no annual fee. That said, given the limitations of Instacart and the earning opportunities on other credit cards, it’s not ideal for everyone.
instacart is mastercard the right card for youLet’s take a detailed look at it to find out.
Instacart Mastercard information is independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Instacart Mastercard Advantages and Disadvantages
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Instacart Mastercard Welcome Offer
New applicants for the Instacart MasterCard can receive a $50 Instacart credit upon account approval. there is no one need for expenditure To unlock this bonus offer.
The terms of the offer state that the $50 credit must be applied to your Instacart account immediately upon approval of the Instacart Mastercard; However, the terms also state that it may take time up to 10 days To get credit.
Additionally, you can’t get this bonus if you’ve earned bonuses on this card in the last 24 months – which shouldn’t be a problem for a lot of people yet, given that this is a relatively new card. .
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The $50 account credit from the welcome offer can be applied towards any Instacart purchase but cannot be used towards taxes, tips, gift cards, prescriptions, delivery fees or other service charges.
Previously, we’ve seen an offer of a complimentary year of Instacart+ with a $50 welcome rebate. It’s unclear whether that welcome offer will ever return, but most consumers in this card’s target demographic likely already have Instacart+.
Given that Chase issues this card, it’s probably subject to 5/24 rule and other Chase-specific credit card application rules,
Instacart Mastercard Benefits
instacart mastercard is one World Elite MastercardIt offers benefits like 24/7 concierge services and MasterCard Precious Experiences.
You’ll also enjoy these features:
- Baggage Delay Insurance: Provides reimbursement of up to $100 per day for up to three days after a delay of six hours or more
- Extended Warranty Protection: Adds an additional year to a manufacturer’s warranty of three years or less
- Purchase Protection: Covers purchases made in the last 120 days against damage or theft up to $500 per claim and up to $50,000 per account.
- Reimbursement for lost luggage: Provides reimbursement up to $3,000 per passenger for checked-in and carry-on luggage
- Travel and Emergency Assistance Services: Coordinates services on your behalf, although you will pay for these
- Travel Accident Insurance: Provides coverage up to $500,000 for accidental death or dismemberment
- Roadside Assistance: Provides remittance services on a pay-per-use basis
- Auto Rental Collision Damage Waiver: Provides coverage on rental cars when you pay for the entire rental with your car; Coverage is secondary in the US but primary elsewhere
- access to chase offers
- No foreign transaction fee
Connected: Most Valuable World Elite Mastercard Benefits
Earning Cash Back on Instacart Mastercard
With the Instacart Mastercard, you’ll earn rewards points that you can use as cashback – each worth 1 cent. These earnings are sometimes referred to as points, Instacart points, or cash-back rewards – all of these terms mean the same thing.
Cardholders earn 5% cashback on Instacart.com and Instacart mobile app purchases, including membership and membership fees. You will not get 5% cashback restaurant order Made through Instacart.
You’ll also earn 5% back on travel reservations made through Chase Travel℠.
You’ll also earn 2% back gas station and on dining (including restaurants, takeout and eligible delivery services) and select Streaming ServicesUltimately, you’ll earn 1% back other shopping,
Reward points and cash back do not expire as long as your account is open and in good standing.
Redeeming Cashback on Instacart Mastercard
You can use your earnings to pay for all or part of a purchase in the Instacart app or on Instacart.com. Additionally, you can redeem your points in the following ways, most of which offer 1 cent off each value:
- Directly deposited into your bank account
- statement credit
- Pay for travel in chase trip
There is no minimum redemption amount, although redemption values may vary depending on how you use your rewards. Pay attention to these to make sure you get a solid value.
Connected: 3 Reasons Why You Want a Cash-Back Credit Card in Your Wallet
Which cards compete with Instacart Mastercard?
The Instacart MasterCard is unique as the first credit card from a grocery delivery brand. However, this does not mean that it has no competition:
- If you want the same benefits but different earning ranges: Chase Freedom Flex® It also has no annual fee and gets 5% back on Chase travel purchases. You’ll earn 5% back in rotating quarterly categories (up to $1,500 in combined purchases each quarter you activate), 3% back at restaurants (including takeout and qualified delivery services), 3% back at drugstores, and others. But you will earn 1% back. shopping. You will enjoy the same benefits as the World Elite Mastercard. To learn more, check out our full article Chase Freedom Flex Review,
- If you want the same features but with Amazon instead: no annual fee prime visa Currently offered 10% or more on a rotating selection of items and categories at Amazon.com, 5% back on Amazon, Amazon Fresh and Whole Foods orders, and Chase Travel purchases for those with Prime membership, including Amazon Fresh Also includes grocery delivery. And whole foods. You’ll earn 2% back at restaurants, gas stations and local transit and commuting and 1% back on other purchases. To learn more, check out our full article Prime Visa Card Review,
- If you want valuable rewards on online grocery shopping: Chase Sapphire Preferred® Card There is an annual fee of $95 and earns 3 points per dollar on online grocery purchases (except Walmart, Target, and wholesale clubs) as well as streaming and dining purchases. To learn more, check out our full article Chase Sapphire Preferred Review,
For additional options, check out our full list best grocery credit cards And best chase credit cards,
Connected: Why did I choose the Chase Sapphire Preferred as my next credit card?
Is the Instacart Mastercard Worth It?
If you’re a dedicated Instacart fan, this card will probably be useful. However, if you are not loyal to the brand, it would be a better idea to get another credit card that earns points or gives cash back. online grocery servicesInstacart also isn’t available everywhere in the US, do research before applying Delivery options in your area,
ground level
The Instacart Mastercard has a solid range of benefits for Instacart fans and those who want a card with no annual fee. Its earning categories extend beyond grocery delivery, but may not impress those who are not already brand loyal.
If you’re ordering from Instacart, remember that you can earn additional rewards and discounts when you shop with Instacart. Click on Rakuten Shopping Portal To earn 1%-3% cashback (or 1-3 American Express Membership Rewards points) on your shopping trips. Then, use an Instacart promo code to save money at checkout.
Connected: Best Credit Cards for Online Grocery Delivery Services
