Chase and Instacart Officially Launch Co-Branded Credit Card

“Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.”

Earlier this year, Chase and the popular grocery delivery service Instacart revealed that they were collaborating on a co-branded credit card. Now (after a false alarm yesterday), the offering has officially launched. Introducing the Instacard Mastercard.

With the new Instacart Mastercard, customers will earn 5% cashback on purchases they make from Instacart. This includes delivery and pick-up orders at more than 70,000 stores across the nation. Additionally, cardholders will earn 5% back on travel purchases made via Chase Travel Center, including flights, hotel stays, and more. Beyond those top categories, the card also earns 2% in three popular spending categories: restaurants, gas stations, and select streaming services. All other purchases will earn 1% back.

Cashback earned can then be used for Instacart purchases, Chase Travel Center bookings, direct deposits, or statement credits. Plus, there is no minimum redemption requirement. The card carries no annual fee.

Best Rewards Credit Cards

Click to see all of the best rewards credit cards with the latest offers.

Get Rewards

To celebrate the launch of the Instcart Mastercard, Instacart and Chase are also offering a fairly unique welcome bonus. The first 10,000 customers to be approved for the card will receive a $200 Instacart credit as well as one free year of the newly-renamed Instacart+ (a $99 value). Notably, these bonuses come without any minimum spending requirement. After the first 10,000 have been claimed, subsequent new cardholders will still earn a $100 Instacart credit and one free year of Instacart+.

In many ways, the Instacart Mastercard’s offerings are about what was to be expected, including offering a significant percentage back on orders placed on the platform. Yet, on the other hand, the fact that the card earns regular cashback instead of just Instacart credits is a somewhat surprising win. Also interesting is the inclusion of a 5% Chase Travel Center booking category — although this is something Chase has been rolling out to many of its cards. Lastly, having a welcome bonus that isn’t tied to a minimum spend requirement could well make this even more attractive to prospective customers, while the potential to double their intro bonus credit might push them to apply sooner rather than later.

With all of that said, though, the card is still unlikely to be a winner for those who don’t use Instacart terribly often. That’s because, although the “every day” 2% categories are a nice addition, there are plenty of cards that now offer 2% back on all purchases. So, while the Instacart Mastercard might appeal to those who enjoy Instacart’s service and will get some benefit from the additional perks of the card, those further along in building their rewards credit card portfolio will likely see this as too specialized to be worthwhile.

DyerNews has partnered with CardRatings for our coverage of credit card products. and CardRatings may receive a commission from card issuers.” (Note: advertising relationships do not have any influence on editorial content. Advertising compensation allows to provide quality content for free. All editorial opinions are those of the individual author and/or Dyer News.)


Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded in 2015 to focus on personal finance and the emerging FinTech markets.

Other Articles by Jonathan Dyer

Rocket Companies Introduces Rocket Visa Card for Homebuyers

Rocket Companies — the parent company of Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money — is now adding a branded credit card to the mix. This week, Rocket introduced the Rocket Visa Signature Card. Not only will the new offering integrate with Rocket Money but will allow cardholders to earn up to 5% back. With the Rocket Card, customers can earn 5 Rocket Rewards on every purchase they make....

Robinhood Partners with Capitalize for IRA Rollover Feature

In January, the popular investment app Robinhood officially introduced its IRA program Robinhood Retirement. Now, ahead of this year's tax deadline, the company has announced a partnership with Capitalize that will make it easier for customers to transfer their existing IRAs and 401(k)s over to the platform. As a result of the partnership, Robinhood Retirement users will be able to find legacy 401(k) accounts and roll them over into a...

Survey: Consumers Want Financial Recommendations from Banks

Since the advent of online banking, it's been easier for customers to check their balances, make transfers, and conduct other transactions from their computer or smartphone. However, a new survey highlights the fact that banks could be doing more with their digital platform to please customers. According to a Sopra Steria and IPSOS report, nearly 70% of banking customers want their institutions to provide more personalized financial recommendations that can...