Why we like this card: this Instacart Mastercard® Caters to people who frequently order groceries through the Instacart delivery platform. However, this is just one of the many benefits this card offers. With a competitive cash back rate, a host of other benefits and protections, and no annual fee, the Instacart Mastercard is an attractive option for anyone looking for a comprehensive cash back card.
advantage
- No annual fee
- Instacart+ free for one year
- Get the welcome offer without spending any money
shortcoming
- No introductory APR
- No higher rewards for non-Instacart grocery purchases
- Instacart fees may offset cash back earned
Instacart Mastercard: Overview
annual interest rate
- introduce: not applicable
- Buy: 20.24%–28.99% variable
- Balance referral: 20.24%–28.99% variable, plus a fee of $5 or 5% of each transfer amount, whichever is greater
- Cash advance: 29.99%, plus a fee of $10 or 5% of each transaction, whichever is greater
- punish: Up to 29.99% variability
- My Chase LoanSM Annual interest rate: 20.24%–28.99% variable, plus a monthly fee of 1.72% on each qualifying purchase or amount selected to create a My Chase Plan
annual fee: $0
Foreign Transaction Fees: not any
Late payment fee: Up to $40
this Instacart Mastercard® Offering a range of offers tailored specifically to Instacart frequent customers. It offers a great rewards structure where cardholders can earn cash back on every purchase, with a maximum rewards rate of 5% cash back on Instacart app and Instacart.com purchases and travel booked through Chase Ultimate Rewards.Cardholders also receive a competitive 2% cash back at restaurants, gas stations and select streaming services, as well as 1% cash back on all other purchases
Another attractive aspect of this card is that it has no annual fee, although it offers many valuable benefits and perks. In addition to cash back, cardholders also enjoy purchase protection, extended warranty protection, rental car insurance and more. Additionally, new cardholders will automatically receive one year of free Instacart+ and $100 in Instacart points upon approval. (Membership automatically renews and terms apply.). Overall, this card is a good choice for those who spend a lot on groceries and travel.
Instacart Mastercard: Rewards
As you would expect, Instacart Mastercard® Rewards cardholders receive cash back when they shop with Instacart. However, there are many spending categories that qualify for competitive cash back rates:
- 5% cash back on Instacart app and Instacart.com purchases
- Earn 5% cash back on travel purchases through Chase Travel Center, including flights, hotels, and more
- 2% cash back at restaurants, gas stations and select streaming services
- All other purchases earn 1% cash back
New cardholders also automatically receive one year of free Instacart+ and $100 in Instacart points upon approval. (Membership automatically renews and terms apply.).
How to Redeem Instacart Mastercard Rewards
this Instacart Mastercard® There are several ways to redeem the rewards you earn.
Get cash back
The most direct way to use your cash back is to redeem it for statement credit or deposit directly into your bank account. There is no minimum reward balance required to redeem cash back.
Pay for Instacart orders with cash back
You can also use cash back rewards to pay for some or all of the purchases you make in the Instacart app or on Instacart.com. Again, there are no minimum requirements to redeem cash back via this method.
Redeem travel expenses
You can also use cash back points to book travel through Chase. You can choose from flights, hotels, cruises, car rentals and more.
extra benefits
In addition to cash back rewards, Instacart Mastercard® Has many additional benefits:
- World Elite® Concierge Services: This free concierge service is available to you 24/7.
- Car Rental Collision Damage Waiver: Most cars come with secondary rental coverage when you decline the rental company’s collision coverage and put the entire rental cost on your card.
- Purchase protection: New purchases are covered against damage or theft for 120 days, up to $500 per claim and $50,000 per account.
- Extended warranty protection: For qualified warranties of three years or less, extend the U.S. manufacturer’s warranty by one year.
- Baggage delay insurance: If your baggage is delayed for more than six hours, you can be reimbursed for essential purchases up to $100 per day for three days.
- Compensation for lost luggage: If you or an immediate family member checks or carries luggage that is damaged or lost by the carrier, you may receive up to $3,000 per passenger.
- Roadside Assistance: If you experience a roadside emergency, assistance will be dispatched and the roadside service fee will be charged to your card.
- Travel accident insurance: When you use your card to pay for plane, bus, train or cruise transportation, you’re eligible for up to $500,000 in accidental death or dismemberment coverage.
- Travel and emergency assistance services: If needed, please contact the Benefits Administrator for legal and medical referrals or other travel and emergency assistance. Please remember that you will be responsible for the cost of any goods or services obtained.
Is the Instacart Mastercard right for you?
this Instacart Mastercard® It makes the most sense for people who frequently do their grocery shopping through Instacart, as many of the top perks are designed for Instacart customers. The card also comes with a host of travel rewards and benefits, as well as substantial cash back on all other purchases. However, if you’re not interested in becoming a member, you may be able to find a different card outside of Instacart with higher spending rewards.
Credit cards similar to Instacart Mastercard
There are many cash back cards on the market, so it’s important to choose one that best suits your spending habits and preferences.before you commit Instacart Mastercard®consider these alternatives.
Bank of America® Customized Cash Rewards Credit Card and Instacart Mastercard
If you’re looking for a cash back card that rewards you for grocery purchases, you may want to consider the Bank of America Custom Cash Rewards Card. With this card, you can earn 3% cash back on selected categories (gas and electric vehicle charging stations, online shopping, dining, travel, etc.) and 2% on purchases at grocery stores and wholesale clubs Cash back, and 1% cash back on other purchases.The reward rate for groceries is lower than Instacart Mastercard®, but you’re not limited to shopping through Instacart and paying these additional fees. However, total spending incentives are capped at $2,500 per quarter for the 2% and 3% categories. There is no annual fee for the customized Cash Rewards Card.
DoorDash Rewards Mastercard® vs. Instacart Mastercard
If you often pay for food delivery but prefer takeout to groceries, the DoorDash Rewards Mastercard might be a good fit for you. Cardholders can earn 4% cash back on DoorDash and Caviar orders, 3% cash back on direct dining at restaurants, 2% cash back on grocery purchases, and 1% on all other purchases. Cashback. Plus, it comes with a free DashPass membership (a $96 value) if you spend at least $10,000 on the card each year. This card also has no annual fee.
frequently asked questions
What is the Instacart Mastercard used for?
The Instacart Mastercard® can be used for all types of everyday purchases, as long as Mastercard is accepted.
Which bank issues the Instacart Mastercard?
The Instacart Mastercard® is issued by Chase Bank.
Can I use my Instacart card to pay for gas?
Yes, you can pay for gas with your Instacart Mastercard® and get 2% cash back at the pump.
Please note that card details are accurate as of the date of publication but may be changed by the card issuer at any time. Please contact your card issuer to verify rates, fees and offers before applying.
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