New Chase Instacart Card
Instacart and Chase launched last week the new Instacart Mastercard credit card, with Mastercard as the exclusive payments network. With this first-ever credit card from Instacart, cardmembers can earn unlimited cash back with a range of redemption options, along with additional rewards and benefits.
The card offers rewards both on and off the Instacart platform, plus there’s free access to Instacart+ for a year, which enables cardholders to save even more with perks like no delivery fees on orders over a certain size, reduced service fees, and credit back on eligible Pickup orders.
There’s also a signup bonus of $200 if you are one of the first 10,000 applicants. Let’s see all the details of this new card.
The Offer
- Limited-time offer: The first 10,000 to get the card before 8/4/22 will get a $200 Instacart credit (after that the offer will change to a $100 Instacart credit)
- Plus 1 free year of Instacart+ (membership that will auto-renew into an annual membership for $99/yr )
- No Annual Fee
- Offer Link
Card Highlights
- Earn:
- 5% cash back on Instacart purchases made at more than 800 national, regional, and local retail brands from more than 70,000 stores across more than 5,500 cities
- 5% cash back on travel purchased through the Chase Travel Center
- 2% cash back on restaurants, gas stations, and select streaming services
- 1% cash back on all other purchases
- Redeem points for:
- Cash back
- Travel
- Pay with points (coming soon)
Conclusion
This card could be worth it if you often shop through Instacart. You get about $300 in value in the first year with Instacart+ and the signup bonus (assuming you are one of the first 10,000 people to apply). You will also earn 5% cash back on Instacart purchases going forward.
But for most people I think this card will not be worthwhile, and definitely not worth wasting an application if you’re under Chase 5/24.
Anyone planning on applying? Let us know in the comments!
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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
