Instacart Mastercard Review: Full Details
Instacart Mastercard Overview
The Instacart Mastercard® earns more than just Instacart purchases and offers more benefits than usual for a card with no annual fee. However, its bonus categories require purchases in specific ways so it may not appeal to everyone. These restrictions are unlikely to convince people who aren’t already loyal to Instacart to get a card. Card Rating*: ⭐⭐½
*Card review based on the opinions of the TPG editorial board and not influenced by the card issuer.
The popularity of grocery and meal delivery services has exploded in the past few years. Following this trend, Instacart Mastercard debut in mid-2022 as the first credit card for grocery delivery fans.
This card offers higher earning rates than Instacart purchases and more benefits than no-annual-fee cards typically offer. That said, it’s not ideal for everyone, due to Instacart’s limitations and earning opportunities on other credit cards.
Is Instacart Mastercard card that is right for you? Let’s look at it in detail to find out.
Information about Instacart Mastercard has been independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Pros and cons of Instacart Mastercard
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Instacart Mastercard welcome offer
New applicants for the Instacart Mastercard can receive a $50 Instacart credit once the account is approved. Not available spending requirements to unlock this bonus offer.
Offer terms state that a $50 credit must be applied to your Instacart account immediately upon approval for the Instacart Mastercard; however, the terms also state that loss is possible up to 10 days to receive credit.
Additionally, you can’t get this bonus if you’ve earned rewards on this card in the last 24 months – this hasn’t been an issue for too many people yet since this is a relatively new card.
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The $50 account credit from the welcome offer can be applied to any Instacart purchase but cannot be used to pay taxes, tips, gift cards, prescriptions, delivery fees or fees other services.
Previously, we saw a free year of Instacart+ offered along with a $50 welcome discount. It’s unclear whether that welcome offer will return, but most consumers in this card’s target demographic likely already have Instacart+.
Since Chase issues this card, it is likely to be affected by 24/5 rule and others exclusive to Chase credit card registration regulations.
Benefits of Instacart Mastercard
The Instacart Mastercard is one World’s elite Mastercard; This offers benefits like 24/7 concierge service and Priceless Mastercard experiences.
You will also enjoy the following perks:
- Baggage delay insurance: Offers rebates of up to $100 per day for up to three days after a delay of six hours or more
- Extended warranty protection: Add another 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 for up to $500 per claim and up to $50,000 per account
- Return of lost baggage: Provides up to USD 3,000 reimbursement per passenger for checked and carry-on baggage
- Travel and emergency support services: Coordinate services on your behalf, even though you will pay for these services
- Travel accident insurance: Provides up to $500,000 in coverage for accidental death or disability
- Roadside assistance: Provides dispatch services on a pay-per-use basis
- Exemption from damage caused by car rental collision: Rental car insurance is provided when you pay the full rental price with your car; coverage is secondary in the US but primary elsewhere
- Visit Chasing incentives
- ARE NOT foreign transaction fees
Related: The most valuable benefits of World Elite Mastercard
Earn cash back on Instacart Mastercard
With the Instacart Mastercard, you’ll earn bonus points that you can use as cash – worth 1 cent each. These earnings are sometimes called points, Instacart points, or cash back rewards — all of these terms mean the same thing.
Cardholders earn 5% cash back on Instacart.com and Instacart mobile app purchases, including membership and subscription fees. You won’t earn 5% cash back on returns restaurant orders made through Instacart.
You’ll also earn 5% back on travel bookings made through Chase Travel℠.
You’ll also earn 2% back at gas station and dining (including restaurants, takeout and qualified delivery services) and pick up streaming service. Finally, you will earn 1% back for buy other products.
Rewards points and cashback do not expire as long as your account remains open and in good standing.
Redeem cash back on Instacart Mastercard
You can use your earnings to pay for all or part of your purchases in the Instacart app or on Instacart.com. Additionally, you can redeem your points in the following ways, most of which offer a value of 1 cent per point:
- Deposit money directly into your bank account
- Credit statement
- Pay for internal travel Chasing travel
There is no minimum redemption amount, although the redemption value may vary depending on how you use your rewards. Pay attention to these to ensure you get solid value.
Related: 3 reasons why you’ll want a cash back credit card in your wallet
What cards compete with the Instacart Mastercard?
The Instacart Mastercard is the first unique credit card from a grocery delivery brand. However, that doesn’t mean it doesn’t have any competition:
- If you want the same benefits but different types of income: the Chasing Freedom Flex® There’s also no annual fee and earn 5% back on Chase Travel purchases. You’ll earn 5% back on rotating categories quarterly (up to $1,500 in combined purchases each quarter you activate), 3% back at restaurants (including takeout and delivery eligible), 3% back at pharmacies and 1% back on other services. purchase. You’ll enjoy the same benefits of the World Elite Mastercard. To learn more, check out our full range Chase Freedom Flex review.
- If you want the same perks but with Amazon instead: There is no annual fee Premium Visa now offers 10% or more off rotating selections of items and categories on Amazon.com, 5% back on Amazon, Amazon Fresh and Whole Foods orders, and Chase Travel purchases for those with a Prime membership, which includes grocery delivery from Amazon Fresh and Whole Foods. You’ll also get 2% back at restaurants, gas stations, local transportation and travel, and get 1% back on other purchases. To learn more, check out our full range Prime Visa card review.
- If you want to get valuable rewards for online grocery shopping: the Chase Sapphire Preferred® Card has a $95 annual fee and earn 3 points per dollar on online grocery purchases (excluding Walmart, Target and wholesale clubs) as well as online shopping and dining. To learn more, check out our full range Chase Sapphire Preferred review.
For more options, see our full list of Best grocery credit cards And Best Chase credit cards.
Related: Why I chose the Chase Sapphire Preferred as my next credit card
Is the Instacart Mastercard worth it?
If you’re a dedicated Instacart fan, this tag might make sense. However, if you are not brand loyal, you are better off buying another credit card for points or cash back. online grocery service. Instacart is also not available everywhere in the US. Before signing up, do your research Delivery options in your area.
Bottom line
The Instacart Mastercard has many benefits for Instacart fans and those who want a card without the annual fee. Its monetization portfolio extends beyond grocery delivery but may not impact those who aren’t already brand loyal.
If you order using Instacart, remember that you can get extra rewards and discounts when you shop with Instacart. Click through to the Rakuten shopping portal to earn 1%-3% cash back (or 1-3 American Express Membership Rewards points) on your shopping. Then use an Instacart promo code to save money at checkout.
Related: Best credit cards for online grocery delivery services
