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David L. Ryan/The Boston Globe/Getty Images July 22, 2022 Aja McClanahan is an author, blogger and speaker on personal finance and entrepreneurship. Aja is the author of "How a Mother Should Talk About Money with Her Daughter." Claire Dickey is a product editor for Bankrate, and . Before joining Bankrate, Claire worked as a copywriter for brands within the telecommunications industry as well as a hybrid marketing and content writer. Bankrate logo The Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Chase has partnered with online grocery delivery service Instacart to create a new co-branded credit card, the Chase Instacart Mastercard. This much-anticipated card offers rewards on Instacart purchases with over 800 retailers nationwide, along with cash back on dining purchases, gas stations, select streaming services and travel through the Chase Travel Center. In addition to more opportunities to earn rewards, the card offers flexible redemption options, including cash back in the form of a direct deposit or statement credit and travel through Chase. Further, the card automatically features a complimentary Instacart+ membership for one year and an Instacart credit of $200 or $100. Chase Instacart Mastercard card highlights
Rewards rate: 5 percent cash back on Instacart purchases; 5 percent back on Chase Travel Center purchases; 2 percent back at gas stations, restaurants and on select streaming services; 1 percent back on all other purchases Welcome offer: Free Instacart+ membership for one year; $200 Instacart credit for the first the 10,000 approved cardmembers, after which approved cardmembers earn a $100 Instacart credit Annual fee: $0 Regular APR: 17.99 percent to 26.74 percent variable APR Chase Instacart Mastercard benefits and perks
In addition to a generous rewards structure and welcome offer, the Chase Instacart Mastercard comes with a considerable slate of perks that boosts the overall value of the card: World Elite , including 24/7 concierge service and exclusive offers from brands and online shopping No Purchase and extended warranty protection Baggage delay insurance Lost luggage reimbursement Roadside assistance Auto rental collision damage waiver Travel accident insurance Travel and emergency assistance services Should I get the Chase Instacart Mastercard
Of course, this will all boil down to your spending habits. If you plan to use Instacart or already use it regularly, there’s plenty of upside to having this card. You’ll earn a higher rate of rewards on your grocery spend, score a free Instacart+ membership for a full year and have the flexibility to redeem your rewards for cash back in the form of a statement credit or direct deposit, with Chase Travel Center purchases and, coming this fall, credits toward part or all of your Instacart orders. When you pit this card against a travel credit card like the , you’ll find similar rewards rates and card perks (for a $95 annual fee). Although you get a notably higher welcome bonus with the Sapphire Preferred, you’ll earn more rewards on Instacart purchases with the Instacart Mastercard (5 percent versus 3X points on eligible delivery services with the Preferred ). Another likely comparison in the Chase card family is one or more of the Freedom cards. Both the and have no annual fee and offer rewards in common categories, like dining (including eligible delivery services), drugstore purchases and Chase Travel Center purchases. These cards, however, don’t offer rewards on gas station purchases — and the Instacart Mastercard offers a higher 5 percent rate on delivery services, though specifically with Instacart, of course. It’s also worth noting that you can use Instacart to order from hundreds of retailers that include brands like Best Buy, PetSmart, Staples, Walgreens, Lowe’s, Dick’s Sporting Goods, Bath & Body Works and more. This means you can earn 5 percent back on things like electronics, beauty products and even sports gear. In other words, this card provides a convenient catch-all method to boost your rewards in spending categories that may not be covered with other . The bottom line
The Chase Instacart Mastercard provides more than a few good reasons to continue using, or transition to using, online grocery delivery services like Instacart. The rewards rate, welcome offer, extra card perks and lack of an annual fee mean that you can save more time, and now money, on the convenience of . We think both new and existing Instacart users can get plenty of value from the Chase Instacart Mastercard if they use it enough for groceries and other categories. SHARE: Aja McClanahan is an author, blogger and speaker on personal finance and entrepreneurship. Aja is the author of "How a Mother Should Talk About Money with Her Daughter." Claire Dickey is a product editor for Bankrate, and . Before joining Bankrate, Claire worked as a copywriter for brands within the telecommunications industry as well as a hybrid marketing and content writer. Related Articles