About Instacart Mastercard
Instacart Mastercard is a cash back credit card that Chase made in partnership with an American delivery company Instacart. The card is a convenient tool to collect cash back while making regular grocery purchases. There is no annual fee, and Instacart Mastercard allows cardholders to add authorized users.
Cash back varies between1%-5%. Also, customers get access to classy concierge services and can redeem their earned points anytime without complying with any requirements. This shopping reward card provides reasonable terms to make purchases domestically and abroad since there is no foreign transaction fee.
Instacart Mastercard Credit Card features
New Instacart Mastercard cardholders automatically get a $100 Instacart credit. In addition, according to the tariffs, there is no foreign transaction fee or annual fee for the card service.
Cardholders get premium services like the World Elite concierge service available 24/7.
Cash back rates vary from 1% to 5%:
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The highest reward is granted by the partners: Instacart and Chase Travel Center.
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Travel bookings bring a 5% cash back reward.
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Spending at restaurants, gas stations, and streaming services is rewarded with 2% cash back.
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All other purchases have a 1% cash back ratio.
Instacart Mastercard supports e-wallets of Google Pay, Samsung Pay, and Apple Pay and supports Pay wave technology. The cardholder can choose a convenient payment type and feel secure because Chase provides purchase protection from theft and damage.
Purchase and Balance transfer APR are the same and make 18.74%-27.49%. Cash advance transactions are a bit more expensive, with a 28.74% APR. The higher the applicant's credit score, the lower the interest rate.
A physical card is not needed if the payments are made online or through a convenient mobile app available anywhere in the world. For example, the Chase mobile app allows you to see current outstanding balances, due dates for installments, the status of earned rewards, and options for redeeming collected cash back.
Pros and cons
The Instacart Mastercard has multiple advantages, but the main ones are the following:
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no foreign transaction fees;
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up to 5% cash back;
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no annual fee;
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World elite concierge service;
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no minimal requirement for redeeming earned bonuses;
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purchase protection.
Instacart Mastercard is a convenient card with multiple perks, but it is worth mentioning that it does have a few drawbacks:
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Late payment penalty APR and a late $40 late payment fee;
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no promo 0% APR period.
How to apply for an Instacart Mastercard Credit Card
New customers can sign up to Chase or sign in to their existing accounts. One has to provide online basic personal information:
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first and last name;
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middle name;
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contact details;
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date of birth;
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address type (domestic or military);
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valid address of residence;
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e-mail address;
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social security number (SSN);
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mother’s maiden name.