North American grocery platform Instacart has teamed up with U.S. card issuer Chase to launch their very first credit card. As a part of this partnership, Mastercard will become the exclusive payments network for the new offering.
The new Instacart Mastercard credit card will be the first Chase co-branded card offering in the on-demand grocery delivery space. The card will allow consumers to earn accelerated points on purchases across the marketplace, which today includes more than 700 beloved national, regional and local grocers and retailers. The card is expected to launch in 2022 and will also offer a number of other benefits, perks and savings.
Giving people access to the food they love and essentials they need is central to everything we do at Instacart. With the new Instacart credit card, we’ll be able to deliver even more ways for customers to save as they shop, and make Instacart the most affordable way for people across North America to get the food they want, from the retailers they love, delivered faster than ever before.Asha Sharma, Chief Operating Officer, Instacart. “
The new co-branded card expands the current relationship between the platform and card issuer. Since June 2020, the companies have worked together to provide limited-time offers and savings to existing Chase cardmembers. Both companies are currently offering eligible Chase cardmembers a free Instacart Express membership and $10 off their next order of $35 or more, through April 30, 2022. Instacart Express membership provides unlimited free deliveries and reduced service fees on all orders $35 or more. More details on this limited time offer and full terms are available here. Eligible cardmembers can sign up through January 31, 2022.