Instacart launches credit card with Chase
Credit card issuer Chase and online grocery platform Instacart announced on Wednesday (January 19th) an extension of their partnership with Instacart’s first credit card, with Chase as the exclusive issuer and Mastercard as the payment network. exclusive for the new offer.
The new Instacart Mastercard credit card is billed as “the first Chase co-branded card offering in the on-demand grocery delivery space,” according to the announcement. The card “will allow consumers to earn accelerated points on purchases from the Instacart marketplace,” featuring more than 700 national, regional and local grocers and retailers.
“With the new Instacart credit card, we’ll be able to offer even more ways for customers to save when 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,” Instacart COO Asha Sharma said in the announcement.
The Instacart Mastercard is expected to be available in 2022, with several benefits, perks, and savings included for members. Chase and Instacart have been working together since June 2020 to bring Instacart deals and savings to Chase cardholders. Limited-time offers include free Instacart Express membership and $10 off orders of $35 or more through April 30.
Noting that consumer habits have changed with the increased availability of digital services, Ed Olebe, President of Chase Co-Brand Cards, said the company was “excited to introduce a new category of co-branded cards for Chase” thanks to its partnership with Instacart.
The new Instacart Mastercard is a World Elite Mastercard, which means cardholders will have access to the benefits of the World Elite Mastercard, including free 24/7 concierge service and access to Mastercard Priceless Experiences .
“Our lives are more digital than ever, from how we shop to how we work, travel and connect, and consumer expectations about their experiences with brands are changing,” said Sherri Haymond, executive vice president, Digital partnerships at Mastercard. “It’s critical that we design and deliver the best payment and loyalty experiences for our cardholders, no matter where and how they pay. »
Related: Instacart aims to buy DoorDash with meal delivery launch
Earlier this month, Instacart launched its Ready Meals Hub, with prepared meals from a number of grocery brands owned by Ahold Delhaize and Kroger already available as “economical alternatives to restaurant takeout”.