Chase
Instacart Mastercard®
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | $50 Instacart credit |
| Rewards Rate | 1%-5% Cash Back |
| Regular APR | 18.24Min. of (6.75+11.49) and 29.99%–27.74Min. of (6.75+20.99) and 29.99% variable APR. |
| Network | Mastercard |
About this card
The Instacart Mastercard is a solid and appealing card, particularly for its target audience of frequent Instacart users who pay their balances in full. It earns a 'Good' rating of 3.7, balancing its exceptional fee structure and strong targeted rewards against a notable weakness in its APR.The card truly shines in its fee structure, earning a perfect 5.0. The absence of an annual fee and no foreign transaction fees are major advantages, making it cost-effective for everyday use and international travel. The rewards program, rated at 3.9, is very strong for its niche, offering an impressive 5% cash back on Instacart purchases (up to a cap) and 5% on Chase Travel, along with 2% on common categories like dining, gas, and streaming. These high rates, coupled with flexible redemption options, provide substantial value to the right user. The issuer's reputation (Chase) also adds to its credibility.However, the primary drawback is the APR, rated at a fair 2.5. The variable APR, ranging from 18.24% to 27.74%, is relatively high, and the complete lack of an introductory APR means users face these rates immediately. This significantly diminishes the card's overall value for anyone who frequently carries a balance, as interest charges could quickly negate any cash back earned. Additionally, the $50 Instacart credit sign-up bonus is modest and restricted compared to what many competitors offer.In summary, for heavy Instacart users who are diligent about paying their statements in full, this card offers excellent value and substantial savings. For those who might carry a balance, the high APR makes it a less attractive option, preventing it from reaching an 'Excellent' overall rating despite its strong points.
Pros & Cons
What's great
- No annual fee
- High rewards rate
- Cashback on purchases
- Sign-up bonus
- No foreign transaction fees
Things to consider
- High regular APR
- Limited high rewards categories
What this card offers
Sign-up bonuses
- Get a $50 Instacart credit automatically upon approval
Rewards
- 5% Cash Back on qualifying Instacart.com and Instacart app purchases on your first $6,000 spent annually, from more than 1,500 retail brands and 80,000+ stores across 14,000+ cities in North America.
- 5% Cash Back on Chase Travel purchases, including flights, hotels and more.
- 2% Cash Back at restaurants, including orders on Instacart powered by Uber Eats, gas stations, and on select streaming services.
- 1% cash back on all other purchases.
Other features
- Redeem your rewards, your way
- Cash back Choose to receive a direct deposit or a statement credit. There's no minimum to redeem.
- Travel Book your next flight, hotel, car rental, and more.
- Pay with Points Use your cash back rewards to pay for all or part of your purchase in the Instacart app or on instacart.com (excludes restaurant orders on Instacart powered by Uber Eats).
- You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
- Contactless - Just Tap To Pay
- For fast, easy and secure checkout simply tap to pay where you see the Contactless symbol. For more information, please see www.chase.com/contactless.
- Chase Pay Over Time lets eligible Chase customers break up credit card purchases into budget friendly payments.
- Pay off an eligible purchase you've already made of $100 or more in smaller, equal monthly payments. No Interest- just a fixed monthly fee with plan durations that range from 3-24 months. Start a plan by selecting an eligible purchase with the "Pay Over Time" option next to the transaction amount in your credit card activity.
- Keep in mind: Even though you may have an eligible card, access to Chase Pay Over Time is not guaranteed. Your ability to create a Chase Pay Over Time plan is based on a variety of factors, such as your creditworthiness, credit limit and account behavior, and may change from time to time.
Additional Notes
Instacart Mastercard credit cards are issued by JPMorgan Chase Bank, N.A. Member FDIC.