3.5/5
Instacart Mastercard®
- Best for: Households that get groceries delivered through Instacart every week
- What Sets It Apart: 5% back on the first $6,000 a year of qualifying Instacart orders, Instacart+ membership fees included; 5% on Chase Travel
- Cost: $0 annual fee; 18.49% to 27.99% variable APR; no foreign transaction fee
- Features: $50 Instacart credit on approval; 2% at gas stations, restaurants, and select streaming services; 1% on everything else; cash back as a statement credit, deposit, or Instacart payment with no minimum
- Pros: Top rate on Instacart orders; no annual fee; no foreign transaction fee
- Cons: 1% on groceries bought in the store; 5% ends after $6,000 a year; no free Instacart+ membership in Chase’s current offer
Chase issues the card, and most of its value comes from that 5% Instacart rate. Other purchases earn 1% or 2%, apart from Chase Travel bookings at 5%, so it works best as a second card used for Instacart orders.
Key Features
- No annual fee and no foreign transaction fee
- $50 Instacart credit on approval, which can take up to 10 days to appear
- 5% back on your first $6,000 a year of qualifying Instacart website and app purchases, then 1%
- 5% on Chase Travel bookings; 2% at gas stations, restaurants, and select streaming services; 1% on everything else
- 18.49% to 27.99% variable APR, the interest rate on balances you carry
Pros
- The 5% covers Instacart+ membership fees too
- Cash back as a statement credit, a deposit, or payment on Instacart orders, with no minimum
- 5% on flights, hotels, and other travel booked through Chase Travel
- Rewards don’t expire while the account is open
Cons
- Only 1% on groceries bought in the store
- The 5% stops at $6,000 of Instacart purchases until the count restarts after your December statement
- No free Instacart+ membership in Chase’s current offer
- The $50 credit can’t cover alcohol, prescriptions, fees, taxes, or tips
- Restaurant orders on Instacart, which run through Uber Eats, earn 2%, not 5%
A household that orders about $115 of groceries a week through Instacart, $6,000 a year, earns $300 at 5%, the most the cap allows and $180 more than a no-fee flat 2% card’s $120 on the same orders. For groceries bought in the store, the Capital One Savor pays 3% where this card pays 1%, also with no annual fee, though both pay 1% at superstores like Walmart and Target.
Learn more about the Instacart Mastercard® or see how it compares to the best credit cards for groceries.
Editorial & Advertiser Disclosure: The editorial content on this page is not provided, commissioned, reviewed, approved, or otherwise endorsed by any advertiser. Opinions expressed here are ours alone, not those of any advertiser. The offers that appear on this site are from companies that compensate us. That compensation may influence which products we cover and where and how they appear on a page – including the order in which they appear – but it does not influence our evaluations, ratings, or opinions. We do not include every company or offer available in the marketplace.
Related:
