How Does LendingTree Get Paid?
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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Instacart Mastercard® Review

Instacart Mastercard®

Instacart Mastercard® Review

Sign-Up Bonus
Get a free year of Instacart+ and a $100 Instacart credit automatically upon approval. Membership auto-renews. Terms apply.
Rewards Rate
Earn 5% cash back on Instacart app and Instacart.com purchases, and on travel purchased through the Chase Travel Center. Earn 2% cash back at restaurants, gas stations and on select streaming services. Earn 1% cash back on all other purchases.
Annual Fee
$0
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Instacart Mastercard® best for?

If you enjoy the convenience of having your groceries delivered on a regular basis, you may want to consider a credit card that offers rewards on those purchases — like the recently launched Instacart Mastercard® from Chase.

Along with a generous cash back rate on purchases you make in the Instacart app and on Instacart.com, the card offers an Instacart credit and a complimentary one-year Instacart+ membership upon approval. Just know, the annual membership will automatically renew after the first year — but you can cancel anytime.

We highlight the pros and cons of the Instacart Mastercard®, and show how it compares to other credit cards that offer cash back on groceries.

Instacart Mastercard® overview

    • Get a free year of Instacart+ and a $100 Instacart credit automatically upon approval. Membership auto-renews. Terms apply.
    • Earn 5% cash back on Instacart app and Instacart.com purchases
    • Earn 5% cash back on travel purchased through the Chase Travel Center, including flights, hotels and more
    • Earn 2% cash back at restaurants, gas stations and on select streaming services
    • Earn 1% cash back on all other purchases
    • No annual card fee
  • Credit needed:
    660 850
    Excellent/Good
  • Free delivery on all purchases over $35
  • Ability to share Instacart benefits with family members
  • 5% back on eligible pickup orders
  • $0 foreign transaction fees
  • Tap and pay technology

Intro Purchase APR

N/A

Regular Purchase APR

17.24% - 25.99% Variable

Intro BT APR

N/A

Regular BT APR

17.24% - 25.99% Variable

Annual Fee

$0

Cash Advance Fee

Either $10 or 5% of the amount of each transaction, whichever is greater.

Foreign Transaction Fee

$0

Balance Transfer Fee

Either $5 or 5% of the amount of each transfer, whichever is greater.

Pros and cons of the Instacart Mastercard®

Pros

  • Cash back rewards
  • Free one-year Instacart+ membership
  • $0 annual fee

Cons

  • Instacart+ membership fee after first year
  • No elevated rewards on grocery purchases made in-store
  • No intro APR

What we like about the Instacart Mastercard®

  • Cash back rewards

    Instacart Mastercard® cardholders earn 5% cash back on Instacart app and Instacart.com purchases, and on travel purchased through the Chase Travel Center. Earn 2% cash back at restaurants, gas stations and on select streaming services. Earn 1% cash back on all other purchases.

    Rewards can be redeemed for direct deposits, statement credits and travel. You can also use rewards to pay for all or part of your purchases in the Instacart app or on Instacart.com.

  • Free first-year Instacart membership

    Get a free year of Instacart+ and a $100 Instacart credit automatically upon approval. Membership auto-renews. Terms apply.

    Instacart+ membership includes free delivery for orders over $35, lower service fees, 5% back on eligible pickup orders and the ability to add family members to your membership.

  • Annual fee

    The Instacart Mastercard® charges a $0 annual fee.

What to watch out for with the Instacart Mastercard®

  • Instacart+ membership fee after first year

    After a year, your Instacart+ membership will automatically renew into an annual membership for $99 per year. Note, however, that you can cancel your membership at anytime.

  • Grocery purchases made in-store do not earn higher rate

    If you use your Instacart Mastercard® to make purchases inside of grocery stores, you’ll only earn 1% cash back on those purchases.

    That said, the Instacart Mastercard® does offer 5% back on eligible pickup orders.

  • No intro APR on purchases

    If you carry a balance on your Instacart Mastercard® month over month, you’ll be subject to interest charges at an APR of 17.24% - 25.99% variable .

    Therefore, if you plan to finance large purchases and pay them off over time, you may be better off with a card that offers a 0% intro APR for a year or longer.

Alternative rewards card to the Instacart Mastercard®

Compare it to the Blue Cash Preferred® Card from American Express

| Disclosures
Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
on American Express's secure site
Terms Apply
0% on purchases for 12 months
16.99%-27.99% Variable
$95
6% Cash Back at U.S. supermarkets on up to $6,000 per year
  • Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 16.99%-27.99%.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 Plan It fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a fixed monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Thinking about getting The Disney Bundle which includes Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $13.99 or more each month on an eligible subscription with your Blue Cash Preferred Card. Enrollment required.
  • $95 Annual Fee.
  • Terms Apply.
720 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

If you want the opportunity to earn a generous rewards rate on groceries purchased through the Instacart app as well as inside U.S. supermarkets, the Blue Cash Preferred® Card from American Express is a great alternative.

The card offers 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. Cash back is earned in the form of Rewards Dollars, which can be redeemed for statement credits when your available balance reaches 25 Rewards Dollars or more.

The Blue Cash Preferred® Card from American Express also lets new card members earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

Unlike the Instacart Mastercard®, the Blue Cash Preferred® Card from American Express comes with an intro APR of 0% on purchases for 12 months. After that, a 16.99%-27.99% Variable APR applies. This is ideal if you need to finance a large purchase and pay it off over time (though we do recommend paying your credit card balance in full each month).

Just be aware, the Blue Cash Preferred® Card from American Express charges an annual fee of $95 and caps the elevated cash back rate at U.S. supermarkets to the first $6,000 spent annually. Still, if you max out that amount, you can earn $360 cash back on those purchases alone each year.

You should also know that the following merchants are not included in the U.S. supermarket category — and, therefore, only earn the 1% cash back rate: specialty food stores, small corner grocery stores, gourmet shops, online superstores (like Amazon), warehouse clubs and meal-kit delivery services.

To see rates & fees for Blue Cash Preferred® Card from American Express please click here.

Compare similar grocery rewards credit cards

Comparison of four different credit cards
Instacart Mastercard® Blue Cash Preferred<sup>®</sup> Card from American Express Blue Cash Everyday<sup>®</sup> Card from American Express Discover it<sup>®</sup> Cash Back
Instacart Mastercard® Blue Cash Preferred® Card from American Express Blue Cash Everyday® Card from American Express Discover it® Cash Back
Apply Now
on Chase's secure site
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on Discover's secure site
Welcome Offer
Get a free year of Instacart+ and a $100 Instacart credit automatically upon approval. Membership auto-renews. Terms apply. Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Rewards Rate
Earn 5% cash back on Instacart app and Instacart.com purchases, and on travel purchased through the Chase Travel Center. Earn 2% cash back at restaurants, gas stations and on select streaming services. Earn 1% cash back on all other purchases. 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%. 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%. 1% cash back on other purchases. Terms apply. 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically
Annual Fee
$0 $95 $0 $0
Intro Purchase APR
N/A 0% on purchases for 12 months 0% on purchases for 15 months 0% Intro APR for 15 months
Regular APR
17.24% - 25.99% Variable 16.99%-27.99% Variable 16.99%-27.99% Variable 14.24% - 25.24% Variable APR
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
Instacart Mastercard® Blue Cash Preferred® Card from American Express Blue Cash Everyday® Card from American Express Discover it® Cash Back

Is the Instacart Mastercard® right for you?

If you regularly shop for groceries using the Instacart app, the Instacart Mastercard® provides a great opportunity to earn a generous cash back rate on those purchases, as well as an Instacart credit and a free Instacart+ membership the first year.

But if you want more flexibility on where you can earn your grocery rewards, the Blue Cash Preferred® Card from American Express may be a better fit. Along with a high cash back rate at U.S. supermarkets (which includes groceries purchased through the Instacart app), the card offers elevated rewards on select U.S. streaming subscriptions, at U.S. gas stations and on transit. The card does, however, charge a $95 annual fee.

And if you want to earn cash back on U.S. supermarket purchases, but don’t want to commit to paying an annual fee, you may want to consider the Blue Cash Everyday® Card from American Express. The charges a $0 annual fee and offers 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%. 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%. 1% cash back on other purchases. Terms apply.

To see rates & fees for Blue Cash Preferred® Card from American Express please click here.

To see rates & fees for Blue Cash Everyday® Card from American Express please click here.

Apply Now
on Chase's secure site