PURCHASE, N.Y.—Chase and Instacart, a leading online grocery platform in North America, have expanded their existing partnership to make Chase the exclusive issuer of Instacart’s first credit card, Chase and Mastercard announced.
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 Instacart 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, the joint statement said.
“Giving people access to the food they love and essentials they need is central to everything we do at Instacart,” said Asha Sharma, Chief Operating Officer, 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.”
“The adoption of more convenient digital services has accelerated, and consumers’ habits have clearly evolved,” said Ed Olebe, president of Chase Co-Brand Cards. “We are excited to introduce a new category of co-branded cards for Chase through this partnership with Instacart, a true leader in the grocery delivery space.”
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