As expected, Chase and Instacart team up to launch the new Instacart World Elite Mastercard with no annual fee and 5% back at Instacart.
Limited-time offer: The first 10,000 to get the card before 8/4/22 will get a $200 Instacart credit
After that the offer will change to a $100 Instacart credit
Plus get 1 free year of Instacart+ (this auto-renews)
5% Cash back on Instacart app and Instacart.com purchases
5% Cash back on travel purchased through the Chase Travel Center, including flights, hotels and more
2% Cash back at restaurants, gas stations, and on select streaming services
1% Cash back on all other purchases Choose to receive a direct deposit or a statement credit. There’s no minimum to redeem.
Coming Soon: Use your cash back rewards to pay for all or part of purchase in the Instacart app or on Instacart.com. Other Details
No annual fee
Mastercard World Elite benefits
Baggage Delay Insurance for delays of over 6 hours. Up $100 a day for 3 days.
Extended Warranty Protection for an additional year.
Purchase Protection for up to $500 per claim against damage or theft within 120 days of purchase.
Lost Luggage Reimbursement, up to $3,000 per passenger.
Auto Rental Collision Damage Waiver (secondary).
The $200 Instacart credit with no spend requirement is nice, just remember you are using up a 5/24 spot. Instacart+ costs $99/year and adds a nice value. Some of us recently got a free year of Instacart+ from the Sapphire Reserve cardwhich makes that benefit not so useful at the moment.
Beyond the initial bonus, the main interesting thing is 5% back on Instacart purchases which is useful for heavy Instacart shoppers. It’s on par with the 5% Amazon and 5% Target REDcard offerings.