[Expired] Chase Instacart Mastercard $300 Signup Bonus Credit (No Spend Required)

Deal has ended, view more Chase Instacart deals by clicking here.

The Offer

Direct link to offer

• Signup for the Chase Instacart credit card and get a $300 Instacart credit instantly upon approval. Offer ends February 27, 2023.

Important note: the fine print mentions the possibility of Chase sending out a 1099 for the $300 income. “The value of this offer or program may result in miscellaneous income received from Chase and we may be required to send you, and file with the IRS, a Form 1099-MISC (Miscellaneous Income) or Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding) for the year in which you participate and are awarded the benefits of the offer/program.”

 

Card Rewards

• Card Rewards:
  • 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

• No annual fee
• No foreign transaction fees
• See our full review in this post

Our Verdict

This card launched in July 2022 with a $200 bonus, then went down to $100. It’s now up to $300, highest ever. I’m not seeing the free year of Instacart+ offer showing anymore, let me know if I’m missing it. (Some people will have a free year of Instacart+ from the Sapphire Reserve card.)

It’s rare to see a $300 signup bonus with no spend requirement; just remember you are using up a 5/24 spot. Beyond the initial bonus, the main interesting thing is 5% back on Instacart purchases which is useful for heavy Instacart shoppers and is on par with the 5% Amazon and 5% Target REDcard offerings. We’ll add this to our list of Best Current Credit Card Signup bonuses. 

Hat tip to reader Anuj