[Expired] Chase Instacart Mastercard With $250 Bonus Credit (No Spend Req.); 5% Back On Instacart & Chase Travel

Update 11/18/23: Bonus increased to $250.

Update 10/2/23: Bonus now $150.

Update 5/16/23: Signup offer is now at $250 (Update 2/7/23: there’s a new signup bonus offer for $300 through 2/27/23. (Direct Link))

As expected, Chase and Instacart team up to launch the new Instacart World Elite Mastercard with no annual fee and 5% back at Instacart.

Signup Offer

Direct Card Link | Press Release | $250 link

• 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)

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
• 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
• No foreign transaction fees
• 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).
• This probably falls under the 5/24 rule, based on what we’re seeing thus far

Our Verdict

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 card which 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.

An interesting note: readers say that given the lack of spend requirement, the signup bonus might combine with other bonuses from Chase (e.g. credit card  referral bonuses) to reach the $600 for triggering a form 1099.