Chase and Instacart Are Launching a New Credit Card With Big Grocery Rewards in 2022

Frequent users of Instacart can score bonus points on their grocery deliveries and pickups.

Instacart is one of the most popular grocery delivery services, and it just announced that its first credit card on the way. The Instacart Mastercard® credit card will be a cobranded card offered with Chase.

This isn't the first time Chase and Instacart have worked together. They started a partnership last year that allowed cardholders of eligible Chase credit cards to get a free Instacart Express membership for a limited time.

If you shop with Instacart often, then this credit card could save you money. Here are the current details on what this card will offer.

What we know about the Instacart credit card

The short version -- not much. Chase and Instacart have provided very little information on the Instacart Mastercard® credit card. According to the press release, the card will earn accelerated points on purchases made through the Instacart marketplace. That makes sense, since it's an Instacart credit card.

It will be a World Elite Mastercard® and offer cardholders the complimentary benefits that come with this type of Mastercard. Those benefits include 24/7 concierge service and access to Mastercard Priceless® Experiences.

This card will launch sometime in 2022 and will reportedly offer a number of other unspecified credit card perks. Although we don't have any more details, we can speculate on what the card will be like:

• There's a good chance it won't charge an annual fee. When companies want to break into the credit card marketplace, they usually start with no annual fee credit cards.
• It could offer an Instacart Express membership. This seems like a natural choice for a complimentary extra to bring in new cardholders.
• You'll probably be able to redeem your points for spending credits on Instacart. Cash back might also be an option.

Again, these are just predictions based on what we've seen from other cobranded credit cards. There's always the possibility that Chase and Instacart do something different.

You don't need to wait to earn bonus grocery rewards

It's worth keeping an eye out for the Instacart Mastercard® credit card if you're a big fan of the service. The card could have enough features to make it worth your while.

However, there are quite a few credit cards that offer bonus rewards on groceries already. Instacart purchases are usually classified as groceries, so with one of these cards, you can earn more on your Instacart orders and your trips to the supermarket.

If groceries are one of your big monthly expenses, check out the best grocery credit cards. Several of them earn 3% or more back on grocery purchases, and these are cards you can apply for right now. The Instacart Mastercard® credit card may be competitive with these cards once it launches, but for now, there are great options you can get without waiting.

RELATED: See The Ascent's list of the best Chase credit cards