4 Exciting Perks of the Instacart Mastercard

Your grocery orders will get a lot cheaper with this new credit card.

If you do your grocery shopping from your phone, Instacart has released its first-ever credit card. The Instacart Mastercard® has several benefits designed to reward frequent users of the app, including a great cash back program. Here's a first look at its best perks.

1. Earn a free year of Instacart+ and a $100 Instacart credit

You earn this bonus automatically upon approval.

2. 5% cash back on Instacart purchases -- and more

The Instacart Mastercard^® is a cash back card, and you can redeem rewards for a statement credit or as a direct deposit to your bank account. Here's how much it earns:

• 5% cash back on Instacart app and Instacart.com purchases, and on travel purchased through the Chase Travel Center
• 2% cash back on restaurants, gas stations and on select streaming services
• 1% cash back on all other purchases

Getting 5% back with Instacart is clearly the best part. That's an excellent rate on groceries, so frequent Instacart shoppers will definitely benefit.

Want to see more options? Check out The Ascent's Best Grocery Credit Cards.

3. No annual fee or foreign transaction fee

There's no annual fee for the Instacart Mastercard^®. It's also great to see that the card doesn't charge a foreign transaction fee. Some no annual fee cards charge an extra fee, often 3%, on any international purchases.

Those who love to travel will still probably find that travel credit cards are a better fit. But if you just want a card you can use outside the country on occasion without any extra fees, the Instacart Mastercard^® will work.

4. Complimentary extra protections

This credit card has several complimentary coverages that kick in on eligible purchases. It offers:

• Auto rental collision damage waiver
• Purchase protection
• Extended warranty coverage
• Baggage delay reimbursement
• Lost luggage reimbursement
• Travel accident insurance

These are all things you hope you never have to use, but you'll be glad to have them if you do. You can learn more about how these protections work in the guide to benefits for the card.

With the features it offers, the Instacart Mastercard® measures up well to similar types of credit cards. If you use Instacart on a regular basis, it makes sense to get this card for the money it will save you.