Chase and Instacart, an online grocery platform in North America, announced an expansion of their existing partnership to make Chase the exclusive issuer of Instacart's first credit card.  

As a part of this partnership, Mastercard will become the exclusive payments network for the new offering. 

The new Instacart Mastercard credit card will be the first Chase co-branded card offering in the on-demand grocery delivery space. The card will allow consumers to earn accelerated points on purchases across the Instacart marketplace, including more than 700 national, regional and local grocers and retailers. The card will launch in 2022 and offer several other benefits, perks and savings. 

"Giving people access to the food they love and essentials they need is central to everything we do at Instacart," says Asha Sharma, chief operating officer, Instacart. "With the new Instacart credit card, we'll be able to deliver even more ways for customers to save as they shop, and make Instacart the most affordable way for people across North America to get the food they want, from the retailers they love, delivered faster than ever before." 

"Our lives are more digital than ever, from how we shop to how we work, travel and connect," says Sherri Haymond, executive vice president, digital partnerships, Mastercard. "And consumers' expectations about their experiences with brands are changing. It's critical that we design and deliver the best payments and loyalty experiences for our cardholders, regardless of where or how they pay. The new Instacart Mastercard is a prime example of the evolution of digital payments– a card tailored to customers that earns relevant rewards as they live their lives. It's a powerful way for Instacart to engage new customers and enhance the experience for existing ones." 

Eligible cardmembers can sign up through Jan. 31.