Select Chase Cardholders Now Earn Statement Credits on Instacart Purchases

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Who's ready for dinner? We have good news for fans of grocery delivery services: Chase is offering bonus Instacart statement credits for certain Chase Sapphire^Ⓡ, Chase Freedom^Ⓡ, and Chase Slate^Ⓡ, card customers. 

As of Aug. 1, 2022, eligible Chase cardholders can receive up to $15 per month in automatic statement credits for Instacart purchases after activating their Instacart+ membership at www.instacart.com/chase. 

These monthly or quarterly statement credits are an additional benefit on top of the complimentary months of Instacart+ membership currently offered for select cardholders, and are not limited to targeted customers only. 

Instacart+ membership normally costs $9.99 per month or $99 per year, and includes free delivery on orders over $35, reduced Instacart service fees on more than 750 grocery and retail partners nationwide, credit back on eligible pickup orders, and other exclusive benefits. 

Here is the full list of Instacart benefits Chase is offering on each eligible credit card product, including the existing Instacart+ subscription perk:

Eligible Chase Cards

Chase Sapphire Reserve®

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Secure application on issuer’s website

• Our Rating 4.5/5 How our ratings work
• APR21.74% - 28.74% (Variable)
• Annual Fee$550
• Sign-Up Bonus 60,000Chase Ultimate Rewards Points More Info

  Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠. Dollar Equivalent: $1,320 (60,000 Chase Ultimate Rewards Points * 0.022 base)

This card features an annual credit for travel purchases, which can offset the annual fee, plus bonus points when you sign up. You'll also get free access to tons of Priority Pass lounges and restaurant options around the world, along with access to the Chase Sapphire Lounge network.

• Overview
• Pros & Cons

Overview

If you’re looking to elevate your travel experience, look no further than the Chase Sapphire Reserve. When you first get approved, you’ll earn a generous sign-up bonus that can be used for travel-related spending booked through Chase Travel℠. Transfer the points to one of Chase’s airline or hotel partners and they’re potentially worth even more.

Pros

• An array of premium travel perks including access to Priority Pass lounges
• Easy-to-use $300 travel credit that helps offset card's annual fee
• Generous rewards rates for spending

Cons

• High annual fee may be a deterrent for some
• Perks are starting to get stale relative to newer competition

• 12 months of free Instacart+ membership upon activation of perk
• Up to $15/month in statement credits on Instacart.com purchases with active Instacart+ membership (annual savings of $180)

Chase Sapphire Preferred®

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Secure application on issuer’s website

• Our Rating 5/5 How our ratings work
• APR20.99% - 27.99% (Variable)
• Annual Fee$95
• Sign Up Bonus 60,000Chase Ultimate Rewards Points More Info

  Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Dollar Equivalent: $1,320 (60,000 Chase Ultimate Rewards Points * 0.022 base)

The Chase Sapphire Preferred Card is one of the gold standards for earning travel rewards. It has a generous sign-up bonus and you can earn points on travel and dining expenses. The card does have an annual fee, but you can continue earning points through bonus categories and an anniversary points boost.

• Overview
• Pros & Cons

Overview

The Chase Sapphire Preferred is pretty flexible as it lets you transfer rewards points into miles or points several airlines and hotel programs. You can take advantage of strong transfer partners such as United, Southwest, Singapore Airlines, Virgin Atlantic and Hyatt. Similarly, you can book any reservation you want through the Chase Travel℠ portal. Although the card might not be ideal for the most frequent travelers, it has a built-in upgrade path, so when it’s time to level up your travel rewards game, you won’t have to start from scratch.

Pros

• Points are easily transferable to airlines and hotel partners
• Accelerated earnings on dining, travel & household purchases
• Excellent travel and purchase protections
• No foreign transaction fees

Cons

• Not ideal for the highest spenders
• $95 annual fee

• 6 months of free Instacart+ membership upon activation of perk
• Up to $15/quarter in statement credits on Instacart.com purchases with active Instacart+ membership (annual savings of $60)

Chase Freedom Flex℠

This product is currently not available via Slickdeals. All information about this product was collected by Slickdeals and has not been reviewed by the issuer.

• Our Rating 4.5/5 How our ratings work
• APR19.99% - 28.74% (Variable)
• Annual Fee$0
• Sign-Up Bonus $200Cash Bonus More Info

  Receive a $200 bonus after you spend $500 in the first three months.

The Chase Freedom Flex card expands on the already lucrative Chase Freedom card. The Freedom Flex also gives cardholders access to Chase Ultimate Rewards, which is arguably the most versatile rewards platform, and you’ll get plenty of redemption options at good rates. Plus, if you have one of the program’s travel cards, you can transfer points from your Freedom Flex to your travel card account and get even more value and flexibility with how you redeem.

• Overview
• Pros & Cons

Overview

Getting more in cash back is a clear win for anyone who is considering the Freedom Flex card. This card is ideal for anyone who want to maximize cash-back rewards with the option to get more value with travel redemptions.

Pros

• Generous earnings on select rotating categories each quarter
• Cellphone and trip insurance coverage
• No annual fee
• Ability to convert rewards to transferable Ultimate Rewards points

Cons

• Can't transfer Chase points to travel partners unless paired with select products

• 3 months of free Instacart+ membership upon activation of perk
• Up to $10/quarter in statement credits on Instacart.com purchases with active Instacart+ membership (annual savings of $40)

Chase Slate® Credit Card

• 3 months of free Instacart+ membership upon activation of perk

It’s always nice to receive additional benefits on existing credit card products, and it looks like Chase’s growing partnership with Instacart is a win for everyone thus far. 

These perks are perfect for occasional Instacart customers who want to earn rewards for everyday spend on grocery and retail deliveries, but don’t want to sign up for a dedicated Instacart credit card. 

Customers must sign up for Instacart+ by July 31, 2024, in order to be eligible for the free months of membership and monthly or quarterly statement credits. Existing Instacart customers are also eligible to take advantage of the complimentary membership and statement credits, and can redeem this offer on each of their qualifying credit cards. 

Once your complimentary Instacart+ subscription expires, Instacart will automatically begin billing the membership fee directly to the credit card on file. So, if you hold multiple Chase cards that are eligible for the benefit, set a calendar alert to switch out the card on file with Instacart before your billing date kicks in. 

And if you don’t want to renew your subscription when your membership runs out, make sure to cancel before your first billing date rolls around if the benefits and savings from Instacart+ don’t outweigh the $9.99 monthly fee for you.