Chase, Instacart and Mastercard Partner to Launch Credit Card
19 Janeiro 2022 - 11:47AM
Dow Jones News
By Michael Dabaie
Chase, the U.S. consumer and commercial banking business of J.P.
Morgan Chase & Co., and online grocery platform Instacart said
they expanded their existing partnership to make Chase the
exclusive issuer of Instacart's first credit card.
As a part of the partnership, Mastercard Inc. will become the
exclusive payments network for the new offering.
The Instacart Mastercard credit card, expected to launch in
2022, will be the first Chase co-branded card offering in the
on-demand grocery delivery space, the companies said.
The new co-branded card expands the current relationship between
Chase and Instacart. Since June 2020, the companies have worked
together to provide limited-time Instacart offers and savings to
existing Chase card members.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 19, 2022 09:32 ET (14:32 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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