Mastercard Announces Instacart and Peacock Rewards Partnership
Mastercard has announced its partnership for a new set of consumer spending rewards including Instacart and Peacock.
According to a recent Mastercard survey, 85 percent of American consumers have said they own a rewards credit card, with 95 percent of people noting that redeemable rewards and points are the major deciding factor when choosing a credit card.
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Mastercard noted that these reward benefits “strategically impact areas where consumers frequently spend.” These benefits add to the existing Mastercard credit cardholder benefits such as rideshare, shopping and travel with partnerships such as Lyft, ShopRunner and more.
World Mastercard and World Elite Mastercard eligible credit cardholders who are new to Instacart+ will receive a free two-month trial and $10 off their second eligible Instacart purchase each month. Furthermore, cardholders will be eligible to receive no delivery fees on orders, reduced service fees and credit back on eligible pickup orders.
“This new embedded benefit builds on Instacart and Mastercard’s strong partnership, which includes powering shopper credit cards and co-branding our consumer credit card,” said Heather Rivera, vice president of corporate development strategy and partnerships at Instacart. “Instacart has become an indispensable service for millions of customers across North America and we’re excited for cardholders to experience the ease and convenience of shopping with Instacart. And with an Instacart+ membership, cardholders will save both time and money through member-only perks.”
Additionally, World Mastercard and World Elite Mastercard eligible credit cardholders new to Peacock Premium will receive a $3 statement credit on Peacock Premium monthly streaming subscriptions. Furthermore, all eligible World Elite Mastercard cardholders will receive a $5 statement credit on Peacock Premium+ monthly streaming subscriptions.
Cardholders will have access to the Mastercard Priceless Experiences such as NBC Universal’s studios and parks across the country, BravoCon and more.
“Now more than ever, consumers are looking for benefits and savings that meet their everyday needs,” said Seema Chibber, executive vice president of credit at Mastercard North America. “By adding on-demand grocery delivery and streaming services to our existing suite of card benefits, we remain committed to providing cardholders a combination of benefits that provide meaningful value and enhance the lifestyles they have built.”
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