FinTech: Mastercard To Offer Benefits And Rewards To Subscribers Of Instacart And Peacock

October 6, 2023 | FinTech, News

“Now more than ever, consumers are looking for benefits and savings that meet their everyday needs.” – Seema Chibber, EVP of Credit, North America, Mastercard.

Mastercard (NYSE: MA) has unveiled strategic partnerships with Instacart (NASDAQ: CART) and Peacock, aiming to offer added value and convenience to their U.S. consumer credit cardholders. With the cost of essential goods like groceries and fuel steadily rising, access to Mastercard’s extensive rewards and benefits, totaling over $60 billion, has become increasingly important.

The collaboration with Instacart introduces on-demand online shopping and grocery delivery services. Cardholders can enjoy Instacart’s membership program, Instacart+, along with monthly savings. Benefits include waived delivery fees on larger orders, reduced service fees, and credits on eligible Pickup orders. Instacart’s vast selection spans from groceries to electronics, making it a one-stop shop for cardholders’ needs.

In a move to cater to the growing popularity of digital streaming services, Mastercard has partnered with Peacock, offering cardholders access to Peacock Premium and Premium+ subscriptions. World Mastercard holders new to Peacock Premium receive a $3 statement credit, while World Elite Mastercard holders enjoy a $5 statement credit. Additionally, cardholders gain access to exclusive experiences, including iconic NBCUniversal shows and studios, BravoCon, and more.

Eligible cardholders can now take advantage of these new offerings from Instacart and Peacock, providing substantial value on their everyday purchases.

Furthermore, Mastercard continues to support small businesses, offering tailored benefits to boost their operations, protect against cyber threats, and facilitate growth. Their U.S. Small Business Credit Cards provide access to over $10 billion in rewards and benefits, aiding in equipment purchases, inflation management, and overall business development.

Related Story:  Mastercard, and Careem Team Up To Boost Real Time Payments In the UAE

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