Business & Investment

Instacart, DoorDash Plan to Launch Credit Cards: WSJ By Reuters

© Reuters. The DoorDash courier is a photo of the day of the IPO.

(Reuters)-US grocery delivery app Instacart Inc and food delivery company DoorDash Inc are planning to launch their own credit cards, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

Both companies have seen spikes in orders over the past few months as consumers hesitate to escape during the COVID-19 pandemic and bring their mobile phones to the front door to deliver important items. I am witnessing.

According to the report, JP Morgan Chase and Company (NYSE :) has issued Instacart cards to partner with DoorDash, which has been offered by more than 10 major banks. Is also bidding.

Instacart credit cards aren’t expected to go on sale until next year, and cardholders are likely to get a 5% cashback on purchase, sources told the journal.

According to a document reviewed by the newspaper, DoorDash is also looking for partner restaurants and stores to offer cardholders accelerated rewards, promotional offers and discounts.

The shipping company declined to comment on this report.

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Instacart, DoorDash Plan to Launch Credit Cards: WSJ By Reuters Instacart, DoorDash Plan to Launch Credit Cards: WSJ By Reuters

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