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Chase and DoorDash have launched a new co-branded credit card, the DoorDash Rewards Mastercard®, that offers up to 4% cashback on DoorDash orders and discounts for new cardholders. Here are the new credit card details to help you determine if it's a good fit for your needs.

What is the DoorDash Rewards Mastercard®?

The DoorDash Rewards Mastercard® is a no-annual-fee credit card specifically tailored to frequent DoorDash customers. The card offers a welcome bonus of $100 bonus cash after spending $500 in the first three months and a free year of DashPass. It also provides decent travel and purchase protections, including car rental insurance, trip interruption/cancellation insurance, and extended warranty.

Quick Tip

Chase and DoorDash have been partnered up for a while now and if you’re a current Chase credit card user you likely have access to their DashPass perk through DoorDash. Check if your Chase card applies.

What are the benefits of the DoorDash Rewards Mastercard®?

DoorDash app

DoorDash

  • Earn 4% cash back on DoorDash and Caviar orders
  • 3% cash back on dining when purchased directly from a restaurant, online, or in-store
  • 2% cash back at grocery stores, online or in-store
  • 1% cash back on all other purchases
  • $25 off the first two shipping orders of $100 or more through December 31, 2023
  • 10% off one convenience, grocery, alcohol, or DashMart order every month through August 31, 2023
  • Monthly $5 credit toward your first DoorDash order each month as an eligible DashPass member through September 30, 2023
  • Complimentary DashPass membership for the first year (worth $96)
  • Secondary car rental insurance, trip cancellation/interruption insurance, purchase protection, and extended warranty
  • No foreign transaction fees

Is the DoorDash Rewards Mastercard® for you?

The DoorDash Rewards Mastercard® is designed for heavy DoorDash users who want to earn generous rewards and discounts on their DoorDash orders. However, the earning rates outside of DoorDash purchases are not that unique. If you don't use DoorDash often, there are other cash-back credit cards that will serve you just as well, if not better.

Alternatives to the DoorDash Rewards Mastercard®

Chase Sapphire Preferred®

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Secure application on issuer’s website

  • Our Rating 5/5 How our ratings work Read the review
  • APR21.49% - 28.49% (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: $1,380 (60,000 Chase Ultimate Rewards Points * 0.023 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

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 Ultimate Rewards 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

Instacart Mastercard®

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Secure application on issuer’s website

  • Our Rating 4/5 How our ratings work Read the review
  • APR20.24% - 28.99% (Variable)
  • Annual Fee$0
  • Sign Up Bonus $100Cash Bonus More Info

    Earn a $100 Instacart credit, as well as a one-year membership upgrade to Instacart+ immediately upon approval

If the pandemic made you realize you never want to step foot in a grocery store again, we understand—and so does Instacart. The Instacart Mastercard® Credit Card is a good option to consider for people who often use Instacart delivery services and want to keep a no-annual-fee card in their wallets for everyday use.

Overview

Instacart lovers can not only save time and gas to trips to the grocery store, but they can now save big with an impressive 5% cash back rate and exclusive Instacart benefits on the card.

Pros

  • Simple earning structure and straightforward ways to redeem
  • No annual fee
  • Includes World Elite Mastercard benefits
  • No foreign transaction fees

Cons

  • Not a great fit for consumers who don’t use Instacart

Final Thoughts

The DoorDash Rewards Mastercard® offers significant rewards and benefits for frequent DoorDash customers. However, it may not be the best option for everyone, especially if you don't use DoorDash frequently. Before applying for any credit card, compare your options based on your average spending. 

As always here’s a friendly reminder for the best credit card practices to follow:

  • Pay your bill each month to avoid interest charges or late fees
  • Make payments on time
  • Only spend what you can afford to pay
AB

Ashlyn Brooks

Ashlyn Brooks is a financial writer and former civil engineer. She's on a mission to show others how to save and spend smarter through purposeful money habits. Her work has been featured on Investor.com, HerMoney.com, MoneyGeek and QuickBooks