Mastercard Enhances Cardholder Benefits with On-Demand Shopping and Streaming Services
Mastercard, a global technology company in the payments industry, is expanding its cardholder benefits by introducing on-demand access to online shopping and grocery delivery with Instacart, as well as its first streaming service subscription offering with Peacock. These new benefits aim to provide added value to Mastercard cardholders, particularly in areas where they frequently spend their money.
With the rising cost of everyday necessities like groceries and gas, access to rewards and benefits becomes increasingly important. Mastercard recognizes this need and is committed to providing valuable benefits that enhance the lifestyles of its cardholders. By partnering with Instacart, a leading online grocery delivery service, Mastercard is offering its cardholders access to Instacart’s membership program, Instacart+, along with monthly savings. This benefit provides a cost-effective solution for cardholders who rely on online grocery shopping.
In addition to grocery delivery, Mastercard is also introducing a streaming service subscription offering with Peacock. With over three-quarters of the U.S. population enjoying digital streaming services, this partnership allows Mastercard cardholders to access Peacock’s premium streaming platform at a discounted rate. Cardholders can enjoy exclusive content such as NFL games, highly anticipated movies like “Five Nights at Freddy’s,” and original shows like “The Continental” and “Apples Never Fall.”
Seema Chibber, EVP of Credit, North America, Mastercard, highlighted the importance of providing benefits and savings that meet consumers’ everyday needs. The partnership with Instacart and Peacock adds to Mastercard’s existing suite of card benefits, which already includes offerings in rideshare, shopping, and travel. These benefits aim to provide meaningful value and enhance the lifestyles of cardholders.
Heather Rivera, Vice President of Strategy, Corporate Development, and Partnerships at Instacart, expressed excitement about the partnership with Mastercard. She emphasized that Instacart has become an indispensable service for millions of customers, and cardholders can now experience the ease and convenience of shopping with Instacart. With an Instacart+ membership, cardholders can save both time and money through member-only perks.
Annie Luo, Executive Vice President, Global Partnerships and Strategic Development at Peacock, described the partnership as a natural fit for both brands. With upcoming exclusive content and popular shows, this collaboration introduces Peacock to Mastercard’s expansive customer base as its first streaming benefit.
Mastercard’s new benefits with Instacart and Peacock come at a time when rewards and points are a deciding factor for many consumers when choosing a credit card. Recent polling shows that 85% of American consumers own a rewards credit card, and 95% consider redeemable rewards and points important. These new benefits add to the $60 billion+ in rewards and benefits that Mastercard offers to U.S. cardholders through its consumer credit card rewards products.
Mastercard is dedicated to understanding and investing in the evolving needs of small businesses as well. The company provides tailored benefits that enhance daily operations, protect against fraud and cyber-attacks, help digitize businesses, and deliver significant savings. Small business credit card benefits equip entrepreneurs with tools to thrive and grow, including access to over $10 billion in rewards and benefits.
As a global technology company, Mastercard’s mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere. With connections across more than 210 countries and territories, Mastercard is building a sustainable world that unlocks priceless possibilities for all.
For more information and the full terms and conditions associated with Mastercard’s consumer rewards credit cards and small business credit cards, cardholders can visit the Mastercard website or contact 1-800-MASTERCARD.
About Mastercard:
Mastercard is a global technology company in the payments industry. Its mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere. Through secure data and networks, partnerships, and innovation, Mastercard helps individuals, financial institutions, governments, and businesses realize their greatest potential.
Source: Business Wire