Chase’s new DoorDash credit card offers up to 4% back

DoorDash Rewards Mastercard is now available to foodies. Chase has launched the $0-annual fee card. This offers rewards and savings on purchases at restaurants, grocery stores and convenience stores.

A menu of the card’s options is available here:

DoorDash Rewards Mastercard cards offer a variety of benefits, discounts, and credit card protections.

The card’s everyday reward categories include

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  Get 4% Cash Back on Caviar and DoorDash orders made by hundreds of thousands of merchants through the DoorDash platform.
  

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  When you order directly from a restaurant online or in-store, get 3% cashback
  

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  Get 2% Cash Back on Purchases Made Directly with Groceries (Online or In-Store).
  

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  Get 1% Cash Back on All Other Purchases
  

Cash-back rewards are redeemable for DoorDash and Caviar orders made through the app, statement credit or direct deposits to a bank account. Gift cards can also be used. As long as your account is open, rewards don’t expire.

You will receive a DashPass membership for free (worth $96), and a $100 cash bonus if you spend $500 within the first three months. DashPass memberships offer $0 delivery fees, lower service charges on eligible orders, 5% DoorDash credit back on pickup orders, as well as exclusive offers for members, including items and experiences.

You will be charged for your membership each time it renews, until you cancel it. The complimentary DashPass membership will be extended if you spend $10,000 each year with your card.

Offers:

• $25 Discount on your first two Nationwide Shipping Orders of $100 or More: You must use the card to place the eligible nationwide shipping order via DoorDash and Caviar. This offer is valid until Dec 31, 2023. These terms and conditions apply.

• 15% Discount on your first $35 order (up to $15 per month) This offer is valid until August 31, 2023. These terms and conditions apply.

• DoorDash members get $5 off their monthly order when they use the DashPass card. This deal is valid until Sept. 30, 2023. These terms and conditions apply.

• A $5 Lyft Credit: Get a $5 Lyft Credit after you take three rides within a calendar month, and pay with your card.

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The DoorDash Rewards Mastercard is a great option for those who are already regular users of Caviar and DoorDash. It can provide value back and help to offset some of the cost of using the delivery app. This is due in part to the card’s ongoing rewards rates. The introductory offers are more straightforward than other credit cards that offer restaurant rewards. The $100 cash bonus is available to anyone who spends less than $50.

Although the card offers a long list of limited-time discounts, it is still valuable in the short-term. However, the amount depends on when you apply. You could get up to $175 more value if you apply for the card by March 2023.

DoorDash users who are not professionals can do better. The card’s rewards will not outweigh any potential interest costs if you intend to carry a balance. The APR range, depending on creditworthiness, is between 19.49% to 28.24% as of the time this article was written. This card, like other rewards credit cards offers the best value if the balance is paid in full each month to avoid this cost.