Banking News

Chase, DoorDash and Mastercard Announce Partnership to Launch Credit Card

Chase, DoorDash and Mastercard Announce Partnership to Launch Credit Card

DoorDash Rewards Mastercard will provide cardmembers opportunities to save and earn rewards on purchases both on and off the DoorDash platform

Chase, the largest co-brand card issuer in the U.S., and DoorDash, the local commerce platform, announced plans to launch the first-ever DoorDash credit card, with Mastercard as the exclusive payments network for the new card. The DoorDash Rewards Mastercard will allow cardmembers to unlock benefits and earn rewards on purchases both on and off the DoorDash platform.

Latest Fintech Insights : Goldman Sachs Asset Management and Cleanhill Partners Acquire Majority Stake in EPC Power Corp.

“The new card is designed for those who love the convenience and options DoorDash provides and want to earn more where they are spending, whether ordering from the broad range of categories available on DoorDash or spending in-person at a favorite neighborhood store.”

“Connecting people with the best of their neighborhoods is core to our mission, and we’re excited to unlock even more of that value for customers with this first-of-its-kind credit card,” said Usman Cheema, Senior Director of Global Partnerships at DoorDash. “We are thrilled to deepen our relationship with Chase and continue building more everyday shoppable moments for consumers on and off the platform, while empowering the local communities we serve.”

“Chase and DoorDash have worked together since 2020 and we’re excited to provide exclusive benefits through their first-ever credit card,” said Ed Olebe, President of Chase Co-Brand Cards. “The new card is designed for those who love the convenience and options DoorDash provides and want to earn more where they are spending, whether ordering from the broad range of categories available on DoorDash or spending in-person at a favorite neighborhood store.”

Read More About Fintech News : Modern Treasury and Goldman Sachs Partner to Provide Integrated Software and Payments to Corporate Customers

“Mastercard recognizes that today, people are seeking out financial products, technology and benefits that add more value to their everyday lives,” said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard. “Chase and DoorDash share in this vision, and we’re delighted to extend our relationship to deliver a credit offering that meaningfully connects people to the businesses around them, while also providing a one-of-a-kind payments experience.”

The DoorDash Rewards Mastercard is a World Elite Mastercard® and will offer customers rewards and perks to provide even more value, selection and convenience, including complimentary 24/7 concierge service and access to Mastercard Priceless® Experiences.

The new co-branded card expands the current relationship between all three parties. Since January 2020, Chase and DoorDash have worked together to offer a range of complimentary DashPass membership perks to Sapphire®, Freedom®, and Slate® cardmembers in addition to most Chase co-brand cardmembers. DashPass is the industry-leading membership program that more consumers are using to unlock the best of their neighborhood delivered for less on DoorDash. Mastercard and DoorDash first introduced card benefits together in April of 2021.

Browse The Complete News About Fintech : Counterpart Launches AI-Powered Crime Coverage For Small Businesses Backed by Aspen Insurance

[To share your insights with us, please write to sghosh@martechseries.com] 

Related posts

Global Blue Introduces Financial Guidance and Long-term Targets

Business Wire

Adyen’s 2020 Retail Report Reveals American’s Shopping Habits and Post-Pandemic Outlook

Fintech News Desk

Hey Utah, It’s Time to Go Contactless

Fintech News Desk
1