Chase DoorDash Rewards Mastercard Review 2024

Chase DoorDash Rewards Mastercard Review 2024: The DoorDash Rewards Mastercard may be a sensible choice for individuals who regularly utilize DoorDash services but may not offer competitive advantages in other scenarios.

We believe that the DoorDash Rewards Mastercard® is a practical choice for those who frequently utilize DoorDash services. However, it may not offer significant value for occasional DoorDash users, as its earning potential is more favorable for frequent users. To determine if this card suits your needs, explore our comprehensive DoorDash Rewards Mastercard credit card review.

Key takeaways

If you frequently utilize DoorDash, we suggest considering the DoorDash Rewards Mastercard. However, if you’re not a frequent DoorDash user, there might be better card options available.

Key features of the DoorDash Rewards Mastercard include:

• No annual fee and no foreign transaction fees.
• While there are no introductory APR offers, you can benefit from a complimentary year of DashPass upon opening your account if you apply and get approved.

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Who should get the DoorDash Rewards Mastercard?

The DoorDash Rewards Mastercard credit card is a practical choice for individuals who frequently rely on DoorDash for their takeout delivery needs, rather than opting for in-store shopping trips or dining out at restaurants.

With this card, you can earn cash back rewards as follows:

• 4% cash back on DoorDash and Caviar orders, covering purchases from restaurants, groceries, pet supplies, and more.
• 3% cash back on dining directly purchased from a restaurant.
• 2% cash back on grocery store purchases, whether online or in-person.
• 1% cash back on all other purchases.

The most lucrative bonus category is the 4% cash back on DoorDash and Caviar orders, offering substantial earning potential compared to cards with lower cash back rates.

While other bonus categories may be matched or surpassed by several other credit cards, if your lifestyle involves frequent DoorDash orders for food delivery, groceries, or other essentials, the DoorDash Rewards Mastercard could be an excellent fit for you.

DoorDash Rewards Mastercard Credit Card basics

Card type	Cash back
Credit card issuer	Chase
Credit card network	Mastercard
Annual fee	$0
Welcome offer	Get a free year of DashPass ($96 value) upon approval
Reward rate	4% cash back on DoorDash and Caviar orders (including restaurants, groceries, pet supplies, and more); 3% cash back on dining purchased directly from a restaurant; 2% cash back on purchases from grocery stores (online or in person); and 1% cash back on all other purchases
Recommended credit score	Excellent, Good
Foreign transaction fee	None

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Why we like the DoorDash Rewards Mastercard Credit Card: benefits and perks

Here are the key features and benefits of the DoorDash Rewards Mastercard:

• Generous welcome offer: Enjoy a complimentary year of DashPass ($96 value) upon approval.
• Earning potential: Earn cash back rewards as follows:
• 4% cash back on DoorDash and Caviar orders (including restaurants, groceries, pet supplies, and more).
• 3% cash back on dining directly purchased from a restaurant.
• 2% cash back on purchases from grocery stores (online or in person).
• 1% cash back on all other purchases.
• $0 annual fee: There is no annual fee associated with this card.
• Complimentary DashPass membership: New cardholders receive a free year of DashPass upon account opening, providing $0 delivery fees and reduced service fees on orders.
• DashPass anniversary bonus: Earn a complimentary year of DashPass for each anniversary year you spend $10,000 on your card.
• World Elite Mastercard benefits: Enjoy additional perks such as $5 off your first DoorDash order each month, a $5 Lyft credit after taking three Lyft rides in one calendar month, and a $5 Fandango Reward after spending $20 on eligible Fandango purchases.
• Purchase protection: Coverage for eligible new purchases against damage or theft for up to 120 days, with limits of $500 per claim and $50,000 per card account.
• Auto rental collision damage waiver: Secondary car rental insurance on eligible rentals if you decline the company’s collision insurance and use your card for the entire purchase.
• Trip cancellation/interruption insurance: Coverage of up to $1,500 per person and $6,000 per trip for eligible expenses in covered situations.
• No foreign transaction fees: Avoid foreign transaction fees when traveling abroad or making purchases from foreign companies.

What we don’t like about this card: drawbacks

Here are some key points about the DoorDash Rewards Mastercard:

• No introductory APR offers: This card does not offer any introductory APR deals on purchases or balance transfers. If you’re interested in cards with these offers, consider exploring the best 0% intro APR credit cards available.
• Geared towards DoorDash users: The primary rewards and benefits of this card are tailored towards DoorDash users, which may not be suitable for everyone. Many of the top rewards credit cards offer comparable or superior earning potential outside of the DoorDash ecosystem.

Earning and redeeming DoorDash Rewards Mastercard Credit Card rewards

Potential earnings in years one and two

Let’s examine how your rewards can accumulate with the DoorDash Rewards Mastercard Credit Card. To calculate these estimates, we’ve used a point valuation of 1 cent per point.

Please keep in mind that these figures are approximate and may vary based on your spending habits and the categories in which you spend.

Year One Earnings: $524

Year Two Earnings: $524

These estimations are derived from the FinanceBuzz Credit Card Rewards Valuation Model, which considers points earned through spending, the welcome offer, and the annual fee. It’s important to note that these values do not account for the potential 4% cash back earnings from DoorDash and Caviar orders (including restaurants, groceries, pet supplies, and more).

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Best ways to earn

Category	Rewards rate
DoorDash and Caviar orders (including restaurants, groceries, pet supplies, and more)	4%
Dining purchased directly from a restaurant	3%
Purchases from grocery stores (online or in person)	2%
All other purchases	1%

Maximizing your rewards with the DoorDash Rewards Mastercard involves using it frequently for your everyday purchases. By doing so, you can ensure that you earn rewards on all eligible transactions.

Furthermore, it’s beneficial to utilize your DoorDash Rewards Mastercard for purchases that align with its bonus categories. This strategy is particularly advantageous if you possess multiple rewards credit cards and aim to optimize your earning potential by selecting the card that offers the highest return for each purchase.

For instance, the DoorDash Rewards credit card provides 4% cash back on DoorDash and Caviar orders (encompassing restaurants, groceries, pet supplies, and more). Given that most other cash back credit cards don’t match this rewards rate for these specific purchases, utilizing your DoorDash Mastercard is likely the most lucrative option in such scenarios.

Maximizing your redemptions

The DoorDash Rewards Mastercard offers various redemption options, including:

• DoorDash and Caviar orders
• Statement credits
• Direct deposits into your checking or savings accounts
• Gift cards

Cashback rewards are earned in points, each valued at 1 cent ($0.01). All redemption options provide the same value per point, so there’s no method to optimize your redemptions by selecting a “better” option.

However, you may discover that utilizing your bonus points for cashback redemptions, such as statement credits or direct deposits, offers the most flexibility with your rewards. Cash can be used for a wide range of expenses, unlike gift cards or DoorDash/Caviar orders, which have more limited utility.

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Frequently asked questions (FAQs)