Mastercard Announces New Partnerships with DoorDash and HelloFresh, While Expanding Those with Fandango, Lyft, and ShopRunner to Enhance Offerings for Cardholders

Rhea-AI Summary

Mastercard is enhancing value for World and World Elite credit cardholders through new partnerships and expanded benefits. Online sales surged by 54.7% in February compared to 2020, prompting Mastercard to launch offers with DoorDash and HelloFresh for on-demand access to meals and groceries. Starting April 1, cardholders can earn rewards for online spending while accessing benefits, including a free DashPass trial and discounts on rides with Lyft. These initiatives aim to provide cardholders with enhanced security and convenience amid growing digital spending trends.

Positive

• Online sales increased 54.7% in February compared to 2020, boosting Mastercard's growth potential.
• New partnerships with DoorDash and HelloFresh enhance customer value with exclusive discounts and rewards.
• Free DashPass for new members provides significant savings on food delivery, appealing to cardholders.
• Expanded benefits with Lyft, Fandango, and ShopRunner promote customer retention and engagement.
• Ongoing enhancements in security and digital features for cardholders strengthen Mastercard's competitive position.

Negative

• None.

As online sales continue their upward trajectory, Mastercard is announcing new and expanded partnerships to drive further value for World and World Elite consumer credit cardholders. According to Mastercard Spending Pulse, which measures in-store and online retail sales across all forms of payment, online sales grew 54.7% in February compared to 2020. New partnerships with DoorDash and HelloFresh deliver on consumers’ desire for on-demand access to the best local restaurant meals, household grocery and convenience items, and fresh meal kit delivery. Meanwhile, expanded and optimized partnerships with Fandango, Lyft, and ShopRunner help ensure cardholders are advantaged with savings at home or on the go when frequenting these online service providers.

“As consumers, we’re shopping and spending more digitally than we ever have before and these new behaviors are here to stay,” said Chiro Aikat, EVP Product and Innovation in North America for Mastercard. “At Mastercard, we remain committed to ensuring that our cardholders get the highest value from their everyday spend by continuing to deliver offers with the merchants and categories with which they’re spending most frequently.”

Starting April 1^st World and World Elite Mastercard consumer credit cardholders can start to earn rewards for their everyday online spend, while also continuing to benefit from the protection of enhanced security features and added digital and experiential benefits. Specifically, the updated offering includes:

• DoorDash: World and World Elite cardholders who are new to DashPass, DoorDash’s subscription program offering members unlimited free delivery fees and reduced service fees from thousands of restaurants, grocery and convenience stores on orders over $12, will get a free 3-month membership¹*; while all DashPass members, new and existing, will automatically get a $5 discount on their first two orders each month²* when paying with a World or World Elite card.
• HelloFresh: World and World Elite cardholders will get 5% back on each HelloFresh purchase that can be used towards future HelloFresh orders. In addition, new customers receive a discount off their first few orders.
• Lyft: World and World Elite cardholders will automatically receive a $5 credit for every three rides taken in a calendar month. The credit will be automatically applied to the next ride, capped at once per month.
• Fandango: World Elite cardholders will now receive a $5 Fandango reward for future Fandango purchases for every $20 spent on digital movie rentals as well as movie ticket purchases.
• ShopRunner: World and World Elite cardholders are provided free ShopRunner membership, valued at $79 per year, which provides free 2-day shipping and free returns from over 100+ retailers.
• Priceless Experiences: All consumer credit cardholders will gain access to more robust online at home and away program enabling exclusive access to experiences across consumers passions.
• Mastercard ID Theft Protection™: All consumer credit cardholders will continue to have access to Mastercard ID Theft Protection™ to monitor their personal information and credentials. Additionally, cardholders can access a team of identity theft resolution specialists, available 24/7 year-round to help resolve cardholders’ identity theft incidents.

“We’re excited to partner with Mastercard to empower their cardholders to affordably and conveniently access the best in their communities with DashPass,” said Usman Cheema, Director of Global Corporate Partnerships for DoorDash. “As expectations for convenience continue to rise, this partnership will further expand Mastercard cardholders’ rewards as we grow our subscription service to offer even more benefits across categories including restaurants, grocery and convenience stores, and retail.”

“We’re thrilled to work with Mastercard to provide World Elite cardholders even more flexibility and options to redeem their entertainment rewards,” said Jason Davis, SVP, Fandango Rewards. “Our expanded program enables cardholders to use their reward in the comfort of their home in the form of Fandango movie rentals or movie ticket purchases, as more theaters are opening up across the country just in time for summer movie season. Mastercard is helping folks take a much-needed entertainment break.”

“HelloFresh is committed to providing consumers with an affordable and delicious home cooking experience. Through our partnership with Mastercard, we are pleased to offer our customers and cardholders even greater value to their weekly meal kit subscription.” said Andreas Sossong, Vice President, Strategic Projects at HelloFresh US.

Additionally, through September 2021 Instacart customers who are not currently Instacart Express members will be eligible to receive two free months of an Instacart Express membership (valued at $20) when signing up for an auto-renewing Instacart Express annual membership ($99 per year) and enabling an eligible Mastercard card as their default payment method for the annual membership on Instacart.

For additional information and the full terms and conditions associated with these offerings, cardholders can visit www.mastercard.com/world and www.mastercard.com/worldelite or call 1-800-MASTERCARD

About Mastercard

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

www.mastercard.com

About DoorDash

DoorDash is a technology company that connects consumers with their favorite local and national businesses in more than 4,000 cities and all 50 states across the United States, Canada, and Australia. Founded in 2013, DoorDash enables local businesses to address consumers’ expectations of ease and immediacy and thrive in today’s convenience economy. By building the last-mile logistics infrastructure for local commerce, DoorDash is bringing communities closer, one doorstep at a time.

^1*DashPass Trial: Free three-month trial applicable for eligible Mastercard World and World Elite cardholders for 90 days from the day on which it is initiated. Offer valid from April 1, 2021-September 30, 2022 or while supplies last. This offer may be amended or canceled at any time without notice. AFTER DASHPASS TRIAL PERIOD ENDS, YOU WILL AUTOMATICALLY BE CHARGED $9.99/MONTH, PLUS ANY APPLICABLE FEES. SEE FULL DASHPASS TERMS AND CONDITIONS HERE: www.doordash.com/terms.To cancel go to "Manage DashPass'' in your DoorDash account and select "End Subscription." DashPass order benefits are only applicable on orders with a minimum subtotal of $12 or above, excluding alcohol, taxes, and fees. Other fees (including service fee), taxes, and gratuity still apply.

^2*$5 Off First Two Deliveries: Valid on first two orders every month for eligible Mastercard World and World Elite Limit DashPass subscribers. From April 1, 2021-September 30, 2022 or while supplies last. This offer may be amended or canceled at any time without notice. If the full $5 value is not used on a single order, the remaining value will be forfeited. Not valid for the purchase of alcohol. Fees, taxes, and gratuity still apply.

*All orders subject to availability. Must have or create a valid DoorDash account with a valid form of accepted payment on file. No cash value. Non-transferable. The Terms & Conditions related to the usage of mobile wallets, like Apple Pay or Google Pay, can be found at www.doordash.com/mastercard. Click the following link for additional DoorDash Promotional Terms and Conditions: help.doordash.com/consumers/s/article/offer-terms-conditions. In the event of a direct conflict between these DoorDash x Mastercard World and World Elite Offer Disclosures ("Offer Disclosures") and the DoorDash Promotional Code(s) Terms and Conditions, these Offer Disclosures apply.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210401005243/en/

FAQ

What are the new benefits for Mastercard World and World Elite cardholders starting April 1?

Starting April 1, Mastercard World and World Elite cardholders can earn rewards on online spending and access benefits like free DashPass, discounts from HelloFresh, and credits on rides with Lyft.

How much did online sales grow according to Mastercard Spending Pulse?

Mastercard Spending Pulse reported that online sales grew by 54.7% in February compared to 2020.

What is the partnership benefit between Mastercard and DoorDash?

Cardholders can receive a free three-month DashPass membership and discounts on orders when using their Mastercard.

What rewards do Mastercard cardholders get with HelloFresh?

Mastercard cardholders receive 5% back on HelloFresh purchases and discounts on their first orders.

What additional security features are offered to Mastercard cardholders?

All Mastercard cardholders have access to Mastercard ID Theft Protection for monitoring personal information and identity theft resolution assistance.