The ad will air during the 61st Grammy Awards on Sunday (Feb. 10).
The new commercial continues the brand's More Than Okay campaign, and features a cameo from drag queen Monét X Change.
The advertisement kicks off in a retro-styled diner, as a waitress hits a customer with the all-too-familiar "is Pepsi okay?" question. Cardi butts in, "Did you just ask if Pepsi's okurrr?" The flabbergasted waitress gives her a puzzled look. "Of course Pepsi is okurrr."