I’m a big fan of using credit cards to save money. These days, most cards will offer some type of cashback or points in a variety of categories, so it’s easier to save money with credit cards.
When it comes to picking which credit card to use, I tend to base my decision on which cards offer the best cash back or savings for areas of my life that I spend the most money in. Grocery shopping is definitely one of those areas! Think about it, we have to eat, so why not get cash back to do so!
Don’t forget, you can make your savings add up to even more by using grocery coupons, then paying with one of these best credit cards for groceries. Now watch that total drop down!
Here are some of my top picks for credit cards that offer good rewards for shopping at grocery stores. But keep in mind, if you don’t pay off the full amount by the due date, your interest will negate any savings. Also, offers, promotions, and terms do change, so always check with the credit card company before signing up!
Did you know you can also link your credit card and receive other cash back offers, like 10 percent cash back just for dining at your favorite restaurant? Check out the full list of cash-back offers, plus all of the restaurants offering 10% cash back!
Best Grocery Rewards Card #1: The American Express Blue Cash Preferred Card
The American Express Blue Cash Preferred Card will net you 6 percent cash back for up to $6,000 per year in purchases at the supermarket. After that, you’re still getting 1 percent cashback on your grocery shopping.
Of course, you need gas to get to the grocery store, and the Blue Cash Preferred Card will also give you 3 percent cash back when you fill up at the gas station — not to mention 3 percent cash back at select department stores and 1 percent cash back on other purchases. Another perk? This American Express card will grant you $250 back after you use the card to pay for $1,000 in purchases in the first three months.
I have to tell you, 6 percent is the highest percent cash back I found for credit cards that offer cash back for groceries. Let’s say your grocery bill is $150 for the week, that means the Blue Cash Preferred Card will net you $9 in cash back. This adds up to about $36 in cash back for the month if your grocery bills are the same each week!
Things to note: Your cash back is received in the form of Rewards Dollars that can be redeemed as a statement credit. There’s also an annual fee of $75 if you apply before August 3, 2016 — this goes up to $95 if you apply after August 3.
Get even more bang for your buck by searching for American Express coupons before you sign up!
Best Grocery Rewards Card #2: Chase Freedom Card
One of the biggest perks about the Chase Freedom Card is there isn’t an annual fee. This card offers 5 percent cash back — but the offer rotates between bonus categories. Fortunately, these categories are usually areas where we tend to spend money anyway, like the grocery store. There’s also a sign-up bonus of $150 after you spend $500 on your card in the first three months.
Things to note: You should be aware that the bonus categories change regularly, and you won’t receive the 5 percent cash back after you spend $1,500 during each bonus category event.
Looking for even more reasons to sign up for the Chase Freedom Card? Check to see if there are any Chase coupons or offers available online!
Best Credit Card for Groceries #3: Bank of America Cash Rewards Card
With the Bank of America Cash Rewards Card you get 2 percent back at grocery stores, but what I really like about it is they also offer 2 percent cash back at wholesale clubs. If you need to fill up your tank before your grocery trip, they also offer 3 percent cash back for gas.
There’s also no annual fee, and you can get a $100 online cash rewards bonus if you spend $500 in the first 90 days after opening your account.
Things to note: Your cash back offer is only good up to the first $2,500 in combined spending at the grocery store, wholesale clubs, and the gas station.
Before you sign up for the Bank of America Cash Rewards Card, look for Bank of America coupons and offers.
Best Credit Card for Groceries #4: Capital One Quicksilver Cash Rewards
What I like about the Capital One Quicksilver Cash Rewards card is you can earn an unlimited 1.5 percent cashback on every purchase, including your grocery store, pharmacy, and wholesale clubs. Combine that with no annual fee and no limit to how much you can earn, and this is a pretty great deal! You can also earn a $100 bonus if you spend $500 within the first three months.
Additionally, there’s no foreign transaction fee, so if you travel often this might be the card for you! Your rewards won’t expire, either, so if you’re on vacation and redeeming them is the last thing on your mind, relax. They’ll still be there when you get home.
Things to note: Capital One recommends this card for people with excellent credit. If you think you might fall under the “average credit” category, you can also check out their Quicksilver One Cash Rewards card. This card still offers 1.5 percent cash back on all purchases, but you’ll need to pay an annual fee of $39 to sign up.
Be sure to check for a Capital One coupon before you sign up!
Best Grocery Credit Card #5: Citi Double Cash Back Card
The Citi Double Cash Back Card is pretty straightforward. It offers 1 percent cashback on all purchases — including grocery stores! — plus another 1 percent back when you pay off your charges in full or over time. So, you’re basically getting 2 percent back on all purchases. Talk about a winner!
There’s also no annual fee, plus no limit to the amount of cashback you can earn or category restrictions. You can redeem your cashback rewards as a check, statement credit, or even a gift card. The choice is up to you!
Things to note: Any balance transfers won’t earn cash back, plus there’s a balance transfer fee of $5 or 3 percent of the amount transferred, whichever is greater. You’ll also be charged interest on your purchases if you transfer a balance — unless you pay your entire balance including balance transfers by your monthly due date.
Need even more reasons to sign up for a Citi Double Cash Back Card? Keep an eye out for Citibank coupons and offers!life / Are the 5 Best Credit Cards for Groceries in Your Wallet?