The 5 Best Credit Cards for Groceries
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Even though I do my best to keep up with credit card rewards, I don't take credit card reward hacking to the extreme. I'd prefer not to have to carry around 10 cards in my wallet. I want to get the most points in categories that I actually spend a lot of money on. After our mortgage, the highest percentage of our monthly expenses comes in the form of groceries. So, I set out to determine which credit cards actually give the highest percentage back on groceries. (See also: Best Cash Back Credit Cards)
BankAmericard Cash Rewards™ Credit Card
The BankAmericard Cash Rewards™ Credit Card offers 2% back at grocery stores and wholesale clubs, 3% back on gas, and 1% on other purchases. (Grocery store, wholesale club, and gas bonus rewards apply to the first $2500 in combined purchases in these categories each quarter.) Bank of America customers get an extra 10% bonus when redeeming rewards directly into a Bank of America® checking or savings account (instead of a statement credit). There is no annual fee.
Bonus offer: $100 online cash rewards bonus after you spend at least $500 in purchases in the first 90 days of account opening. Also get a 0% introductory APR for 12 billing cycles on purchases, and any balance transfers made within the first 60 days; after that, a variable APR that's currently between 13.24% and 23.24% will apply. A 3% fee (minimum $10) applies to balance transfers.
Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express offers a whopping 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases). You can also earn 3% from purchases at U.S. gas stations and 1% on other purchases. Terms and limitations apply. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. It does have an annual fee of $95, but if you have a big grocery budget, the rewards would be more than enough to cover this yearly cost.
Special offer: Earn $150 back after spending $1,000 in purchases in your first 3 months. Also get 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors. If you apply by 1/11/2017, you can earn 10% cash back on eligible Amazon.com purchases in the first 6 months, worth up to $200. Terms and conditions apply.
Capital One® Quicksilver® Cash Rewards Credit Card
With the Capital One® Quicksilver® Cash Rewards Credit Card, you earn a simple unlimited 1.5% cash back on every purchase. There is no limit on how much you can earn and no changing categories to keep track of. Rewards don’t expire, and you can redeem your cash back at any time for any amount. Plus, you’ll earn a one-time bonus of $100 after spending $500 on purchases within 3 months of approval. The $500 requirement is not too difficult to meet if you use this card for groceries and other household necessities. Additionally, every 10th Uber ride is free (up to $15) if you pay with this card through March 31, 2017. There is no annual fee.
Blue Cash Everyday® Card from American Express
If the idea of paying an annual fee for a credit card is unappealing, try the no-annual-fee Blue Cash Everyday® Card from American Express, which allows you to earn 3% cash back at U.S. supermarkets (up to $6,000 per year in purchases), 2% at U.S. gas stations, and 1% on other purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. There is no annual fee.
Special offer: Earn $100 back after spending $1,000 in purchases in your first 3 months. Plus get 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors. If you apply by 1/11/2017, you can earn 10% cash back on eligible Amazon.com purchases in the first 6 months, worth up to $200. Terms and conditions apply.
Citi® Double Cash Card - 18 month BT offer
With the Citi® Double Cash Card - 18 month BT offer from our partner Citi, you get 1% cash back when you buy, plus another 1% cash back as you pay for those purchases. No need to wait until you pay off a purchase to earn the additional cash back — you'll get it whether you can pay in full or over time, as long as you pay at least the minimum amount due. Unlike many other cards, the Double Cash card has no category restrictions, no enrollments in rotating categories, and no limits on the amount of cash back that you earn, which makes it easy to earn cash back on groceries and other everyday spending. There is no annual fee.
Special Offer: There is a 0% introductory APR on balance transfers for 18 months. After that, the variable APR will be 13.24%-23.24%, based on your creditworthiness
The Best Credit Card Offer for You
If you like credit card rewards programs, but have recently been unhappy with changes to your card, it may be time to consider a new one. The best way to choose a rewards card is to simply look at what your biggest category of spending is each month, and find a card that gives you the most back on that category. For me, this category was groceries.
What's your biggest category of spending each month? Do you earn extra credit card points for those cards?