These Are the Best Credit Cards for Grocery Shopping
Travel reward credit card users seem to be getting all the fun, right? But while all aircraft manufacturers are trying to earn an upgrade, there are plenty of people out there who prefer the simplicity of a refundable credit card. Why not focus on what gives you the opportunity to spend money on your most real need: groceries?
We’ve compiled a short list of the best credit cards for people looking to earn cash back at the grocery store.
This list takes into account several factors:
- How easy is it to earn points and how easy is it to redeem them?
- If there is an annual fee, are there enough benefits to make it worth it?
- Are there any bonus offers that can speed up your initial earnings?
The best card for excellent students
Priority option for American Express Blue Cash
Cash Back Reward: Earn 6% cashback at US supermarkets from the first $ 6,000 you spend per year. Get 6% Cashback on Hulu, Netflix, Spotify and Pandora subscriptions. Earn 3% cashback at gas stations in the US and on other travel expenses like ride-sharing, parking, tolls, or train tickets. Earn 1% cashback on everything else. You can get cashback in the form of a loan in your statement or with a gift card.
Sign Up Bonus: Get $ 250 cashback in your account statement after spending $ 1,000 in the first three months.
Annual fee: $ 95.
Bonus benefits: Receive 0% interest on purchases and balance transfers in the first 12 months.
Why we love it: Everyone buys groceries and spends money getting around town, which makes this card a win-win. AmEx recently ditched department store rewards in favor of transit refunds, which looks like a 2019 update. The only downside is that there are still places where American Express is not accepted.
Best for online grocery shoppers
Bank of America Cash Rewards Credit Card
Cashback Reward: Get 3% cashback in the category of your choice, 2% cashback in grocery stores and wholesale clubs, and 1% cashback on everything else. Cashback for the 3% and 2% categories is capped at $ 2,500 spent per quarter and then reverts back to 1%.
Sign Up Bonus: $ 200 cash reward if you spend $ 1,000 in the first three months.
Annual fee: No
Bonus Bonuses: Receive 0% interest on purchases and balance transfers within 15 months.
Why We Love It: The Bank of America expense categories you can choose to get the most money back include the broad category of “online shopping.” It’s perfect for people who like to order groceries online from large stores like Walmart or Target with home delivery.
The best card for people who get bored quickly
Discover Cash Back
Cash Back Reward: Earn 5% in a quarterly rotation of a category (including grocery stores) on your first $ 1,500. You must activate the quarterly bonus category to earn cashback. Get 1% cashback on all other purchases.
Sign Up Bonuses: Discover will match the cashback you earned at the end of the first year, no limit.
Annual fee: No
Bonus Bonuses: Receive 0% interest rate on purchases and balance transfers for the first 14 months.
Why we love it: The alternating 5% return category for this card means you won’t always get the most out of your regular grocery purchases, but it’s worth waiting for a card from time to time that doesn’t charge an annual fee. One drawback is that some merchants do not accept Discover cards.
Best for new credit card users
Capital One Quicksilver Awards
Reward for return: 1.5% from each purchase.
Sign Up Bonuses: Get a $ 150 cash bonus by spending $ 500 in your first three months.
Annual fee: No
Bonus bonuses: 0% per annum for 15 months for purchases and balance transfers.
Why We Love It: While not the most exciting of the money back cards, Quicksilver is a solid starter card for people with a low credit rating of “good,” with a sign up bonus much easier to achieve than many. other options. Remember, you will not be redirected to the QuicksilverOne Rewards card, which is sold to people with “average” credit — it offers the same money back rewards, but charges an annual fee of $ 39 and does not have an attractive zero interest period. …
This post was originally published on 08/20/2019 and updated on 10/9/2019 to include the methodology.