Americans aren’t saving enough. The average American household’s savings rate is less than 3% and the typical household has $10,000 in debt. That’s why credit card companies are rolling out a new type of rewards program that will help you save more while still being able to enjoy perks like free travel or cash back on your purchases.
The “supermarket credit cards” are a new type of credit card that helps you save more at the grocery store. They offer a higher rewards rate than other types of cards and they can be used anywhere in the world.
Groceries are a need in all American houses, and the larger the family, the greater the cost. You may optimize your reward earning potential by paying for these expenditures with the correct credit card. A grocery credit card may give either a flat earn rate across all expenditures or a greater earn rate on grocery purchases.
After taking into consideration aspects such as reward earn rates and fees, MoneyGeek has narrowed down the top grocery store credit cards.
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Top Grocery Credit Cards, According to MoneyGeek
When it comes to choosing the best credit card for groceries, it’s important to consider your unique spending habits and needs. We chose the best of the bunch after weighing factors including the minimum credit score necessary to apply, reward earn rates, yearly fees, APRs, and other perks.
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The Best Credit Cards for Grocery Shopping
MoneyGeek’s experts analyzed and evaluated the top grocery cards based on factors such as reward earn rates, yearly fees, interest rates, and other bonuses. If we believe there is a potential disadvantage you should be aware of, we will let you know right away.
Disclaimer: Credit card offers are subject to change at any time. We make every effort to keep our site up to date, however some of the deals advertised on our site may no longer be accessible.
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1. The American Express Blue Cash Preferred Card is a credit card issued by American Express.
- For petrol and food buying, this is a fantastic cash back card.
- Credit rating of good–excellent is required.
- The yearly charge is $95
- Rate of cash back rewards of 3%
- On entertainment, there is a 6x reward rate.
- On groceries, you get a 6x reward rate.
Pros
- For the first year, there is a 0% intro APR.
- For the first year, the annual charge is free.
- a generous welcome package
- On some categories, you may get up to 6% cash back.
- As a statement credit, use the cash back you’ve earned.
Cons
- The yearly charge is rather high.
- Fee for international transactions
- Fee for a cash advance
- Late and returned payments may result in a penalty APR.
- Cash back cannot be used to pay the minimum owing.
- When you spend $6,000 on groceries in a calendar year, you get 6% cash back on groceries; after that, it’s 1 percent.
- Only purchases bought in the United States qualify for advanced cash back rates.
American Express is the source of this image.
The Perks
- Get 6% cash back at supermarkets on up to $6,000 in purchases every year, followed by 1%.
- Select streaming subscriptions can earn you 6% cash back.
- Get 3% cash back at petrol stations in the United States and on public transportation (trains, buses, taxis/rideshare, parking, tolls, and so on).
- On all other purchases, you’ll get 1% cash back.
- Redeem your points for statement credit.
- Take advantage of the introductory APR, annual fee, and extra cash back offerings.
- For purchases under $100, use the Pay It option and spread your payments out throughout the month.
- For purchases exceeding $100, use the Plan It technique. Divide them into monthly payments with no interest and set monthly expenses.
- Car rental loss and damage insurance, return protection, and fraud protection provide further piece of mind.
- Access presale tickets and member-only events via the American Express Experiences platform.
VLG / istockphoto / VLG / istockphoto / VLG / istockphoto / VLG
Citi Premier Card (#2)
- An outstanding international travel rewards card.
- Excellent credit is required.
- The yearly charge is $95
- The reward rate is 1–3 points per $1.
- At hotels, you get a 3x reward rate.
- On groceries, you get a 3x reward rate.
Pros
- Possibility of earning a large sign-up bonus
- Purchases of travel and a few more categories will earn you 3x points.
- No Fee for international transactionss
- Points may be transferred to major frequent flyer programs or used in other ways.
- Every year, you will get a $100 hotel discount.
Cons
- A $95 annual charge is required.
- There is no free insurance.
- There is no purchase protection.
- Fees for cash advances and balance transfers
- In the event of a late or returned payment, a penalty APR may apply.
Mastercard is the source of this image.
The Perks
- Spend $4,000 on purchases in the first three months to get 80,000 extra points (worth $800 when redeemed for gift cards).
- Earn 3x points on flights, hotel reservations, petrol stations, groceries, and restaurants.
- All other purchases will earn you 1x points.
- When you book via thankyou.com, you’ll save $100 on a hotel stay of $500 or more (excluding fees and taxes) (online or over the phone).
- Transfer your points to airline loyalty programs such as Aeromexico, Asia Miles, Avianca LifeMiles, Emirates Skywards, Etihad Guest, Flying Blue, InterMiles, JetBlue TrueBlue, Malaysia Airlines Enrich, Qantas Frequent Flyer, Qatar Privilege Club, Singapore Airlines, Thai Royal Orchid Plus, Miles & Smiles and Virgin Atlantic Flying Club.
- Gift cards, online shopping, paying for trips, statement credits, making online bill payments, and charity contributions are all options for redeeming your points.
- Pay no Fee for international transactionss when you use this card internationally.
- There are no yearly fees for additional cards.
- Citi Entertainment allows you to purchase tickets to a variety of events as well as presale tickets.
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Citi Rewards+ Card, No. 3
- A great no-annual-fee rewards card with a 0% introductory APR deal.
- Excellent credit is required.
- There is no yearly charge.
- rrate gives 1–2 points per $1
- On gas, you get a 2x reward rate.
- On groceries, you get a 2x reward rate.
Pros
- For as long as your account is active, there are no yearly fees.
- If you spend $1,500 on purchases within three months of starting your account, you’ll get 20,000 extra points.
- For the first 15 months, there is no interest on purchases or balance transfers.
- Every year, for the first 100,000 points you redeem, you will get a 10% bonus.
- On each purchase, round up to the closest ten points; this way, even a $5 transaction gives you ten points.
- Points may be redeemed for gift cards, travel incentives, or Amazon and Best Buy shopping.
- Citi Entertainment is available to you.
Cons
- Fees for international transactions
- Fees for cash advances and balance transfers
- Late and returned payments may result in a penalty APR.
Mastercard is the source of this image.
The Perks
- There is no yearly charge.s for the life of the card
- Earn 20,000 extra points by spending $1,500 on purchases in the first three months.
- For the first 15 months, you may get a 0% APR on purchases and debt transfers.
- Every year, you’ll get 10% back on up to 100,000 points you redeem.
- For each purchase, points are rounded up to the closest ten.
- Use your rewards at Best Buy or Amazon to make purchases.
- It is possible to exchange points for gift and travel cards.
- Citi Entertainment gives you access to exclusive event tickets, as well as exclusive experiences and presale tickets.
Drazen Zigic / istockphoto / Drazen Zigic / istockphoto / istockphoto / istockphoto / ist
4. SavorOne Rewards from Capital One
- A fantastic no-annual-fee card with benefits
- Credit rating of good–excellent is required.
- There is no yearly charge.
- Rate of cash back rewards of 3%
- On entertainment, you’ll get a 3x reward rate.
- On groceries, you get a 2x reward rate.
Pros
- There are no yearly fees.
- Get 3% back on entertainment, eating, and popular streaming services, as well as at grocery shops.
- On all other purchases, you’ll get 1% cash back.
- Until January 31, 2023, get 8% cash back when you buy tickets via Vivid Seats.
- If you spend $500 on purchases in the first three months, you’ll get a $200 bonus.
- For the life of the card, get infinite cash back that never expires.
- Cash back may be redeemed as a statement credit or a cheque.
- You may also utilize PayPal and Amazon.com to cash in on your cash back benefits.
- Pay no Fee for international transactionss
- Extended warranty, travel accident insurance, 24-hour travel support, and concierge services are all gratis.
- Get Get protection against unauthorized use of your card through $0 fraud liability fraud liability protection against illegal use of your card.
- Get exclusive access to world-class culinary events, as well as concerts and athletic events.
Cons
- After the first 15 months, the APR on purchases is determined by your creditworthiness.
- Fee for a cash advance
- Fee for transferring funds
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The Perks
- There is no yearly charge.
- For the first 15 months, there is a 0% intro APR on purchases and debt transfers.
- 3 percent cash back on restaurants, entertainment, and popular streaming services, as well as at grocery shops, is unlimited.
- On all other purchases, you’ll get 1% cash back indefinitely.
- After spending $500 on purchases in the first three months, you’ll get a $200 bonus.
- You may get your money returned in the form of a statement credit, a cheque, or via Amazon.com or PayPal.
- Purchases have an APR that is based on your credit score.
- No Fee for international transactionss
- Travel injury insurance is included, as well as access to 24-hour travel help.
- Concierge services are available 24 hours a day, 7 days a week.
- Purchases purchased with a credit card are covered by an extended warranty.
- To protect against fraudulent usage, there is no fraud liability.
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Citi Double Cash Card, No. 5
- A fantastic no-annual-fee card that pays up to 2% cash back
- Excellent credit is required.
- There is no yearly charge.
- A 2% cash back return rate is available.
- On gas, you get a 2x reward rate.
- On groceries, you get a 2x reward rate.
Pros
- Pay There are no yearly fees.
- Earn 2% cash back on all purchases – 1% when you make a purchase and 1% when you make your payment on time — across all categories.
- There are no restrictions on how much money you may get back.
- Cash back incentives may be redeemed as a statement credit, direct deposit, check, or point conversion.
- For the first 18 months, there is no interest on balance transfers.
- Citi Entertainment sells tickets to a variety of events, including presale tickets.
- Enhanced account security thanks to 24-hour fraud prevention and zero responsibility for illegal transactions
- Identity theft solutions and a complimentary Lost Wallet service
Cons
- If you don’t earn any cash back from purchases or payments for those purchases in a 12-month period, your cash back incentives will expire.
- Fee for international transactionss
- Fee for a cash advances
- Fee for transferring fundss
- Late and returned payments are subject to a penalty APR.
Citi is the source of this image.
The Perks
- There is no yearly charge.s
- On purchases, you may get up to 2% cash back in an unlimited amount.
- Cash back incentives may be redeemed for a statement credit, a cheque, or a direct transfer.
- It is possible to convert cash back rewards into Thank You points.
- For the first 18 months, there is a 0% APR offer on balance transfers.
- Citi Entertainment has presale tickets available.
- Additional security features include 24-hour fraud prevention, zero responsibility for illegal charges, and identity theft solutions.
- Use the lost wallet service to get cash in a pinch.
- Fee for international transactionss apply on international transactions
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Grocery Credit Cards: How Do We Rate Them?
Our top credit card rankings are based on publicly accessible information from card issuers and other credible sources, such as the Consumer Financial Protection Bureau (CFPB). To award a grade to each feature, we examine the fees, interest rates, incentives, and advantages offered by each card. For each card category, these ratings are stacked and weighted to generate our best picks for each user type. We check our data every month to update our ratings, recommendations, and other card information as required, since card specifics change often.
Learn more about how we gather data and score it.
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Quick Guide to Choosing a Grocery Credit Card
When comparing supermarket credit cards, it’s important to consider a variety of factors. Getting a credit card with reward miles, for example, may restrict your possibilities for redeeming your miles for incentives.
- Creditworthiness: People with high to exceptional credit ratings are often offered the finest credit cards for grocery. People with average/fair credit, on the other hand, have a variety of possibilities from which to pick. Capital One QuicksilverOne Rewards Card, Credit One Bank Platinum Rewards Visa Card, and Petal 2 Visa Credit Card are among them.
- While some cards provide greater cash back/reward earn rates on grocery purchases, you should check to see if they have yearly restrictions. For example, the American Express Blue Cash Preferred Card’s 6% cash back on groceries at U.S. supermarkets only applies to the first $6,000 in food purchases each year. After this limit, you’ll get 1% cash back on everything you buy. The Capital One SavorOne Rewards Card, on the other hand, allows you to earn up to 3% cash back at grocery retailers indefinitely.
- Annual fee: If you don’t plan on spending a lot of money on food during the year, this is an important consideration. For instance, if a 2% cash back card has a $99 annual charge, you’ll need to spend at least $4,950 on qualifying purchases over the course of the year to cover the cost. To catch up to other cards that don’t impose an annual fee, you’ll have to spend even more.
- If you don’t expect to pay off your amounts in full each month, you should look at the annual percentage rate (APR) on a credit card. If you want to have revolving amounts in your account, you may want to concentrate on low-interest credit cards rather than rewards credit cards.
- Introductory offers: The The Best Credit Cards for Grocery Shopping tend to come with spending-based introductory offers that let you earn reward points, miles or cash back. For example, a card might offer 20,000 reward points if you spend $1,500 on purchases within three months from account opening.
- Statement credits against payments to specified service providers, free extra cards, gratis insurance coverage, travel-related bonuses, and extended warranties are some of the additional goodies you may anticipate from various supermarket rewards and cash back cards.
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The Quick Guide to Grocery Credit Cards by MoneyGeek
When you spend money on groceries, you may receive incentives or cash back with a grocery card. Grocery credit cards, like conventional credit cards, have qualifying criteria that are dependent on your creditworthiness and income.
If you want to get the most out of your grocery shopping by receiving cash back or incentives, you should use a supermarket credit card. While some of these cards give points on all qualified grocery store purchases, others offer greater reward earn rates when you shop at certain stores.
Also keep in mind that although you may be able to buy groceries at Walmart or Target, certain credit cards may not allow you to earn grocery store bonus benefits if you shop there.
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What Is the Process of Using a Grocery Credit Card?
When you spend money on groceries with a grocery credit card, you may get points, cash back, or miles. Groceries are often included as a bonus category on credit cards, allowing you to earn higher-than-usual rewards/cash back. Maximum spending amounts that qualify for higher earn rates each quarter or year are capped on several supermarket cards. Other bonus areas, such as petrol, food, entertainment, and travel, may be included depending on the card you get.
If you acquire a co-branded supermarket card, the greater earn rate may only apply when you shop at that particular retailer. The Capital One Walmart Rewards Card, for example, gives 5% cash back at Walmart.com, 2% cash back in Walmart stores, 2% cash back on travel and restaurants, and 1% cash back on all other transactions. This is also true of Citi’s Costco credit cards, which have greater earn rates at Costco than at other big-box retail or food retailers.
While getting cash back from a supermarket credit card is very straightforward, this is not always the case with points or miles. If you receive a co-branded credit card, for example, you may have to redeem your benefits via the retailer.
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For credit cards, what stores are Considered grocery stores?
The types of establishments that are designated grocery stores by credit card issuers differ. For example, although American Express cards remove warehouse clubs and superstores like Costco from the grocery shop category, Bank of America cards do not.
Considered
- American Express: Supermarkets in the United States that sell food and home items.
- Supermarkets, food shops, and wholesale clubs are all served by Bank of America.
- Supermarkets and grocery shops; meat lockers, freezers, and dairy product outlets; and specialized markets, according to Capital One.
- Chase: Supermarkets, grocery shops, and establishments with a large selection of grocery items.
- Citi: Grocery shops and supermarkets
- Find out more about supermarkets and food shops.
Not taken into account
- Convenience shops, specialty retailers, superstores, and warehouse clubs are all covered by American Express.
- Superstores (Capital One)
- Warehouse clubs, discount shops, drugstores, establishments that specialize in a small number of food items, grocery purchases made at petrol stations, and delivery service merchants are all examples of places to shop for groceries.
- Markets, freezer/meat locker stores, dairy product stores, miscellaneous food/convenience stores, drugstores, specialty vendors, meal kit delivery services, and some online supermarkets. Citi: General merchandise/discount superstores, warehouse clubs, wholesale clubs, markets, freezer/meat locker stores, dairy product stores, miscellaneous food/convenience stores, drugstores, specialty vendors, meal kit delivery services, and some online supermarkets.
- Warehouse clubs, superstores, discount retailers, convenience stores, petrol stations, and transactions made using third-party payment apps/accounts are all worth checking out.
AnnaNahabed / istockphoto / AnnaNahabed / istockphoto / istockphoto / istockphoto / ist
Are Credit Cards for Grocery Stores Worth It?
According to Statista, the average household food expenditure in the United States in 2020 was $7,316. Spending the average amount on a supermarket credit card that offers 3% cash back would get you $219.48 in cash back. All of the cash back you get is a bonus if you don’t pay an annual fee and pay down your bills in full each month.
If you prefer one shop chain over another, you may want to purchase a co-branded supermarket card to optimize your reward earning opportunities. In this case, utilizing a cash back card with a flat or high earn rate for all other transactions may be advantageous. If you’d want to earn more points on petrol purchases as well, search for a grocery card that offers gas as a bonus category. Given that it gives 3x points on petrol and groceries, the Citi Premier Card is a fantastic gas and grocery credit card.
If you want to acquire a supermarket credit card with an annual fee, you should only do so if you can earn enough rewards/cash back to cover the cost. Grocery credit cards, like other reward cards, have higher APRs than cards that don’t provide any benefits. As a consequence, if you intend to keep your credit card account open with revolving amounts, a low APR card may be more advantageous.
B4LLS / iStock / B4LLS / iStock / B4LLS / iStock
How can I use the points or cash back I get from grocery purchases?
The way you redeem the points or cash back you earn with a supermarket credit card is determined not just by the card’s supplier, but also by the card itself.
The Citi Premier Card and Citi Incentives+ Card, for example, allow you to redeem your points for gift cards, travel rewards, and online shopping at Amazon.com and BestBuy.com. However, unlike the Citi Premier Card, which allows you to transfer your points to partner airline frequent flyer programs, the Citi Rewards+ Card does not allow you to do so.
The cash back you earn with the Citi Double Cash Card may be redeemed as a statement credit, a direct deposit, or a check, and it can also be converted to points. However, you may be able to collect the cash back you earn as an annual credit card reward certificate if you use the same bank’s Costco Anywhere Visa Card. This voucher may be exchanged for cash or items at any Costco location in the United States, including Puerto Rico.
The cash back you earn with the Capital One SavorOne Rewards Card may be redeemed as a statement credit or a cheque. It is possible to set up automatic redemptions, which is a handy method to redeem cash back rewards. You may also spend your cash back on Amazon.com or using PayPal.
Related:
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AlertMe
The “grocery card cares act” is a bill that was put into place in order to help consumers save more money. It will allow them to use their credit cards at grocery stores in order to save money.
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