Do you ever find yourself wondering how you can effortlessly save more money while shopping at supermarkets? The answer might be right in your wallet! By choosing the best credit cards for supermarket shopping, you can maximize your savings and earn rewards, cash back, and other benefits. In this article, we will explore the top credit cards you should consider for your grocery spending, so you can keep more money in your pocket while filling your cart with your favorite goods.
Best Credit Cards For Supermarkets Table of Contents
Why Use a Credit Card for Supermarket Shopping?
Before diving into the best credit cards, it's crucial to understand the benefits of using a credit card specifically for supermarket shopping. These benefits include:
- Cashback rewards: Earn a percentage of your purchase in cashback rewards, which can be redeemed as statement credits, gift cards, or even directly deposited into your bank account.
- Points or miles: Accumulate points or miles that can be redeemed for travel, merchandise, or other rewards.
- Sign-up bonuses: Many credit cards offer sign-up bonuses for new cardholders who meet specific spending requirements.
- Additional perks: Some credit cards come with additional perks, such as cell phone protection, extended warranties, or price protection.
Best Credit Cards for Supermarkets
Now that you understand the benefits of using a credit card for supermarket shopping, let's explore the top options available. Keep in mind that your individual financial situation and credit score will play a role in determining which card is best for you.
1. American Express Blue Cash Preferred
This card offers a whopping 6% cashback at U.S. supermarkets (up to $6,000 per year in purchases, then 1%), making it an excellent option for high spenders. Additionally, you'll earn 3% cashback on gas stations and transit and 1% cashback on all other purchases. The card comes with a $0 introductory annual fee for the first year, then $95 annually.
2. Chase Freedom Flex
The Chase Freedom Flex offers 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter, and supermarkets are often included. The card also features 5% cash back on travel booked through Chase, 3% on dining and drugstore purchases, and 1% on all other purchases. To top it off, there is no annual fee.
3. Discover it Cash Back
Like the Chase Freedom Flex, this card offers 5% cashback on up to $1,500 in purchases each quarter in rotating bonus categories, often including supermarkets. Additionally, Discover matches all the cashback you earn during your first year as a cardholder, effectively doubling your rewards. There is no annual fee.
4. Capital One SavorOne Cash Rewards
This card provides 3% cashback on grocery store purchases (excluding superstores like Walmart and Target), perfect for those who prioritize grocery rewards but also enjoy dining and entertainment. Cardholders will also receive 3% cashback on dining, entertainment, and streaming services, 8% on Vivid Seats through January 2023, and 1% cashback on all other purchases with no annual fee.
Best Credit Cards For Supermarkets Example:
Imagine you're a family of four, spending $800 per month on groceries. If you choose the American Express Blue Cash Preferred card, you would earn $48 per month in cashback rewards for your supermarket spending (6% x $800), adding up to $576 per year. If you subtract the $95 annual fee (waived in the first year), you would still have a net savings of $481. That's a significant amount you could put towards other financial goals or even save for a family vacation.
Now that you're equipped with our top recommendations for supermarket credit cards, it's time to take advantage of the rewards you can earn from doing your regular shopping. Remember to always swipe responsibly, and when you see the savings rack up on your account, you'll feel a sense of accomplishment and financial prowess. Be sure to share this article with friends and family so they, too, can make smarter financial decisions. To dive deeper into topics like this and to explore other personal finance and investing tips for millennials, check out all the informative guides available on Flik Eco.
