Shopping for groceries can be a painful experience. There are numerous aisles, thousands of items and long checkout lines to contend with. Then thereâ€™s one more blow: watching the dollars add up at the register.
But signing up for a solid cashback credit card can be a good way to earn a percentage of your grocery purchases back and take some of the sting out of that shopping trip.
Here are the best cashback cards for grocery shopping.
The Blue Cash EverydayÂ® Card from American Express, offers 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases. It comes with a $0 annual fee. This is a great rate for habitual shoppers so long as you spend up to $3,167 a year at supermarkets. If you spend more than that, then you might be better off with the Blue Cash PreferredÂ® Card from American Express, which comes with a $95 annual fee but higher cashback potential.
The Welcome Offer is aÂ $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. ThisÂ is a good way to maximize your rewards.
The Blue Cash PreferredÂ® Card from American Express offers the highest cashback rate for big grocery spenders â€” 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). This card does come with aÂ $95 annual fee and you need to spend $1,584 a year on groceries to break even. If you spend $3,167 a year ($264 a month) or more on groceries you will benefit from this card more than the Blue Cash EverydayÂ® Card from American Express. Youâ€™ll also earn a high 3% cash back at U.S. gas stations and select U.S. department stores and 1% back on other purchases. Thereâ€™s an added Welcome Offer:Â $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
The information related to Amazon Prime Rewards VisaÂ® Signature Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.
The Amazon Prime Rewards VisaÂ® Signature CardÂ offers a grocery cash back program that is geared toward Whole Foods Market shoppers. Youâ€™ll Earn 5% back at Amazon.com and Whole Foods Market with eligible Prime membership, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases. This is a great rate if you frequently spend at Whole Foods Market and easily rivals offers from competing cards. There is no annual fee, but you will need a Prime membership to benefit from the 5% rate â€” currently, annual plans cost $99 or $49 for students. If you donâ€™t have a Prime membership, check out the Amazon Rewards VisaÂ® Signature Card mentioned below.
The information related to Amazon Rewards VisaÂ® Signature Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.
The Amazon Rewards VisaÂ® Signature CardÂ is similar to the Amazon Prime Rewards VisaÂ® Signature Card, but doesnâ€™t require a Prime membership. This card also has no annual fee but offers a lower rate at Amazon.com and Whole Foods Market. You Earn 3% back at Amazon.com and Whole Foods Market, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases. This rate stands out for Whole Foods Market shoppers and can be more beneficial if you primarily shop at Whole Foods Market since there are no caps on the 3% rate (unlike other grocery cards on this list).
The Bank of AmericaÂ® Cash Rewards credit card – $200 Cash Rewards Offer has a decent cashback rate for groceries, however it is lower than what youâ€™ll find with competing cards. Youâ€™ll earn 3% cash back on gas and 2% at grocery stores and wholesale clubs for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. 1% cash back on all other purchases. There is aÂ $0 annual fee and you can redeem your cash back directly into a Bank of America checking or saving account for a 10% bonus. People who will benefit most from this card are those who are Bank of America Preferred Rewards clients. As a Preferred Rewards client, you could increase your bonus to 25-75%, making your grocery cash back an effective 2.5-3.5%. If you apply online, you can earn aÂ $200 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening.
The Huntington Voice Credit CardÂ® has aÂ $0 annual fee and earns you 3X points in one of 10 categories (capped at $2,000 each quarter or 6000 points), and all other purchases earn 1X points. You also have the freedom to change your 3X category every quarter to suit your spending. But be aware that if you switch from grocery stores to another category, youâ€™ll only earn 1X points on grocery spending. Points can be redeemed for cash and 1 point equals $0.01, therefore 5,000 points is equal to $50 cash rewards.
With numerous credit cards available to help maximize your grocery rewards, it can be confusing to know which to choose. Some cards provide unlimited rewards at a high rate, while most have caps on grocery spending.
The table below breaks down which grocery card may be a good fit for you when factoring in annual grocery spending, cashback rate and annual fee. (Sign-on bonuses are not reflected.) Keep in mind: This only factors in spending on grocery purchases and doesnâ€™t consider if youÂ spend in other categories or at the other cashback rates.
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