Buying groceries is part and parcel of being a responsible adult, but some people purchase a lot more groceries than others. Whereas a single adult may have the luxury and disposable income to dine out frequently, necessitating a bare-bones fridge and pantry stocked with only basic amenities, a parent responsible for feeding an entire household of people, including a spouse, children, and a revolving door of extended family and friends, will need a lot more groceries (and a lot more planning) to keep everyone satisfied.
The big grocery shoppers out there can drop hundreds of dollars on a single shopping trip, and even store membership with a club program may not deliver significant savings. The good news is, the right rewards credit cards can offer a way for families to save on the many groceries they purchase from week to week. With a good understanding of what you spend annually on groceries, you should be able to pinpoint the rewards program best suited to your purchasing habits.
If the bulk of your recurring credit purchases are made in the grocery store setting, you naturally want to do all you can to cut costs and get the most bang for your buck. The perfect credit card for your lifestyle will offer major rewards for grocery store purchases. Here are just a few of the best credit cards to maximize your buying power with massive points accumulation where you shop most.
Blue Cash Preferred Card (AMEX)
It seems that AMEX has the hookup for families purchasing groceries, because they offer several cards geared toward maximizing everyday purchases like groceries and gas. The Blue Cash Preferred Card is quite possibly the best because it delivers 6% cash back on qualifying purchases at U.S. supermarkets, up to $6,000 per year (in purchases), after which it reverts to 1% rewards.
One caveat to be aware of is the restrictions on what qualifies as a “U.S. supermarket”. Corner stores, specialty food stores, superstores, and warehouse clubs aren’t eligible, meaning purchases there will only earn you 1% cash back. You need to read the fine print and make sure this card suits your purchasing preferences.
You’ll get 0% APR for 12 months when you sign up, with a variable APR of 14.99% - 25.99% after that, depending on your credit rating, along with a $200 welcome bonus for spending $1,000 in the first three months. There is, however, an annual fee of $95.
AMEX EveryDay Preferred Credit Card
This card is consistently ranked among the best for those making everyday purchases like groceries and gas, mainly because of 3x points for purchases at qualifying U.S. supermarkets, up to $6,000 in purchases (then 1x). You’ll also earn 2x points at U.S. gas stations, so if your two biggest purchases annually are groceries and gas, this is an ideal double-duty card.
Even better, you can earn an additional 50% more points when you complete at least 30 transactions in the course of a month (less returns), and when you spend $1,000 in the first three months, you’ll get 15,000 bonus points. Because of the way points stack up to percentages, you will actually earn greater rewards with this card than with the Blue Cash Preferred Card when you consistently hit the 30-purchases-monthly goalpost.
Citi Double Cash Card
When you see that this card offers only 1% cash back on purchases, you might not be overwhelmed by the returns. However, it’s not called the Double Cash Card for nothing. You not only get 1% tallied to your account when you make a purchase, but you get an additional 1% when you pay – hence, double cash.
What makes this credit card better than many others that offer greater percentage rates is that it doesn’t impose limits on spending. Maybe you won’t use your card for more than a few thousand dollars in purchases annually, in which case other cards with spending limits for rewards may better suit your needs. But if you know you’re going to exceed those limits, this card ensures you’ll get maximum rewards for all of your purchases throughout the course of the year.
You’ll also enjoy an introductory 0% APR for the first 18 months, after which there is a variable APR of 15.49% - 25.49%. This card has no annual fee.
Capital One Quicksilver Cash Rewards Credit Card
At just 1.5% cash back on purchases, you might not think this card has much to offer. However, that 1.5% is across the board, not just for grocery purchases. There are no limits on spending, there’s no annual fee, and you’ll get a one-time, $150 bonus when you spend $500 in the first three months.
Want to see your savings right away? The Target REDcard delivers with 5% on all qualifying purchases. If you frequently shop at Target, you’re going to get a lot from this card, especially since you can apply your savings to any groceries or other store purchases that qualify.
Even better, you don’t have to wait for points to stack up before you see rewards. The 5% is automatically deducted from qualifying purchases at checkout, so you get instant gratification every time you use your card. There’s no introductory offer, but there’s also no annual fee for this card, and you can get it as a debit or a credit card.