Groceries are one of the biggest expenses for most households, so it’s important to make the most of your spending. A best grocery credit card can help you do just that by earning you cash back or points on your purchases.
Here are the top best grocery credit cards of 2023:
1. Blue Cash Preferred® Card from American Express
- Earns 6% cash back on groceries (up to $6,000 per year, then 1%), plus 6% cash back on streaming services, and 3% cash back on transit (including taxis, ridesharing, parking, and public transportation)
- No annual fee
- Welcome offer: Earn $300 statement credit after you spend $3,000 on eligible purchases within the first 3 months of account opening
2. Capital One SavorOne Cash Rewards Credit Card
- Earns 3% cash back on groceries, dining, entertainment, streaming services, popular travel purchases, and at select popular streaming services and merchants
- No annual fee
3. U.S. Bank Cash+® Visa Signature® Card
- Earns 5% cash back on up to $2,000 in combined grocery and streaming services purchases each quarter, then 1% cash back on all other purchases
- No annual fee
4. Blue Cash Everyday® Card from American Express
- Earns 3% cash back on groceries, plus 2% cash back at U.S. department stores and gas stations
- No annual fee
5. Bank of America® Cash Rewards credit card
- Earns 3% cash back on a rotating category each quarter (including groceries), plus 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases
- No annual fee
How to Choose the Best Grocery Credit Cards for You
The best grocery credit cards for you will depend on your individual spending habits and needs. Consider the following factors when making your decision:
- Rewards: What type of rewards do you want to earn? Cash back is a popular option, but some cards also offer points that can be redeemed for travel, merchandise, or even cash.
- Spending categories: Which grocery categories do you shop at most? Some cards offer bonus rewards on certain grocery categories, such as supermarkets or discount stores.
- Annual fee: Are you willing to pay an annual fee for a card with better rewards or benefits?
- Welcome offer: Some cards offer a welcome offer, such as a sign-up bonus or cash back after spending a certain amount of money.
Tips for Using Your Best Grocery Credit Cards Wisely
- Only use your best grocery credit card for everyday purchases that you can pay off in full each month. Carrying a balance will accrue interest, which will offset any rewards you earn.
- Set up automatic payments to avoid late fees.
- Max out your rewards by using your card for all your eligible grocery purchases.
- Keep an eye on your rewards balance and redeem them for cash back or travel when you can.
By following these tips, you can maximize the benefits of your best grocery credit cards and save money on your groceries.
Conclusion
Groceries are a significant expense for most households, so using a best grocery credit card can help you save money on your grocery bills. These cards offer various rewards programs, including cashback, points, and travel credits, that can be redeemed for various items or activities. By choosing the best grocery credit card for your needs and using it responsibly, you can maximize your savings and make the most of your grocery spending.
FAQs
Q: What are the best grocery credit cards in 2023?
A: The best grocery credit cards in 2023 include:
- Blue Cash Preferred® Card from American Express
- Capital One SavorOne Cash Rewards Credit Card
- U.S. Bank Cash+® Visa Signature® Card
- Blue Cash Everyday® Card from American Express
- Bank of America® Cash Rewards credit card
Q: How do I choose the best grocery credit cards for me?
A: When choosing the best grocery credit cards for you, consider the following factors:
- Rewards: What type of rewards do you want to earn?
- Spending categories: Which grocery categories do you shop at most?
- Annual fee: Are you willing to pay an annual fee for a card with better rewards or benefits?
- Welcome offer: Some cards offer a welcome offer, such as a sign-up bonus or cash back after spending a certain amount of money.
Q: How can I use my best grocery credit cards wisely?
A: To use your best grocery credit cards wisely:
- Only use it for everyday purchases that you can pay off in full each month.
- Set up automatic payments to avoid late fees.
- Max out your rewards by using your card for all your eligible grocery purchases.
- Keep an eye on your rewards balance and redeem them for cash back or travel when you can.
