Study: Grocery Credit Cards 2014
Here are the best credit cards for grocery shopping from our partners
Read more about Grocery Rewards
If you live in a typical American household, your grocery bill adds up to a sizeable chunk of your budget. The average family in 2012 spent about $6,600 on food, or about 13% of overall household spending, according to the Bureau of Labor Statistics.
Some credit cards, to attract new customers, offer rewards and cash back on groceries. Food is a necessity that you have to buy anyway, so why not take advantage of some extra cash back when you purchase it? Even at a cash-back rate of just 2%, the $6,600 that the average American family spends on food each year could put an extra $132 back into your pocket.
We ranked the top offers from our partners and highlighted those that will give you the best value. Keep in mind that this assumes you’ll pay off your balance when it comes due so you avoid interest charges and late fees; otherwise your rewards will be negated.
To even the playing field, CreditDonkey.com scored the credit cards on the same basic premise: an American consumer (for the purpose of this article, we'll call her Jane) spends $550 a month at the supermarket, or $6,600 annually.
Credit Card for Grocery Shopping
The Barclaycard Rewards MasterCard is a good option for people with average credit. With the Barclaycard Rewards MasterCard, you’ll earn two points on every dollar spent on groceries, gas and utility purchases, plus one point per dollar spent on everything else. That equates to 2% and 1% cash back, respectively. Put into dollar terms, $500 in monthly grocery spending will put $10 back into your pocket. There’s no limit to the points you can earn and no redemption fees to worry about.
Also worth noting is that, because this is a MasterCard, it’s likely to be accepted in more places than American Express and Discover, which has a somewhat smaller network of merchants.
For road warriors: Citi Hilton HHonors Visa Signature Card.
Gas, grocery and drugstore purchases earn three points per dollar, hotel spending within the Hilton portfolio of properties earns six points, and everything else earns two points. There’s no annual fee, which is unusual for a credit card offering travel rewards, and you have the opportunity to earn 40,000 bonus points if you spend $1,000 on the card within the first four months of opening the account.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.
More from CreditDonkey:
More Articles in Deals
more Grocery Cards
What do you think about Study: Grocery Credit Cards 2014?
You might also be interested in
More Articles in Deals