Best Credit Cards 2020 For Groceries, Travel, Students

Expenditure on groceries constitutes a large part of the family budget. A family of four can spend between $ 500 and $ 1,300 per month on groceries, depending on the age of your children, according to the US Department of Agriculture’s Food Cost Report. UU. By February 2018. Even smaller families and couples could see the cost of groceries as high as $ 700 per month.

What happens if you can recover some of that money in the form of credit card rewards?

By using the correct credit card for groceries, you can accumulate a considerable amount of credit card rewards. Choose the right credit card, and you can even earn rewards on other credit card purchases.

Table of Contents

List of best credit cards 2020 for groceries

Cards	Rating	Apply
American Express Preferred Blue Cash	⭐⭐⭐⭐⭐	Apply Now
American Express Blue Cash Everyday	⭐⭐⭐⭐⭐	Apply Now
Amazon Prime Rewards Visa	⭐⭐⭐⭐⭐	Apply Now
Bank of America Cash Rewards Credit	⭐⭐⭐⭐⭐	Apply Now
Chase Freedom Unlimited	⭐⭐⭐⭐⭐	Apply Now

Best Credit Cards 2020 For Groceries: American Express Preferred-Blue Cash

American Express Preferred Blue Cash - Best Credit Cards 2020 for Groceries — American Express Preferred-Blue Cash

The Blue Cash Preferred American Express credit card pays the highest cashback rate on groceries of any credit card. You will get a 6 percent cash refund at US supermarkets. UU. Up to six thousand US $ per year in purchases. That’s $ 360 if you spend $ 6,000 on groceries. You will also get a 3 percent cash refund at US service stations. UU. And selected departments, and a 1 percent cash refund on everything else, including grocery purchases for more than $ 6,000 in a calendar year.

You will get a $ 200 bonus credit if you spend $ 1,000 on purchases in the first 3 months. That automatically compensates the annual fee of $ 95, at least during the first year.

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Best Credit Cards 2020 For Groceries: American Express Blue Cash

Best Credit Cards 2020 - American Express Blue Cash — American Express Blue Cash

If the idea of a $ 95 annual fee disconnects you, the American Express Blue Cash Everyday Card may look better in your wallet.

The card pays a 3 percent cash refund at US supermarkets. UU. Up to $ 6,000 per year on purchases, $ 180 in total if you spend $ 6,000 on groceries. You will get a 2% cash refund at US gas stations. UU. And selected departments, and a 1 percent cash refund on everything else, including grocery purchases for more than $ 6,000 in a calendar year.

Earn credit with a $ 150 bonus if you spend $ 1,000 on purchases in the first 3 months.

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Best Credit Cards 2020 For Groceries: Amazon Prime Rewards Visa

Amazon Prime Rewards VisaWith the Amazon Prime Rewards Visa, you will get a 5% refund at Amazon.com and Whole Foods Market, plus 2 percent at restaurants, service stations, and pharmacies, and 1 percent on everything else.

Amazon Prime members in selected regions will give you access to Prime Pantry, a store where you can buy food and household products. Use your Amazon Prime Rewards Visa on these purchases and get a 5 percent refund.

There is no annual fee, but you must have a Prime membership to be approved for the credit card. The Prime membership currently costs $ 49 per year for students and $ 99 per year for everyone else. You will have to spend enough to offset the cost of the Prime Membership for the credit card to be worth it.

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Best Credit Cards 2020 For Groceries: Bank of America Cash Rewards

Best Credit Cards 2020 for Groceries - Amazon Prime Rewards Visa — Bank of America Cash Rewards

Get 3 percent of gasoline and 2 percent in groceries and wholesale clubs in the first $ 2,500 in combined purchases of supermarkets, gas, and wholesale clubs every quarter; then 1 percent back on everything else.

If you have any bank or investment account in Bank of America or Merrill Lynch, you can earn up to 10% bonus on your rewards.

And if you keep a balance of $ 20,000 or more in one of those accounts, the cash reward rate skyrockets at 25 percent to 75 percent, depending on your balance.

As a sign-up bonus, you can earn $ 150 if you spend $ 500 in the first three months of opening your account. In addition, enjoy a rate percent per annum (APR) of the introductory 0 percent for the very first 12 billing cycles on purchases and balance transfers made within the first 60 days. There is no annual fee.

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Best Credit Cards 2020 For Groceries: Chase Freedom Unlimited

Chase Freedom Unlimited makes cash rewards simple. All purchases, including grocery purchases, get unlimited 1.5 percent reimbursement at no annual charge. You can receive a $ 150 bonus after spending $ 500 on purchases in the first 3 months of opening your account. If you are a big consumer of groceries, you can earn the sign-up bonus in just one or two months.

There is no minimum refund amount for your cash refund, you can redeem it at any time, and your rewards never expire while your account is open and in good standing.

If you have another Chase credit card, such as Chase Sapphire Preferred, for example, you can combine your rewards to increase their value. Please note for being eligible for the sign-up bonus; you must not have received another bonus from Chase in the last 24 months.

Enjoy 0% introductory APR for 15 months on purchases and balance transfers. After that, the regular annual percentage rate (APR) is from 16.24 percent to 24.99 percent. Keep in mind that balance transfers do not get rewards, and any balance you transfer reduces your available credit and makes it more difficult to meet the expense required for the registration bonus.

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Guide:

How to optimize your cash refunds?

Use your credit cards that offer cash refunds strategically.

For example, if the American Express Blue Cash Preferred also turns out to be the best card for you, use it to buy food, but take another card from your wallet to pay for gas, such as the PenFed Platinum Cash Rewards Plus Visa or the USA Cashback Rewards Plus American Express These last 2 credit union cards paid refunds for $ 342 during the first 3 years of use in our comparison to find the best cards that offer refunds on gasoline. And both card issuers also achieved very high scores in our Ratings of credit unions and banks. The Blue Cash Preferred card, by contrast, that offers only 3% reimbursement on gas payments, versus 5% provided by PenFed and USAA.

Buy in traditional supermarkets.

Categories are usually determined by the “merchant category code” of the store. Traditional supermarkets include stores such as Safeway, Trader Joe’s, Whole Foods, and Winn-Dixie. And, although you can also buy groceries at Target and Walmart, you will not get a 6% cash refund since some card issuers, such as Chase Freedom and Amex Blue, do not recognize them as grocery stores. An additional benefit, says Vani Hari, the owner of that shopping in a supermarket, also gives you access to store-branded organic foods that are more affordable.

Pay the full balance of your credit card every month.

Our comparative calculations assume that the cardholder pays the full balance each month. If you do not, the financial charges that come with having an outstanding balance may end any cash reimbursement benefit.