When it comes to daily expenses, groceries are a significant part of our budget. Wouldn't it be great if you could earn rewards and cash back while stocking up on essentials? In this guide, we'll explore the best credit cards for groceries in February 2024. These cards offer generous rewards, welcome offers, and benefits that can help you make the most out of your grocery shopping. Plus, find out how Done with Debt can assist you in managing your finances and achieving your financial goals.
1. American Express Gold Card: Elevate Your Grocery Shopping
Annual Fee: $250
Welcome Offer: Earn 60,000 Membership Rewards® points after spending $6,000 on qualifying purchases within the first 6 months
Rewards:
4x Membership Rewards points at restaurants, including takeout and delivery in the U.S.
4x Membership Rewards points at U.S. supermarkets on up to $25,000 per calendar year in purchases (then 1x)
3x Membership Rewards points on flights booked directly with airlines or via amextravel.com
1x Membership Rewards points on other purchases
Why We Like It: The American Express Gold Card is a stellar choice for grocery shopping enthusiasts. With a generous 4x Membership Rewards points on U.S. supermarket purchases (up to $25,000 per year), you can accumulate points rapidly. The flexibility of Membership Rewards points allows you to redeem them for travel rewards, shopping, gift cards, or transfer to various airline and hotel partners. Plus, annual credits and a welcome offer make it a smart choice for maximizing rewards.
2. Blue Cash Preferred Card from American Express: Cash Back Galore
Annual Fee: $0 for the first year, then $95 after that
Welcome Offer: $250 statement credit after spending $3,000 in purchases within the first 6 months
Rewards:
6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
6% cash back on select U.S. streaming subscriptions
3% cash back at U.S. gas stations
3% cash back on transit, including taxis/rideshare, parking, tolls, trains, buses, and more
1% cash back on other purchases
Why We Like It: This card shines with its generous cash back rates, particularly the impressive 6% cash back at U.S. supermarkets. It's perfect for turning regular grocery runs into significant savings. The card's benefits extend to streaming subscriptions, gas stations, and transit expenses, making it a powerful choice for families.
3. U.S. Bank Shopper Cash Rewards Visa Signature Card: Unique Wholesale Club Rewards
Annual Fee: $0 for the first year ($95 after)
Welcome Offer: One-time $250 bonus; spend a minimum of $2,000 in eligible purchases within the first 120 days
Rewards:
6% cash back on up to $1,500 quarterly in combined spending at two retailers of your choice, including major stores like Target, Walmart, Amazon, Home Depot, Best Buy, and several department stores
3% cash back on up to $1,500 per quarter in another chosen category, including wholesale clubs like Costco and Sam's Club
1.5% cash back on purchases outside of the bonus categories
Why We Like It: The U.S. Bank Shopper Cash Rewards Visa Signature Card caters to both wholesale club members and traditional grocery shoppers. It offers exceptional rewards for wholesale club purchases, a category often overlooked by other credit cards. Plus, it provides a solid cash back rate at major retailers, including those known for grocery sales.
4. Instacart Mastercard: Online Grocery Shopping Made Rewarding
Annual Fee: $0
Welcome Offer: 1 free year of Instacart delivery and a $100 Instacart credit upon approval
Rewards:
5% cash back on Instacart app and Instacart.com purchases
5% cash back on travel purchased through the Chase Travel Center
2% cash back at restaurants, gas stations, and select streaming services
1% cash back on all additional purchases
Why We Like It: The Instacart Mastercard is tailor-made for online grocery shopping enthusiasts. It offers an attractive 5% cash back on Instacart purchases and comes with a welcome offer of free delivery and a $100 Instacart credit. This card is designed to enhance the online grocery shopping experience while also rewarding you for travel, dining, and other spending.
5. Capital One Walmart Rewards Mastercard: Ideal for Walmart Shoppers
Annual Fee: $0
Welcome Offer: Earn 5% cash back on in-store purchases when using Walmart Pay for the first 12 months after approval
Rewards:
5% cash back on purchases at Walmart.com and through the Walmart app, including items for in-store pickup and Walmart Grocery Pickup and Delivery; gift cards earn 2% back
2% cash back for in-store purchases, including at Murphy USA and Walmart gas stations
2% cash back on travel and restaurants
1% cash back on all other purchases
Why We Like It: If you're a frequent Walmart shopper, the Capital One Walmart Rewards Mastercard offers an impressive 5% cash back on all purchases made through Walmart.com and the Walmart app, including groceries. This card is designed to maximize savings for online grocery shoppers and those who combine in-store and online shopping.
6. Capital One SavorOne Cash Rewards Credit Card: Dining Rewards
Annual Fee: $0
Rewards:
Earn unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
Earn 10% cash back on purchases made through Uber and Uber Eats, plus complimentary Uber One membership statement credits through Nov. 14, 2024
Earn 8% cash back on Capital One Entertainment purchases
Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
Welcome Offer: $200 cash bonus after you spend $500 on purchases within the first 3 months **0% APR for the first 15 months upon account opening for both balance transfers and purchases (variable APR resumes after; 19.99%-29.99%)
Why We Like It: The Capital One SavorOne Cash Rewards Credit Card is perfect for dining outside of your regular grocery budget. With 3% cash back at grocery stores, entertainment, and dining, this card rewards you for everyday spending. The exceptional 10% cash back on Uber and Uber Eats adds extra value.
FAQs about Credit Cards for Groceries
Should I get a credit card for groceries? If you spend a significant amount on groceries, a credit card with rewards or cash back for grocery purchases can be a wise choice.
What counts as a grocery store for credit card rewards? Grocery stores are retailers that primarily sell food and household items. Specialty stores, superstores, and warehouse clubs may not qualify for grocery rewards.
Does Costco count as groceries on a credit card? Warehouse clubs like Costco may not count as "groceries" for credit card rewards, but some cards may offer cash back for purchases at these stores.
We calculate potential annual rewards based on average grocery spending and assess the overall value each card offers to consumers. Done with Debt provides valuable financial insights and assistance to help you manage your finances effectively and achieve your financial goals.
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