The Credit Cards So Many Americans Are Using To Save On Their Groceries

One of the best ways to save money right now is to cook at home rather than order takeout or dine at a restaurant. While these can be nice treats every now and again, they can really hurt your finances if you do them too often. Of course, that doesn’t mean that buying groceries is necessarily cheap. According to Esri, the average American spends $5,174 on these every year. That’s more than $400 a month just to have food in the house.

Luckily, there are ways to ensure that you don’t break the bank when buying your groceries. If you use the right credit card, you can get cash back on your spending and potentially even receive some interest-free periods too. With so many cards out there to choose from, though, you might not be sure which is the right fit for you. That’s why we’ve analyzed the credit cards so many Americans are using to save on their groceries to see which are the best.

Blue Cash Preferred Card from American Express

One of the best credit cards to help you save money on groceries is the Blue Cash Preferred Card from American Express. With this, you apparently receive 6% cash back from US supermarkets for spending of up to $6,000 a year. So, if you spend as much as the average American does on groceries, you could make back several hundred dollars. On top of this, you also reportedly get 6% cash back on certain streaming subscriptions and an additional 3% cash back at US gas stations. Unfortunately, you do have to pay an annual fee of $95, but only after the first year.

American Express Gold Card

Another of the recommended credit cards for saving money on groceries is also by American Express. This is their Gold Card, through which you can earn quite a few rewards. One of these is apparently the opportunity to get 4x Membership Rewards points at US supermarkets and restaurants for purchases of up to $25,000 a year. You can also reportedly receive 3x points for certain travel bookings and 1x points on various other purchases. You probably won’t save quite as much money on your groceries with this credit card, and the annual fee is $250. However, with additional benefits like $120 dining and Uber cash credit throughout the year, this card is definitely worth considering.

PenFed Platinum Rewards Visa Signature Card

One of the worst parts about going out and buying groceries is the fact that you use up fuel. This stuff isn’t cheap nowadays, which is why the PenFed Platinum Rewards Visa Signature Card might be worth getting. With this, you reportedly receive 5x points on purchases made at the gas pump or the EV charging station. As for groceries, you apparently get 3x points for every $1 spent. Plus, if you spend $1,500 in the first three months, you apparently get a 15,000 points bonus. All of that without having to pay an annual fee. The only major downside is that there’s a 3% balance transfer fee.

Chase Sapphire Preferred Card

You may prefer to do your grocery shopping online rather than in person nowadays. If so, the Chase Sapphire Preferred Card may be more to your liking. With this, you can apparently earn 3x points with these online purchases, provided you’re not buying from places like Walmart or Target. You can also get 3x points on dining and certain streaming services, plus 5x points on travel that you’ve bought through Chase Ultimate Rewards. Another benefit is that you don’t get charged fees for purchases made outside of the US, which could be ideal if you’re someone that travels a lot. The downside? A $95 annual fee.

Amazon Prime Rewards Visa Signature Card

If your preferred places to shop for groceries are Whole Foods or Amazon, then this next card is something to think about. The Amazon Prime Rewards Visa Signature Card reportedly offers 5% cash back at both places, along with 2% at restaurants and gas stations, and 1% on all other purchases. Along with that, you apparently receive a $100 Amazon gift card as a welcome bonus. Plus, the only annual fee you have to worry about is your prime membership. So, while you might be quite restrictive with where you can buy your groceries from, the card is ideal if you already shop there.

None of these credit cards are perfect, but it’s clear that they offer some perks that could help you to save money on your groceries. Plus, the fact that these benefits vary quite significantly means you should be able to find the card that works best with how you shop.