For most Americans, grocery shopping eats up a huge chunk of their monthly budget. And even though travel is not top of mind for many, you can (and should) still be earning all points, miles, or even cashback you can to put toward future travel.
As luck would have it, tere has perhaps never been a more rewarding time to use a travel rewards credit card at the grocery store. As more Americans are staying home, grocery spending is up. The banks know this and want to reward you for using your credit card to make your purchase.
We’ll break down the best cards to use at U.S. grocery stores. If you spend a lot on this category, one of the cards listed below should be at the top of your wallet – at least for now.
The Chase Freedom Unlimited
New Chase Freedom Unlimited cardholders will earn $200 cashback after spending $500 on purchases within the first three months of card membership, or 20,000 Chase Ultimate Rewards points if you’ve got a card that earns Chase points like the Chase Sapphire Preferred Card or the Chase Sapphire Reserve.
In addition to the bonus cash back or points, you’ll also earn 5% back (or 5x Chase Ultimate Rewards point) on up to $12,000 of spending at grocery stores for the first 12 months. Unfortunately, this excludes stores like Target and Walmart.
And this offer is only available for new cardholders. If you already have a Chase Freedom Unlimited, you won’t be eligible to earn 5% back (or 5x points) on grocery store purchases. But if you don’t have the no annual fee Freedom Unlimited and you can get approved for it, there is no better card to use at the grocery store right now.
Click Here to learn more about the Chase Freedom Unlimited.
The Chase Sapphire Reserve
On July 1, Chase announced that the Chase Sapphire Reserve will now earn 5x Ultimate Rewards points for every dollar spent on Instacart purchases up to $3,000 through September 30. You’ll also get a $50 statement credit for an Instacart Express membership, which typically costs $99 a year.
But one of the best reasons to use a Chase Sapphire Reserve Card at the grocery store right now is the new Pay Yourself Back feature. Through September 30, you can use Chase Ultimate Rewards points to pay yourself back for purchases made at grocery stores, restaurants, and home improvement stores.
And when you do so, each point will be worth 1.5 cents towards groceries. So a $100 charge at a grocery store can be erased from your statement for only 6,666 points.
Click Here to get more information about the Chase Sapphire Reserve.
The Chase Sapphire Preferred Card
Like the Sapphire Reserve, the Chase Sapphire Preferred card also got a temporary Instacart multiplier through September 30.
The Chase Sapphire Preferred will now earn 5x Ultimate Rewards points for every dollar spent on Instacart purchases up to $3,000 through September 30. You’ll also get a $50 statement credit for an Instacart Express membership, which typically costs $99 a year.
This is a huge boost to the card’s benefits that already offers 2x points per dollar spent at restaurants and on travel, and 5x points per dollar spent on Lyft rides all for an annual fee of $95.
And also like the Chase Sapphire Reserve, the Pay Yourself back feature can be used to erase grocery store purchases from your account through September 30. Each point will be worth 1.25 cents so a $100 purchase can be erased with 8,000 Chase Ultimate Rewards points.
Click Here to get more information about the Chase Sapphire Preferred Card.
The American Express Gold Card
The American Express Gold Card should be a mainstay for your grocery store spending.
The card offers 4x Amex Membership Rewards points per dollar spent at U.S. supermarkets on up to $25,000 in spending each year. After that, you will earn 1x point per dollar spent. Further, the card offers a welcome bonus of 40,000 Membership Rewards points after spending $4,000 in the first three months of card membership.
Unlike the others, this isn’t a temporary benefit. Since the card was refreshed back in 2018 it has offered 4x points per dollar spent on groceries, making it a staple on this list.
The grocery category multiplier is a big reason I feel the card is worth the $250 annual fee since I spend a decent amount of money at US supermarkets. Spending $6,000 each year at U.S. supermarkets with this card would yield around 24,000 Membership Rewards points. To me, that alone is nearly enough to justify the annual fee in and of itself.
Click Here to learn more about the American Express Gold Card.
The Blue Cash Preferred Card from American Express
Not everybody values points and miles. If you spend a lot of money at U.S. supermarkets but would rather earn cashback, the Blue Cash Preferred Card from American Express is another good option.
The card earns 6% cashback at U.S. supermarkets on up to $6,000 of purchases each year. After that, you will earn 1% back. Spending $6,000 each year at U.S. supermarkets with this credit card would yield $360 cashback – almost four times the amount you pay for the card’s annual fee.
- Earn a $250 statement credit after you spend $1,000 within the first three months of card membership
- 6% cashback on select U.S. streaming subscriptions.
- 3% cashback on transit including taxis/rideshare, parking, tolls, trains, buses and more.
- 6% cashback at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 3% cashback at U.S. gas stations.
- 1% cashback on other purchases.
- Annual Fee: $95
Click Here to learn more about the Blue Cash Preferred Card from American Express
As travel is largely off the table, banks are pivoting and trying to reward consumers for the spending they are doing currently. And in no category is that more prevalent than grocery stores.
There has arguably never been a more rewarding time to shop at the grocery store. But many of these offers are only for a limited time so don’t wait to take advantage!