Best Credit Cards for Groceries

Hey I’m Adam Jusko from and in this video we’re gonna talk about the best credit cards for
groceries here in 2018. Before we do that, I would ask you to please subscribe to
our YouTube channel if you have not already and if you have I thank you very
much. So we’re gonna look at about 10 cards here. There’s some that are sort of
the top tier in terms of getting the best rewards for your grocery purchases
and then there’s some others to consider depending on what your spending habits
are. So the first two that we are going to look at are sort of the
cream of the crop here and the big one if you are someone that has to purchase
groceries often and in large volumes is the Blue Cash Preferred card from
American Express. Now this is a card that has a $95 annual fee.
However, you are going to get a 6% cash back
amount on your groceries, on up to six thousand dollars worth of groceries per
year. You’re also going to get three percent on purchases at gas stations and
most US department stores, although not some of your stores like Target, Walmart
and that kind of thing And then you get 1% back on everything else. Plus
you can get a $200 bonus on that card if you spend a thousand
bucks in the first three months. Now American Express also has another card
that is good for groceries that has no annual fee and that is the Blue Cash
Everyday card. Now that one gives you three percent on your grocery purchases,
two percent on gas stations and department stores, and one percent back
on everything else. And you can earn one hundred and fifty dollar bonus on that
one, too, if you spend a thousand dollars. Now since you are watching this video
and maybe you’re interested in rebates on groceries in particular I would tell
you that the Blue Cash Preferred is good for you if you spend at least around
three thousand dollars over the course of the year on groceries, that’s about
sixty dollars a week. You need to get a little bit above that three thousand
dollar mark for it to make sense over the no annual fee card,
and for a lot of people $60 a week in groceries is a no-brainer, you
can hit that with no problem. Plus you have those other rebates if you use the
card in other ways. But even if you want to just stick straight to
groceries, that Blue Cash Preferred is going to make sense if you really make a lot of purchases of groceries. So those are the two sort of
big ones to consider, and I think the ones that most people would go after in
normal circumstances if they are looking for a grocery card. Now I am making this
video in April of 2018 and currently there are two cards that are giving 5%
cash back on groceries, but only through the end of June of 2018 — although this
could crop up again in the future — and those cards are the Discover
It card and the Chase Freedom Card, which, if you don’t know how they work, you get
5% cash back on certain purchasing categories each calendar quarter but
those purchasing categories change each calendar quarter. So right now as I’m
making this video you can actually get 5% back on your grocery purchases with
either one of those cards they both are kind of running the same thing in terms
of the purchasing categories. But a few months from now that’s gonna
go away, so depending on when you’re watching the video it may not be
something that is relevant, but you should keep your eye out for
that and consider that as another card or two cards that are a possibility in
the future… or in the present depending where you’re at. Another note on that
Discover It card. At the end of your first year with Discover, so if you’re
new to the card, Discover will actually double your earnings for the year. So if
you think about it, if you got 5% on your grocery purchases during that
time when the purchasing categories were the 5% for groceries, and that gets
doubled at the end of the year, you’re essentially getting a 10% rebate on your
groceries during that period — at least for your first year of having the
Discover card. Now there are limits on these cards in terms of how much you can… how much you can purchase in those purchasing categories and get the 5%. I believe it is $1,500 for both of them for the calendar quarter, but you’ll want to
check that out. So now we’ll look at some other cards that have good rebates on
grocery purchases, but aren’t as good as what we talked about with the American
Express card or these sort of limited time offers. These cards are all going to
give you at least two percent either cash back or in rewards on your grocery
purchases, and they also have something else about them that makes them more
worthwhile than just a regular 2% cash back card, because you
could do that fairly easy in today’s market. So the first one I’ll
talk about is the PenFed Platinum Rewards Card — that’s Pentagon Federal
Credit Union. That is one that gives you three points per dollar on your
supermarket purchases and you also get five points per dollar when you use it
at the pump at gas stations. So those are pretty nice rewards. If you’re not
really familiar with PenFed or Pentagon Federal Credit Union it is a
fairly easy credit union to get membership in. You don’t
necessarily have to be a military member… that’s kind of how it seems on the
surface, but it is fairly easy to actually get a membership. You have to
pay sort of a nominal fee in order to get membership if you don’t have a
military background or you’re not somehow associated with the military, and that
gives you access to their credit cards and a lot of other good banking
products there, too. So it’s something to consider. And you can look on their
site to see sort of how membership works. Now another credit card that is sort of a regional credit card if you’re not in their area you might not qualify for this, but if you do, the
Huntington Voice rewards card allows you to choose a category that you get three
points per dollar back on and one of those categories is groceries. So if you
decide that you want to get that card and you choose groceries,
you’re going to get three points per dollar, just essentially three
percent cash back on those purchases. Next is the US Bank
Cash Plus card. This is a pretty good card that doesn’t really get
talked about very much in general, maybe because it’s not in one of the, you know,
one of the big credit card issuers that you’ll see all over in credit card
comparison sites. This is a card that will give you two percent cash back on
groceries, which is OK, but you also get five percent cash back on two other
categories of your choosing. And those are things like cell phone and wireless
services, movie theaters, public transportation, there are a bunch of
different categories that you can choose from there. And then you get… so you get
five percent there and you get the 2 percent on groceries. The Capital One
Savor card gives you 2 percent on groceries, you also get three percent on
your dining purchases — there’s no limit to how much you can earn with that one
in those categories, which makes it a little different than some of these that
sometimes have caps on how much you can spend in each calendar quarter or year.
You can also earn a hundred fifty dollar bonus on that card with only five
hundred dollars in purchases in the first three months, so that is a another
one to consider. The Bank of America Cash Rewards card… another one that gives you 2 percent on groceries and wholesale clubs — and sometimes wholesale clubs are left out of these other other cards, sometimes it’s only grocery stores not
wholesale clubs so this one maybe is a little different if you are a wholesale
club purchaser — you’ll get two percent on your groceries, you’re gonna get… oh I
lost my place here… you’re gonna get three percent on gas, that’s what it is. And that’s up to a twenty five hundred dollar limit for the quarter. You can
also earn a bonus one hundred and fifty dollars if you spend at least five
hundred bucks with that one. And then finally the Amazon Rewards Visa
is sort of an honorable mention card because the rebates you’re gonna get
here, number one are only at Whole Foods and, number two, are only ones
that you generally use at Amazon. So if you have the Amazon Prime Rewards Visa, you can get a five percent reward on your Whole Foods
purchases… I knew I could do it… and also there 5% on your Amazon purchases. If you have the regular Amazon rewards card, you’re only going to get
three percent on your Whole Foods purchases and Amazon purchases. And then you get — what — two percent back on restaurants, gas stations, and drugstores,
one percent cash back or one percent reward on everything else you buy. So if
you’re a big Whole Foods fan, that’s a card that you should consider, but if you’re
really not, you’re not going to get that reward at other
grocery stores. So those are quite a few to consider. I hope the video was helpful
to you, I hope you will subscribe if it was helpful to you. And also please visit
our website where we do other credit card reviews and comparisons and have other personal finance info, too. Thanks
for watching.

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