If groceries are a common expense for you, why not take advantage of it by choosing the credit card that will give you optimal rewards for supermarket spending. After all, if travel is not your thing, it wouldn't make any sense for you to sign up for a credit card that's best for flights and hotels. Here are the cards that'll get you the best rewards if grocery shopping is one of your biggest expenditures:
- Rewards: Get six percent cash back when spending in US stand-alone supermarkets. The first $6,000 spent in supermarkets will qualify for the six percent cash back. After that, you will receive one percent cash back. Get three percent cash back on gas at at stand-alone gas stations and select department stores. Get one percent cash back on all other purchases.
- Sign-up bonus: Earn $150 reward dollars for spending $1,000 within three months.
- Annual fee: $75.
- APR:The APR rate is zero for the first year, then 12.99 percent to 21.99 percent.
- Pros: The points are easy to redeem and you can start earning cash back as soon as you get the card. You also get the typical benefits as an American Express card holder which includes roadside assistance, car rental damage and loss insurance, extended warranty for up to one year, and more. Further, you get access to the Blue Savings program, that offers members discounts on things like Hertz rentals (up to 25 percent off) and more.
- Cons: Fees are pretty high and don't get waived in the first year. You need a high credit score to get approved. There is a 2.7 percent foreign transaction fee and American Express isn't accepted everywhere.