Below, you can find a recap of WalletHub’s editors’ picks for the best grocery credit cards for different types of people, which should help lead you to a money-saving selection.
4 Tips for Picking a Grocery Credit Card
Much like the best deals at the grocery store, finding the right credit card for groceries can be tough. Here are some tips for making this shopping trip, plus those you embark on with your new plastic, as fruitful as possible.
- Check Your Latest Credit Score – You can’t seriously shop for a credit card until you know your credit score. The best rewards cards typically require at least good credit for approval, after all. If you don’t know where you stand, you can check your latest credit score for free on WalletHub.
- Consider Your Shopping Preferences – Do you already have a favorite grocery store? Then you probably don’t want a credit card that forces you to commit to different one. How much do you spend on groceries each month? This may impact how rewarding some cards turn out to be. And the answer will help you decide whether it’s worth paying an annual fee.
- Decide How Many Cards You Can Manage – Odds are you’re going to spend money on more than just groceries. So if you only want one card in your wallet, you’ll need to consider more than a card’s grocery rewards and annual fee. On the other hand, if you want to use a collection of cards for specific purposes (i.e. the Island Approach), you can have a more limited scope.
- Compare Non-Grocery Credit Cards – Just because a credit card advertises grocery rewards doesn’t mean it’s necessarily the best credit card for groceries, and vice versa. So don’t forget to check how the best rewards credit cards – particularly the best cash back cards – compare for the types of purchases you plan to make.
Comparing your favorite credit card for groceries to the best offers from the rest of the rewards card universe will help ensure that you wind up with the best deal. For more advice, check out WalletHub’s guide on choosing the best credit card for your needs. You can also sign up for a free WalletHub account to get personalized credit card recommendations, based on your latest credit score.
Best Credit Cards for Groceries Compared
|Grocery Credit Cards||Annual Fee||Grocery Rewards|
|Blue Cash Preferred® Card from American Express||$0 intro 1st yr, $95 after||6% cash back at U.S. supermarkets (on up to $6,000 per year)|
|Capital One® Savor® Cash Rewards Credit Card||$95||3% cash back|
|Capital One SavorOne Cash Rewards Credit Card||$0||3% cash back|
|Petal® 2 Visa® Credit Card||$0||Up to 1.5% cash back|
|Amazon Visa Signature Card||$0||3 points per $1|
|Amazon Business American Express Card||$0||3% cash back at Whole Foods|
Methodology for Selecting the Best Grocery Credit Cards
To identify the best credit cards for groceries, WalletHub’s editors regularly compare more than 1,500 credit card offers based on their rewards rates, annual fees and approval requirements. We focus on the net rewards value cardholders will earn from their grocery purchases, after annual fees have been subtracted, using spending data from the Bureau of Labor Statistics.
In addition to selecting the best credit cards for groceries overall, we choose the top credit cards that combine grocery rewards with rewards in another popular spending category, such as dining out at restaurants or travel. Similarly, we take into account other valuable features, like initial rewards bonuses and 0% introductory APRs, when making these selections.
For cards that offer initial rewards bonuses, we include the bonus if a cardholder would earn it by spending an average of $700 per month for up to four months. And for our heavy-spender category, we double the expected spending. Any other bonuses past the four-month mark that require spending to earn are included in calculations if the spending requirement can be met based on the standard spending assumptions we used.
Finally, given that everyone has to eat, not just people with good or excellent credit, we make sure to select the best credit cards for groceries for people of all credit levels. This includes students, others with limited credit, and people with poor credit.