Many consumers do not realize that they can earn money back if they use their credit card to buy groceries. However, if you plan on using your credit card for groceries often, you’ll get more out of it. Keep reading to learn how to maximize your rewards. This article covers topics like choosing the best card, maximizing your cash back rewards, and redeeming your rewards. After reading this article, you will be well on your way to becoming a credit card superstar!
Cashback Rewards
There are several ways to get a refund when using credit cards for groceries. If you shop at grocery stores regularly, you may qualify for one of several reward cards. For example, grocery store reward cards can earn up to four points per dollar spent in U.S. grocery stores. However, there are limitations. You must spend a minimum of $2,500 per quarter to qualify for a refund. If you’re running errands, you might want to consider another card that offers unlimited rewards.
Some grocery-focused credit cards also offer additional benefits, such as travel protection, dining, and entertainment benefits. These “extras” can make the card more valuable, so be sure to check the details before committing to a card. To be sure, check your statement or call the publisher’s customer service.
Choosing the best card
If you plan on using a credit card for groceries often, consider using a rewards card. This way you can maximize the value of your reward dollars. However, you should consider whether you really need the extra cash or if you want to earn points for travel. Some people prefer to use these cards instead of cards that require an annual fee. Here are some tips to help you decide which card is best for you.
First, consider your shopping habits. If you only do the occasional grocery shopping, you probably want to avoid a credit card with high interest rates and low cash back. Likewise, if you tend to buy a lot of frozen foods and products, a rewards card for online purchases is better than a cash back card. American Express blue benefits have special categories where you can earn bonus points for buying items that are not sold in the stores.
Compare different cards to find the one that offers the best rewards. Doing so will give you a credit card that offers more value.
Redeem Rewards
There are several credit cards for shopping who offer points or money back. This type of card may be more appealing to people looking to earn rewards for travel, but it may not be ideal for everyone. The interest on these cards tends to be higher than other purchases, so consumers may want to consider using them for groceries only. The best way to decide which credit card to use for groceries is to try several.
Many cash back credit cards offer statement credits, which is a great way to redeem points or get cash back. This is especially beneficial if you often use your card for essential expenses such as groceries. So you don’t have to worry about reserving a gift card every time you go shopping. While statement credits are cheaper than gift cards, they can save you a significant amount of money.
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