Top Cashback Cards for Groceries and Gas
When it comes to maximizing savings on everyday spending, cashback credit cards can be a valuable financial tool. Those who frequently purchase groceries or fuel for their vehicles can greatly benefit from specific cards designed to provide enhanced rewards on these categories. Here is a detailed look at some of the best cashback cards available, specifically tailored for grocery and gas purchases.
1. Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express is known for its high cashback on supermarkets and gas stations. Here’s a breakdown of its features:
- Cashback Rates: Offers 6% cashback at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and 3% on gas stations.
- Annual Fee: $95, but it typically pays for itself if you spend heavily in the bonus categories.
- Welcome Offer: New cardholders can earn a bonus cash back after spending a set amount within the first few months.
- Other Benefits: Includes access to Amex Offers and Purchase Protection.
2. Chase Freedom Flex℠
The Chase Freedom Flex℠ is a versatile option offering rotating categories every quarter, which often include groceries and gas.
- Cashback Rates: Offers 5% on up to $1,500 in combined purchases in bonus categories each quarter (which frequently includes grocery stores) and 1% on all other purchases.
- No Annual Fee: This card is a good choice if you want to avoid annual fees while still earning significant cashback.
- Sign-Up Bonus: New customers can earn a cash bonus after spending a required amount within the first few months.
- Additional Perks: Includes purchase protection and travel insurance.
3. Citi Double Cash Card
The Citi Double Cash Card provides an excellent plan for those who want a straightforward cashback model that rewards all spending, including groceries and gas.
- Cashback Rates: Earns 1% cashback on every purchase and an additional 1% as you pay for those purchases, effectively offering up to 2% cashback.
- No Annual Fee: This makes it a flexible option for consumers who don’t want to commit to a card with a yearly cost.
- Other Features: Comes with access to Citi’s Easy Deals and identity theft protection.
4. Wells Fargo Propel American Express® Card
The Wells Fargo Propel American Express® Card stands out for its no annual fee and solid cashback on diverse categories, including grocery and gas.
- Cashback Rates: Offers 3% cashback on dining, gas stations, rideshares, and travel purchases, and 1% on all other purchases.
- No Annual Fee: This card promotes affordability while providing solid rewards on essential expenses.
- Sign-Up Bonus: Attractive bonus offer for new users who meet the initial spending requirement.
- Benefits: Travel and emergency assistance services, and cell phone protection plans.
5. Discover it® Cash Back
The Discover it® Cash Back card is another compelling option due to its rotating cashback categories, which typically include groceries and gas.
- Cashback Rates: Offers 5% cashback in rotating categories (like groceries and gas) on up to $1,500 in purchases each quarter when activated. 1% on all other purchases.
- No Annual Fee: An attractive perk for those looking to save on costs.
- Cashback Match: Discover matches all cashback earned in the first year, effectively doubling your rewards.
- Additional Perks: Includes access to cashback tracking tools and the ability to redeem rewards at any time.
6. Capital One SavorOne Cash Rewards Credit Card
The Capital One SavorOne Cash Rewards Credit Card is designed for those who enjoy food and fun while also wanting to save.
- Cashback Rates: Provides 3% cashback on dining, entertainment, and groceries, and 1% on all other purchases.
- No Annual Fee: This well-rounded card is perfect for budget-conscious shoppers.
- Sign-Up Bonus: Enjoy a one-time cash bonus after spending a specific amount in the first three months.
- Other Benefits: Offers purchase protection and travel insurance.
7. Target REDcard™
For those who frequently shop at Target, the Target REDcard™ can provide significant savings on grocery purchases.
- Cashback Rates: Offers 5% off every purchase at Target, including groceries.
- No Annual Fee: A no-fee card makes it easy to save.
- Exclusive Deals: Cardholders can take advantage of special promotions and early access to sales.
- Additional Features: Can be used for free shipping on online purchases and comes with flexible return policies.
8. Sam’s Club Mastercard®
The Sam’s Club Mastercard is a fantastic choice for club members who buy groceries and gas regularly.
- Cashback Rates: Offers 5% on gas (on the first $6,000 per year), 3% on dining and travel, and 1% on all other purchases.
- Membership Required: You need a Sam’s Club membership to apply for this card, which has its annual fee of around $45.
- Safe to Use: Cardholders enjoy zero fraud liability and no foreign transaction fees.
- Additional Discounts: Benefits from additional savings on select categories.
9. Costco Anywhere Visa® Card by Citi
For Costco members, the Costco Anywhere Visa® Card is an excellent option for cashback rewards on groceries and gas.
- Cashback Rates: Offers 4% on gas (up to $7,000 per year), 3% on restaurants and eligible travel, and 2% on all Costco purchases.
- No Annual Fee: No annual fees if you are already a Costco member.
- Easy Redemption: Cashback is redeemed once a year as a reward certificate that can be used at Costco.
- Additional Coverage: Includes auto rental insurance and travel accident insurance.
10. Fidelity Rewards Visa Signature® Card
For those looking to combine cashback with investment opportunities, the Fidelity Rewards Visa Signature® Card is worth considering.
- Cashback Rates: Earns 2% cashback on all purchases, including groceries and fuel.
- No Annual Fee: This straightforward cashback model allows cardholders to invest rewards.
- Investment Benefits: Rewards can be deposited directly into a Fidelity investment account.
- Extra Features: Offers purchase and travel protections, plus no foreign transaction fees.
Selecting the right cashback card for groceries and gas can significantly impact your overall budget. With numerous options, consumers should consider their spending habits, the annual fees involved, and the card incentives. Maximizing rewards while minimizing costs can yield significant savings throughout the year.
