According to the U.S. Department of Agriculture, the average American consumer spends around 6% of their budget on food. Most households allocate a couple hundred dollars each month for groceries.
There are a few options when it comes to 5% cash back category credit cards and dedicated grocery credit cards, so which one do you pick?
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5% Cash Back Category Credit Cards
The Chase Freedom and Discover It cards usually have at least one quarter each year that has groceries as the 5% cash back category. If you don't plan on spending more than $1,500 per year on groceries, I recommend buying gift cards to your grocery store of choice to maximize the category.
Amex EveryDay vs. Amex Blue Cash
If you plan on spending more than $1,500 on groceries per year, then a dedicated credit card for groceries might be for you.
Check out the spreadsheet below to calculate which card works best for you.
Plug in your own numbers in the calculator here: http://bit.ly/2EnRpEB
Download or Save As your own copy. Modify the YELLOW cells.
The ideal time to start building your credit is when you’re a student because it will set you up for success in the long-term. Here’s an analysis of the best student credit cards on the market.
The Crystal Visa Infinite credit card by City National Bank is one of the few Visa Infinite cards on the market with access to the Visa Infinite Discount Travel Portal. Although the card has been on the market for a while, I haven’t reviewed it yet because it has a unique underwriting process, and there is not always a signup bonus available.
The cards in my wallet rotate each month depending on if there’s a new 5% cash back category or if I’m trying to hit the minimum spend on a new credit card. For the month of September, I have the Cash Card, Amex SPG Luxury card, Chase Sapphire Reserve, and my Costco card.
Best Western is a global budget-friendly hotel chain that has a status match program. If you have status at any other hotel loyalty program, you can status match to Best Western Elite.
The Discover It and Chase Freedom are cards that feature rotating 5X cash back categories each quarter you activate. Earn 5X on up to $1,500 in combined category purchases for each card.
Chase 5/24 has an unofficial rule that states that if you have opened 5 or more credit cards from ANY credit issuer in the past 24 months, you will not be eligible for select Chase cards. In the past year, Chase has added a handful of new cards, and application rules have also changed.
Increased bonuses of the month highlight keeper cards that have a higher than usual intro offer. This month features the IHG Rewards Club Premier, Amex Hilton Aspire, and the Amex SPG Business cards.
Priority Pass Select is a benefit that’s offered with select premium travel credit cards. Be aware that the benefit level may vary based on the credit cards you have.
If you're someone who flies JetBlue and is invested in their credit card ecosystem, there is a 2-card set up available to optimize for points. The Barclays JetBlue Plus + JetBlue Business 2-card setup is interesting because the 10% rebates stack, meaning you get a 20% rebate if you hold both cards.
After much anticipation, The Hyatt Regency Bali is currently taking reservations for 2019! It's a Category 1 hotel, so it will only cost 5,000 Hyatt points per night