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?
You can view credit card offers by going to the "Credit Card Offers" tab. Find offers for the respective cards in "Point Rewards Credit Cards" and "Cash Back Credit Cards." You don't have to use our links, but we're grateful when you do. Thank you for supporting AskSebby!
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.
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