Ways to Save When Using Credit Cards for Groceries

Guide to Save on Groceries       Ways to Save When Using Credit Cards for Groceries

When used responsibly, credit cards provide a convenient way to save money at the grocery store. We’ve got a few tips to help you make the most out of every swipe – Be mindful these tips only make sense if you are able to pay off your credit card balance monthly. One month’s compounded interest alone can wipe out a year’s worth of cash back rewards.
  1. When picking a credit card, go for cash back versus miles. Unless you’re an avid traveler dedicated to a single airline, it’s more beneficial to earn cash back rewards you can spend however you want, versus airline miles that often come with strict usage and redemption limitations. Look for a card with no annual fee and at least $1 cash back for every $100 spent (1%). If you spend $150 per week on groceries, that adds up to $78 per year in free groceries alone!
  2. Take advantage of promotional windows. Many cash back rewards cards have monthly or quarterly promotions where certain categories (groceries, gas) or retailers (Walmart, Target) will bump your cash back from 1% to 5% for example – considering 12 weeks in a quarter, this can really add up. A $150 week grocery budget alone could add up to $90 in free groceries during a single quarter.
  3. Combine credit card rewards with manufacturer and retailer cash back rewards from Ibotta. In the past 10 years, Ibotta has paid more than $1.2 billion in cash back with many Savers joining the $1000 earnings club. New offers are being added daily, so be sure to check Ibotta before every trip to the grocery store.