Best Rewards Credit Card for Gas and Groceries

Best Rewards Credit Card for Gas and Groceries

October 21, 2019         Written By Lynn Oldshue

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Two of your most common purchases are likely groceries and gas for your car. After all, everyone needs to eat and many Americans commute to work every day. If you are looking to maximize your credit card rewards, you will likely want to find one that offers increased benefits on these common purchases.

Here is a list of some of the best rewards credit cards for gas and groceries.

Capital One Savor Cash Rewards Card

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The Capital One Savor card was developed for foodies, so it offers higher cash back rewards for dining and grocery purchases. Currently, new account holders can earn a $300 bonus cash bonus when they spend $3,000 within the first three months. Card members earn 4% cash back on dining and entertainment, 2% cash back on grocery store purchases, and 1% cash back on all other transactions. There are no limits on how much you can earn. There is a 3% balance transfer fee, and an annual fee of $95 which is waived during year one.

Citi Double Cash Card

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While not specifically geared towards grocery and fuel purchases, the Citi Double Cash Card does offer excellent rewards and charges no annual fee. Cardholders can earn up to 2% on every purchase, earning 1% cash back when the purchase is made, and an additional 1% cash back when they pay for that purchase. There is no limit to the amount of rewards that can be earned. For the first 18 months, new account holders can also enjoy 0% APR on balance transfers.

Bank of America® Cash Rewards Credit Card

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The Bank of America® Cash Rewards Credit Card is an outstanding cash back card. It offers 1% cash back on all purchases, but 2% on transactions made at grocery stores and at wholesale clubs, and 3% on a category of your choice: gas, online shopping, dining, travel, home improvement/furnishings or drug stores. These increased payouts are applicable on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter. Cardholders can update their choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and the category stays the same. If you’re a Bank of America Preferred Rewards member, you can earn 25% – 75% more cash back on every purchase. New customers can earn a $200 online cash rewards bonus after spending $1,000 in the first 90 days of opening an account. In addition, new applicants will get 15 billing cycles of 0% APR on both new purchases and balance transfers. The balance transfers must be completed within 60 days of account opening, and a 3% balance transfer fee applies. The card has an APR ranging from 15.74% - 25.74% Variable APR on purchases, depending on your credit worthiness. The card has no annual fee but there is a 3% foreign transaction fee on transactions made outside of the United States.

Chase Freedom

The Chase Freedom card offers card holders 5% cash back on rotating categories each quarter—up to $1,500. This year, from January through March, the bonus categories included gas stations, Internet/Cable/Phone services, and mobile payments. From now until June, grocery stores, PayPal, and Chase Pay are the bonus categories. All other purchases earn 1% cash back.

Discover it 

The Discover it credit card also changes bonus categories every quarter, which means every three months cardholders will earn increased rewards in particular categories. Last quarter, card members earned 5% cash back at gas stations and wholesale clubs, and currently, 5% cash back will be earned at grocery stores. This bonus cash back is limited to $1,500 each quarter. All other purchases will earn 1% cash back, and there are no limits to how much you can earn. Discover is giving new cardholders an introductory offer. They will automatically match all cash back earned within the first year. Additionally, new card members will receive 0% APR on all purchases and balance transfers for 14 months.



The information contained within this article was accurate as of October 21, 2019. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


lynn-oldshue

About Lynn Oldshue

Lynn Oldshue has written personal finance stories for LowCards.com for twelve years. She majored in public relations at Mississippi State University.
View all posts by Lynn Oldshue
Top Features : 4% cash back on dining & entertainment, 2% at grocery stores; $300 bonus after spending $3000 in first 3 months
Top Features : Only card to round up rewards to nearest 10 points; 15,000 bonus points after spending $1,000 in first 3 months
Top Features : $200 bonus after spending $1,000 in first 90 days; no annual fee
Top Features : No annual fee; 3% cash back on dining & entertainment; 2% on groceries; $150 cash bonus after spending $500 in first 3 months
Top Features : No annual fee; 0% intro APR on purchases for 7 months; only student card to round up rewards to nearest 10 points
Top Features : No annual fee; earn 2 AAdvantage® miles for each $1 spent at grocery stores & on eligible American Airlines purchases