Top Grocery Rewards Credit Cards for 2020
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One of the tremendous benefits of using a credit card is the ability to earn cash back on your everyday transactions. The smart credit card consumers will analyze their expenditures and get a card that pays the most rewards on their top categories of expenditures.
Everyone has to buy groceries, so it is good to know which credit cards pay some of the top grocery rewards. Here are some of those cards:Capital One® Savor® Cash Rewards Credit Card gives cardholders 4% back on all dining and entertainment expenses, 2% cash back on grocery store purchases, and 1% back on all other transactions. There is no limit to the rewards you can earn. Plus, there is an early spend bonus of $300 if cardholders spend $3,000 on the card within three months of approval. There are no foreign transaction fees, but there is an annual fee of $95 that is waived during the first year. The APR is between 15.99% - 24.99% (Variable) depending on your credit worthiness.
Citi® Double Cash Card – 18 month BT offer offers you the chance to earn cash back twice on everything you buy. You earn 1% cash back on all purchases at the time of the transaction, and another 1% when payment is made for a total of 2% cash back. This card also offers 18 months of 0% APR introductory financing on balance transfers, as long as the balance transfer is made within the first four months of being a cardholder. The balance transfer comes with a 3% balance transfer fee. Once the promotional financing rate expires, a standard interest rate of 15.49% - 25.49% (Variable) will apply to the remaining balance, which is a variable rate based on the Prime Rate.
Capital One® SavorOne® Cash Rewards Credit Card is marketed to people who love dining out or creating meals at home. Cardholders earn 1% cash back on all purchases, but the rewards are particularly good on dining out and entertainment (3% cash back) and grocery store purchases (2% cash back). New SavorOne cardholders receive a $150 cash bonus when they spend $500 within the first three months of being a card member. The SavorOne card offers an introductory 0% APR for the first 15 months on purchases and balance transfers. After that, the rate increases to 15.49% - 25.49% (Variable), depending on the cardholder’s credit.
Citi Rewards+℠ Card is a fairly unique rewards card. Citi rounds up the ThankYou points earned with each purchase to the nearest 10. For instance, if a purchase qualifies for 15 ThankYou Points, that reward will be rounded up to 20 points. This occurs for every transaction, no matter how small. The card features a 15,000 ThankYou Point sign-up bonus. To earn the extra rewards, cardholders must spend $1,000 on the card during the first three months of card membership. The card earns two points per $1 spent at gas stations and supermarkets, for the first $6,000 in annual purchases made in those categories. All other transactions earn one point per $1. Cardholders will also get back 10% of their rewards on the first 100,000 points they redeem each year. The Citi Rewards+℠ Card has an introductory APR on purchases and balance transfers of 0% for the first 15 months. The standard APR is 14.99% - 24.99% (Variable), depending on credit worthiness. There is no annual fee on this card.
Capital One® Quicksilver® Cash Rewards Credit Card offers customers the same 1.5% cash back rewards on all purchases with no limits. Rewards never expire, and you can redeem them in any amount and at any time. New applicants also receive a $150 cash bonus when they use their card to spend $500 on new purchases within the first three months of account opening. This card also offers new applicants 15 months of 0% APR promotional financing on both new purchases and balance transfers, with a 3% balance transfer fee. After the promotional financing period expires, the standard interest rate of 15.49% - 25.49% (Variable) for purchases will apply, and the rate you receive will be based on your creditworthiness when you applied.