This summer — especially June — is an interesting time for grocery store bonuses on more than a dozen credit cards.
Let’s check out what we think are the best credit cards for grocery shopping this month!
1. Chase Sapphire Reserve
Why: Never did I think the Chase Sapphire Reserve would top of a list of credit cards for grocery store purchases!
Through June, a number of Chase credit cards earn bonus points at grocery stores. The Chase Sapphire Reserve earns a big 5X per dollar spent. Plus, points earned at grocery stores can be redeemed toward statement credit at 1.5 cents each through September. (Or, of course, travel purchased through the Chase site.) This effectively makes each grocery store dollar worth at least 7.5 cents back, depending on how you redeem your points.
But wait! There’s more!
Through the end of 2020, the Chase Sapphire Reserve‘s $300 travel credit extends toward grocery store and gas station purchases. Depending on how much (if any) of your credit remains, you can score up to $300 in groceries.
2. American Express Blue Cash Preferred Card
Why: Amex’s Blue Cash Preferred Card earns 6% cash back on grocery store purchases, up to $6,000 in annual spending. The cashback is awarded in the form of statement credits.
There’s also currently no APR on purchases or balance transfer for the first 12 months your account is open.
3. Chase Freedom
The Chase Freedom card’s 5X quarterly bonus category currently rewards grocery store purchases through the end of June.
(Thanks for the reminder, John!)
4. American Express Gold Card
Why: You earn 4X per dollar spent at supermarkets when paying with your American Express Gold Card. (The 4X benefit is capped at $25,000 per year in spending at supermarkets).
You can transfer your points at a 1:1 ratio to a number of participating Membership Rewards travel partners — or use them to purchase points/miles earning travel through Amex’s travel site. This gets especially lucrative if you hold the Business Platinum Card from American Express: pool your points together and enjoy a 35% rebate on select airfares when you Pay with Points!
5. Chase Sapphire Preferred
These points can be redeemed toward statement credit through September at 1.25 cents each. (And, of course, travel purchased through the Chase.) So each grocery store dollar spent is worth at least 3.5 cents back.
Tie for 6: The Hilton Surpass and Hilton Aspire Cards
Hilton Honors points are worth — on average — about .5 cents each. So you get about 6 cents per dollar spent at supermarkets.
Why Are the Hilton Cards at the Bottom of the List?
So why do the Hilton cards end up so low if they earn approximately 6 cents back per buck?
We feel that cards with transferrable points (e.g. the Chase Sapphire Reserve, American Express Gold Card, etc) hold more value than co-branded cards. (e.g. the Hilton Surpass and Aspire cards). They’re more versatile in terms of redemption, have a better “shelf life,” and help you earn points if you use them to purchase air travel through their issuer’s travel site.
(Sorry, affiliate conspiracy theorists. This list’s order has nothing to do with affiliate earnings. I promise you. If that were the case, these rankings would be completely different.)
Great Opportunities for Grocery Shopping in June!
There are several food-centric holidays this month, so earn points and take part!
If you celebrate Juneteenth, that’s on June 19 (of course). And if you celebrate Father’s Day, that’s on June 21 this year. And stock up on non-perishables for the Fourth of July (frozen treats, canned goods, alcohol…)
Featured image: ©iStock.com/Antonio_Diaz
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