Here are the best credit cards for consumers to choose among. Spend as little as $1,600 on groceries per year to earn $96, which is enough to cover its ongoing annual fee. But cardholders will earn much more than that after accounting for the card’s gas and streaming rewards. Also, while the card is restricted to earning 6% cash back at U.S. supermarkets (excluding Walmart, Target, and Costco) an easy work around is to purchase gift cards for other retailers at the grocery store. That way, you can earn that high 6% cash back rate with more than just grocery stores. With the cost of everyday goods on the rise, having a credit card that earns a strong rate for both gas and groceries, as well as for something that can help consumers relax a bit (i.e. streaming services), could go a long way. Curious to see how it stacks up to the competition? Check out our choices for the 5 best grocery credit cards. Pros
6% cash back at U.S. supermarkets and for select U.S. streaming services3% cash back a U.S. gas stations0% intro APR offer for new purchases and balance transfers for 12 months (then 18.24% to 29.24% variable)
Cons
Ongoing Annual fee$6,000 annual spending limit on groceries$25 minimum redemption
Each point is worth 1 cent and can be redeemed for statement credits, which means the card essentially earns 4% cash back at gas stations. So, if you spend $2,500 annually on gas, you’ll earn $100 back, which covers the fee. While that might seem steep, with record-breaking gas prices, it wouldn’t be surprising to see even higher levels of annual spending. For example, according to Yardeni Research, a US household could spend more than $5,000 on gas in 2022. Spending $5,000 in gas with the US Bank card would equate to $200 back. In addition to strong gas rewards, the card earns a good rate for hotels and rental cars, groceries, dining, and streaming, so it’s more than just a one-trick pony. It’s issued as a Visa Signature, too, which means it comes equipped with a nice selection of useful perks, as well as an annual $30 streaming credit to cover some of your binge-watching needs. Pros
4x points per dollar for gasAnnual fee waived the first year$30 annual streaming creditVisa Signature perksGlobal Entry/TSA PreCheck application fee credit
Cons
Annual fee$25 minimum redemption
That said, it also comes equipped with a staggering number of annual credits that effectively lower the annual fee to a much more manageable number. That’s another reason why it shouldn’t be considered by the average traveler; you’ll only get the true value from the card so long as you’re able to take advantage of everything it has to offer. While the card does have good travel rewards, the true draw are its benefits. In addition to a vast array of travel protections, including Travel Accident Insurance, rental car insurance, baggage insurance, and trip delay insurance, The Platinum Card has several annual credits, including a $200 hotel credit, up to a $200 incidental airline fee credit, up to a $189 CLEAR® credit, up to a $240 digital entertainment credit, a $155 Walmart+ credit, and a Global Entry/TSA PreCheck application fee credit, to name a few. If you can utilize those credits each year, it would more than cover the annual fee. There’s also the complimentary Elite statuses it offers with Hilton and Marriott Bonvoy, plus access to the largest collection of airport lounges through the Global Lounge Collection membership. Suffice to say, there is plenty of value to be had here for the frequent traveler. Pros
Numerous annual creditsStrong travel protectionsGood rewards
Cons
High annual fee ($695)Only for the frequent traveler
Its primary features are its 1:1 transfer rate to Chase’s travel partners and 25% redemption bonus when redeeming rewards for travel through Chase Ultimate Rewards. Each point is typically worth 1 cent, but if you redeem through Chase Ultimate Rewards, that’ll be bumped up to 1.25 cents. However, if you transfer your points to one of Chase’s travel partners, you can find an even higher per-point value. If you can find the right transfer deal, Chase Ultimate Rewards points could be worth 1.5 cents or more each. With its 5x points for travel booked through Chase Ultimate Rewards, 3x points for dining and streaming, and 2x points for all other travel, that would mean the card earns the equivalent of 7.5%, 4.5%, and 3% cash back for those categories, respectively. Chase’s travel partners include JetBlue, United, Southwest, World of Hyatt, and Marriott Bonvoy, among others. Want to see how it compares to the competition? Take a look at our 6 best rewards credit cards. Pros
1:1 transfer rate25% redemption bonus through Chase Ultimate Rewards5x points for travel booked through Chase Ultimate Rewards3x points for dining and streaming2x points for all other travel
Cons
Annual feeTakes extra work to get the most out of the card
It’s a good option for a business that spends across a number of different categories. It’s simple and rewarding, and even comes with an intro 0% APR offer for new purchases (then 16.99% to 22.99% variable). Additionally, it features free employee cards and a nice selection of travel and shopping protections. Looking for other options? Check out our 6 best credit cards for business owners. Pros
Simple and rewardingLucrative welcome bonus5% cash back for business expenses2% cash back for gas and diningNo annual fee
Cons
$25,000 annual spend limit on 5% rewardsForeign transaction fee
Considering that the cost of gas and food is increasing, having a card that can put some money back into your pocket for purchases you need to make regardless of the price is very valuable. And with a little extra work, you can earn 5% cash back at your favorite retailers simply by purchasing gift cards from your local grocery store. It’s benefits, while not as impressive as The Platinum Card, will still prove useful for cardholders. Your new purchases will be covered against damage and theft for 90 days, you can keep an eye on your VantageScore 3.0 credit score, plus take advantage of free two-day shipping with qualifying merchants thanks to the card’s ShopRunner membership. However, if you’re still not sold, coming in second would be the Chase Sapphire Preferred. It’s a lucrative card with tons to offer, but it takes some work to get the best value and is primarily travel focused, which makes it less accessible to the average consumer. No matter which card you choose, however, you’ll find a good deal of value and utility. Take a look at all of the best credit cards, side-by-side, and choose the one that would best suit your needs. The ones that made it to the top did so because they are widely recognized as strong credit cards that would make a welcomed addition to any consumer’s wallet. Choose the card that best fits your spending habits and be sure to use it responsibly. You can use some of the cards here together. The Blue Cash Preferred is great for groceries, and combined with the US Bank Altitude Connect, you’d have both gas and groceries covered by strong rewards. You could then choose either the Sapphire Preferred for a general travel card, or The Platinum Card if you travel enough to justify the cost. With all financial products, what’s important is using the tools responsibly and being aware of the terms and fees. Pay your bill on time, avoid spending money you don’t have, and don’t change your spending habits to fit a card. You want the credit card to work for you, not the other way around. Rewards:
The best entertainment credit cards: Save on everything from travel to concertsThe 6 best rewards credit cards: Big spenders need big rewardsThe 5 best store cards for shoppers: Earn rewards on your purchasesThe 5 best credit cards to use for streaming services: Binge-watching rewardsThe 5 best credit cards for groceries: Save hundreds of dollars
By issuer:
The 5 best Chase credit cards: Generous rewards programThe 5 best Visa credit cards: Top Visas for your walletThe 6 best Discover credit cards: Discover a new cardThe 6 best Wells Fargo credit cards: Your options compared
Travel:
The 6 best airline credit cards: Earn travel pointsThe best travel cards for beginnersThe 5 best credit cards for airport lounge access: Travel in comfortThe 5 best international travel credit cards: Globetrotter rewardsThe best American Airlines credit cards: Earn while you travelThe 5 best Southwest Airlines credit cards: Unlimited tier qualifying points
Business: Student:
Best credit cards for college students
Cryptocurrency:
The best crypto credit cards: Get your rewards in cryptocurrencyThe 5 best crypto debit cards: Spend your crypto
Balance transfers/low interest:
The best balance transfer cards 2022The 5 best low-interest credit cards: Which is right for you?
Limited/bad credit:
The 6 best starter credit cards for no credit: Beginner credit cardsThe best unsecured credit cards: Bad credit? No worriesThe 5 best credit cards for bad credit: Low scores can’t stop you
Good credit:
The 5 best credit cards for good credit: Reap the rewards
Home improvement:
The 5 best home improvement credit cards: Rewards for fixer-uppers
Credit unions:
The 5 best credit union credit cards: Rock-bottom interest rates
Debit cards:
The 3 best prepaid debit cards: Top preloaded cards
