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so if you're trying to get your grocery
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costs under control one easy way to put
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some money back in your pocket is by
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using the right credit card at checkout
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my name is michael from michael safes
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comm and today the results of my recent
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comparison of the best credit cards to
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use at the grocery store what I did is I
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looked at several popular credit cards
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and how much you would earn in cash back
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over the course of the year based on
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$500 a month in grocery spending that
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you may spend a little less a little
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more but this is a rather average number
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and I wanted to see which credit cards
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give you the most cash back I looked at
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four credit cards for this comparison
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three of them are actually in my wallet
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so let's get right to the comparison the
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results and I'll finish up with some
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tips on how you can save at the grocery
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store that have nothing to do with
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credit cards let's get started the first
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credit card that I want to talk about is
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American Express blue cash preferred
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this is one of the cards that I carry
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and what I believe to be the overall
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best pick to use at US supermarkets what
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you get is six percent cash back at US
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supermarkets up to six thousand dollars
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per year so that works out to exactly
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five hundred dollars a month and as we
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take a closer look at the numbers here
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if you spend $500 a month and you get
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that six percent cashback at grocery
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stores you have thirty dollars a month
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multiply that by 12 $360 a year one
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thing about this card though is there is
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an annual fee and it's 95 dollars so if
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you deduct the annual fee from that 360
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you get two hundred and sixty-five
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dollars cash back now that doesn't take
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into consideration any of the other
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benefits of this card and there are many
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you also get 6% back on streaming
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services 3% cash back on gas there are a
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host of other person with this card one
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of my favorite cards and my go-to cards
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for spending at the grocery store but
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how does that compare to the others keep
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watching because we have some other
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cards to compare this one to so I just
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talked about blue Cash preferred 6% back
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well blue Cash every day gives you 3%
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cashback on up to $6,000 at you as
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supermarkets just like the other card
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the big difference no annual fee so in
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my previous example you saw that you
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would get 360 dollars cash back at
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supermarkets if you went to the max with
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preferred well with this card it's cut
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in half so 180 dollars but again that
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big difference no annual fee with the
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blue cash every day so if you're someone
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who doesn't want to deal with an annual
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fee card this may be another solid
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option for you so now we're gonna move
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on to the next card it is chase freedom
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and this is another one that I actually
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have in my wallet and chase freedom you
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may know how this one works already it's
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5% cash back on up to $1500 in purchases
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and specific categories every quarter
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these bonus categories change every
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three months and every year grocery
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stores is one of them so the math here
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you've got $500 a month but only for
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three months not twelve months because
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it's only for one quarter that brings
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you to $75 twenty-five dollars a month
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times three seventy five dollars but
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then you have nine more months of the
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year and with this card you will only
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get one percent cash back when it's not
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in a bonus category or if you've
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exceeded that $1500 per quarter in the
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fibers and cash back spending so for
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that 500 dollars a month in grocery
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spending at only one percent for nine
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months only $45 cash back add that to
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the seventy-five you've got a hundred
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and twenty dollars cash back with this
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card alone for groceries my advice if
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you have this card in your wallet it's
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great for when there are those five
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percent cash back categories but for the
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other times of the year you may want to
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use another credit card to step up your
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spending whether that's the blue cash
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preferred that I just mentioned or some
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other credit card that gets more than
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one percent cash back rewards moving on
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I will talk about Citi double cash this
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is known as a two percent cash back card
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how does that stack up we're gonna find
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out and the city double cash card the
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name gives you a clue how this one works
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it's up to two percent cash back on
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everything one percent when you make the
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purchase and the second percentage when
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you pay it off so we have the math here
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five hundred dollars a month two percent
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that is just ten dollars a month for
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your grocery purchases over the course
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of the year 120 dollars it's the same as
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chase freedom but a lot simpler you have
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no bonus categories to sign up for or
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anything keep in mind this is a third of
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the cash back you would get if you had
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preferred card from American Express
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what I use this card for is things where
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there are no bonus opportunities so I
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don't use it at the grocery store I
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don't use it on gas I don't use it on
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streaming services or at department
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stores I use it for the things in life
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where you aren't going to earn 2% cash
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back with any other credit cards or with
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most other credit cards so this is still
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a great card to keep in your wallet I
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have it in mind but it's not something
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for any of those bonus purchases it just
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doesn't give you the highest level of
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cashback possible so in addition to
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using a great cash back credit card a
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few other things you can do to save
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money on groceries switch where you shop
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plan your menu around what's on sale the
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weekly circulars and use cashback apps
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ibotta and fetch rewards they're my
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favorites and I burn thousands of
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dollars with them over the past several
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I'll have information in the description
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below some welcome bonus opportunities
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if you want to get started with either
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of those apps there's also more
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information on my website Michael saves
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about this comparison that we went
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if you end up applying for and getting
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approved for one of the cards we
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discussed through my website I will
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receive a commission so I want to be
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transparent about that and thank you for
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using my links and supporting Michael
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saves American Express blue cash
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preferred that's my favorite of the ones
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we've talked about today again it is
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$360 maximum cash back at US
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supermarkets over the course of one year
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two hundred sixty-five dollars when you
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take into account that annual fee but I
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also use that credit card for many other
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things for gas streaming services and a
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few other purchases to step up my
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rewards over the course of the year a
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final thought but in a very important
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one I want to make if you are applying
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for a rewards credit card please pay off
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the balance in full every statement
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period otherwise you're going to be
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charged interest and that interest will
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eat away any of these rewards that we
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talked about if you're in debt start a
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budget I have budgeting videos that can
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help you get on the path of getting out
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of debt and then once you're out of debt
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apply for overbill a rewards credit card
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rewards credit cards are for people who
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do not carry balances otherwise it just
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doesn't make sense so again more
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information on my blog Michael saves com
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if you found this video helpful let me
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know and I'm going to know about the
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credit card that you use at the grocery
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store did I miss something
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you can leave a comment below keep
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watching Michael saves and I'll see you
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next time here thanks
