I Don’t Have a Cash Back Card at the Moment, but I’m Considering This One for Its Big Bonus Spending at US supermarkets

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I’ve always dreamed of being one of those thrifty shoppers you hear about – the kind of mom that spends $100 a month to feed her family.  But I’ve resigned to the fact that that’s just not me.

I like everything in moderation (okay maybe I’m on the extreme end when it comes to miles & points!).  But I try to make savings easy and mindless.  That’s why I’m considering the Blue Cash Preferred® Card from American Express.

With my monthly grocery budget of $500, I could earn $360 per year in cash back just for swiping the right card.  I’ll explain.

You’re Going to Spend Money On Groceries Regardless, So You Might as Well Be Earning Something for Those Purchases.  That’s Where a Great Cash Back Credit Card Comes Into Play!

Using a Cash Back Credit Card to Earn Cash for Spending at US supermarkets

Apply Here:   Blue Cash Preferred® Card from American Express

Read our review of the Blue Cash Preferred

Grocery bills are one of the biggest expenses for many folks, especially families.  And if you’re looking for a way to earn cash back on this unavoidable expense, you should consider the AMEX Blue Cash Preferred.

Why?  Because it offers 6% cash back at US supermarkets on up to $6,000 in purchases per calendar year (then 1%).  I actually spend just about $6,000 a year on groceries ($500 per month), which is an easy $360 back in my pocket.  And that doesn’t even account for the card’s other bonus spending categories!

With the AMEX Blue Cash Preferred, you can earn a $200 statement credit after spending $1,000 on purchases in the first 3 months of account opening.

According to the USDA’s Center for Nutrition Policy and Promotion, the average cost of food to feed a family of 4 easily tops $800 per month.  That’s a total of $9,600 per year.

Using these stats, the average family would earn at least $396 in cash back using the AMEX Blue Cash Preferred.  You’d get $360 in cash back for the first $6,000 in spending at US supermarkets, and another $36 for earning 1% cash back on the remaining $3,600 in spend at US supermarkets.

Time to Enjoy Your Meal, Even More, Knowing You’ve Earned Cash Back on Your Purchases

How to Earn Cash Back With the AMEX Blue Cash Preferred

It’s easy to earn cash back with the AMEX Blue Cash Preferred.  You can earn cash back in 3 ways:

  •    6% cash back at US supermarkets (up to $6,000 in purchases per calendar year, then 1% cash back)
  •    3% cash back at US gas stations and select US department stores
  •    1% cash back on everything else

At those rates, you’d only need to spend ~$132 a month on groceries to have the $95 annual fee “pay for itself” (~$132 X 12 months X 6%)!  So it’s easy to understand why this so many could benefit from having this card in their wallet. (See Rates & Fees)

You can read our full review of the AMEX Blue Cash Preferred card here.

Do you have a favorite cash back credit card?  If so, share your thoughts in the comments below!

Prefer earning travel rewards instead of cash back?  Be sure to check out our list of the best credit cards for travel.

For the rates and fees of the Blue Cash Preferred Card from American Express, please click here.

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Julie
1 year ago

Looking for a no fee amex that gives points for stuff like groceries. Any suggestions

Carole
1 year ago

I have used this card for years – it’s best in category. The math with groceries-only with the annual fee and if maxed out really only cones out to 4.4% (vs 6%), but that’s almost impossible to beat. And the accumulated cash back is very easy to redeem. Plus monthly offers are actually useful.

Michael
1 year ago

Your “break-even” point is a bit deceiving, because there are no – fee cards in which you can earn some percent off on groceries. The Chase freedom a few months a year is 5 points per dollar, at least 7.5 cents per dollar with the Chase travel mall and reserve. Even the Unlimited with 1.5 points could be 2.25 % back. The BoA cash rewards is 2%, up to 3.5% with preferred rewards. So you could be comparing a no-fee 3.5% back with a $95 fee 6% back card. In that last example, you would need to spend $3800 in groceries per year to break even, which may be possible for larger families, but harder to achieve than the $1583 you proposed.