Best rewards program for groceries?

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me08053
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Best rewards program for groceries?

Postby me08053 » Fri Jan 25, 2013 6:45 pm

Is the Penfed card the best card for grocery/supermarkets year round or is there something better than the 3% back? Thanks!


Money card
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Postby Money card » Sun Jan 27, 2013 1:51 pm

if you don't mind paying the annual fee the Blue cash preferred gives 6% cash back but there's a cap of $6,000 for that category per year. the annual fee is 75.00 but it's waived the first year. then there's the basic blue cash card which has no annual fee you get 3% back on groceries, not sure on cap.

RewardHop
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Postby RewardHop » Sun Jan 27, 2013 2:12 pm

Same limit of $6000 on the Blue Cash Everyday card (no annual fee).
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

cashback
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Postby cashback » Sun Jan 27, 2013 2:18 pm

You would have to do the math for BCP based on your grocery spending. If you spend exactly $6000 (no less) in grocery spending per year, BCP will get you 4.75% cash back (accounting for the AF). If you spend less, obviously that percentage will be lower.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Bksuper
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Location: California

Postby Bksuper » Sun Jan 27, 2013 5:12 pm

The SallieMae Barclaycard gives 5% on Groceries, Gas, Bookstores and has no AF, accepted more places than the BCP, but both groceries and gas are capped at $250 per month each and bookstores at $750 per month and the base reward is only 1%.
https://www.salliemae.com/landing/WorldCreditCard/
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012

me08053
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Postby me08053 » Sun Jan 27, 2013 7:39 pm

Thanks all! I don't think the Sallie Mae card will be good for me because I'll utilize more than $250 in gas and eventually more in grocery. Current spending is roughly $2500/year for grocery and $4160/year for gas. Could you please take a glance at the three images attached and let me know if my math / reasoning makes sense? It seems you get more % back the less you spend a month on Pen Fed. Really the BCP by my calculations doesn't really win unless you spend the $6K and even then it is only by $21. If you spend less in groceries it appears you make more even at $5K on Penfed. Currently only feeding two but that number will increase as we build the family. I just want the best long term and short term card and I think I found the winner. Just trying to find the best for me and looking to have an expert evaluate my thought process. Thanks!

cashback
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Location: NY

Postby cashback » Sun Jan 27, 2013 9:15 pm

Yep. PenFed is your best bet if you are spending that little in groceries.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Bksuper
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Location: California

Postby Bksuper » Sun Jan 27, 2013 9:35 pm

To each their own. $4160 on gas...yeesh, you must have a really long commute, or drive a gas guzzler, perhaps both! Personally, Im going to go for that SallieMae Barclaycard next, followed by the Fidelity Amex, then I'll be done until someone comes out with a new credit card I like.
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012

me08053
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Posts: 13
Joined: Fri Jan 18, 2013 9:32 am
Location: Philly Area

Postby me08053 » Sun Jan 27, 2013 9:39 pm

Bksuper wrote:To each their own. $4160 on gas...yeesh, you must have a really long commute, or drive a gas guzzler, perhaps both! Personally, Im going to go for that SallieMae Barclaycard next, followed by the Fidelity Amex, then I'll be done until someone comes out with a new credit card I like.




I agree it is awful! It is two cars. Fiance driving her Lexus ES330 which costs roughly $50 to fill up. I have the smaller Nissan Versa which is about $30 to fill up. Fillup timing varies throughout the year since I work from home but we did a worst case scenario of filling up once a week.

cashback
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Posts: 793
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Location: NY

Postby cashback » Sun Jan 27, 2013 9:53 pm

I'm right there with ya. Two cars, $350 a month. Sucks.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781



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