Credit Cards – Credit Card Offers

Gas & Groceries, There’s A Credit Card For That!

Written by elliottavatar

If your household spends thousands annually on gas and groceries, as is true with many families, a rewards credit card with an annual fee may be a better choice to save money, according to a credit card analyst.

With the ever increasing prices of food and fuel, choosing the right rewards card can put hundreds of dollars back into the family’s pocket. There are exceptions, though, and people need to carefully weigh which reward card is best for them.

Most families will make out best with a no-fee reward card, said Michael Germanovsky. He’s a credit card analyst and the editor of, a competing website that compares credit cards. This option would include the Chase Freedom Visa and Capital One Cash Rewards. These cards carry no annual fee, so families are assured of cash back with no annual fee.

The exception applies for families that spend thousands in credit card purchases for food and fuel. This exception means that these families should look at the American Express Blue Cash Preferred Card. It currently requires an annual fee of $75. However, the card is paying back three percent on gas and six percent on groceries.

Germanovsky crunched the numbers and showed that if a family spent $4,000 on food and another $2,400 on gas annually, the Blue Cash card would reward them with $237 annually after paying the yearly fee. That’s money in the pocket, and the more that’s spent, the greater is the cash reward. If the amount spent on gas and food is only half of the above example, then the Chase Freedom card is a better deal.

Families need to sit down and calculate what they spend on food and gas, and then look at the annual fee. If the cash rewards are greater than the annual fee, then a Blue Cash card will save money.