For many Americans, after the mortgage payment the next highest expense per month is often the grocery bill. If you are like me and have a few credit cards, and you like to rack up rewards points on the things you buy most, here is a list of the top paying rewards cards for groceries. Groceries in today’s economy are getting more expensive every year, especially meats, organic foods and health foods, so anything you can do to take advantage rewards for buying what you already need anyway will help reduce the over all cost.


groceries

Barclaycard Rewards MasterCard
This card offers you 2 times the points on groceries, gas, and utilities, so this card rewards you for paying for three major things your already buying anyway. You also get 1 point for every dollar spent on everything else to help round out the rewards value of this card. This card carries no annual fee either. You can use the points you accrue to pay for goods and services same as cash. This card offers you a very flexible rewards program that covers more than just groceries, so it is at the top of my list for groceries rewards cards.

Target REDcard®

Target offers groceries in its stores, especially at the SuperTargets. The Target REDcard will give you 5% off every purchase at target including groceries. What makes this card great is its 5% off everything at target, which already has low prices. In many locales 5% is nearly equal at any tax you would pay, it so can in effect cancel out or negate at least most of any sales tax you would pay if you look at this way. No annual fee for this card, however the drawback is the card is only usable at target stores. A side perk of this card is that 1% of your REDcard purchases will be donated to your choice of eligible K-12 schools so you have the chance to help make a difference in your community buying what you already buy, food.


Blue Cash Everyday® Card from American Express

This card has no annual fee and you receive 3% cash back on all groceries purchases as well as 2% cash back on gas purchases. This is one of the few Amex cards that has no annual fee. If you spend $1000.00 within 3 months you will also get an additional $100.00 dollars back as a statement credit as a sign up bonus. This card also features a healthy 0% intro APR on purchases and balance transfers for 15 months. The cash back from this card is in the form of reward dollars which can be redeemed as statement credits on any billing cycle.

U.S. Bank Cash+™ Visa Signature® Card
This card will give you 5% cash back on two categories of your choice, one of which can of course be groceries. The cash back is however capped at your first $2000.00 spent each quarter. You do however get an additional 2% cash back on another category of your choice. Once per year you can get an additional $25.00 when you redeem $100.00 or more in a single redemption. The cards great in that you can pick the categories so this card can be as flexible as you need it to be as far as rewards are concerned. The $2000.00 per quarter cap is the only downside to this credit card.


BankAmericard Cash Rewards

This card has the lowest cap per quarter, which is a meager $1500 per quarter limit on the 2% and 3% grocery stores and gas rewards (combined between the two, not separate so this is pretty restricting as far as rewards go). You do however get a 10% bonus if you redeem your rewards directly into your Bank of America checking or savings account, so if you are a member of this bank this makes a great rewards card as the extra 10% bonus pushes that cap higher than it is already.

This article was written by Steven Moore, who has been covering consumer finance and the credit card markets since 2006. You can learn more and connect at his Google+ page.