Uncapped 6% Back Groceries Credit Card (3% On Everything Else)

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The no annual fee USAlliance Financial Visa Signature Card earns 6 points per dollar on grocery store purchases through the end of 2023, and 3 points per dollar on other purchases for the rest of this year.

That’s really strong, though for groceries my favorite card is actually the American Express® Gold Card. It earns 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X); 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com; 1x on all other qualifying purchases.

I value Membership Rewards points at 1.7 cents apiece making the grocery rebate described here worth 6.8%. However it’s capped. If you spend more than the $25,000 a year cap on qualifying purchases, an alternative can make sense.

For ‘all other spend’ the Blue Business® Plus Credit Card from American Express is still better than 3% back, in my view. It earns 2X Membership Rewards® points on the first $50,000 in purchases per year (1 point per dollar thereafter). At 1.7 cents per point, I view that as a 3.4% rebate. Earning in that category is capped as well.

Still, the USAlliance Financial Visa Signature Card will have a unique home in wallets for some of you. Note thought that you need to redeem regularly – you don’t want to park a lot of points in your account with this card (beyond even the risk that using it only for groceries will lead them to decide they do not want you as a customer). Their points expire three years from the end of the calendar year in which they are earned.

(HT: Miles Earn and Burn)

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