This Amex Card Saves Me Over $400 on Groceries per Year

Motley Fool04-26

KEY POINTSBe it inflation or "shrinkflation," food costs are up.A grocery rewards credit card can help you defray higher supermarket tabs.Look for one that offers other bonus categories you can use to...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430224957?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fm.foolcdn.com%2Fmedia%2Faffiliates%2Fimages%2FUntitled_design_6_aC0NPh8.width-1200.png&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-04-26 18:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430224957","market":"us","top_or_hot":-1,"title":"This Amex Card Saves Me Over $400 on Groceries per Year","media":"Motley Fool","content":"<div>\n<p>KEY POINTSBe it inflation or \"shrinkflation,\" food costs are up.A grocery rewards credit card can help you defray higher supermarket tabs.Look for one that offers other bonus categories you can use to...</p>\n\n<a href=\"https://www.fool.com/the-ascent/credit-cards/articles/this-amex-card-saves-me-over-400-on-groceries-per-year/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Amex Card Saves Me Over $400 on Groceries per Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Amex Card Saves Me Over $400 on Groceries per Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 18:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/the-ascent/credit-cards/articles/this-amex-card-saves-me-over-400-on-groceries-per-year/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSBe it inflation or \"shrinkflation,\" food costs are up.A grocery rewards credit card can help you defray higher supermarket tabs.Look for one that offers other bonus categories you can use to...</p>\n\n<a href=\"https://www.fool.com/the-ascent/credit-cards/articles/this-amex-card-saves-me-over-400-on-groceries-per-year/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0310799852.SGD","symbol_name":"FTIF - Templeton Global Equity Income A MDIS SGD","start_time":0,"source_url":"https://www.fool.com/the-ascent/credit-cards/articles/this-amex-card-saves-me-over-400-on-groceries-per-year/","article_id":"2430224957","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fm.foolcdn.com%2Fmedia%2Faffiliates%2Fimages%2FUntitled_design_6_aC0NPh8.width-1200.png&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430224957","pubTimestamp":1714127400,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Some credit cards are worth their weight in gold. Keep reading to learn about a supermarket standout.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4535":"淡马锡持仓","BK4166":"消费信贷","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4559":"巴菲特持仓","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4550":"红杉资本持仓","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4551":"寇图资本持仓","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4505":"高瓴资本持仓","BK4230":"旅客陆运","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU1917777945.USD":"安联专题基金Cl AT Acc","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","UBER":"优步","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","AXP":"美国运通","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4536":"外卖概念"},"translate_title":"这张美国运通卡每年为我节省400多美元买杂货","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":0.9,"AXP":0.9},"content_text":"KEY POINTSBe it inflation or \"shrinkflation,\" food costs are up.A grocery rewards credit card can help you defray higher supermarket tabs.Look for one that offers other bonus categories you can use to really maximize your rewards.Check out our pick for the best cash back credit card of 2024There's no way around it -- we've all got to eat. And if your grocery bills in the last few years have been noticeably higher, you're not alone. Inflation figures have come down overall in the wake of Federal Reserve rate hikes, but inflation on food is still positive. As of the most recent Consumer Price Index report (covering February 2024), the cost of food at home was 1% higher than a year prior.Another often-discussed issue in the world of high grocery prices is shrinkflation -- paying the same (or higher) prices for smaller product sizes. The New York Times found that it's a particular problem for items like cleaning supplies, paper products, and (gasp) candy and snacks. A bigger grocery tab and a smaller bag of your favorite chocolate bars -- that's a total bummer.Thankfully, you have options for coming out ahead on your grocery costs. I added a grocery rewards credit card to my wallet near the end of 2022, and I'm happy to report that the cash back I'm earning every month makes me feel better about my supermarket tab. Here's a closer look at one of my favorite cards -- the Blue Cash Preferred® Card from American Express.Featured offer: save money while you pay off debt with one of these top-rated balance transfer credit cardsMy cash back tab for 2023Just how much cash back did I earn last year? I'm happy to report that I redeemed a total of $510.49 in cash back as statement credits throughout 2023. Those statement credits reduced the cost of my next bill, at an average of almost $43 per month. Not bad! That figure isn't straight profit, however, because the Blue Cash Preferred® Card from American Express isn't free to keep in my wallet.It comes with a $0 intro annual fee for the first year, then $95. (see rates and fees). I had to pay that fee for the first time last year, and I actually didn't mind at all, since my cash back earnings came to more than four times the fee amount.How did I manage to earn so much? Overwhelmingly, it was the spending I did at grocery stores. This Amex card pays 6% cash back at U.S. supermarkets on up to $6,000 worth of purchases (1% thereafter; terms apply). To math that out, 6% of $6,000 comes out to $360 -- and that doesn't include any other cash back you can earn with this card.I used this to its fullest last year -- not only did I use it at my neighborhood chain grocery store just about every week, but I also visited my favorite local butcher shop and natural foods store. And my favorite online snack purveyor even counts for 6% cash back. The Blue Cash Preferred® Card from American Express is the perfect card for someone like me -- and my experience with it goes to show that it's really worth reading credit card reviews to find the right fit for your finances.Ratings MethodologyThe Platinum Card® from American ExpressApply Now  for The Platinum Card® from American ExpressOnAmerican Express'Secure Website.Terms applyRates & Fees Rating image, 4.50 out of 5 stars.4.50/5Circle with letter I in it.Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = PoorRating image, 4.50 out of 5 stars.4.50/5Circle with letter I in it.Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = PoorCredit Score:Circle with letter I in it.Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.Recommended Credit Score required for this offer is: Good/Excellent (670-850)PoorFairGoodExcellent300-579580-669670-739740-850Apply Now  for The Platinum Card® from American ExpressOnAmerican Express'Secure Website.Terms applyRates & Fees Credit ScoreCircle with letter I in it.Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.Good/Excellent (670-850)Intro APRPurchases: n/aBalance Transfers: n/aRegular APRSee Pay Over Time APR RewardsCircle with letter I in it.Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel. Earn 1X Membership Rewards® Points on other purchases. Terms and limitations apply.1X-5X Membership Rewards® PointsAnnual Fee$695Welcome OfferCircle with letter I in it.Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership.80,000BottomLineThis luxury travel card has some of the most prestigious perks you'll find — access to over 1,400 airport lounges, elite status with Hilton and Marriott Bonvoy, and spending credits worth over $1,500 in value every year. Just be ready for the hefty annual fee, which can be offset in the first year with a welcome bonus worth $800 in points. Terms apply.Pros/ConsBig welcome offerSubstantial spending creditsAirport lounge accessHotel benefitsFlexible travel pointsAnnual feeLimited bonus categoriesSpending credits can be complicated to manageCard DetailsEarn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.$200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.$240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.$155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.$200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.$200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.$300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.$189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.$100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.$300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. An Equinox+ subscription is required to purchase a SoulCycle at-home bike and access SoulCycle content. Must charge full price of bike in one transaction. Shipping available in the contiguous U.S. only. Enrollment Required.Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.$695 annual fee.Terms Apply.Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply.Please visit americanexpress.com/benefitsguide for more details.Trip delay and cancellation insurance and cell phone protection underwritten by New Hampshire Insurance Company, an AIG Company.Extended warranty, purchase protection, car rental insurance, and baggage insurance underwritten by AMEX Assurance Company.Other ways to save with Amex Blue Cash PreferredAny credit card worth its salt will have multiple great features. This Amex card is no exception -- its other big bonus category is gas and transit, where you can earn 3% cash back (terms apply). The fact that this is such a broad category really makes it useful for a lot of people. Got a long commute by car? Use it to pay for gas. Rely on public transportation (like trains) instead? You're still covered.I don't drive much these days, by virtue of working from home, but I love a good road trip, and this card comes with me for gas purchases. I also recently used it to get around the New York City boroughs of Manhattan and the Bronx on a weekend trip -- 3% back on subway rides!It's safe to say that groceries and transportation are two of the bigger line items in many Americans' budgets. If you want to pay less for these costs by earning cash back on them, the Blue Cash Preferred® Card from American Express may just be a good fit for you. Just be sure to only charge what you can pay off every month. This card comes with an intro APR of 0% for 12 months on purchases and balance transfers, but after that ends, the go-to 19.24%-29.99% Variable APR will eat up any cash back benefit you've earned. If you can avoid paying that, you can come out ahead.Alert: our top-rated cash back card now has 0% intro APR until 2025This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430224957"}