Grocery shopping is a significant monthly expense for most households, but did you know your credit card can help you save big? With the right strategies, you can cut down on grocery bills while earning valuable rewards.
Many credit cards offer exclusive discounts and rewards on grocery purchases—both online and at supermarkets. Some supermarkets even provide additional discounts through partnerships with specific card issuers. To maximize your savings, research and choose the best credit card that aligns with your grocery shopping habits.
Here’s how to make the most of your credit card for grocery savings.
Choose the Right Credit Card
Not all credit cards offer discounts and rewards on grocery items. Some are specifically designed for grocery shopping. Look for cards that offer high cashback, reward points, or discounts on supermarket purchases. For example, cards like the SimplySAVE SBI Card and SBI Card PRIME offer up to 10 reward points on grocery spends. Check the card’s terms to ensure grocery purchases are included in the rewards programme.
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Leverage Cashback Offers
Many credit cards offer cashback on grocery spends. This is a direct way to save money. For instance, HDFC Solitaire Credit Card offers 50% more reward points on grocery expenses. Some cards also have tie-ups with specific supermarkets. These partnerships can unlock additional discounts or cashback. Always check your card’s latest offers before shopping.
Use Reward Points Wisely
Reward points can add up quickly. Use them to offset your grocery bills. Some cards allow you to redeem points for vouchers at major supermarkets. Some banks also let you convert reward points into cashback or statement credits. This reduces your overall spending.
Take Advantage of Discounted Gift Cards
Many credit card providers sell discounted gift cards for supermarkets. For example, you can buy gift cards at a 5-10% discount using your credit card. These cards can be used for grocery purchases, effectively saving you money. Check your bank’s website or app for such offers.
Shop During Promotional Periods
Banks often run promotional campaigns with extra rewards or discounts. For example, during festive seasons, you might earn 5x reward points on grocery spends.
Adhil Shetty, CEO of Bankbazaar.com, says, “Some cards also offer zero-interest EMIs on large grocery purchases.
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