Using a credit card to pay for groceries is a great idea, especially if you use coupons in conjunction with other rewards programs. If your local supermarket is having a sale you may want to make your purchase with your credit card and then use the cashback rewards to save even more money! Before you begin to use your credit card for all of your supermarket purchases you should develop a plan that will help you to receive the biggest credit card cashback rewards possible.
Although you may normally visit the local supermarket several times a week studies show that you will get a better deal if you make less frequent trips and purchase your groceries in bulk. First, traveling to the local supermarket uses up valuable resources. Fueling your car and spending time loading and unloading your groceries will cost you more money. Make a list, look for coupons and use your credit card to help you to track your expenses.
Many consumers are loyal to their favorite supermarket, which may not be the best way to save money in the long run. In addition, you should start to consider purchasing generic brands because they are usually less expensive. By planning out your meals, shopping at the supermarkets that offer the best deals and developing a monthly menu you can use the cashback that you receive from your credit card company to substantially reduce your grocery bill.
Consider making your spouse or children authorized users on your credit card so that they are able to get cashback rewards when they go grocery shopping. If you and your significant other are equally responsible for buying groceries you should sit down and formulate a plan that will help you to stay on budget. Although 5% cashback on your everyday credit card purchases may not seem like a lot of money, you can reduce your grocery bill and get more incentives from your local supermarkets by paying with credit.