Are you looking to save more on your grocery bills? Using the right credit card can help you earn valuable rewards on your supermarket spending. With so many options available, it can be tricky to find the best credit card for grocery shopping in India. In this article, we’ll explore some of the top credit cards that offer excellent rewards and benefits for grocery purchases.
Understanding Grocery Credit Card Rewards
Before we dive into the best credit cards for grocery shopping, let’s understand how these cards work. Grocery credit cards typically offer higher reward rates on purchases made at supermarkets and grocery stores than other categories. These rewards can be cashback, points, or miles, depending on the card.
For example, a credit card may offer 5% cashback on grocery spending up to a certain monthly limit and then 1% thereafter. Some cards may also provide bonus rewards in other categories like dining or fuel. It’s essential to compare the reward structure of different cards to find one that aligns with your spending habits.
How to Choose the Best Grocery Credit Card
Consider these factors when selecting the best credit card for your grocery shopping:
- Rewards rate on grocery spends
- Annual fee vs. rewards earned
- Welcome bonus offer
- Rewards redemption options
- Other benefits like fuel surcharge waivers, milestone rewards, etc.
You can use the Airtel Thanks app to check your credit score and compare credit cards based on eligibility. A good credit score can help you qualify for the best grocery credit cards.
Top Credit Cards for Grocery Shopping in India
1. HDFC Bank MoneyBack Credit Card
The HDFC Bank MoneyBack Credit Card is one of the best credit cards for grocery shopping, offering 5% cashback on grocery spending. Here are the key details:
- 5% cashback on grocery spends
- 1% cashback on all other spends
- No annual fee for the first year, ₹500 from the second year onwards
- Fuel surcharge waivers across all petrol pumps in India
- Exclusive discounts on dining, shopping, and more
With 5% cashback on grocery purchases, you can save significantly on your monthly food bills. For example, if you spend ₹10,000 per month on groceries, you can earn ₹500 as cashback. Over a year, that’s a saving of ₹6,000!
2. American Express Membership Rewards Credit Card
The American Express Membership Rewards Credit Card is another great option for grocery shoppers. This credit card offers Membership Rewards points that can be redeemed for a variety of options. Check out the benefits:
- 50% more membership rewards points on grocery spends
- 1 membership rewards point on every ₹50 spent
- 2X membership rewards points on Uber rides, Swiggy, and more
- 24/7 concierge service for travel and dining recommendations
- No preset spending limits and flexible payment options
With 50% more points on grocery shopping, you can accumulate rewards quickly. For instance, a monthly spend of ₹15,000 on groceries can earn you 4,500 Membership Rewards points. These points can be redeemed for statement credit, gift cards, merchandise, and more.
3. Citi Premier Miles Credit Card
If you’re a frequent flyer, the Citi Premier Miles Credit Card rewards you for your grocery spending. Take a look at the highlights:
- 10 miles per ₹125 spent on grocery and supermarket spending
- 10 miles per ₹100 spent on airlines, hotels and international spending
- Welcome Gift of 3000 Miles on first spend within 60 days
- Earn 1500 miles on annual spends of ₹1.5 lakh
- Earn 3000 miles on annual spends of ₹3 lakh
Using this credit card for grocery shopping can help you fly free! For example, spending ₹8,000 monthly on groceries can earn you 7,680 miles annually. You can redeem these miles for free flights or hotel stays.
How to Maximise Grocery Credit Card Rewards
Follow these tips to get the most out of your grocery credit card:
- Track your spending: Keep a tab on your grocery spending to ensure you meet the minimum spend requirement for bonus rewards, if any.
- Opt for online grocery shopping: Some credit cards may offer additional rewards on online grocery purchases. Check with your issuer for such offers.
- Stack rewards with loyalty programmes: Many supermarkets have loyalty programmes that offer additional discounts. Use your grocery credit card along with these programmes to maximise savings.
- Redeem rewards wisely: Opt for redemption options that give you the most value for your rewards. For instance, redeeming points for travel may yield a higher value than statement credit.
- Pay your bills in full: Always pay your credit card bills on time to avoid interest charges and late payment fees. Earning rewards while paying interest doesn’t make sense.
In Summary
By using the right credit card and following these tips, you can make your grocery shopping more rewarding. Whether you prefer cashback, points, or miles, there’s a card that can help you save on your supermarket spending.
Are you ready to apply for a grocery credit card? Check your eligibility and apply online through the Airtel Thanks app in just a few clicks. With Airtel Finance’s quick approval process, you can earn rewards using credit cards for your grocery spending in no time!
FAQs
- What is the best credit card for grocery shopping in India?
The best credit card for grocery shopping depends on your spending habits and reward preferences. HDFC Bank MoneyBack Credit Card, American Express Membership Rewards Credit Card, and Citi Premier Miles Credit Card are some top options.
- How much cashback can I earn on grocery spending with a credit card?
Cashback on grocery spending varies across cards. Some cards offer up to 5% cashback on grocery purchases, subject to certain limits and conditions. Check the card’s reward structure for details.
- Can I redeem credit card reward points for grocery shopping?
Most credit cards allow you to redeem reward points for statement credit, which can offset your grocery bills. Some may also let you redeem points directly at supermarkets. Check with your card issuer for redemption options.
- Is there a limit on grocery rewards per month?
Yes, most credit cards have a monthly or quarterly limit on bonus rewards for grocery shopping. Once you cross the limit, you may earn rewards at a lower rate. For instance, a card may offer 5% cashback on groceries up to ₹5,000 per month and 1% thereafter.
- How can I check my credit score for free?
You can check your credit score for free using the Airtel Thanks app. Simply download the app, register with your details, and get your credit score in a few clicks. Knowing your credit score can help you choose the best credit cards for grocery shopping based on your eligibility.
