Did you know that Indian households spend the most on their monthly groceries? The right Credit Card can help you save much on your grocery shopping. Read on.
Even before the COVID-19 pandemic took over the world, grocery shopping formed a big chunk of our monthly budget. With the pandemic still in full swing, our dependence on groceries are at an all-time high too, especially since most of us are working from our homes and less dependent on our office cafeterias and outside food.
So, with groceries being one of our biggest and most significant expenses, it becomes really important to plan it right. There are a lot of things you can keep in mind to keep your expenses in check when you go grocery shopping. Some of these things include buying in bulk, looking for as many offers and discounts as you can, and never shopping when you’re hungry as you end up buying things you don’t actually need, etc.
Additional Reading: The Future Of Online Grocery Shopping In India
If you already follow all these tips, there’s one thing you can still try your hand at—using the right Credit Card to buy groceries. To make things simple for you, we have made a list of the best Credit Cards that are the most suitable for grocery shopping. Here’s the list:
SimplySAVE Advantage SBI Credit Card
With this SBI Bank Credit Card, get 10 points for every Rs. 100 you spend on groceries and supermarkets. Talk about savings on groceries!
And it’s not just about groceries, this card also gets you 10 reward points on dining and movies too, and a point for all other category spends. And, you’ll only have to shell out Rs. 499 annually as fees, which will be waived if you spend Rs. 1 lakh or more in a year.
Standard Chartered Manhattan Platinum Card
With this Standard Chartered Credit Card, you get 5% cashback on groceries, department stores/supermarket spends. On a minimum spend of Rs. 1,000, you can get cashback up to Rs. 500 every month. For all other categories, you’ll get 3 reward points for every Rs. 150 you spend.
Oh, before we forget, you’ll get a Rs. 2,000 worth BookMyShow voucher on activating your new Manhattan Platinum Gold Credit Card within 90 days of receiving it.
The card has an annual fee of Rs. 999, but this will be waived if you spend Rs. 1.20 lakhs and more in the previous year.
YES Prosperity Cashback Credit Card
Here’s a card that gets you maximum cashback on two extremely popular categories – groceries and movies. Movies aren’t an option at present, especially since we’re dealing with a global pandemic.
Groceries, on the other hand, has been the biggest spend category since our country went into the lockdown. So, if you’ve been one amongst the crowd, spending a lot on your monthly groceries, then this YES Bank card could get you a 5% cashback on your each purchase. It’s always good to save a little (5% is a lot actually, if you think about it).
Annual fee, did you ask? Well, this card charges Rs. 999 per year. Although there’s no fee waiver option currently, this card assures cashbacks on all your spends, irrespective of the category.
IndusInd Bank Aura Edge Platinum Mastercard
This vanilla Credit Card from IndusInd Bank is a blessing for those who often shop at department stores. For every Rs. 100 spent, the card gets you 4 reward points, which is equivalent to Rs. 2. And the best part about this IndusInd Bank Credit Card is that it’s a LIFETIME FREE card. Yes, you don’t have to pay joining fees or annual fees for this card.
Plus, you also get reward points on all your spends, irrespective of category. Of course, the number of reward points you get depends on the category. Also, if you are an avid traveler, you can take advantage of the free Priority Pass membership that comes with this card. This is applicable for your partner as well.
IndianOil Citi Platinum Card
This Citibank Credit Card is one of the most popular fuel-based Credit Cards in the market today. After all, 71 litres of FREE fuel in a year is quite a lucrative offer for vehicle owners, considering the cost of fuel.
Anyway, this card isn’t just for fuel benefits. You can earn 2 turbo points for every Rs. 150 you spend on groceries and at department stores with this card. Plus, Citi’s turbo points have maximum value too as 1 turbo point equals Re.1 of fuel.
Although the IndianOil Citi Platinum Card comes with an annual fee of Rs. 1,000, it is waived if you spend just Rs. 30,000 in a year. That’s not much now, isn’t it?
YES Prosperity Rewards Plus Credit Card
This is a really good rewards-based basic Credit Card if you’re looking to save on your grocery and supermarket expenses. At present, you can claim 6 reward points for every Rs. 200 you spend on groceries and at department stores or supermarkets. Dining spends also get your 6 points for every Rs. 200. All other categories, except fuel, fetch you 4 points.
The YES Prosperity Rewards Plus card comes at a nominal yearly fee of Rs. 499 + GST. This is waived on annual spends of Rs. 50,000. There’s a first-year fee of Rs. 499 too, but this is waived if you spend Rs. 10,000 within 90 days of receiving the card.
Additional Reading: 15 Awesome Credit Cards With No Paperwork
Now that you have a list of Credit Cards that are great for grocery shopping, what are you waiting for? Apply for one today!