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Gas Prices
Gas and grocery costs have been hitting household budgets hard over recent months. One simple tip to combat this is to change how you pay for these ever increasing expenses. By making sure you are using a credit card that earns the most cash back on gas and grocery purchases, you could be getting $800 or more in cash back rewards. You can also get a sign up bonus of $500 more cash back currently on the featured card found here.
Let’s do the math. Let’s say you get a credit card that gets 5% cash back on gas. If your household is spending $115 a week on gas, which many now are, that would be around $300 a year in cash back.
On the grocery side, if your household is spending $175 a week on groceries and you were using a card that got you 6% cashback at grocery stores, that would be over $546 in cash back for the year.
As mentioned above, on top of that, many cash back cards are also offering sign up intro offers $200 - $500 of extra cash back in addition to the everyday rewards just for getting the card and using it (ie, spending a certain amount in the first 90 days of having it). These one time bonuses make getting the card an absolute no-brainer.
Click here to and take a look at the cards offering the rewards described above. If your grocery and gas expenses are going to continue to rise, you would be smart to make sure to max out the amount of cash back by getting the newest and best card for that. As always, be responsible with credit spending, paying the card off every month or knowing the interest rate the card carries if you choose to carry a balance.
Thank you for supporting your local paper. Click here to get your cash back card.
Psst....Want a $500 bonus? Check out the featured card here.