Best Credit Card for Groceries and Dining

As the holiday season is approaching, studies have shown that food and dining are the second greatest expense during the holiday season(November- December). If we add in Halloween candy, that number is surely to increase dramatically… especially in our neighborhood! With all of this spending, you should be looking to maximize your return on investment with a great credit card to earn rewards… enter the American Express Gold Card! Let’s look at why this is most folks “workhorse” when it comes to American Express Membership Points.

Earning on the AMEX Gold

The American Express Gold is currently offering a 75,000 Membership Rewards point bonus when you use the referral link above(worth $1500) that can be spent a number of ways… from booking travel via Amextravel or transferring it to partners, this card is the one I use the most. The American Express Gold offers 4X Membership Rewards points at restaurants and grocery stores, 3X points on travel, and 1x point on all other purchases, while offering several great benefits from American Express. If we look at dining and grocery stores, you are talking about an 8% back return(Membership Reward points are typically valued at 2 cents per point with a 4X multiplier), to which no other dining card even comes close. Even taking the average American household spend on groceries and dining out(approximately $8000 a year) you are looking at 32K Membership Reward points on top of the 60K sign up bonus for a value of $1840!

Benefits of American Express Gold

Although the American Express Gold has a $295 annual fee, it is EASILY offset by your $120 a year($10 a month) Uber/Uber Eats credit and outsized earning potential above. If you enroll using my link above before 12/31/21, you will also get 12 free months of Uber Eats pass which offers $0 delivery fee on orders over $15, up to $119 in value! These benefits along with baggage insurance, rental car loss/damage insurance, and American Express preferred seating make the annual fee a non issue.

Do you already have the American Express Gold Card? If not why not? Drop a comment below with some destinations you would like to travel to and let’s find a point strategy to get there!