Best Credit Cards for Saving Money

With the cost of living on the rise, every dollar counts. Luckily, you can make the most of your money (and spending!) with the smart use of the right credit cards. Here are our top picks for the best credit cards to help you save money in every scenario:

Best for Saving and Cash Back on Groceries:

American Express Blue Cash Preferred Card

Intro Offer:

Spend $3,000 in the first six months after opening your account and get a $250 account credit!

Rewards at a Glance:

  • 6% cash back on purchases at U.S. supermarkets (up to $6,000 per year, 1% cash back on all grocery purchases after)
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit (including taxis, rideshare, parking, tolls, trains, buses, and more)
  • 3% cash back on gas at U.S. gas stations
  • 1% cash back on all other purchases
  • $7 a month off a Disney Bundle subscription (includes Disney+, Hulu, and ESPN+)

Get The Blue Cash Card!

What makes it great?

The American Express Blue Cash Preferred Card has some of the best rewards rates for grocery purchases, offering 6% cash back on the first $6,000 of grocery purchases made annually, and 1% cash back on all grocery purchases made after. The savings aren’t limited to grocery purchases though, you’ll also save on transportation, earning 3% cash back on all transit-related purchases (including taxis, rideshares, parking fees, tolls, trains, buses, etc.), 6% cash back on select streaming services, and 1% cash back on all other purchases!

In addition to great cash back rates, you can also take advantage of American Express Plan It to break up large purchases into smaller monthly payments with no fees for a limited time!

Get The Blue Cash Card!

Best Credit Card for Saving on Gas and Electric Vehicle Charging:

U.S. Bank Altitude Connect Visa Signature Card

Intro Offer:

Spend $2,000 in the first 120 days after opening your account and you’ll receive a bonus of 50,000 reward points, a $500 value!

Rewards at a Glance:

  • 5X points on prepaid hotels and car rentals booked through the Altitude Rewards Center
  • 4X points on travel expenses, gas stations, and EV charging stations
  • 2X points at grocery stores, grocery delivery, and restaurants
  • 2X points on select streaming services
  • 1X points on all other eligible purchases
  • $30 credit for annual streaming purchases (Netflix, Hulu, Spotify, Apple Music, Disney+, HBO Max, and more)

** Points value is equivalent to 1 cent per point

What makes it great?

The U.S. Bank Altitude Connect Visa Signature Card offers great rewards rates for everyday travel and long-distance trips, offering 4 points per dollar ($0.04 per dollar) on gas and electric vehicle charging, and 5 points per dollar ($0.05 per dollar) on prepaid hotels and car rentals booked with the card. You’ll also get 2 points per dollar on grocery and restaurant purchases, and some fun bonuses, like a $30 annual credit for streaming services, and 4 complimentary visits to VIP airport lounges each year!

 

Best Credit Card for Everyday Spending:

Chase Freedom Unlimited Card

Intro Offer:

Get 1.5% cash back in addition to your regular rewards on the first $20,000 spent within the first year, a bonus of up to $300!

Rewards at a Glance:

  • Earn 5% cash back on Chase travel purchased through Ultimate Rewards
  • Earn 3% cash back on drugstore purchases and dining at restaurants, takeout, and eligible delivery services
  • Unlimited 1.5% cash back on all other purchases

What makes it great?

The Chase Freedom Unlimited card is a well-rounded card for everyday use, without a lot of extra perks. While you won’t get perks like free Netflix or Disney+, the card has one of the highest cash back rates for regular purchases, offering 1.5% cash back on all spending with no annual limit. Cardholders will also get 3% cash back at drugstores, including on the purchase of prescriptions, as well as on dining purchases including take out, restaurant, and some delivery purchases. Travelers can also save, earning 5% cash back on all Chase Travel purchases made through the Ultimate Rewards program!

Best Credit Card for College Students:

Capital One SavorOne Student Cash Rewards Credit Card

Intro Offer:

Get a $50 cash bonus if you spend $100 within 3 months of opening the card.

Rewards at a Glance:

  • Unlimited 3% cash back on dining
  • Unlimited 3% cash back on entertainment (including popular streaming services)
  • Unlimited 3% cash back at grocery stores (excluding superstores like Walmart and Target)
  • 1% cash back on all other purchases

What makes it great?

Geared towards students, the Capital One SavorOne Student Cash Rewards Credit Card offers 3% cash back on the important things, like dining and entertainment (including streaming services)! You’ll also get great rewards rates on the other essentials, including 3% at grocery stores (excluding stores like Walmart and Target), and 1% cash back on everything else!

This card also has one of the easiest intro offers to take advantage of, offering you $50 cash back when you spend just $100 with the card within the first three months of the account. There don’t seem to be any restrictions on the types of purchases you need to make to get the bonus, so it could be as simple as paying your phone bill or picking up groceries!

 

Best Credit Card for Saving on Amazon and Affiliated Brands:

Amazon Prime Rewards Visa Signature Card

Intro Offer:

Amazon Prime members can get an Amazon gift card valued at $100 (or more) instantly upon approval!

Rewards at a Glance:

  • 5% cash back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership
  • 2% cash back at gas stations, restaurants, and on local transit and commuting, including rideshare services.
  • 1% cash back on all other purchases

What makes it great?

If you’re a fan of Amazon and its affiliated brands like Whole Foods, this is the card for you! You’ll get 5% cash back on your spending at Amazon.com, including Amazon Prime memberships and gift cards, at Whole Foods, and on Amazon Fresh orders. You won’t just get rewarded when you shop with Amazon, you’ll also get 2% cash back on local transit, rideshares, and gas, as well as 1% cash back on all other spending! Even better, there’s no wait to redeem your rewards! Your rewards will be paid out by the next day!

Prime members can also get an Amazon gift card worth $100 or more when their credit application is approved. Not a Prime Member? No worries! Your first month is free and you can cancel at any time, allowing you to claim the gift card without a purchase!