Bang for your buck: Tips to make the most of your grocery shopping with cashback credit cards

Groceries are an essential living expense that no one should compromise on. Given the inflation, you might have little wiggle room to lower your grocery expenses, but you can take steps to make it more convenient and affordable. Cashback credit cards offer great value when used for grocery shopping. In addition to choosing a cashback credit card, here are some other ways to save money on groceries.

Tips to save on your grocery shopping
 

1. Make a list and stick to it 
 

Before heading to the store, make a list of all the items you need and stick to it. This will help you avoid impulse buys that could add up quickly.

2. Look for sales
 

Keep an eye out for flash sales and stock up on items when they’re discounted. This is a great way to save money on items you would have bought anyway.

3. Buy frozen foods
 

 Frozen foods are typically cheaper than fresh, and they can last just as long. Stock up on frozen fruits and vegetables to save on your grocery shopping.

4. Avoid pre-prepared foods
 

Pre-prepared foods, such as biryanis, curries and dals, are convenient, but they can also be expensive. If you’re looking to save money, avoid pre-prepared foods and opt for fresh ingredients instead.

5. Use the right credit card
 

Some credit card companies provide special privileges, such as cashback offers and rewards for grocery spends. For example, the FIRST Power and FIRST Power+ Credit Cards offer savings of up to ₹4,000 every month via rewards on grocery and utility expenses.

6. Buy in bulk
 

Non-perishable items such as soaps, dental care, detergents, etc. can be purchased in bulk when available at highly discounted prices. This practice will help you save in the long run.

7. Compare prices
 

Look for stores that offer the best price for the items on your shopping list. This will help you get the best deals for your groceries. 

Benefits of using a cashback credit card for grocery shopping
 

Here’s how you can benefit by earning cashback on your credit card -

· Increased savings
 

Every time you pay for your groceries through a credit card, you earn cashback on the total bill. This cashback is credited directly to your credit card account, resulting in higher monthly savings. For example, if your cashback card provides 5% cashback on grocery bills, you will receive Rs 500 back upon the payment of Rs 10,000.

· Exclusive offers and discounts
 

Several credit card companies partner up with retail grocery stores to provide exclusive offers to their cardholders. When you use a credit card from such companies to buy groceries from their partner stores, you not only earn cashback rewards but also get additional discounts on the bill amount.

· Added convenience
 

You can use the earned cashback on your credit card to order essential grocery items online. You can also use it to shop for daily items, such as vegetables, fruits, and meat. The hassle of carrying spare cash is eliminated.

· Builds your credit score
 

When you use your credit card judiciously and pay bills on time, you build a good credit history, and subsequently, your credit score improves.

In conclusion
 

By now, you must have understood the benefits of cashback credit cards. IDFC FIRST Bank offers several credit cards to make your shopping hassle-free. You can enjoy up to 10% discount or cashback on groceries and dine-in. You can also shop with more than 300 merchants and get exclusive offers all year long. Compare IDFC FIRST Bank's Credit Cards and select the best one for yourself.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.