Credit Cards have become a highly preferred mode of financial transactions, offering convenience and aiding financial planning. Paying via cards can also lead to significant savings. Grocery shopping is a considerable expense done bit by bit. However, using Credit Cards strategically can turn it into a rewarding experience.
Leveraging your Credit Card for smarter grocery purchases can maximise your savings and ensure you make the most of every rupee you spend.
How to save on groceries with a Credit Card?
1. Choose the right card
It is essential to select the right Credit Card that offers optimal rewards and aligns with your specific needs. Select a card with cashback, reward points or discounts tailored for grocery shopping. The best Credit Card you choose should turn your everyday shopping experience into substantial savings.
Axis Bank offers a range of Credit Cards, including its Transit Cards, which enable hassle-free payments for travel and shopping. It also offers the ACE Credit Card, which provides benefits like cashback on bill payments, dining discounts and lounge access.
2. Leverage reward points
Many Credit Cards offer reward points for every rupee spent, which can be redeemed for various benefits, including cashback, vouchers or even additional groceries. Please keep track of accumulating your reward points and use them strategically to offset your grocery expenses. Axis Bank's Neo Credit Card is one such card that provides several offers on food deliveries (40% on Zomato, twice a month) and 10% on grocery deliveries via Blinkit.
3. Set the spending limit
Setting a budget or spending limit and sticking to it helps avoid overspending on groceries. Credit Cards offer statements that provide a detailed record of your grocery expenses, allowing you to set spending limits. There are certain Credit Card features through which you receive alerts when you approach your predefined budget. It also helps you identify areas for potential savings.
4. Maximise your savings strategy
- Pair Credit Card rewards with Axis Bank's EDGE REWARDS Loyalty Programme for added perks.
- Plan purchases carefully with a list to avoid impulse buying.
- Pay off your Credit Card balance monthly to prevent interest charges and debt accumulation, ensuring you fully benefit from rewards without financial setbacks.
5. Planning your purchases
Smart Credit Card grocery shopping starts with planning your purchases. Make a list to avoid impulse buys and leverage weekly flyers and online coupons to target deals. Look for Credit Card categories that offer bonus rewards on groceries and plan your purchases around them. This maximises your points haul while sticking to your budget and ensuring you only buy what you need.
6. Monitor Credit Card statement
Regularly monitor your Credit Card statements to track your grocery expenses and identify any discrepancies. Monitoring your statements helps you stay on top of your spending and enables you to detect any fraudulent transactions promptly. Most Credit Card issuers, including Axis Bank, provide online banking facilities to access your statements easily.
7. Opt for trusted merchants
Whether online or in-store, prioritise reputable establishments to reduce the risk of fraud. This ensures a secure financial environment, safeguarding your card details and maximising the potential for finding the best deals. You can also choose specific cards with chips that can be used with a PIN.
8. Utilise online shopping platforms
In today's digital shopping era, online platforms can be a treasure trove for smart shoppers. They often offer competitive prices, exclusive online discounts and the convenience of comparing products from different brands in a single place. However, using online shopping platforms as part of smart Credit Card strategies in grocery shopping involves leveraging Credit Card rewards and benefits when purchasing products from online grocery stores or delivery services.
Also Read:How to use a Credit Card effectively and smartly
Conclusion
Implementing these smart Credit Card strategies can transform your grocery shopping experience. From maximising reward points and sticking to your budget to enjoying the convenience of online platforms, these tips will help you get the most out of your Credit Card while ensuring you bring home the essentials for less. So, ditch the impulse buys, plan your purchases strategically, and unlock the full potential of your Credit Card.
Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author 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. Please consult your financial advisor before making any financial decision.
