How to Maximize Cash by Using Gift Cards
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Choose the credit card with the highest cash
back % on grocery
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to buy gift card |
at a
supermarket,
In general, the discount store, such as Walmart, Target, Fred
Meyer, and Costco, does not belong to the definition of "supermarket", or
"grocery store" by credit card issuers.
|
which offers |
X
reward points.
Safeway and Kroger stores usually provide at least 2X reward year
round, and sometimes 4X ~ 12X reward for specific gift cards.
Please carefully check each store's program before
purchase.
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You earn |
credit card cash
back (Ⅰ)
|
and |
reward points (Ⅱ).
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Plan A: Redeem reward
points to fuel
discount
|
Gallons per filling |
(tank size)
|
Savings per filling |
dollars
|
Number of fillings |
|
You save |
on fuel (Ⅲ)
|
Total savings |
(Ⅰ+Ⅲ)
|
Equivalent to |
cash back
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Plan B: Redeem reward
points to
grocery discount
Not all stores' reward programs provide grocery discount. According to
our survey, Albertsons (including Safeway, Shaw's, Vons, and other
chains) provides the grocery discount by
redeeming reward points.
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Conversion rate at |
per 100
points
|
You save |
on grocery (Ⅳ)
|
Total savings |
(Ⅰ+Ⅳ)
|
Equivalent to |
cash back
|