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10Jan 2019

How to Buy Gift Cards to Get Credit Card Rewards – Credit.com News


January 9, 2019 &#8226 min read by Jason Steele


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[DISCLOSURE: Credit cards from our partners are mentioned below.]

For some, the gift of a gift cards is the perfect present. Maybe that’s why sales of gift cards were projected to hit 160 billion U.S. dollars in 2018.1 But perhaps there’s no better gift than rewarding yourself when you buy a gift card for someone else. You can do that when you buy gift cards to get credit card rewards on your rewards credit card.

The key to earning the most points, miles or cash back from your gift card purchases is to use a rewards credit card that offers the most rewards for your purchase or ideally added rewards at the specific type of retailer you shop at. Then it’s simply a matter of finding the perfect gift cards at stores that fit within the designated reward or merchant categories.

Buy Gift Cards to Get Credit Cards Rewards at Grocery Stores and Supermarkets

Supermarkets have some of the most extensive selections of gift cards available. If you buy gift cards at a grocery store with a credit card that offers higher rewards points or cash back for shopping at a grocery store, you maximize your own rewards too. Consider these cash back and points offers for grocery store purchases.

Blue Cash Preferred® Card from American Express gives you 6% cash back on up to $6,000 in purchases at U.S. supermarkets annually, and 1% after that. You also earn other rewards. Buy just $400 worth of gift cards at a grocery store using the Blue Cash Preferred card and get $24 of your own!

Blue Cash Everyday® Card from American Express

Apply Now

on American Express’s secure website

Card Details
Intro Apr:
0% for 15 months on purchases


Ongoing Apr:
15.24%-26.24% Variable


Balance Transfer:
15.24%-26.24% Variable


Annual Fee:
$0


Credit Needed:
Excellent-Good

Rates and Fees

Snapshot of Card Features
  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.

Card Details +

Hilton Honors American Express Ascend Card rewards 6X Hilton Honors Bonus Points for each dollar spent on eligible purchases at U.S. supermarkets as well as other rewards.

Hilton Honors American Express Ascend Card

Apply Now

on American Express’s secure website

Card Details
Intro Apr:
N/A


Ongoing Apr:
17.99%-26.99% Variable


Balance Transfer:
17.99%-26.99% Variable


Annual Fee:
$95


Credit Needed:
Excellent-Good

Rates and Fees

Snapshot of Card Features
  • Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Ascend Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership.
  • Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 on purchases on your Card in a calendar year.
  • Earn 12X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with a hotel or resort within the Hilton Portfolio.
  • Earn 6X Hilton Honors Bonus Points for each dollar of eligible purchases on your Card at U.S. restaurants, U.S. supermarkets, and U.S. gas stations.
  • Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card.
  • Spend $40,000 on eligible purchases on your Card in a calendar year and you can earn Hilton Honors Diamond status through the end of the next calendar year.
  • $95 annual fee.
  • Terms Apply.

Card Details +

American Express® Gold Card rewards 4X points at U.S. supermarkets on up to $25,000 om purchases each year and 1X after that.

American Express® Gold Card

Apply Now

on American Express’s secure website

Card Details
Intro Apr:
N/A


Ongoing Apr:
N/A


Balance Transfer:
N/A


Annual Fee:
$250


Credit Needed:
Excellent-Good

Rates and Fees

Snapshot of Card Features
  • Get the American Express® Gold Card in Limited Edition Rose Gold, only available until 1/9/2019.
  • Receive 20% back as a statement credit at U.S. Restaurants within the first 3 months, up to $100 back. Offer available to new Card Members who apply by 1/9/2019.
  • Plus, earn 25,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new card within the first 3 months.
  • Earn 4X Membership Rewards® points at U.S. restaurants. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Earn up to $10 in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and Ruth’s Chris Steak House. This is an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.

Card Details +

Capital One® SavorOne℠ Cash Rewards Credit Card pays 2% cash back on purchases made at grocery stores along with other rewards.

Capital One® Savor® Cash Rewards Credit Card

Apply Now

on Capital One’s secure website

Card Details
Intro Apr:
N/A


Ongoing Apr:
16.74% – 25.74% (Variable)


Balance Transfer:
16.74% – 25.74% (Variable)


Annual Fee:
$0 intro for first year; $95 after that


Credit Needed:
Excellent-Good

Snapshot of Card Features
  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that

Card Details +

More Ways to Reward Yourself

Outside of gift card racks, you can earn added rewards for purchasing gift cards directly from retailers included in rotating quarterly bonus categories from some credit card issuers. Cards that offer added bonuses for select categories each quarter include the Chase Freedom Card and the Discover it Cash Back card. And rotating rewards categories can include Amazon.com, restaurants, department stores and more.

Alternatively, you can choose a standard rewards level for purchases anywhere with a rewards credit card.

Chase Freedom gives you unlimited 1% cash back on any purchases and 5% cash back on up to $1,500 per quarter in select bonus categories.

Chase Freedom®

Apply Now

on Chase’s secure website

Card Details
Intro Apr:
0% for 15 months on purchases


Ongoing Apr:
16.99% – 25.74% Variable


Balance Transfer:
Intro: 0% for 15 months


Annual Fee:
$0


Credit Needed:
Excellent-Good

Snapshot of Card Features
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.99-25.74%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases – it’s automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee

Card Details +

Discover it® Cash Back pays 5% cash back at different places each quarter, including grocery stores and 1% cash back on regular purchases.

Discover it® Cash Back

Apply Now

on Discover’s secure website

Card Details
Intro Apr:
0% for 14 months on purchases


Ongoing Apr:
14.24% – 25.24% Variable on purchases & balance transfers


Balance Transfer:
Intro: 0% for 14 months


Annual Fee:
$0


Credit Needed:
Excellent-Good-Fair

Rates and Fees

Snapshot of Card Features
  • INTRO OFFER: Discover will match ALL the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No annual fee.

Card Details +

Chase Freedom Unlimited® gives you unlimited 1.5% cash back on all purchases anywhere.

Chase Freedom Unlimited®

Apply Now

on Chase’s secure website

Card Details
Intro Apr:
0% for 15 months on purchases


Ongoing Apr:
16.99% – 25.74% Variable


Balance Transfer:
Intro: 0% for 15 months


Annual Fee:
$0


Credit Needed:
Excellent-Good

Snapshot of Card Features
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.99-25.74%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase – it’s automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee

Card Details +

Reward the Act of Giving

To be sure, giving a gift is an act of generosity and a way of expressing yourself to your friends and loved ones. But if you’re going to purchase a gift card, it’s only prudent to do so while rewards yourself with the most cash back or rewards possible. Isn’t it?

Note: Interest rates, fees and terms for credit cards, loans and other financial products frequently change. Rates, fees and terms for credit cards, loans and other financial products cited in this article may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

1 https://www.statista.com/statistics/671202/us-gift-card-sales/

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