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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.

Capital One® Savor® Cash Rewards Credit Card gives you unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, you earn 8% cash back on tickets at Vivid Seats through May 2020. And for a time, you earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from opening your account.

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
Snapshot of Card Features
  • Earn a $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%.
  • You spoke, we listened. Over 1.6 million more places in the U.S. started accepting American Express® Cards in 2018.
  • 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 +

American Express® Gold Card rewards 4X points at U.S. supermarkets on up to $25,000 on 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
Snapshot of Card Features
  • Earn 35,000 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 when you dine at restaurants worldwide. 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 a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. This can be 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.
  • Choose to carry a balance with interest on eligible charges of $100 or more.
  • 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.

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:
17.24% - 25.99% Variable

Balance Transfer:
Intro: 0% for 15 months

Annual Fee:
$0

Credit Needed:
Excellent-Good
Snapshot of Card Features
  • 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
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
  • 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 JourneySM

Card Details +

Chase Freedom Unlimited® lets you earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.

Chase Freedom Unlimited®

Apply Now
on Chase's secure website
Card Details
Intro Apr:
0% for 15 months on purchases

Ongoing Apr:
17.24% - 25.99% Variable

Balance Transfer:
Intro: 0% for 15 months

Annual Fee:
$0

Credit Needed:
Excellent-Good
Snapshot of Card Features
  • New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • 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 JourneySM
  • 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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