Originally Posted by
gogiantsfan11
Thanks for the information. So, I spend about 12,000 a year on groceries. But, will not use the card for anything else.. Since I get 5 times on gas with husband business Ink card and he spends about $1500 a month on gas alone. Have to decide if its worth another credit pull just for the money back on groceries.
Thanks again...
$12K * 0.06 = $720 - $75 annual fee = $645. Current earning of 1 point/dollar then, depending on what type of point it is, and how you value your points, that's anywhere from 1% to 1.5%. At the top of the spectrum, 1.5% on $12K is $180, netting you $465 annually. If this is likely to be an ongoing expense, it definitely seems worth it. Of course, that math changes based on how you value your points. What are you charging the groceries on right now?