Financial Services Insights Leader | Speaker, blogger, podcast host | Empowering product and marketing teams with data-driven strategies for growth.
Best credit card for groceries? In a recent YouTuber ranking of the best credit cards for groceries (see comments) the AAA Daily Advantage Visa Signature Card from Bread Financial with 5% cash back on groceries and no annual fee came in at #2. It was pipped to the post by Amex Blue Cash Preferred, which offers 6% back on groceries, but that card has a $95 annual fee. Marketing for the AAA card has jumped ⬆ recently, particularly on Paid Facebook and Instagram. 🎯 AAA members (although you don't have to be a member to apply) -5% cash back at grocery stores -3% back on gas, EV charging, wholesale clubs, streaming, pharmacy, AAA purchases -1% back on other purchases -$100 statement credit when you spend $1K in 90 days -No annual fee -No foreign transaction fees 💡Escalation in grocery costs. Inflation is coming down but consumers are still feeling the pain. The average annual cost of groceries per household has increased by 27% over the past six years. This rise in costs has been particularly burdensome for low-income families, who spend nearly a third of their income on food, compared to just 8% for wealthier consumers. 💡💡Time to shine. Consumers are looking for ways to alleviate the pressure from escalating grocery costs with many changing their behavior to find lower prices. It's time for credit cards with a market-leading position on groceries to shine by stepping up and getting their message out. AAA is ramping up its grocery-focused marketing at a time when it can really help its members. #marketing #advertising #socialmediamarketing #directmarketing #grocery #inflation
Financial Services Insights Leader | Speaker, blogger, podcast host | Empowering product and marketing teams with data-driven strategies for growth.
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