Is the Apple Card Now the King of Grocery Spending?
Hey friends, what’s up? Phillip here with Points with Phillip. Today, we’re diving into a major update that has the Apple Card absolutely destroying the competition when it comes to grocery spending.
If you’ve been sleeping on the Apple Card, now is the time to pay attention. But before we get into the details, make sure to hit that like button and subscribe for more credit card tips and financial news.
The Big News: 5% Cash Back on Groceries
The Apple Card just rolled out a brand-new, targeted signup bonus that is a total game-changer for grocery shoppers. Here is the deal: if you’re targeted, you get the standard $75 bonus after your first purchase, PLUS 5% cash back on grocery purchases for the first 6 months.
If you are a cashback shopper, this instantly makes the Apple Card your best option for groceries for the next half-year. While there is a cap of $500 in total bonus Daily Cash, that covers a massive amount of grocery spending—perfect for families or anyone looking to maximize their rewards.
How It Compares to the Competition
To see how big of a deal this is, let’s look at the other heavy hitters in the grocery category:
Capital One Savor: Offers 3% cash back with no annual fee, but it lacks the 5% punch the Apple Card currently offers.
Robinhood Gold Card: Offers 3% back on everything, but it requires a $50 annual Gold membership and forces you to move money into a brokerage account to access it.
American Express Gold: Earns 4x points on groceries, but it comes with a steep $325 annual fee.
Citi Custom Cash: This is the closest competitor, offering 5% back on your top category, but it’s capped at only $500 of spend per month.
For the next six months, the Apple Card’s 5% offer—combined with no annual fee—is simply hard to beat.
More Than Just a Grocery Card
The Apple Card isn't just a one-trick pony. Here is why it earns a permanent spot in my wallet:
The 2% Catch-All: As long as you use Apple Pay, you get an unlimited 2% cash back on every purchase.
3% at Select Retailers: You get 3% back at Apple (including subscriptions like AppleCare and news), Walgreens, Nike, Panera Bread, and more.
High-Yield Rewards: Your cash back is deposited daily into an Apple Savings account, which currently earns a high interest rate. You’re essentially earning interest on your rewards the moment you get them!
0% Financing on Apple Gear: If you need a new iPhone or Mac, you can pay it off over 6–18 months at 0% interest while still earning your 3% cash back upfront.
No Fees: $0 annual fee and $0 foreign transaction fees, making it a great companion for international travel.
A Personal Note: My Health Journey
Before we wrap up, I wanted to share something personal. Over the last year and a half, I’ve lost over 100 pounds. It’s been a huge journey for me, focused on being healthier for my wife and son.
Along with working out and staying hydrated, I’ve been using weight loss shots that have helped me stay focused on my goals. If you’ve been struggling with your own health journey and insurance isn't covering the options you need, check out the link in the description. There are new players in the field making these options more affordable and transparent. It’s changed my life—I’m stronger, I can play with my son longer, and I just feel better overall.
Looking to the Future: The Move to Chase
One final piece of news: the Apple Card is currently with Goldman Sachs, but it will be moving to Chase over the next few years. This opens up some exciting possibilities. Will we eventually be able to convert Apple cash back into Chase Ultimate Rewards points? Only time will tell, but it makes this card even more interesting to hold.
What do you think? Are you going to add the Apple Card to your wallet for that 5% grocery boost? Let me know in the comments below!