What to Look for in Credit Cards for Restaurants and Restaurants
When you’re considering a credit card for restaurant expenses, you need to look beyond perks. Here are some factors to consider when evaluating options.
Bonus rates on all purchases
Just because you get a credit card for dining out doesn’t mean you should ignore all other reward categories.
For example, with the Chase Freedom Flex℠ card, you can earn up to 5% cashback on their spinning bonus tiers, which can include dining out. However, with a Citi Premier® card, you consistently earn 3x more points at restaurants, as well as supermarkets, gas stations, air travel, and more. d.
Find the card that maximizes your overall reward potential.
Introductory Bonus Offers
With introductory bonus offers, you can earn a large amount of rewards in a short amount of time. That being said, it’s easy to spend money that you wouldn’t normally spend to get a bonus.
Even if the credit card you choose has an attractive initial offer, be sure to only use it for regular, scheduled purchases that you know you can pay on time.
Here is our list of credit cards with the best enrollment deals.
Bonus Category Restrictions
Not all credit cards offer unlimited cash back in bonus categories such as restaurant meals.
Before you apply for a new credit card, make sure you check your card details to see if there are restrictions associated with bonus categories. If you know you’ll spend more than this amount, consider another unlimited reward credit card.
Annual Fees
While some cards offer amazing cashback rates, they may not be worth it if the card comes with a large annual fee.
For example, the American Express® Gold Card offers great cash rewards, including 4% cash back on dining out and grocery shopping. However, the card also comes with a steep annual fee of $250.
Before choosing a credit card, consider your spending habits to see if the annual fee outweighs the money you get back.
Read more: When is the annual fee for a credit card?
Summary
Whether you’re into dining out, taking out food, or both, the five credit cards mentioned above can help you get your money back and make the most of your spending.
Many of the credit cards mentioned offer at least a 3% cash back or 3x point increase on restaurant spending, including the Chase Sapphire Preferred® Card and the Citi Premier® Card.
Chase Freedom Flex℠ cardholders can earn the same amount plus a free three-month subscription to DoorDash as an added benefit.
In addition, Discover it® Cash Back cardholders can earn up to 5% on dining out through rotating bonus categories every quarter.
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