Best Credit Cards For Restaurants

Americans love eating out and millennials even more. Spending at restaurants and other food vendors, including beverage sales, stood at an inflation-adjusted annual rate of $605 billion in the second quarter of 2017, up 4% from $584 billion two years earlier, according to the U.S. Commerce Department’s Bureau of Economic Analysis. The month of June showied exceptional growth of 6.1 percent unadjusted YoY.

Americans are now spending more at bars and restaurants than they are on groceries, even though a study in 2016 noted that you could save an average on $9 per meal by preparing it at home.

Best Credit Cards For Restaurants

Now that we established that lots of people eat out, and we got those number out of the way, let’s take a look at which credit cards you should use at restaurants. I’ll start with the cards that give you the highest rates and are widely available, and work my way down from there. I’ll value all points at 1cpp to make the ranking easier, but for same rates, I’ll rank UR cards first, then MR and TYP last.

Amex Gold Card

  • 4X Membership Rewards points at U.S. Restaurants
  • $250 Annual Fee
  • The card has a 50K signup bonus and also 20% back at restaurants up to $100 as of now
  • Read more about the card

Barclays Uber Card

  • 4% back on restaurants, takeout and bars, including UberEATS
  • No Annual Fee
  • Notes: Card is not yet available. You can apply on 11/2/2017
  • Read more about the card

Capital One Savor Card

  • Earn 4% cashback on dining and entertainment
  • $95 Annual Fee, waived the first year
  • $500 bonus after spending $3,000 in first three months
  • Read more about the card

Chase Sapphire Reserve

  • 3X Ultimate Rewards Points on travel and dining worldwide
  • $450 Annual Fee
  • This card is subject to Chase 5/24 rule
  • Read more about the card

US Bank FlexPerks Gold Amex

Capital One SavorOne Card

  • Earn 3% cashback on dining and entertainment
  • No Annual Fee
  • $150 bonus when you spend $500 in first three months
  • Read more about the card

Santander Bravo

  • 3X rewards points on supermarket, gas station, and restaurants
  • $49 Annual Fee (waived first year or with Select/Premier Plus checking account)
  • Rewards are values at 1cpp. 3X rate is capped at $5K spending.
  • Read more about the card

AARP Credit Card from Chase

  • 3X cash back rewards on purchases at restaurants
  • No Annual Fee
  • You do not need to be an AARP member to apply, but just in case you didn’t know, anyone can become an AARP member
  • Read more about the card

TD Cash Rewards

  • 3% Cash Back on dining
  • No Annual Fee
  • Only available in CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
  • Read more about the card

UMB Simply Rewards

  • 3% at Restaurants, Gas stations, Grocery stores, Discount stores
  • No Annual Fee
  • $200 bonus and could be limited based on your location
  • Read more about the card

Amex Blue for Business

  • 2.3X Membership Rewards Points on all purchases on the first $50,000 for the first year
  • No Annual Fee
  • The card is no longer available, and also had 10X Points at U.S. Restaurants on the first $2,000 in purchases
  • Read more about the card

Chase Sapphire Preferred

  • 2X Ultimate Rewards Points on travel and dining at restaurants
  • $95 Annual Fee (waived first year)
  • This card is subject to Chase 5/24 rule
  • Read more about the card

Amex Blue Business Plus

  • Earn 2X Membership Reward Points on the first $50K spent anywhere each calendar year
  • No Annual Fee
  • Read more about the card

Amex Mercedez Benz

Amex Premier Rewards Gold

  • Earn 2X Membership Rewards Points at US restaurants, US gas stations and at US supermarkets.
  • $195 Annual Fee (waived first year)
  • Read more about the card

Citi ThankYou Premier

Amex Hilton Honors Surpass

  • 6X Hilton Honors Points at at U.S. restaurants, supermarkets, and gas stations.
  • $75 Annual Fee
  • Hilton Honors points are worth less than half a cent each, so that’s the reason I places this card lower
  • Read more about the card

Blispay Visa Card

  • 2% Cash Back on all purchases
  • No Annual Fee
  • “No Payments No Interest” on all purchases over $199 if paid in full in 6 months. Could be useful for large purchases.
  • Read more about the card

PayPal CashBack Mastercard

Citi Double Cash

Discover It

  • 1% everywhere, doubled for the first year
  • No Annual Fee
  • 5% quarterly rotating categories, sometimes at Restaurants
  • Read more about the card

Chase Freedom

  • 1X Ultimate Rewards Point everywhere
  • No Annual Fee
  • 5% quarterly rotating categories, sometimes at Restaurants
  • Read more about the card

Please let me know if there’s any other cards that you think should be included in the list, especially if they’re widely available. And also share your opinions on which card you would consider as the best overall.

Advertisements

11 thoughts on “Best Credit Cards For Restaurants

  1. Pingback: New Amex Gold Card Mailers for 50K Offer Do NOT Have Lifetime Language - Danny the Deal Guru

  2. Pingback: UMB Simply Rewards Card Review: $200 Bonus Plus 3X on Gas, Dining & Groceries - Danny the Deal Guru

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.