Best Credit Cards For Restaurants

Best Credit Cards For Restaurants

Best Credit Cards For Restaurants

Americans love eating out and millennials even more. Spending at restaurants and other food vendors continues to increase annually, and is now rebounding after the pandemic. Before the pandemic, Americans were spending more at bars and restaurants than groceries, even though a study in 2016 noted that you could save an average on $9 per meal by preparing it at home.

So maximizing you credit card rewards for your dining purchases is a good idea. Below, you can find the cards you should use every time you go out to eat. 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 1 cent per points to make the ranking easier, but for same rates, I’ll rank Chase Ultimate Rewards cards first, then American Express Membership Rewards cards next, and TYP last.

Citi Prestige

  • 5X ThankYou Points for each $1 spent on purchases at restaurants (including cafes, bars, lounges and fast food restaurants).
  • Annual Fee: $495
  • Earn 50,000 points as a welcome bonus after spending $4,000 within 3 months of account opening.
  • LEARN MORE

Amex Gold Card

U.S. Bank Altitude Go Card

Barclays Uber Card

Capital One Savor® Cash Rewards

  • Earn 4% cashback on dining and entertainment
  • $95 Annual Fee, waived the first year
  • LEARN MORE

Amex Business Gold Card

Chase Sapphire Reserve

Chase Freedom Flex

  • 3X on dining at restaurants, including takeout and eligible delivery services
  • No Annual Fee
  • $200 welcome bonus after you spend $500 on purchases in the first 3 months from account opening.
  • LEARN MORE

Chase Freedom Unlimited

  • 3X on dining at restaurants, including takeout and eligible delivery services
  • No Annual Fee
  • $200 welcome bonus after you spend $500 on purchases in the first 3 months from account opening.
  • LEARN MORE

US Bank FlexPerks Gold Amex

Capital One SavorOne® Cash Rewards

  • Earn 3% cashback on dining and entertainment
  • No Annual Fee
  • LEARN MORE

Marvel Mastercard

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

Costco Anywhere Visa

  • 3% back on restaurants and eligible travel purchases.
  • No Annual Fee
  • LEARN MORE

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

Wells Fargo Propel American Express

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

Other 2% Cards

Cards with 5% Rotating Categories

Some card also have 5% rotating categories each quarter. Restaurants sometimes are one of those catgories, so it’s a good idea to keep an eye out if you have these cards, and maximize the spending when possible.

Card How 5x Works Activate
Chase Freedom Flex 5X Ultimate Rewards points on $1,500 per quarter Activate LEARN MORE
Chase Freedom 5X Ultimate Rewards points on $1,500 per quarter Activate No longer available
Discover it 5% cashback on $1,500 per quarter Activate LEARN MORE
ABOC Platinum Rewards 5x points on $1,500 per quarter Register once LEARN MORE
Citi Dividend 5% on up to $6,000 spend for the whole year, can be earned in any quarter N/A No longer available
US Bank Cash+ 5% cashback on $2,000 per quarter Activate LEARN MORE
Vantage West Card 5% on $1,500 per quarter N/A LEARN MORE

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.

M1 Finance $50 Bonus

12 thoughts on “Best Credit Cards For Restaurants

  1. Pingback: NYC Restaurant Week, How it Works And How to Maximize Savings

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