Best Credit Card for Restaurant of 2020

by admin June 14, 2020
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Best Credit Card for Restaurant of 2020

Food can be the greatest joy in life. There is nothing, which can beat the great meal in the quality of restraint. The ambiance, flavors, and the lace of the effort, all can add up to the perfect evening. Todays the dining out becomes very expensive. So, you should do, whatever you can to save money. One of the great things you can do is to optimize your credit card rewards at the time of dining out. Here in this article, we will explain to you some of the best credit cards for the restaurants. It will help you to maximize your rewards. So that you can save money on the dining out.

Best Credit Cards for Restaurants According to Our Choice

If you are looking for the best credit cards for the restaurant or dining out, then probably you will find more than the hundreds of credit cards. Here in this article, we will explain some of the best credit cards, which can maximize rewards on your dining purchases.

Best No-Annual Fee: Capital One SavorOne

Capital One SavorOne is one of the best credit cards chosen for the restaurants. It could be a perfect choice for those, who don’t want to pay the annual fee. Without the annual fee, this card offers some of the great rewards for the restaurants.

Benefits:

  • You will get to earn 3% cashback on the dining and entertainment.
  • At the purchase of grocery stores, you will get 2% of the amount.
  • All other purchases using this card, you will get 1% of the amount you spend.
  • On spending $500 within the first 3 months of your account opening, you will get a one-time cash bonus of $150.

Rates and Fees:

Rates:

  • APR for Purchase: For the first 15 months of your account opening, you don’t have to pay any introductory fees. After the service period ends, you need to pay 15.49%, 21.49%, or 25.49%. It can vary on your creditworthiness.
  • APR for Cash Advances: For the cash advance intro APR is 25.49%.
  • APR for Transfers: The balance transfer intro APR is 15.49%, 21.49%, or 25.49%. It can vary on the market based prime rate.

Fees:

  • Annual Fee: You don’t need to pay an annual fee for the SavorOne credit card.
  • Transfer Fee: You need to pay 3% of the amount you transfer each time.
  • Cash Advance: If take a cash advance, then you have to pay either $10 or 3% of the amount, whichever is greater.
  • Late Payment Fee: For the late payment fee, you will be charged up to $39.

Apply: www.capitalone.com/credit-cards/savorone-dining-rewards/

Best for Fine Dining & International Dining: Chase Sapphire Reserve

Those who prefer the finer things in life, Chase Sapphire Reserve could be a great option for them. This is one of the luxury credit cards offered by the Chase. In these credit cards, you will get a huge host of benefits and exclusive perks. If you like to travel and eat out a lot, then Chase Sapphire Reserve Credit Card would be a perfect choice for you.

Benefits:

  • If spend $4,000 within the first 3 months, you will get up to 50,000 bonus points.
  • On travel and dining, from the airfare and hotels, you will get the 3X points.
  • You will receive up to $300 in statement credit every year.

Rates and Fees:

Rates:

  • APR for Purchase: The introductory APR for this card is 16.99% to 23.99%. It can vary on the market based prime rate.
  • APR for Balance Transfer: The balance transfer APR is 16.99% to 23.99%.
  • APR for Cash Advance: For the cash advance APR is 24.99% but it can vary on the market based prime rate.
  • Minimum Interest Charge: There are no minimum interest charges.

Fees:

  • Annual Fees: The annual fee for this card is $550. For each authorized user is $75 per year.
  • Balance Transfection Fee: You need to pay either $5 or 5% of the amount of your transfer.
  • Cash Advance Fee: You will be charged either $10 or 5% of the amount you make transaction off.
  • Foreign Transaction Fee: There are no foreign transaction fees for this card.
  • Late Payment Fee: You will be charged up to $39 for the late payment fees.
  • Return Payment Fee: The return payment fee for this card is up to $39.

Apply: www.creditcards.chase.com/rewards-credit-cards/sapphire/reserve

Best Signup Bonus with No Annual Fee: Wells Fargo Propel

The Wells Fargo Propel Card is issued by the American Express. It is one of the best cards for the restaurants, and the number of other categories as well. You will get up to 3% cash back on dining, travel, bars, gas, steaming, and more.

Benefits:

  • On spending $1,000 within the first 3 months of your account opening, you will get 20,000 bonus points, which is the worth of $200 cash redemption value.
  • On eating out and ordering in gas stations, transit, and rideshares, you will get 3X points.
  • On the other purchases using this card, you will get to earn 1X points.

Rates and Fees:

Rates:

  • APR for Purchase: For the first 12 months of your account opening, the intro APR is 0.00%. But after the 12 months, the intro APR will be 13.99% to 25.99%. Based on the U.S. prime rates, the intro APR can change.
  • APR for Balance Transfer: There are no balance transfer introductory fees for the first 12 months. After the service period ends, you have to pay 13.99% to 25.99% for the balance transfer.
  • APR for Cash Advance: For the cash advance, your APR will be 23.99% to 25.99%.
  • Minimum Interest Charge: The minimum interest charges will be less than $1.

Fees:

  • Annual Fee: There are no annual fees for the Well Fargo Propel Card.
  • Balance Transfer Fee: If you transfer balance, then you have to pay either $5 or 3% of the amount of each balance transfer.
  • Cash Advance Fee: If you take a cash advance, you will be charged either $10 or 5% of each advance.
  • Late Payment Fee: You will be charged up to $37 as the late payment fees.
  • Return Payment Fees: For the returned payment fees, you will be charged up to $37.

Apply: www.wellsfargo.com/credit-cards/propel/

Best for Uber Users: Uber Visa from Barclays

Uber Visa Card is another good option for dining out. Here you can get a lot of rewards and perks with this card. You can only redeem your rewards on Uber rides. So, if you use Uber, then Uber Visa card would be an excellent choice for you. Or, if you are not an Uber user, then this card is not for you.

Benefits:

  • On spending $500 on the purchase within the first 90 days of your account opening, you will be rewarded with $100 Uber Cash.
  • You will get 5% cashback on Uber, Uber Eats, and JUMP.
  • On dining, hotels, and airfare, you will get up to 3% of back in Uber Cash.

Rates and Fees:

Rates:

APR for Purchase: On purchase, the APR rate will be 15.74%, 21.74%, or 26.49%. The introductory APR can vary on your creditworthiness.

APR for Balance Transfer: You have to pay 15.74% to 21.74% or 26.49% of the amount.

APR for Cash Advance: Up to 26.74% of the cash you take an advance.

Fees:

Annual Fee: You don’t have to pay an annual fee for this card.

Balance Transfer Fee: For the balance transfer, you have to pay either $10 or 3% of the amount you transfer each time.

Apply: cards.barclaycardus.com/banking/cards/uber-visa-card/

Best for Fast Food: U.S. Bank Cash+ Visa Signature Card

If you love fast food, then you probably glad to know that the U.S. Bank Cash+ Visa Signatures Comes with the highest reward rates on fast food. On your food purchases, you will get up to 5% cashback. Nowadays, most of the Americans are using this card and on dining purchases, you can save up to $84.

Benefits:

  • On spending of $500 within the first 90 days, you will get to earn a $150 rewards bonus.
  • On your first $2,000 in combined eligible purchases, you will receive up to 5% cashback.
  • You will get 2% cashback on using at gas stations, restaurants, and grocery stores.
  • On your other eligible purchases, you can earn a flat 1% of cashback.

Rates and Fees:

Rates:

APR for Purchase: Based on your creditworthiness, you will be charged 13.99% to 23.99%.

APR for Balance Transfer: For the first 12 billing cycles for balance transferred within the 60 days, you will be charged 0% of the introductory-APR. But after that period, you have to pay 13.99% to 23.99% of the amount you transfer.

APR for Cash Advance: The cash advance for this card, charges up to 23.99%.

Fees:

Annual Fee: They do not charge any annual fees for this card.

Cash Advance Fee: You have to pay 4% or $10 of the amount you take each cash advance.

Late Payment Fee: For the late payment you will be charged up to $40.

Return Payment: If you charged a returned payment, then it will be up to $35.

Apply: www.usbank.com/credit-cards/cash-plus-visa-signature-credit-card.html

Best for Everyday Purchases: Citi Double Cash

Citi Double Cash is a good choice for any food lover. Here you will get several rewards using this card. Whether it’s a cab fare, meal out, or a charismas gift, you will get 2% on every purchase.

Benefits:

  • You will get to earn 1% unlimited cashback on when you make a purchase.
  • You will get 1% additional cashback on that purchase.

Rates and Fees:

Rates:

  • APR for Purchases: The introductory APR for purchase is 13.99% to 23.99%.
  • APR for Cash Advances: The cash advance intro APR is 25.24%.

Fees:

  • Annual Fee: There is no annual fee for Citi Double Cash.
  • Balance Transfer Fee: You need to pay $5 to 3% of the amount of each transfer.
  • Cash Advance: You will be charged $10 to 5% of the amount of each cash advance.
  • Late Payment Fee: For the first time, you don’t have to pay any annual fees. But after that, you will be charged up to $40.
  • Returned Payment: The returned payment fees for this card is up to $40.

Apply: www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-double-cash-credit-card

Conclusion

Picking the best credit card for dining out is important to maximize your rewards and savings. You will probably get a hundred credit cards available on the internet. Above mentioned credit cards are some of the finest choices for the dining out.

 

Read Also… Best Chase Credit Cards of 2020

Reference Link

Capital One SavorOne: www.capitalone.com/credit-cards/savorone-dining-rewards/

Chase Sapphire Reserve: creditcards.chase.com/rewards-credit-cards/sapphire/reserve 

Wells Fargo Propel: www.wellsfargo.com/credit-cards/propel/

Uber Visa from Barclays: cards.barclaycardus.com/banking/cards/uber-visa-card/

U.S. Bank Cash+ Visa Signature Card: www.usbank.com/credit-cards/cash-plus-visa-signature-credit-card.html

Citi Double Cash: www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-double-cash-credit-card

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