Points, Rewards & Offers | Best credit cards for dining out in 2022
The credit card business in the USA is dynamic and fast-growing. More and more people are getting ready to use their cards to pay for restaurant bills and dine out. But with so many credit card options, it becomes very difficult to know which one is the best for you. Here is a complete guide to help you choose the best credit card for dining and restaurants.
What Is a Dining Expense?
Dining expenses are the cost of meals and beverages consumed by an individual, excluding alcoholic beverages. Dining expenses can be accounted for as a deduction on a personal income tax return.
The general rule is that if the meals were for business purposes, the taxpayer needs to record who they were meeting with and why. If it was just for pleasure, there is no need to have any documentation outside of just the receipt from their meal or drinks they had while dining out.
It’s crucial to know how to account for these expenses because it could mean a substantial difference in how much tax you owe or whether or not you receive any refund at all from your federal taxes.
The Best Credit Cards For Restaurant Diners in 2022
The vast majority of credit cards come with rewards programs that can be used to get cash back or travel deals. Some of these programs also offer discounts on restaurants and other food establishments, which is perfect for diners who want to take advantage of deals when they can.
If you’re in the market for a new credit card, think about what kind of dining benefits you need to make your life easier. Choosing between multiple credit cards can be a daunting task. With so many options out there, it isn’t easy to pick the best one for you.
There are many factors to consider, such as annual fee, interest rates, rewards points and cash back, and most importantly, the grace period on purchases. Here is a list of the best credit cards for diners based on your needs.
1. Chase Sapphire Reserve
Chase Sapphire Reserve card is one of the best credit cards for dining and restaurants. It has a 2x rewards program for dining and restaurants. You can earn 2x points on dining out and restaurant purchases.
2x points on travel and dining and resort and 1x points on all other purchases. All travel and dining purchases generate a 10% points rebate. You can redeem them by booking travel and dining. You can redeem $300 cash as a statement credit toward travel purchases charged to your card each year’s account.
You can also redeem $100 as cash as a statement credit toward dining purchases charged to your card each account anniversary year. The annual fee is $450. But you can take advantage of a $300 travel credit and $100 dining credit. So the annual fee is $150.
It makes sense to pay an annual fee because of $150 cash back. If you use the card for all dining spendings and travel spendings, you will easily get $150 cash back in one year. So it is the best card for dining and restaurants.
2. Capital One Savor Cash Rewards Credit Card
Capital One Savor Cash Rewards Credit Card is best because it lets you earn 3% cash back on dining and entertainment and 2% on groceries and restaurants.
This is a great card if you like to eat out and if you like to cook your food and entertain friends and family at home. You can also earn cash back for making purchases on things you would buy anyway, such as groceries or gas. There is also a sign-up bonus: 0% Introductory Annual Percentage Rate for six months on balance transfers and 3% cash back on purchases for the first six months.
It sounds great, but there is one big “catch”: the APR is higher than average at 24.99%, including a $120 annual fee.
The only downside is that you have to use the card at least once a month to stay active, but if you do that, you’ll enjoy a nice cashback bonus on your purchases.
3. U.S. Bank Altitude Go Visa Signature Card
The United States Bank Altitude Go Visa Signature Card is good for people who use their debit card frequently. The main draw of this card is the lack of a monthly fee. There is no cost to use the card, so you will not worry about paying any charges. If you are looking for a card that will save you money at restaurants or dining, this is a good option.
The rewards program is also very simple, and it is easy to rack up some rewards. The card offers 1 Point per $1 spent. This means that you will get one point if you spend $1. Once you collect 1,000 points, you will redeem them for $10 in cash or rewards. So, you will not be getting very high value here, but it is still enough to make this card valuable.
4. American Express Gold Card
The American Express Gold Card provides a wide range of benefits and rewards to the holders. The Card has a high annual fee of $195. However, its benefits and rewards make it a pretty good deal. The Card has a rewards program based on the Card’s anniversary date. The anniversary date is the date from which you started using the Card. In the first year, you earn Membership Rewards points at a rate of 1%. In the second year, you earn at a rate of 2%.
In the third year, you earn at a rate of 3%. In the fourth year, you earn at a rate of 4%. In the fifth year and every year after that, you earn at a rate of 5%. You can use your Membership Rewards points for a wide range of rewards.
Some examples include airline miles, cash back, gift cards, and merchandise. Another benefit of the Card is a 5% discount at restaurants. The Card also has a 24/7 concierge service. In addition, the Card has a $100 yearly airline fee credit that can be used for airline fees or to buy airline tickets from American Express.
No foreign transaction fee. Also, no penalty APR. See other American Express credit cards.
5. Chase Freedom Unlimited
This is an interesting new cash back card. With this card, you get 1.5% unlimited cash back on every purchase, including restaurants and dining at supermarkets. This is not an introductory APR offer. It is unlimited cash back, forever. There is no annual fee either. However, there is a $1,500 cash back cap on combined purchases of gas and restaurants per quarter. Once you hit that cap, you stop earning cash back on gas and restaurant purchases.
This card is issued by Chase bank. It is compatible with the Chase Freedom card, so you can use it to make purchases at restaurants and grocery stores if you have Chase Freedom cards. The only restaurant category Chase Freedom card does not earn 5X on is fast food.
For 5X Chase Freedom cards earned in restaurants, you have to have the Chase Sapphire Preferred or Reserve cards. You can link your Chase Freedom card to the Chase Freedom Unlimited card. This way, your Chase Freedom card purchases will count towards the $1,500 per quarter cap on the Chase Freedom Unlimited card.
6. Citi Premier Card
Citi Premier Card is a great choice for dining needs because of the dining rewards offered to users. You can get 3 points for every dollar you spend at restaurants. The points earned with the Citi Premier Card can be redeemed for gift certificates and gift cards from a variety of stores. The Citi Premier Card is a great option for those who enjoy dining out and want credit towards gift cards and gift certificates that you can use with the restaurants you love.
The Citi Premier Card is also a great choice for those who enjoy shopping at department stores. There is an option for cardholders to earn 3 points for every $1 spent on department store purchases. You will be able to redeem your points for gift cards and gift certificates with department stores as well.
There is always the option to redeem your points for gift cards and gift certificates from various popular retailers as well. A Citi Premier Card is a great credit card for those who like to shop and enjoy dining out at restaurants.
7. Hilton Honors American Express Card
The Hilton Honors American Express Card is the best credit card for dining. Here is why it has no annual fee and an introductory annual percentage rate (APR) of 0.00 – 6.99 %, depending on credit rating.
It also offers 6x points at U.S. restaurants, 6x points at U.S. supermarkets, 3x points at U.S. gas stations & department stores & 1x points at all other purchases. You get an annual free weekend night at any hotel/resort in the Hilton network worldwide. Enjoy Hilton Honors Diamond status after spending $40,000 in a calendar year.
This credit card also offers one Weekend Night Reward Bonus at hotels/ resorts in the Hilton network worldwide after spending $15,000 in a year.
You get 10,000 bonus points when you spend $1,000 in the first three months. The 10x points categories are limited to Fine Dining – 5x points, Airline Dining – 2x points, Casual Dining – 2x points & Hilton Hotels & Resorts – 2x points.
8. Citi Custom Cash Card
Citi Custom Cash Card is a cash reward credit card. You can use it anywhere an American Express card is accepted. You can use this card for your food bills at restaurants, bars, movie theatres, etc. For every $100 you spend, you will earn $3.00. If you spend $100,000 per year, you will earn $180 per year. You can redeem your rewards for gift cards, cash, or a statement credit.
You can use this card for shopping at Amazon.com, but you cannot use it for shopping at the following stores: Apple, Best Buy, Lowe’s, Neiman Marcus, Nordstrom, Publix, Staples, Target, Whole Foods Market, and any other store which is not on the list. You can use this card for grocery bills at any of these stores. You can use this card for buying travel tickets at any of these stores. You can use this card to get cash at the ATM.
You can use it anywhere you want. This card is easy to use. You can pay using it at supermarkets, restaurants, shopping malls, etc. Citi Custom Cash rewards is a very useful card.
9. Discover it Cash Back
The Discover it card is a decent card for people who want a card with a decent rewards program. The Discover it cash back card is a decent card for people who want a card with a decent rewards program. This card has a 0% intro APR for 12 months on purchases and has a 14.24%-24.24% variable APR. However, you can get a free FICO score from Discover, and you get a free FICO score from Discover.
This is a huge advantage for people who are trying to get out of debt. In addition, this card has a 0% intro APR for 12 months on purchases and a 14.24%-24.24% variable APR after that. The Discover it cash back card also has a rewards program that gives you 1% cash back on all of your purchases for the first year. After that, you get at least 1% cash back on all of your purchases, and you get 5% cash back for rotating categories every quarter.
10. Chase Freedom Flex
Chase Freedom Flex is one of the most popular credit card offers. As a Chase Freedom Flex cardholder, you can earn a $500 bonus after spending $500 within the first three months. This bonus is not spendable, and you can use it for travel, cash back and more (at 1% cash back), or you can use it for statement credit (at 5% cash back).
The only downside is that there is a fee for this card. It is $0 in the first year, but it is $39 as an annual fee after the first year. This is not the only reward credit card for restaurants and dining. If you like restaurants and dining, there is also Barclaycard Arrival Plus World Elite MasterCard.
This credit card is good for those who spend money in this category. This credit card has 2% rewards for restaurants, grocery stores, travel and 1% rewards for all other purchases.
Final thoughts & Conclusion
We hope you enjoyed our list of the top ten best credit cards for dining and restaurants in the year 2022. We know that your hard-earned income should be put to good use, and we want to help you enjoy the best dining and restaurant experience possible. With this list, we think that you can find a high-quality credit card that will fit your needs and provide you with exclusive perks and rewards. So what are you waiting for? Start applying for one of these credit cards today and make the most of your dining and restaurant experience.