Best Credit Card For Restaurants And Dining Canada

Consumer spending is based on data from the Bureau of Labor Statistics. Many diners may be looking for a credit card for food rewards. We’re also identifying amazing deals in several popular categories, ranging from the best starter bonus to the best combination of restaurant bonus rewards with gas bonus rewards—groceries, travel, etc., entertainment and more. Select the type of rewards you want to earn, such as Air Miles, Hotel Points or Cashback, and you’ll find a variety of meal reward programs to choose from. Below you can find more information about several major credit card companies that offer unique gastronomic experiences to cardholders. Many American Express credit cards allow you to redeem your earned rewards for unique gastronomic experiences. Several restaurant reward programs help restaurants earn additional discounts by offering points, miles, or cash back to purchase a linked credit card. They are more common in larger cities where the restaurant market is the busiest, but it’s still worth joining even if you don’t live in a market that offers it – you never know when you’ll come across one of these restaurants on the street. Go to work or on vacation.

Restaurant And Dining Credit Cards Canada

Whether you’re looking for reward points, cash back, or perks like travel insurance, mobile connectivity, or no exchange fees, you’re sure to find the right card for you. Here we will focus on the rewards and benefits that each card provides. These cards can make a difference for those who pay their balance in full every month. In addition, these cards offer a discount credited to your balance, usually calculated as a percentage of the dollar value of your purchases.

While most cashback cards have accelerated earning rates in specific categories (like food and gas), they also have a minimum base fee for spending outside those categories. For example, the Cobalt American Express Card and the Scotiabank Gold American Express Card offer to skyrocket 5% earning rates on food and drink—you’ll never get rewards like that on a regular cashback credit card. Whether you love taking food out or dining out, several credit cards in Canada can give you extra rewards for your food purchases. Whether you’re dining in person or ordering takeaway, using a credit card that earns dinner bonus rewards can help you earn extra points, miles or cash back.

The rewards you can get with this card are slightly lower than with a premium card, so it’s essential to consider your spending habits when deciding which card is best for you. While other cards may offer similar bonuses with lower annual fees or higher spending limits, none of them have the same overall tier bonuses. The annual cap on bonus points spent in these categories is $50,000, which sets this card apart from the competition. While the rewards aren’t huge, you get a low annual fee, and there’s no limit to the number of cashback bonuses you can earn.

Cardholders receive a 4% refund on qualifying gasoline and groceries, 2% on regular meals, transportation and bills, and 1% on everything else. Purchases for the first four checkouts, up to a maximum of $250+ cashback. This means that if you spend $200 per month on restaurants and takeaways, you will earn $20 per month for the first four months and $4 per month after that. That’s enough to get $300 in credits used to pay for purchases charged to your card or $225 in American ExpressA® Prepaid Cards. On top of that, you’ll also receive a $50 lifestyle credit that you can use as you see fit each year you’re a cardholder.

Plus, you’ll earn two points for every dollar you spend on restaurants, grocery stores, and gas and one point for every dollar you spend on other purchases. You can redeem your points for travel rewards (or 5% back at restaurants) in fixed increments of 1 cent per point. In addition, Amex Membership Rewards points do not expire and can be redeemed for prepaid cards or cash points for 0.8 cents or 0.7 cents per point, respectively, helping you save on everyday purchases.

While Chase Sapphire Reserve only offers 3x Travel and Meal Points (after claiming your $300 Travel Credit), excluding US supermarkets, its initial reward value (when redeemed through Chase) and Travel Credit is much higher than Amex. Gold card. The card has an annual fee of $550, but when you book a trip through the Chase Ultimate Rewards portal, the 50,000 points you get for spending $4,000 in the first three months equals $750 in travel costs.

Earn three points for every dollar spent on entertainment, restaurants and travel, and two points for every dollar spent on other purchases. You’ll earn 5% on grocery, restaurant and entertainment assets, the highest rate available for any card.

If you’re looking for a card that gives you food rewards with no annual fees, try a US bank’s Altitude Go card, which earns 4 points per dollar for food and takeaways (including food delivery services) and 2 points per dollar. . Food lovers who want more restaurant rewards but don’t want to pay an annual fee should consider the US Bank Altitude® Go Visa Signature® card, which offers one of the highest food and beverage delivery reward rates. Dinner 4 times more.

While many of the credit cards listed above allow you to earn reward points that you can use towards fares and transportation, the KOHO Premium Credit Card allows you to earn 2% cash on all restaurant expenses. You will receive a 2% refund when you use KOHO Premium in restaurants, cafes, bars, food delivery and grocery stores of small or large chains. In addition, KOHO Premium comes with several features as a cashback partner where you get accelerated earning rates, price matching and free financial education.

This card also offers Amex Money Saving Offers, which can earn you Reportable Credit or additional Membership Rewards (r) points at select companies. In addition, some travel cards allow you to redeem points for checking account credit to cover any travel expenses, including refundable bookings.

Cardholders will receive food and travel rewards (up to 10x), great rewards benefits, annual travel credits, airport lounge access, and 50% more points in value when redeemed for travel booked through Chase. If you want better rewards like priority airport lounges and security passes, access to luxury hotels, and more willing to pay more, check out the Visa Infinite Privilege* credit card from BMO eclipse. Best Dining Card Runner-Up No Annual Fee Takeout Fast Food Credit Card Chase Sapphire Reserve (r) American Express (r) Gold Card US Bank Altitude (r) Go Visa Signature (r) Card Capital One Savor Cash Rewards Bank of America Cash+ (r) Visa Signature (r) Card Rewards Earn 5x air travel points and 10x hotel and car rental points per year when you purchase travel with Chase Ultimate Rewards(r) immediately after your first $300 in travel purchases.

Also Read:

Travel Credit Cards Canada

Best Credit Cards for Hotels in Canada

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