1.American Express® Gold Card
American Express
- 4%Cash back on Restaurants Worldwide
- 1%Cash back on all other purchases
Earn 60,000 to 100,000 Membership Rewards points after you spend $8,000 on eligible purchases within your first 6 months of membership.
Earn 4X Membership Rewards points on Restaurants Worldwide on up to $50K in purchases per calendar year, then 1X points for other purchases.
19.49%-28.49% Variable APR
The American Express® Gold Card stands out as the top choice because it offers exceptional rewards for dining and groceries, making it ideal for food enthusiasts. With its generous earning potential and substantial statement credits, it provides significant value that can easily offset the annual fee.
Pros:
- High rewards on dining and groceries
- Up to $400 in annual statement credits
Cons:
- High annual fee
- Requires careful planning to maximize credits
2.Chase Sapphire Reserve®
Chase
- 8%Points on purchases booked through Chase Travel
- 4%Points on direct flights and hotels
- 3%Points on dining
Earn 150,000 points after spending $6,000 on purchases in the first three months of account opening.
Earn 8x points on purchases booked through Chase Travel, 4x points on direct flights and hotels, and 3x points on dining.
19.49%-27.99% Variable APR
What sets the Chase Sapphire Reserve® apart is its unparalleled travel rewards structure, offering 8x points on travel booked through Chase. This card is a favorite among frequent travelers who can leverage its extensive benefits to maximize their rewards and experiences.
Pros:
- High rewards on travel and dining
- Access to premium lounges
Cons:
- Very high annual fee
- Requires maximizing credits for value
3.Capital One SavorOne Cash Rewards Credit Card
Capital One
- 3%Cash back on dining, entertainment, and grocery stores
- 1%Cash back on all other purchases
Earn a one-time $250 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
Earn unlimited 3% cash back on dining, entertainment, and grocery stores, plus 1% on all other purchases.
18.49%-28.49% Variable APR
The standout feature here is the Capital One SavorOne's ability to deliver high cash back rates on dining and entertainment without any annual fee. This makes it an excellent choice for those who frequently dine out or enjoy entertainment, providing significant savings.
Pros:
- No annual fee
- High cash back on dining and entertainment
Cons:
- Limited to specific categories for high rewards
- Lower rewards on non-category purchases
- 5%Cash back on gas at Costco
- 4%Cash back on other eligible gas and EV charging
- 1%Cash back on all other purchases
Receive a $50 digital Costco Shop Card as a promotional bonus if you join Costco as a new Executive Member and apply and are approved for the credit card at the same time.
Earn 5% cash back on gas at Costco and 4% cash back on other eligible gas and electric vehicle (EV) charging.
18.74%-26.74% Variable APR
This card shines for its exceptional cash back on gas purchases, making it a top choice for Costco members who frequently fuel up at their locations. The lack of an annual fee adds to its appeal, providing value for everyday spending.
Pros:
- No annual fee with Costco membership
- High cash back on gas purchases
Cons:
- Requires Costco membership
- Limited to Costco and gas purchases for high rewards
Did you know?
Dining rewards vary by issuer definition of restaurant spend. Compare bonus rates, fees, and whether delivery apps qualify before you pick a card from this list.
Final Words
As you consider the best restaurant credit cards this July, remember that the right choice should align with your spending habits and rewards preferences. Take time to compare the options available to you, ensuring you make an informed decision that maximizes your dining rewards and benefits.
Frequently Asked Questions
The American Express® Gold Card offers a welcome bonus of 60,000 to 100,000 Membership Rewards points after you spend $8,000 on eligible purchases within your first 6 months of membership. You can earn 4X Membership Rewards points on Restaurants Worldwide on up to $50K in purchases per calendar year, then 1X points for other purchases.
The Chase Sapphire Reserve® provides a welcome bonus of 150,000 points after spending $6,000 on purchases in the first three months of account opening. The card earns 3X points on dining, along with 8X points on purchases booked through Chase Travel and 4X points on direct flights and hotels.
With the Capital One SavorOne Cash Rewards Credit Card, you can earn a one-time $250 cash bonus once you spend $500 on purchases within the first 3 months from account opening. The card offers unlimited 3% cash back on dining, entertainment, and grocery stores, plus 1% on all other purchases.
Many restaurant credit cards do have annual fees, especially those that offer premium rewards and benefits. It's essential to evaluate whether the rewards you earn will offset any fees based on your spending habits.
When choosing a restaurant credit card, consider factors like the annual fee, reward rates, and any welcome bonuses. Additionally, look at how rewards can be redeemed and if the card offers any additional perks, such as dining credits or travel benefits.
Yes, most restaurant credit cards allow you to earn rewards on various purchases, though the rates may differ. For example, while the American Express® Gold Card offers 4X points on restaurants, it provides 1X points for all other purchases.
Welcome bonuses are incentives offered by credit card issuers to attract new customers. Typically, you must spend a specified amount within a set timeframe to qualify for the bonus, which can significantly boost your rewards.
