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New Capital One card offers 3 percent cash back on dining

By  |  Published: April 13, 2017

Capital One Premier Dining Rewards card

 

Capital One Premier Dining Rewards card

 

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We’ve all got to eat, right? So why not get cash back while doing it? Capital One is offering just that with the launch of the new Premier Dining Rewards credit card, which lets card members earn unlimited cash back rewards on food purchases.

As a Capital One Premier Dining Rewards cardholder, you earn cash back as follows:

  • Three percent cash back on dining.
  • Two percent cash back on groceries.
  • One percent cash back on all other purchases.

Cash back rewards do not expire, and they can be redeemed at any time, for any amount.

More than just a ‘dining’ card?

While the Capital One Premier Dining Rewards card seems ideal if you plan to eat out a lot, it has much more to offer.

In addition to its rewards program, the card is teeming with benefits, such as:

  • $100 sign-up bonus – Receive a one-time bonus of $100 after making $500 in purchases within the first three months of card membership.
  • No annual fee – You can enjoy the card’s plethora of travel and purchase benefits without paying a yearly fee.
  • No foreign transaction fees – You won’t be charged foreign transaction fees for any purchases made while traveling outside of the U.S. This is a sweet deal for a no-annual-fee card and makes the card ideal for traveling as well as dining out.

The Premier Dining Rewards card also comes with a slew of World Elite Mastercard benefits, including extended warranty protection on purchases, price protection and identity theft resolution services. Cardholders also have access to complimentary concierge services, travel upgrades at no additional charge and travel protection up to $1,500 per trip.

Stacking up against the competition

With the launch of the Premier Dining Rewards card, Capital One joins a select list of cards that offer 3 percent cash back on dining. Although this is a generous offer, it is not the highest cash back offer available for dining. The Discover it Cashback Match card offers a whopping 5 percent cash back at restaurants, and the Chase Freedom card offers 5 percent cash back at grocery stores.

However, because the rewards categories for these cards are offered on a rotating, quarterly basis, you can only earn cash back on dining for a few months out of the year. For example, Chase Freedom cardholders earn cash back at grocery stores from April to June 2017.

Other 3 percent cash back offers include the following:

Credit cards that offer 3 percent cash back at restaurants 
Credit card Cash back Sign-up bonus Annual fee
Capital One Premier Dining Rewards card
  • 3% on dining
  • 2% on groceries
  • 1% on other purchases
$100 after spending $500 in the first 3 months $0
AARP credit card from Chase
  • 3% on dining and gas
  • 1% on other purchases
$100 after spending $500 in the first 3 months $0
Costco Anywhere Visa card by Citi
  • 4% on eligible gas station purchases
  • 3% on dining and eligible travel purchases
  • 2% on Costco purchases
  • 1% on other purchases
None $0, but $55 for Costco membership
Sam’s Club Mastercard
  • 5% on eligible gas station purchases
  • 3% on dining and travel
  • 1% on other purchases
None $0

 

See relatedAmerican Express Platinum card amps up sign-up bonus to 60k points, Chase announces 100,000-point bonus for Marriott Rewards Premier Card

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Updated: 08-20-2017

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