Top Credit Cards to use at Restaurants (updated February 17, 2018)
It has been just over a year since I last updated this post. A few changes to the industry means this post is due for an update. Usually I update this post ahead of Valentine’s Day, but hey, we eat all year round. Furthermore, this has been a long winter in some parts of the country, so spring and summer cannot come soon enough, where we might be more willing to go out. So below is a list of the top credit cards to use at restaurants if you want to prepare for warmer weather ahead of time.
I have classified the credit cards in different categories and listed according to their annual fees. Only credit cards offering at least a 3% return are listed.
Cash Back Credit Cards
American Express SimplyCash Card
- No annual fee
- Earn 5% cash back on restaurants purchases (up to $250 cash back or a maximum of $5,000 in purchases) for the first 6 months
- Earn 1.25% cash back on all other purchases and thereafter
- No annual fee
- Earn 4% cash back on all purchases (for the first 4 months, up to $3,125 in spending or $125 in cash back) (if you apply before October 31, 2018)
- No annual fee
- Earn 4% cash back on all purchases (for the first 4 months, up to $3,125 in spending or $125 in cash back) (if you apply before October 31, 2018)
American Express SimplyCash Preferred Card
- $79 annual fee
- Earn 5% cash back on all purchases for the first 6 months (up to $400 cash back or $8,000 on purchases)
CIBC Dividend Visa Platinum Card
- $99 annual fee for first time cardholders (first year fee waived if you apply before February 28, 2018)
- Earn 4% cash back on the first 4 months (up to $5,000 in spending or $200 in cash back) (if you apply before February 28, 2018)
CIBC Dividend Visa Infinite Card
- $99 annual fee for first time cardholders (first year fee waived if you apply before February 28, 2018)
- Earn 4% cash back on the first 4 months (up to $5,000 in spending or $200 in cash back) (if you apply before February 28, 2018)
BMO CashBack World Elite MasterCard
- $120 annual fee
- Earn 4% cash back on all purchases (for the first 4 months, up to $3,125 in spending or $125 in cash back) (if you apply before October 31, 2018)
Fixed Rewards Credit Cards
Capital One Platinum MasterCard
- No annual fee
- Exclusive to Costco members
- Earn 3% cash back on restaurant purchases
Scotiabank Gold American Express Card
- $99 annual fee
- $29 for additional cardholders
- Earn 4 points for every $1 you spent on dining
CIBC Aventura Visa Infinite Card
- $120 annual fee (first year fee waived if you apply by February 28, 2018)
- Earn 3 points for every $1 spent at select CIBC bonus rewards restaurants
Scotiabank Platinum American Express Card
- $399 annual fee
- $99 for supplementary cardholders
- Earn 30,000 bonus points with your first card purchase
- Earn 4 points for every $1 you spent on dining
Co-branded Credit Cards
CIBC Aerogold Infinite Visa Card
- $120 annual fee
- Earn 15,000 sign up bonus points after the first purchase
- Earn 3 points for every $1 spent at participating CIBC Bonus Rewards restaurants
CIBC Aerogold Visa Infinite Privilege
- $399 annual fee
- $99 annual fee for a supplementary cardholder
- Earn 3.75 Aeroplan miles for every $1 spent at CIBC Bonus Rewards restaurants
Hybrid Credit Cards
American Express Cobalt Card
- $10 monthly fee
- Earn 5 points on restaurant purchases
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