How much do you spend on dining?

[redpat]

Well since Amex Gold is now capping dining at $50k and the new SUB is 100,000 MR points I wanted to see how much I have spent YTD for business and personal dining to see if it's worth getting the card again.  So I went back to 2023 and 2022 it was $31,468.73 and $30,941.67.  I really never looked and I was shocked because it's way more than I thought.

YTD is $16,151.22 so I'll probally hit between $38k - $40k this year because December is pretty big w/ holiday parties and company xmas party, closer to $50k than I thought.  Also, I think inflation will be a big part of the 2024 amount.  

Now I see why Amex put a cap on dining.

[Anonymous]

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@redpat wrote:

Well since Amex Gold is now capping dining at $50k and the new SUB is 100,000 MR points I wanted to see how much I have spent YTD for business and personal dining to see if it's worth getting the card again.  So I went back to 2023 and 2022 it was $31,468.73 and $30,941.67.  I really never looked and I was shocked because it's way more than I thought.

YTD is $16,151.22 so I'll probally hit between $38k - $40k this year because December is pretty big w/ holiday parties and company xmas party, closer to $50k than I thought.  Also, I think inflation will be a big part of the 2024 amount.  

Now I see why Amex put a cap on dining.

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I would guess that's more than most here, especially for those without business dining.   My guess is not too many people spent over $50K but a few spent LOTS, and Amex chose the cap to curb those losses while minimizing the impact on the majority of their customers.   Rather than say doing a BCP style $6K cap.

But maybe I am giving Amex too much credit recently!

[keekers]

I don't really track my dining spend but I know it's definitely nowhere near $50k/year. Assuming you spend $40/day every weekday dining out and spend $125/day on weekends, that only gets you to $23,400 annual spend ($450/week x 52 weeks). Put another way, in order to hit the $50k cap you would have to spend $137 every single day for a year on dining.

[Kforce]

Approx 1%

Grocery is 17%

[redpat]

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@Anonymous wrote:

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@redpat wrote:

Well since Amex Gold is now capping dining at $50k and the new SUB is 100,000 MR points I wanted to see how much I have spent YTD for business and personal dining to see if it's worth getting the card again.  So I went back to 2023 and 2022 it was $31,468.73 and $30,941.67.  I really never looked and I was shocked because it's way more than I thought.

YTD is $16,151.22 so I'll probally hit between $38k - $40k this year because December is pretty big w/ holiday parties and company xmas party, closer to $50k than I thought.  Also, I think inflation will be a big part of the 2024 amount.  

Now I see why Amex put a cap on dining.

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I would guess that's more than most here, especially for those without business dining.   My guess is not too many people spent over $50K but a few spent LOTS, and Amex chose the cap to curb those losses while minimizing the impact on the majority of their customers.   Rather than say doing a BCP style $6K cap.

But maybe I am giving Amex too much credit recently!

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I think they are well aware that individuals use their personal cards for business use and it's okay by them.  My personal amount will be about $12k  - $15K.

[CreditCuriosity]

Single and probably around 20-25k a year on eating out / drinks.   Love my steaks and wine .  Also for a single person many times it isn't pratical to cook for ones self especially if one doesn't like leftovers.  

[ptatohed]

Wow!  I am pretty sure my family of 5 always fits under the 5% cap of $1500/quarter / $500/mo.  This quarter citi CC.  

[swankytiger]

based on last year $6k dining and $6k grocery but tbh the grocery number is inflated because the only place near my office that I choose to eat at is a grocery store. Now if chickfila had their own card 

@CreditCuriosity also just trying to scale down a recipe to one person without having tons of ingredients left over.

[CreditCuriosity]

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@swankytiger wrote:

based on last year $6k dining and $6k grocery but tbh the grocery number is inflated because the only place near my office that I choose to eat at is a grocery store. Now if chickfila had their own card 

@CreditCuriosity also just trying to scale down a recipe to one person without having tons of ingredients left over.

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Understood but still issues with meats such as chicken lets say as don't really like to freeze stuff personally.  I do understand what you are saying though.  Just for me personally at this time in my life it is easier eating out most of the time.  Hopefully when a lucky lady and I find each other maybe things will change with eating out .

[unsungivy]

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@CreditCuriosity wrote:

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@swankytiger wrote:

based on last year $6k dining and $6k grocery but tbh the grocery number is inflated because the only place near my office that I choose to eat at is a grocery store. Now if chickfila had their own card 

@CreditCuriosity also just trying to scale down a recipe to one person without having tons of ingredients left over.

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Understood but still issues with meats such as chicken lets say as don't really like to freeze stuff personally.  I do understand what you are saying though.  Just for me personally at this time in my life it is easier eating out most of the time.  Hopefully when a lucky lady and I find each other maybe things will change with eating out .

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You can snag that lucky lady by learning to cook

I'm doing CookUnity these days myself. And since I'm also dieting, each meal is 2-3 meals worth for me, so it's justifiable (comes in at around $3-$5 a meal, all told. Just found on the forums that the CFF will count CookUnity for groceries, so time to switch to that card for that and hit up that welcome bonus. Maybe later the SYW will overlap some online purchasing deals for me... but it has to arrive in my mail first!