Restaurant Rewards

[HeavenOhio]

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@mongstradamus wrote:
redemption only once a year is probably the major drawback of costco credit cards

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I think the big drawback is that if you decide to discontinue your Costco membership, you no longer have a card.

[wasCB14]

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@HeavenOhio wrote:

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@mongstradamus wrote:
redemption only once a year is probably the major drawback of costco credit cards

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I think the big drawback is that if you decide to discontinue your Costco membership, you no longer have a card.

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True, but Costco membership renewal rates average about 90%. They have some very loyal customers who just consider the cobrand card an afterthought.

[Anonymous]

Personally, 2% back card over the Costco.

[Anonymous]

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@UpperNwGuy wrote:

Neither.  The Chase Sapphire Reserve gives 3 points per dollar for restaurant spending.  You can redeem for cash at $0.01 per point as soon as the statement cuts, or you can redeem them for travel at $0.15 per point which gives a 4.5% total reward rate.

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While I'd LOVE to see $0.15 per point, I think you mean $0.015 (1.5cpp).  BUT 15% would be awesome

[Anonymous]

I’d rather get 4% for the Uber Visa myself...

[Anonymous]

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@Anonymous wrote:

Hi, guys.

Happy New year !!

If you spend about $3500 a year on restaurants, would you rather get 2% anytime you want to redeem, or 3% once a year (Costco Visa)?

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I am not sure why this is a question as doesn't the Cap One Savor give you 3 percent on restaurants that you can redeem anytime? 

[jlitnns]

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wrote:

I’d rather get 4% for the Uber Visa myself...

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I'm with you, what am I missing? I'm seriously considering Uber card this summer just for the 4% at restaurants. 

[Anonymous]

If one is maximizing and doesn’t fly a lot for one of the top end cards I just don’t see the debate here. It’s a card with the portals or the Uber card at 4% for restaurant purchases. Lol. Maybe the original poster just isn’t aware of the card. IDK. I personally don’t fly almost ever so it’s Uber all the way for me. I eat out quite a bit.

[SunriseEarth]

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wrote:

Hi, guys.

Happy New year !!

If you spend about $3500 a year on restaurants, would you rather get 2% anytime you want to redeem, or 3% once a year (Costco Visa)?

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There are a good number of dining options out there.   As mentioned, Marvel DC gives 3% back on all dining, issued on the monthly statement as credit.   Cap One Savor has 3% dining, and can be redeemed any time after it posts.   Chase AARP is another 3% cash back option.   Of course, if you really want to wait a year, Sam's Club also has 3% on all dining.

Uber's 4% could be a good option and I'm considering it.   If you do a lot of fast food spend, you could also look at US Bank Cash+ for 5% Fast Food and perhaps choose Restaurants as the 2% option; unfortunately, this doesn't cover Bars/Cafes or Catering, unlike the Sync cards.

[arkane]

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wrote:

I’d rather get 4% for the Uber Visa myself...

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Yep. Not only do you get 4% (highest no-AF card that I know) on dining, the points also post immediately. As long as you have >2500 points you can redeem anytime you want to.

With the Uber visa, you truly can have your cake and eat it too!