For restaurants, fast food, bars, etc.

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cater
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For restaurants, fast food, bars, etc.

Postby cater » Sun Jul 21, 2013 4:19 pm

Hey everyone,

With the recent changes to the US Bank Cash+ Visa, I'm curious what everyone thinks the best cashback card for spending money at restaurants/fast food/possibly bars would be?

The Citi Forward card looks like the best alternative to the Cash+ Visa, as it earns 5% on "restaurants", but I haven't seen anything specific on what would fall under a restaurant. Coffee shops? McDonalds? Obviously this would work for sit-down places, but would this apply to fast food and possibly bars and coffee shops?

If fast food would fall under that category it seems like the Citi Forward card would be the best cash back card that is available based on my spending.

Also, I just spoke with US Bank on the phone and they told me that the $2000 dollar limit on quarterly spending for the 5% categories only applies to NEW cardholders, and that since I have had the card since 2012 that the spending limit wouldn't apply. Has anyone else heard this? Did they give me the wrong information?

My biggest gripe with the new changes to the Cash+ was the fact that they put a $2000 dollar QUARTERLY limit on bonus spending, which is extremely low in my opinion.

Thanks. Looking forward to hearing everyone's input.


FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Sun Jul 21, 2013 7:06 pm

The best cards for dining are, in no particular order:

Citi Forward
Cash +
Chase Sapphire Preferred


I think there is a Citi card that gives double points, but I need to research it again.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

Bksuper
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Location: California

Postby Bksuper » Sun Jul 21, 2013 7:15 pm

Citi Forward will give the 5 points to sit down restaurants, fast food, coffee shops, etc. You can get the same coverage on the Cash+ but you have to choose both restaurants and fast food to do so, leaving you no other 5% choices.
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012

cater
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Postby cater » Sun Jul 21, 2013 7:20 pm

I'm currently doing the Cash+ with restaurants/fast food - didn't realize that Coffee shops were included in that bucket. It's nice that you can have the 5% taken off of the bill as one of your options;

I'm hearing that Citi "Thank You" points aren't necessarily 5% cash back though, and without home loans/student debt you won't be getting 5% back on them, if you want cash its more in the 3-4% ball park. Is this the general consensus on this card? That will probably be a deal breaker, especially if my Cash+ card won't have the $2000 quarterly bonus limit.

takeshi
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Location: US

Postby takeshi » Sun Jul 21, 2013 8:38 pm

cater wrote:I'm curious what everyone thinks the best cashback card for spending money at restaurants/fast food/possibly bars would be?

Are you criteria for best only percentage and variety of places that qualify? While CSP is only 2x it's my current restaurant card since it includes coffee shops, fast food, etc with no limits.

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bisbicos
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Location: Newton, MA

Postby bisbicos » Sun Jul 21, 2013 9:14 pm

Citi forward is the best. 5x on all restaurants including fast food. Also almost all the bars I go to are listed as restaurants. And don't forget 5x pts on all amazon.com purchases
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

ivotedale
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Location: Mesa, AZ

Postby ivotedale » Sun Jul 21, 2013 9:42 pm

Such a shame the Forward card is only available to new applicants as the "student" version now! Was on the fence a few months back before it happened.

I'll go ahead and throw in the Chase Sapphire (Regular). No annual fee there!
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF

cater
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Postby cater » Mon Jul 22, 2013 12:58 am

Is the Citi Forward really 5% though? You get 5 "ThankYou" points, but I'm hearing that Thank You points are really hard to convert to straight cash (or money off of your bill) at that rate. It looks like it would only truly be 5% if you redeem for home mortgage, student loans, or air travel.

Is this misleading information?

DGenerateKane
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Location: Earth

Postby DGenerateKane » Mon Jul 22, 2013 7:07 pm

I've been hoping for a good card to appear for this category. I'm not a student so no Forward card, and I don't meet the minimum annual income requirement for the Cash+. So when my Discover and Chase Freedom cards don't have fast food and restaurants @5%, I use my Sony card for 3X points. Or just use my Fidelity AmEx.

FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Mon Jul 22, 2013 7:39 pm

cater wrote:Is the Citi Forward really 5% though? You get 5 "ThankYou" points, but I'm hearing that Thank You points are really hard to convert to straight cash (or money off of your bill) at that rate. It looks like it would only truly be 5% if you redeem for home mortgage, student loans, or air travel.

Is this misleading information?


I get 5% because I redeem for gift cards...and I have a Citi TYP card.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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