What are the best cash back credit cards for restaurants?

Chase Sapphire Preferred dining purchases earn 2 points per $1 spent. There’s no limit to the number of points you can earn. Eligible purchases include either sit-down or eat-in fast food and fine dining restaurants. Bakeries, caterers and food delivery services are not eligible unless the merchant’s category code for the transaction is classified as “restaurant.” This also applies to merchants that sell food and drinks located inside venues such as sports stadiums, hotels and casinos, theme parks and grocery or department stores. Chase does not determine merchant category codes nor are they responsible for which codes merchants use.... read full answer

Yes, 7 credit cards might be too many for most people, given that the average American has a total of five credit cards. The exact number of cards you should have, though, differs by person. It really depends on your credit standing and organizational skills.

If you’re not sure whether 7 credit cards are too many for you, there are a number of factors you can think about when making your decision. Most importantly, consider your recent spending and payment history. If you are not responsible with the credit cards, it can lead to overspending, missed payments, and ... read full answerdamage to your credit.

If you need an ideal way to manage this many cards, try WalletHub’s Island Approach, where you use different credit cards to meet each one of your specific financial needs.

Chase Sapphire Preferred is worth its $95 annual fee for people with good credit who like to travel and typically spend at least $1,334 per month. Spending enough to qualify for the card’s initial rewards bonus will make the Sapphire Preferred Card worth owning for years.

You get 60,000 points when you spend $4,000 during the first 3 months after you open your account. That’s a value of $750 when you redeem for travel through Chase Ultimate Rewards. (Points are worth 1 cent each, plus Chase Ultimate Rewards gives you an extra 25% redemption value.) The bonus alone will pay for 7+ years’ of membership dues.... read full answer

The third type of bonus you can get is from referrals. You earn 15,000 points for every person who signs up for Chase Sapphire Preferred using your referral link, with a limit of 75,000 points per year. That means you can earn an extra $188-$938 in travel every year, more than enough to offset the annual fee. You can’t forget about the everyday rewards you’ll earn on purchases, either.

Plus, Chase Sapphire Preferred has more benefits than just reward points. There are no blackout dates or other travel restrictions. And you’ll get a number of other free perks like travel insurance, roadside assistance, and purchase protection. All of these things enhance the value of this card even more.

Therefore, while Chase Sapphire Preferred’s annual fee certainly is above average, the rest of the offer is, too. So as long as you have excellent credit and spend enough to qualify for the initial bonus, Chase Sapphire Preferred is well worth the price.