Best restaurant credit card for 2020 award seal

It can't be helped that food is a basic necessity for all of us.

Dining out is one way to satisfy this human need, while also participating in some much-needed social activity. I mean who doesn't love being waited on, enjoying great food, all while saving the mess you'd have to clean up at home?

Or maybe you prefer something as simple as grabbing a coffee at your favourite cafe, or even just indulging in some ice cream.

Whatever you do, get some great rewards for these purchases. Our listing here has the best credit cards that'll earn you the most rewards while eating out.

* Note: All rewards calculations are based strictly on a monthly restaurant spend of $500. You can fine-tune the calculations to your own budget on the Compare Cards page.

Best restaurant credit cards for 2020

For all your dining out, these are the best credit cards for maximum rewards:

CategoryCredit CardCurrent Welcome Bonus Offer
Best restaurant credit cardAmerican Express Cobalt™ CardUp to 30,000 points (terms)
Best restaurant credit card with no foreign transaction feesScotiabank Gold American Express®20,000 points (terms)
Best restaurant credit card with premium perksAmerican Express Platinum Card®60,000 points (terms)
Best AIR MILES credit card for restaurantsAmerican Express® AIR MILES®* Platinum Credit Card2,000 miles (terms)
Best no fee restaurant credit cardTangerine Money-Back MastercardNone
Compare the top 10 restaurant cards

Best restaurant credit card

For the most rewards you can earn at restaurants, look no further than the .

No other card comes close to the total earnings you can get with this card. You'll earn 5 points per $1 on all restaurant purchases, as well as groceries, up to a maximum of $30,000 in annual spend.

With an American Express Membership Rewards point worth up to 1.75 cents when redeemed for flights using the Fixed Points Travel Program, that's an astounding 8.75% return on not only your restaurant spend, but your groceries as well (that's why it also won best grocery card).

Or you can redeem your points for any travel booking from any provider, and get a straight point value of 1 cent each, giving you a still great return of 5% on your spending.

And you get great earn rates for other categories too:

  • 2 points per $1 on gas, transit, and travel purchases, and
  • 1 point per $1 on everything else.

Throw in a welcome bonus worth up to 30,000 points plus no income requirements, and it makes for a great card for all of your food related purchases – and the #1 card in Canada.

Best restaurant credit card with no foreign transaction fees

For great earnings on restaurant purchases, as well as savings on all purchases made in a foreign currency, the is a top-notch card.

Earn 5 points per $1 spent on restaurants, as well as groceries and entertainment purchases. With a Scotia Rewards point worth 1 cent per point when redeemed for travel, it's a great return of 5% on your food and entertainment purchases.

The great earn rates don't end there though:

  • 3 points per $1 on gas, transit, and select streaming services, and
  • 1 point per $1 on all other purchases.

To boot, it also charges no foreign currency transaction fees. Save yourself the usual 2.5% other credit cards charge on purchases made in foreign currency. Just note that all purchases made in foreign currencies only earn 1 point per $1, even if they fit in one of the above bonus categories.

Plenty of points on food AND savings on foreign currency purchases? Check and check.

Best restaurant credit card for premium perks

Want top rewards for your restaurant spending, as well as top-notch perks? Then take a look at the .

You'll earn 3 Membership Rewards points per $1 spent on restaurant purchases. When transferred to Aeroplan at a 1:1 ratio, that's a return of 7.5% considering an Aeroplan mile is worth 2.5 cents each.

On top of that, you'll earn 2 points per $1 on travel, and 1 point per $1 on all other purchases.

Beyond the rewards, you'll also get the best set of perks available on any credit card. These include:

  • $200 annual travel credit,
  • automatic advanced status in 4 hotel programs, including Marriott Bonvoy,
  • access to the International Airline Program, for discounts on premium economy and business class seats, and
  • unlimited airport lounge visits for the cardholder and a guest at Priority Pass and Amex Centurion lounges.

That's just a sampling of what it includes – and why it's also our top-rated perks credit card.

Best AIR MILES credit card for restaurants

For a credit card that rewards you with AIR MILES on your restaurant purchases, the can't be beat.

Why? It has the highest earn rate not only on restaurants, but of any AIR MILES card1 mile per $5 spent on restaurants, groceries, gas, and transit (up to $30,000 annually). Earn 1 mile per $10 on all other purchases.

There are also bonus Miles up for grabs when you go to redeem your miles for flights. On your first reward flight booking made every year, get a rebate of 25% of the miles you used back, up to a maximum of 750 Miles.

It's a great credit card for earning you miles on your dining out purchases.

Best no annual fee restaurant credit card

Though it's not in our table, the best no annual fee card for restaurant purchases is the .

The reason it's not listed is you get to choose restaurants as one of your bonus categories. And if you do, you'll earn 2% unlimited cash back on your restaurant purchases. You'll also be able to choose a second 2% bonus category and get a 3rd if you deposit your rewards into a free Tangerine Savings Account.

Should your spending patterns change, you can alter which categories you earn 2% cash back on once every 90 days.

For flexible cash back rewards that put you in control, this card can't be beat on restaurant earnings.

For a few more perks, the offers the same rewards and no annual fee. Just note the minimum income requirements are either $60,000 household or $100,000 household to qualify.

Compare Restaurant Credit Cards

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