Capital One Premier Dining Rewards Credit Card Application
Getting a credit card that provides great rewards for both groceries and dining at restaurants can be tough to find. The Capital One Premier Dining Rewards credit card application will get you top rewards for just that deal. Keep reading below to find out why this premier dining rewards card is one you should have in your wallet. This is really for anyone that has a large family or just likes to eat out allot. You can really add up some nice rewards for those specific category with this specific rewards card.
Below we break down all the nitty gritty details and discuss how you can apply for the credit card online.
What are my options in reward cards?
Generally speaking, there are two types of reward cards. Some offer a fixed reward amount on all purchases, regardless of type. The amount of this reward is often 1.5 percent. Others offer a lower reward amount for most things, but a higher reward amount for one or sometimes two specific categories, such as gasoline, groceries or dining.
Is there a card that offers higher rewards for both groceries and dining?
Good news, yes, there is. But, currently, there is only one card that offers this combination of rewards. The Capital One Premier Dining Rewards Credit Card was introduced in April 2017. It offers 1 percent cash back generally, 2 percent on purchases made at grocery stores and 3 percent on restaurant dining.
Can you tell me more about the Capital One Premier Dining Rewards Credit Card?
If you are a new customer, you can get $100 in cash back as a bonus if you spend $500 through the card within the first three months. Unlike many other cards, your rewards will not expire and there is no cap on them. Many cards limit your rewards to a certain spending level.
What are my options for redeeming my rewards?
You can get cash back, gift cards or use them to donate to a charity of your choice. You can redeem them either online for by phone, whichever you prefer. You can also set things up such that you automatically get your cash back when it a certain amount of money has accumulated.
But what about dining out overseas?
Happily, there are no foreign transaction fees on this card. Most credit cards charge a 3 percent foreign transaction fee when used for purchases outside of the U.S. This surcharge significantly reduces the benefit of using the card when traveling. You will not be dinged like this when using this card.
So, it’s actually a good travel card?
It’s actually an excellent travel card because it is also part of the World Elite Mastercard program. Some of the benefits include extended warranties on items purchased with the card, a 60 day price protection policy and travel protection. This last item will reimburse up to $1,500 for trips that are cancelled or cut short due to problems beyond your control, such as illness or accidental injury. Additionally, you can get travel upgrades, complimentary room upgrades, early check-in and other valuable benefits to make your travel more comfortable and more affordable.
What is the interest rate?
Depending upon your credit rating, the card charges 15.24 percent, 20.24 percent or 24.24 percent. Keep in mind that the rate is variable and will change when the Prime Rate is adjusted. (Those figures accurate as of May 2017.)
What is the annual fee for this card?
Unlike most reward cards, this reward card has no annual fee. This is excellent news because the annual fee typically charged by reward cards substantially reduces the value of the rewards. With this card, you don’t have to calculate how much you need to earn in rewards to justify paying the annual fee. The rewards are all gravy. You don’t need to first earn enough to cover the fee for it to make sense.
What is the grace period?
This card offers a generous 25 day grace period. This means if you pay your card in full during this time, you can avoid paying any interest. The law only requires cards to over a 21 day grace period.
What about introductory interest rates or for balance transfers?
At this point in time, this card does not offer any introductory interest rates. It also does not offer special interest rates for balance transfers.
Who should get this card?
People who spend at least $500 per month between restaurants and grocery stores will earn more cash back on this card than they would with a card offering 1.5 percent for all categories. It is also best if you have an excellent credit rating. That will qualify you for the lower interest rates. Ideally, you should be someone who pays your cards in full every month. If you carry a balance, the amount of interest will offset the value of the cash back rewards.
How can I get the most out of this card?
If you are fine with carrying two credit cards, you could increase your cash back rewards by using this card exclusively for dining out and grocery store purchases and another card for other purchases. A card with 1.5 percent cash back for all purchases would be a good choice for your second card. You could even combine these two with a third card that offers higher rewards for gasoline purchases or some other category that matters to you. If you are comfortable with keeping track of which card should be used at different establishments, this can help put more money in your pocket.
If you are someone who likes to eat – and who doesn’t? – the Capital One Premier Dining Rewards Credit Card is a great card to have. Whether you have a hungry family to feed or just like fine dining, if you spend at least $500 per month on these categories, this is a card you should definitely look into. Given the lack of an annual fee, there is no reason to wait. If your credit is on solid ground, go ahead and apply today so you can start earning more rewards as soon as possible.
How Do I Apply For This Credit Card Online?
You will need to visit their site to securely apply online with the Capital One Premier Dining Rewards credit card application. Once you get to the page you will just go to the apply now button. This will take you to the secure online credit card application. Fill out the information on the application form and submit. You can get an approval response usually within a couple minutes of applying.
To get started just visit www.capitalone.com/credit-cards/premier-dining-rewards/
Once approved you can start enjoying all the perks and benefits that come along with this credit card.