Capital One’s New Dining Credit Card: Should You Apply?

Here's a solid rewards card made for people who love food.

Capital One just launched a brand new cash-back credit card with a big focus on food. The Premier Dining Rewards From Capital One card offers cash back rewards for all transactions, with extra incentives for dining and grocery purchases. If you’re frequently spending at restaurants, bars and grocery stores to get your grub on, this card might be right for you.

What Perks Does the New Capital One Card Provide?

The new Premier Dining card is a cash back card with competitive rewards rates. Cardholders earn 3% cash back on all dining purchases, 2% cash back on groceries and 1% cash back on all other purchases. Cash back rewards are unlimited and have no expiration date, and they’re redeemed in the form of statement credits or checks.

Right now, Capital One is offering a $100 cash-back bonus when you spend $500 in the first three months of becoming a cardmember, which should be pretty easy to do if you’re frequently dining out.

The card comes with a number of other benefits. There are 24/7 concierge services to assist with travel bookings, reservations and shopping. Capital One even provides travel perks that can include free room upgrades and early check-in or late check-out times at eligible hotels.

Plus, they cover up to $1,500 in travel reimbursements if your trip is cancelled or cut short, and they provide price protection for eligible items if you find a lower price within 60 days of the date of purchase.

What Will the Card Cost Me?

The Premier Dining card has no annual fee. The annual percentage rate (APR) on purchases and balance transfers is a variable 15.24%, 20.24% or 24.24% based on creditworthiness. There’s also no balance transfer fee or foreign transaction fee.

It should be noted that this card is intended for people with excellent credit, so if you don’t know where your credit stands, you’ll want to check before applying. You can get your two free credit scores, updated every 14 days, here on Credit.com.

Consumers who can qualify for the lowest available APR will be getting a decent interest rate.

Why Should You Apply for This Card?

If the majority of your credit card spending occurs at bars, restaurants and grocery stores, this card is a great option. While we’ve seen higher cash back rates on dining, they often apply to rotating spending categories that don’t last forever. The 3% cash back is a great permanent cash back rate for dining, and the 2% cash back for groceries is a decent supplement.

If you pay your balance off in full each month, this card will deliver its best value. There’s no annual fee, so if you can successfully avoid interest charges, you’re essentially earning money back on your purchases.

It’s also a good card for balance transfers and foreign transactions, as both will incur no additional fees.

Why Shouldn’t You Apply for This Card?

If you spend more on other purchase types than you do on dining and groceries, you may be leaving cash on the table by choosing this card. Many other cash-back rewards cards offer greater rewards for all purchases, and if your spending is more diverse, you’ll likely earn more by choosing a card with a better overall rewards rate.

You’ll also want to avoid this card if you’re looking for a great signup bonus. The $100 cash back bonus isn’t very exciting, and a consumer with excellent credit should be able to qualify for cards with far better signup offers.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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4 Credit Cards That Will Make You Feel Like a Millionaire

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When most people think about how the rich and famous travel, they probably picture first-class flights and penthouse suites. While this is usually true, that lifestyle doesn’t have to be strictly reserved for the one-percenters. By having the right piece of plastic in your wallet, you, too, could feel like a millionaire on your next vacation.

Keep in mind, a lot of these premium credit cards do come with a price — in the form of a high annual fee. That fee could be recouped via rewards and other benefits, depending on how you spend, but it’s important to do a cost-benefit analysis to determine if a particular credit card is right for you. It’s also important to note that rewards credit cards are best-served to those who don’t carry a balance, since your points can easily be lost to interest. Finally, anyone considering a new credit card should probably check their credit before applying since your credit scores will determine what kind of offers you will qualify for. (You can view two of your credit scores, updated every 14 days, for free on Credit.com.)

Here are four different cards for you to consider that could leave you feeling like a millionaire.

1. Chase Sapphire Reserve

Released earlier this year, the Chase Sapphire Reserve card has quickly become the “cool” credit card to have in your wallet. The card offers a signup bonus of 100,000 Ultimate Reward points (the equivalent of $1,500 when you redeem them through the bank’s travel portal) once you spend $4,000 in the first three months. That’s enough points to put you near the front of the plane on many different airlines.

In addition to a mega-signup bonus, the Chase Sapphire Reserve card has a very generous reward program. You’ll earn 3x the Chase Ultimate Reward points on restaurant and travel purchases and 1x on all other purchases.

If you want to really feel like a millionaire when you are traveling, then you will love that this card will also give you access to over 900 different airport lounges with a complimentary Priority Pass membership. Forgot about spending your layover sitting in cramped airport seats, now you can drink a cocktail while relaxing in a comfortable seating.

This card does come with $450 annual fee, but you will receive a $300 annual travel credit. Unlike some elite credit cards, this benefit can be used with more than just airlines. It can also be used on any purchases that Chase codes as a travel expense. The card carries an annual percentage rate (APR) between 16.24% and 23.24%, depending on your creditworthiness.

2. Platinum Card From American Express

Earning a lot of credit card points is nice, but what really makes someone feel exclusive, are the luxury benefits that come with the card. The Platinum card from American Express (see full review here) offers a concierge service, which will serve as your very own personal assistant. Looking to grab a reservation at a highly sought after restaurant? Want to experience private, invitation-only events, like the Kentucky Derby or a movie premier in an exotic location? You can do that as a Platinum cardholder.

In addition to these elite perks, you will be able to earn 40,000 American Express Membership Rewards points once you sign up and spend $3,000 within the first three months. When you use your card for travel purchases, you will earn 5x the Membership Rewards points. For all other purchases, you will earn 1x the points. Cardholders will receive a complimentary upgrade to Starwood Preferred Guest Gold status, as well as Hilton HHonors Gold. You will also have access to the American Express Fine Hotels and Resorts. When you book your hotel through this program, you can receive some great perks, including room upgrades, late checkout, daily breakfast for two, and a unique gift at each property that could be a $100 dining credit or a complimentary massage for two.

The annual fee is $450, but you will receive a $100 credit for either Global Entry or TSA Pre-Check and each calendar year you will receive a $200 airline credit. As a charge card, you’re expected to pay your balance off in full each month, so there’s no purchase APR.

3. American Express Delta Reserve Credit Card

If you travel frequently and want to improve your chances at being an airline elite, then the Delta Reserve Credit Card from American Express will give you a leg up. After you make your first purchase with the card, you will receive 10,000 Delta SkyMiles and 10,000 Medallion Qualifying Miles (MQM). Then each calendar year you will receive an additional 15,000 Delta SkyMiles and 15,000 MQM for each $30,000 you spend on your card.

When you become a Delta Medallion member, you will receive some great benefits, like complimentary upgrades to first class and upgrades for your travel companions when they are flying on a revenue ticket. In addition to Medallion benefits, the card will also provide you with priority boarding, your first checked bag free, Delta Sky Club access, and no foreign transaction fees. There is a $450 annual fee. The card carries a variable APR between 15.99% to 24.99%.

4. Ritz-Carlton Rewards Credit Card

For a long time, Ritz-Carlton hotels have been known to be some of the more elegant places to stay around the world. When you sign up for the Ritz-Carlton Rewards credit card, you will have the opportunity to experience that elegance first-hand. You will receive three complimentary nights at any category 1-4 Ritz-Carlton after spending $5,000 in the first three months of being a cardholder. In addition, you will receive 10,000 bonus points when you add an authorized user and they make a purchase in the same three-month period.

As a cardholder, you will be able to upgrade to Club level three times per year when you are staying for seven or more nights. Anytime you stay for two or more nights, you will receive a $100 hotel credit. This can be used on dining, spa treatments, or any activity through the hotel. Cardholders will receive Ritz-Carlton Gold Elite status and if you spend $75,000 or more per year, you will be upgraded to Platinum Elite status. The card carries a variable APR between 16.24% and 23.24%.

There is a $450 annual fee, but you will receive a $300 annual travel credit, $100 credit towards Global Entry or TSA Pre-Check, and because this is a Visa Infinite card, you will also receive a $100 airfare discount when you purchase two or more airline tickets.

At publishing time, the Platinum Card from American Express is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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Ever Dreamed of Flying Private? This Credit Card Can Get You There

Racking up frequent flier miles and rewards points to fly first-class is so yesterday. Your travel credit card may now be able to make it just little bit easier to score a ride on a private jet.

American Express announced recently that it’s partnering with Delta Private Jets to provide Platinum credit cardholders who purchase a Delta Private Jets Card Membership with reduced rates and exclusive travel benefits.

Delta Private Jets is a private aircraft service aimed at business travelers. Its card offers members the ability to lock-in hourly rates on charters and flights and avoid paying fuel surcharges and interchange fees, among other perks (more on those in a minute).

Of course, living the high life won’t exactly come easy.

For starters, American Express’ Platinum Card (see full review here) touts a $450 annual fee in exchange for all its perks and benefits. And that fee is really chump change when you compare it to the cost of a Delta Private Jets Card Membership, which requires frequent private fliers to pre-fund their plastic with $100,000, $250,000 or $500,000.

Hourly rates on the jets vary depending on membership tier or type, a spokesperson for Delta Private Jets said, while price points and rate reductions resulting from its Premium Private Jet Program with American Express will also be specific to each cardholder. (American Express did not immediately respond to Credit.com’s request for comment.)

The benefits will also vary by membership and individual, the spokesperson said, but to give you an idea of what type of services you can expect when you utilize a private jet service, they can include on-board catering, transportation to and from your flight, access to super-sized aircraft or same-day charters, help with making all your hotel accommodations and more.

Traveling in Style

Securing a private jet membership may be a ways off for most folks, but that doesn’t mean you can’t ever travel in style. Various travel rewards credit cards offer their cardholders lucrative travel perks, like complimentary upgrades, lounge access, concierge services or, at the very least, a free checked bag. (You can check out our roundup of some of the best travel credit cards in America here.)

Of course, you generally need good credit to qualify, so you should go ahead and check your standing before applying for any premium plastic. (You can view two of your credit scores for free each month on Credit.com.) Remember, too, these cards are really best-suited to people who don’t carry a balance. Otherwise, all those perks will just be lost to interest. And be sure to read the fine print of any credit card you’re considering carefully so you’re sure that it — and any high annual fee it may carry — is the right fit for you.

At publishing time, the American Express Platinum credit card is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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4 Airline Credit Cards With Big Sign-Up Bonuses Right Now

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Would you like a bunch of frequent flyer miles to book an award ticket? If you are into earning frequent flyer miles, then you can get a head start on your next big award trip by signing up for the right credit card and earning a sign-up bonus.

How Sign-Up Bonuses Work

The credit card industry is intensely competitive, and credit card issuers are willing to go to great lengths to attract new customers. What banks have learned over the years is that there are few incentives that are as attractive as large sums of frequent flyer miles that can be redeemed for award travel.

To receive one of these large sign-up bonuses, you have to apply for a new credit card and be approved. Then, most credit cards require you to complete a minimum spending requirement within a specified period of time, often three months. In most cases, once you’ve completed the minimum spending requirements, and your next statement is generated, then you should receive your sign-up bonus within a day or two.

Many people worry that applying for a new credit card and receiving a sign-up bonus will hurt their credit score. Although there are many factors that make up your credit score, including new applications, applying for a single credit card should have a negligible effect on your credit score and it may even improve it slightly as your credit history is extended.

Here are four airline credit cards that are currently offering big sign-up bonuses. 

1. American Airlines AAdvantage Executive World Elite MasterCard from Citi

This card is currently offering 50,000 bonus miles after new applicants make $5,000 in purchases within three months of account opening, which is enough for two round-trip domestic award tickets in economy class, or a single first class ticket. (Full Disclosure: Citibank as well as Chase and American Express advertise on Credit.com, but that results in no preferential editorial treatment.) Other benefits include membership in the American Airlines Admiral’s Club airport lounge program for yourself and all authorized cardholders. You also receive priority service at check-in, airport screening and boarding. In addition, you receive your first bag checked free and a $100 statement credit towards the Global Entry application fee. There is a $450 annual fee for this card, and no foreign transaction fees.

2. British Airways Visa Signature Card from Chase

This card is offering new applicants 50,000 bonus miles after spending $2,000 on purchases within three months of account opening, plus an additional 25,000 miles after spending a total of $15,000 within a calendar year. Other benefits include 3x miles for British Airways purchases, and one mile per dollar spent elsewhere. Finally, those who spend $30,000 in a calendar year can earn a Travel Together Ticket good for a companion ticket on a British Airways award flight, although you do have to pay any tax, fees and carrier charges imposed by British Airways. There is a $95 annual fee for this card, and no foreign transaction fees.

3. United MileagePlus Explorer Card from Chase

This card is offering new applicants 30,000 bonus miles after spending just $1,000 within three months of account opening. In addition, you can also receive an additional 5,000 bonus miles after you add an authorized user who makes a purchase within three months of account opening. Finally, you can earn 10,000 bonus miles every calendar year you spend at least $25,000 in net purchases on your card. Other benefits include a free checked bag for yourself and a companion when you purchase tickets on United using this card. There is a $95 annual fee for this card that’s waived the first year, and no foreign transaction fees.

4. The Gold Delta SkyMiles Card from American Express

This card (you can see a full review here) is offering new applicants a $50 statement credit after their first purchase and 30,000 bonus miles after making $1,000 in purchases within three months of account opening. Other benefits include priority boarding, a 20% discount on in-flight purchases, and a free checked bag for up to four people traveling on the same reservation. There is a $95 annual fee for this card that’s waived the first year, and no foreign transaction fees.

All of these cards require applicants to have excellent credit. If you’re not sure of your credit standing, you may want to check your credit before you apply. You can view two of your scores for free, updated each month, on Credit.com.

If your credit standing doesn’t yet meet the card issuer’s requirements, there are steps you can take to improve your credit score, and apply once you do.

At publishing time, the United MileagePlus Explorer Card from ChaseAAdvantage Executive World Elite MasterCard from Citi, and the Gold Delta SkyMiles Card from American Express are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

More on Credit Cards:

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AmEx Just Boosted the Sign-Up Bonus for Its Major Hotel Credit Card

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Late last year, we rated the Starwood Preferred Guest credit card from American Express as the credit card with the best hotel rewards program, and AmEx just changed one of the perks to make it an even more attractive product.

New cardholders who apply before March 30 will get 35,000 bonus Starpoints if they charge $3,000 within the first three months of opening the card — that’s 10,000 Starpoints more than the typical sign-up bonus.

Those extra points could score you a couple free nights at a hotel. Cardholders can redeem Starpoints for award nights starting at 3,000 points a night at more than 1,200 hotels in more than 100 countries. Starwood properties include hotel chains Sheraton, Westin, W Hotels, Four Points and others.

Beyond the supercharged sign-up bonus — which, again, is temporary — the card offers a variety of perks for frequent travelers, which you can read about in the review. Keep in mind this card has a $95 annual fee, though it’s waived for the first year.

To get this and most rewards credit cards, applicants generally need to have a good or great credit score, though there are other things that go into a credit card application. The good news is the average credit score in the U.S. was up three points last year, from 666 in 2014 to 669 in 2015, according to Experian’s annual State of Credit report. That’s on the VantageScore 3.0 scale (300 to 850), and the majority of consumers with credit scores have good (661 to 780) or great credit (781 to 850). According to Experian’s 2015 data, 36% of people with VantageScores have good credit, and 22% fall into that great credit category.

Before applying for a credit card, you should know where you stand to make sure you don’t apply for cards you’re unlikely to qualify for. To see where you stand, you can get two free credit scores every month on Credit.com, including the VantageScore 3.0.

At publishing time, the Starwood Preferred Guest credit card is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

More on Credit Cards:

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4 Ways Your Credit Card Can Save You Money on Valentine’s Day

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Love doesn’t always come cheap. According to the National Retail Federation, Americans plan to spend an average of $146.84 on flowers, jewelry, candy, apparel and more for Valentine’s Day this year.

Fortunately, you and your loved one can potentially drive down costs by celebrating before or after February 14, researching affordable gifts or simply staying at home this year. You may also be able to save (or at least recoup a dollar or two) by using your credit card.

Of course, a credit card will only really save you money if you pay your purchases off in full at the end of the month. Otherwise, you risk losing any rewards to interest. One way to ensure your balance doesn’t do too much damage to your bank account or your credit score is to pay off your credit card each day or each week from a linked checking account. (You can see how your current credit card balances may be affecting your credit scores by viewing your free credit report summary, updated each month, on Credit.com.)

With that in mind, here’s how to leverage the credit cards in your wallet this Valentine’s Day.

1. Rack Up Rewards

Some credit cards let you earn extra rewards (think two-to-three points per dollar back) on your restaurant purchases, so if you’ve got one of those in your wallet, you might want to use it to pay for dinner. And, if you and your sweetie are taking a mini-vacation for Valentine’s Day weekend, you may be able to similarly reap the benefits of a good travel rewards card. (You can find a round up of the best travel credit cards in America here.)

2. Say It With Partners

Credit card issuers often partner with merchants to offer deals to their cardholders. These offers are often seasonal, so around this time of year, you may be able to get a discount and/or earn extra rewards on flowers, chocolates, gift baskets or, even, jewelry in your issuer’s online shopping mall/website. You may also want to keep an eye on your issuer’s social media accounts for special restaurant, travel or entertainment promotions. These offers could make concert tickets or seats at your favorite chef’s table more affordable.

3. Pay With Points

If you’ve been racking up points steadily all year round, you can consider tapping your reserves to pay for presents. You can often redeem points directly for a statement credit, though there may be other redemption options that are bit more valuable. For instance …

4. Get a Gift Card Deal

Many issuers let you earn extra dollars back if you redeem your rewards for a gift card. For instance, you may be able to get a $50 gift card to your sweetheart’s favorite retailer for only $40 worth of points.

You can look for holiday deals on your issuer’s rewards website or even call to inquire about what offers may be at your disposal. Just be sure to read the terms and conditions associated with any deal you’re considering; you’ll want to be aware of any caveats or redemption restrictions that may make the offer less sweet.

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