Read the latest news about Dining Credit Card products in Singapore and the best money saving tips.
Why get a dining credit card?
A dining card gives additional rewards (i.e. cashback) when you make dining-related transactions. They include fast food restaurants, cafes, pubs and bars, caterers and takeaways.
What types of promotions do dining credit cards offer?
Credit cards have tie-ups with restaurants to offer exclusive deals. Some even have their own program of special gourmet privileges. You can enjoy perks on dining such as:
Who should get a dining credit card?
If you dine out frequently, consider having a go-to dining credit card in your wallet. But note that for food deliveries, not all dining credit cards recognise it as an eligible transaction. Instead, consider credit cards that give you additional rewards for online spend.
(Pro tip: Refer to this article for the latest food delivery promo codes)
What if I don’t spend that much on dining?
You can consider credit cards that give you rewards for multiple categories besides dining, such as transport, petrol and groceries. Examples of such credit cards include Citi Cash Back, OCBC 365 and UOB YOLO.
Dining credit cards in Singapore refer to credit cards that reward you for F&B related spending. This could be dining at a restaurant, fast food outlet, cafe or bars. If you eat out frequently and enjoy trying new places, choosing the right dining credit cards with a wide array of partner restaurants and privileges will help make dining out (or ordering in) more affordable and rewarding.
Using credit cards to pay for restaurant meals or bar drinks has its perks. You can get rewarded in the form of cashback, miles, points or discounts. Some restaurants offer a percentage discount on the bill when you use a specific bank’s credit card. Others may offer 1-for-1 dishes or a complimentary dessert.
There are also providers such as HSBC that offer 1-for-1 deals all year round with their free ENTERTAINER with HSBC access.
Finding the best dining credit card that’s right for your lifestyle comes down to understanding how each credit card works. Here are 3 common terms credit cards might have:
Dining credit cards usually offer cashback or reward points for your dining spend, in which you can redeem vouchers, air miles or cash rebates. These credit cards also offer exclusive dining deals with special restaurants and bars they partner with. You can check out the credit cards with the best dining perks here.
Most dining credit card rewards apply to online food delivery services, although this can vary from bank to bank. Do check the fine prints before you apply. For more discounts on your food delivery, bookmark this article: Food Delivery Promo Codes 2020 - GrabFood, Deliveroo, Foodpanda, WhyQ
Besides looking at the dining perks you can get with each bank’s credit card, you can also check out our list of dining promotions (updated monthly):
Just like other credit cards, the reward points or cashback that you earn from your dining credit card at restaurants will be automatically reflected in the credit cards’ rewards program or in your next credit card statement. Some special promotions and offers may require you to register with your credit card issuer first before you can redeem it.
Before using dining credit cards, you should check the bank's definition for eligible dining spend and its affiliated restaurants and bars. You could also rack up more reward points when you spend during public holidays and weekends.
However, do take note that some reward points have an expiry date or limit for redemption. You should also keep an eye out for the minimum monthly spend and cashback cap.
Consider features such as:
You can choose based on the features listed in the question above or based on your spending habits, which include:
Read this article on the best dining credit cards where we’ve done all that filtering for you.
This varies depending on the dining credit card you get. For example, the Citi Cash Back card gives you 8% cashback on dining at restaurants and cafes worldwide, while the HSBC Visa Platinum card gives you 5% cashback on all food and beverage outlets in Singapore.
If you plan to spend more on dining overseas, check on the eligible dining transactions in the terms and conditions before you apply.
Dining credit cards may charge annual fees and late payment fees. However, these fees are similar across all types of credit cards, rather than being a charge specific to dining credit cards.
This depends on the size of your dining expenditure, and your ability to pay your credit card bills on time. You can consider having multiple dining credit cards if you tend to spend more on dining and frequently hit the cashback cap of your dining card.
Ensure that you are not spending beyond your means just because you decided to take up an extra dining credit card.
Financial comparison sites like SingSaver help you with impartial comparisons between the different products, and highlight unique selling points of each of them. That way, it’s easier for you to decide which cards best suit your needs. We also tie up with banks to reward our users with exclusive promotions and bonus incentives upon the sign-up of a new credit card.
To compare the best dining credit cards, you can use a financial comparison site like SingSaver. Here, you can compare the different dining credit cards based on factors such as cashback, minimum annual income and even your preferred bank provider. Alternatively, you can read our blog to find our which is the best dining credit card based on your dining spend.
In a bid to go all digital, some banks offer instant / digital credit cards. This means that upon the bank’s approval, you will receive a digital card which you can use immediately. As these cards are digital, you no longer have to wait 1 to 2 weeks for the physical card to arrive in your mail to make a transaction.
When applying for such digital cards, follow the bank’s instructions on where you can find your digital card (with the credit card number) once it is approved.