Capital One has launched a new credit card called “Premier Dining Rewards“. Let’s take a quick look at the cards benefits and features:
- Sign up bonus of $100 after $500 in spend within the first three months
- No annual fee
- Card earns at the following rates:
- 3% cash back on dining
- 2% cash back on groceries
- 1% cash back on all other purchases
Card really isn’t that interesting as plenty of cards have higher cash sign up bonuses and some cards earn 2% cash back (or more) on all purchases. 3% on dining is really the only thing of interest as 3% cash back is equal best (aside from points) across all cards (read: best credit cards for restaurant purchases). I don’t think the card is worth applying for just because of that benefit, especially when you remember that Capital One pulls all three credit bureaus.
If you’re an existing Capital One cardholder you can’t currently product change to this card either. Once it is available to product change to it might make sense for some people to do so as it has no annual fee and that 3% earn rate. As always make sure you read through these things everybody should know about Capital One credit cards.
What are your thoughts on this card? Let me know in the comments below.
Hat tip to reader Mark
