The Growing Trend of Restaurants Charging Convenience Fees for Credit Card Payments

In an era marked by rising inflation, dining out has become a bit less appealing, and not just because of the cost of your favorite dishes. Many restaurants are now adding a new expense to your bill in the form of “convenience fees” for using your credit card. But, let’s be honest, these fees are anything but convenient for the average diner.

These processing fees can vary significantly, ranging from 1.5% to 3.5% for each transaction you make. The exact amount depends on factors like the credit card network used (Mastercard, Visa, etc.) or the type of transaction fee being charged.

What’s causing this sudden shift? It’s simple. Credit card companies impose fees on restaurants for processing your card payments, and now many of these establishments are transferring those costs directly to their customers. Some claim it’s a way to avoid raising menu prices, while others are more forthright, opting to slap you with outright surcharges.

So, what’s a diner to do to save a few bucks and avoid these additional fees, all while still enjoying meals at their favorite restaurants? Here are five practical tips:

1. Explore Before You Go

Before heading out for a meal, consider checking the restaurant’s website or giving them a quick call to inquire about any additional fees they might charge. This way, you can anticipate what you’re in for when the bill arrives. You could also choose more budget-friendly dining options or keep an eye out for special deals.

2. Take Advantage of Birthday Coupons

If your birthday is just around the corner, keep an eye out for establishments that offer birthday month rewards. This can be a delightful way to save a few dollars when celebrating your special day.

3. Use a Rewards Credit Card

While the additional fees tacked onto your bill can be frustrating, using a rewards credit card can offset some of these costs. Accumulating points or cashback rewards on your card can make dining out more financially appealing in the long run.

4. Set a Budget

Setting a budget for your dining experience might not be the most glamorous approach, but it can help keep your spending in check. Defining cost limits per dish can keep your dining experience more budget-friendly while ensuring you don’t overspend.

5. Choose Lighter Dining Options

Opt for water as your beverage (provided they don’t charge extra for it) or skip the main courses and suggest a shared meal with appetizers and sides. This approach allows everyone at the table to have fun mixing and matching, all while keeping the bill in check.

As the trend of convenience fees for credit card usage at restaurants continues to grow, it’s essential for diners to get creative and strategic to ensure that dining out remains an enjoyable and budget-friendly experience. So, next time you’re out to eat, keep these tips in mind to make your restaurant visits truly convenient for your wallet.