Previously, I mentioned that I liked to open up new credit cards as a hobby to travel the world for free. As a matter of fact, I’ve opened more than 20 credit cards within the past few years, which is an insane amount. You might be thinking, “how the heck do you carry all those cards”!?
Well, the reality of the fact is that I don’t carry all 20+ on me at any time. At most, I only carry 5 cards at a time and maybe an extra 6th if I had a card I needed to perform manufactured spending on.
With that, let’s dive into my wallet and see what cards I have swimming around!
My ROCO Minimalist Aluminum Slim Wallet
First of all, I’d like to mention what wallet I currently use. I glossed over it a bit in my March 2017 Net Worth Post, where I mentioned I purchased a new slim card wallet and I’d like to go over it a bit more in this post.
However, on the off occasion that I do need to carry cash, I can easily strap it to the wallet and just go on my way.
An interesting feature the wallet has is the RFID blocking feature. I think is works because it’s been blocking my office entry card, so I would have to take it out of the wallet before being able to unlock the office door with my entry card.
Chase Freedom Unlimited
The first card in my wallet is my everyday card, the Chase Freedom Unlimited.
To put it simply, the Chase Freedom Unlimited offers me an unlimited 1.5% cashback on every purchase. It’s a very basic entry card and I would recommend it to everyone who wants to start building their credit. There’s no annual fee needed and there is a 0% introductory APR for the first 15 months, but you should be paying off your credit card balances every month.
Additionally, their current sign-up offer is a $150 cashback bonus after spending a total of $500 in your first three months after account opening.
The second card I have is the Chase Freedom.
Unlike the Chase Freedom Unlimited, the Chase Freedom has an unlimited 1% cashback on every purchase. However, the differentiator between the two cards are that the Chase Freedom has 5% rotating categories, which change every season.
For 2017, you would get 5% cashback categories are:
- Jan – Mar: Gas Stations
- Apr – Jun: Grocery Stores
- Jul – Sep: Summer Fun
- Oct – Dec: Holiday Purchases
The only downside to the cashback categories are that only the first $1,500 of purchases for the quarter qualify for the 5% cashback, the rest would only have 1% cashback. So when and if I exceed the $1,500 in purchases for the 5% cashback, I would switch to the Chase Freedom Unlimited for the 1.5% in cashback.
Just like the Chase Freedom Unlimited, there is no annual fee and there is a 0% introductory APR for the first 15 months.
The Chase Freedom’s current sign-up offer is the same as the Chase Freedom Unlimited’s. If you spend $500 in your first three months after account opening, you would receive a $150 cashback bonus to your account.
Chase Sapphire Reserved
The third card I have is the Chase Sapphire Reserved.
This card is the ultimate card and helps make the cashback earned from the Chase Freedom and Chase Freedom Unlimited worth it. The reason is because for every single point earned from purchases, it would now be worth 1.5 cents and can be used towards travel!
The $150 you earned from the Chase Freedom or Chase Freedom Unlimited would suddenly become $225 in value!
Another great perk of this card is that you can transfer the points to any of their airline or hotel partners, so you can easily redeem plane tickets or hotel stays for little to no money! If you don’t want to transfer the points, you could also use Chase’s Ultimate Rewards Travel Portal and spend it there instead.
With the Chase Sapphire Reserved, you would also get a Priority Pass Card, which can bring you and family members into over 900+ airport lounges worldwide! This means you wouldn’t have to stay in the waiting area and instead enjoy a beverage and some light snacks before your next flight!
Wait, I’m not done yet! There’s a whole ton more perks that the Chase Sapphire Reserved offers like no foreign transaction fees, special car rental privileges, $100 credit towards a TSA Pre-Check or Global Entry application, and a $300 travel credit for travel purchases!
The only downside that I see is that the card has an annual fee of $450, which is very steep compared to the Chase Freedom and the Chase Freedom Unlimited.
However, even with the annual fee, I think it’s worth it as the $300 travel credit would reduce the annual fee to an effective $150. The transfer of points to airline and hotel partner and the 1.5 cents per point valuation is also a huge plus, which would negate the $150 “annual fee” (after the $300 travel reduction).
The Chase Sapphire Reserved also offers 3x points on dining and travel worldwide, which is equivalent to 3% cashback. So when there is no 5% rotating category on dining or travel for the Chase Freedom, I would use the Chase Sapphire Reserved.
With that, the current sign-up bonus for the Chase Sapphire Reserved is 50,000 bonus points ($625 value! It actually used to be 100,000 bonus points, which is $1250 in value!) after you spend $4,000 on purchases in the first three months after account opening.
If you’re interested in the Chase Sapphire Reserved, you can sign up for the card through Chase’s website.
American Express Starwood Preferred Guest Business
The fourth card in my wallet is the American Express Starwood Preferred Guest Business Card.
I don’t actually use this card quite as much as I do with the Chase cards, but this is the main card I manufacture spend on when I don’t have a card that I need to meet the minimum spend with.
The reason I manufacture spend with the American Express Starwood Preferred Guest (SPG) Business card is because SPG points are very hard to obtain and their point values are worth quite a lot. The last time I checked, one single SPG point is equivalent to 2.7 cents!
Since I travel a lot for work, an added benefit I get from this card is access to the Sheraton Lounge whenever I stay at a Starwood Preferred Guest Hotel. This benefit is only given to American Express Starwood Preferred Guest Business Cardholders and not to the American Express Starwood Preferred Personal Cardholders.
In terms of point earnings, you can up to 5 points for every dollar eligible at participating Starwood Hotels, you will gain an additional 2 or 3 points if you are an SPG Member. You can also earn 2 points for every dollar at participating Marriott Rewards Hotels. Finally, you would 1 point for all other eligible purchases.
The American Express Starwood Preferred Guest Business card has a $0 introductory annual fee for the first year, and then a $95 annual fee for each and every year going forward. So if you don’t like the card after the first year, you can go ahead and cancel.
With that, the current sign-up bonus for the American Express Starwood Preferred Guest Business Card is 25,000 points ($675 in value when rated at 2.7 cents per point) after you make $5,000 in purchases within the first 3 months.
Diners Club Corporate Card
Finally, the last card in my wallet is my Diners Club Corporate Card.
Unfortunately, I didn’t sign up for this card and it was instead assigned to me by my company.
I don’t really use this card for any points generation and instead it’s what I use for my company expenses.
The Diners Club Corporate Card does have a points program, which you enter by paying a $75 fee.
The bad part about the points program is that Diners Club points aren’t worth that much. But to maximize my value, I usually transfer the points I made over to the SPG program.
The only good benefit of having this card is that it can get me into several airport lounges that the Priority Pass can’t.
Other than that, I probably wouldn’t have or use this card unless it is specifically for company purchases.
What Credit Cards Do You Keep In Your Wallet?
With that, those are the five cards that I keep in my wallet.
What do you guys keep in your wallet and why? Let me know by commenting down below.
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