The cards in my wallet rotate each month depending on if I’m optimizing a 5% category, adding a new credit card, or specific upcoming purchases. For August, I have a few trips and purchasing new electronics.
The Chase Freedom earns 5x points on purchases at gas stations and select streaming services for Q3 2019 (July-September). Earn 5x on up to $1,500 in combined category purchases each quarter you activate.
My plan is to stock up on Amazon and grocery store gift cards at my local 7 Eleven to get 5x points on purchases I would make anyway. A quick reminder that any valuables that you would like extended warranty or purchase protections on should NOT be purchased with a gift card.
To see if your local gas station or 7 Eleven codes as a gas station, use the Visa Supplier Locator website: https://www.visa.com/supplierlocator-app/app/#/home/supplier-locator
The Amex Gold Card is in my wallet for dining, as opposed to other 5% rotating category cards. I value Membership Rewards more than cash back since my primary goal is to redeem points for travel.
I typically try to get at least 2 cents per point on redemption.
Amex Gold: 4x MR * 2 cents per point = 8% return on spend
Other 5% category cards = 5% cash back
I have a few upcoming trips where the Gold Card will come in handy to earn 4x points on restaurants worldwide.
The Platinum card is in my wallet because it’s my go-to card for purchasing electronics.
Buying a new lens in on my list, so I want to have extended warranty protection and purchase protection if anything goes wrong.
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