What's in My Wallet? August 2019 Edition

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.

Chase Freedom

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.

Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities. 

UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.