The cards in my wallet change every month because I try to maximize category spend or meet minimum spend for a new card. "What's in my wallet?" is a series that explains the logic behind the cards in my wallet each month. I carry a black Tumi wallet that's equipped with RFID protection.
For the month of June, my wallet had the Amex Delta Gold, U.S. Bank Altitude Reserve, and the Chase Freedom card. This month, I'm taking out the U.S. Bank Altitude Reserve card because I met the minimum spend requirement. The Chase Freedom is also being taken out of my wallet because Q3 started on July 1, so the 5x category changed to restaurants.
Discover It card
I have two Discover It cards, so I'm using the one that's still in the first year to qualify for Discover Cashback Match. This quarter, Discover and Chase Freedom are both offering 5% back on restaurants.
The Discover card is replacing the Chase Freedom because I earn 10% back with Cashback Match during my first year.
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The Delta Gold card is staying in my wallet because I'm still trying to hit the minimum spend. Learn more about the Delta Gold card by watching the video below:
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Chase Fairmont card
I signed up for the Chase Fairmont card in early 2017 when I heard it was going to be phased out. The Fairmont recently ended their contract with Chase, so Chase is transitioning everyone that has the Fairmont card to the Chase Sapphire Preferred.
The product change is happening on Aug 15, 2017, but one of the benefits is if you haven't had the card for at least one year, you can spend $6,000 to earn one free night certificate.
The Fairmont is one of the few cards that allow you to combine free upgrades with free reward certificates. Learn more about the Chase Fairmont card in the video below:
Hitting minimum spend
New cards always stay in my wallet until I finish hitting the minimum spend requirement. Rent in San Francisco is insanely expensive, so I can easily spend $2,000/month on rent. Some newer buildings allow tenants to pay with a credit card online for no additional fees.
If you can't pay rent with a credit card, try looking into Plastiq and RadPad. One caveat about Plastiq is they no longer accept Visa payments. For both companies, you can only pay rent to property management companies and not relatives.
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