The cards in my wallet rotate based on 5x categories and if I need to hit minimum spend on a new credit card.
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Chase Sapphire Reserve
The Chase Sapphire Reserve is my default card when it comes to dining expenses because it earns 3x points.
Ultimate Rewards points value:
- Cash (1 CPP) = 3% Return on spend (ROS)
- Travel portal (1.5 CPP) = 4.5%
- Transfer partners (2+ CPP) = 6%
For Q2 2018, the Discover It card earns 5% cash back on grocery stores on up to $1,500 in purchases. Be sure to login to your Discover card account and activate the bonus.
Amex Hilton Ascend
A new addition to my wallet is the Amex Hilton Ascend card. My plan is to meet the additional $15,000 in spend to earn a free weekend night.
Since rent is high in San Francisco, I plan on using Plastiq to pay my landlord.
If you're interested in using Plastiq, they're currently running a 2% fee promotion for AskSebby subscribers when they make a rent or mortgage payment using the following link (new accounts only): http://bit.ly/plastiqpromo. Learn more about the promotion in this post.
- Spend for free night = $15,000
- Spend I was already going to do = $3,000
- Additional spend for free night = $12,000
Cost of Spend
Assuming it was spend I would have otherwise done anyways:
- $12,000 * 2% in fees = $240 in fees
Apple and Goldman Sachs will partner to create a new iPhone-connected credit card set to launch later this year. According to the WSJ, the card will integrate with the iPhone to track spending, points, and help with budget management.
American Airlines recently updated the merchant coding on their end to reflect gift card purchases; these purchases no longer generate the airline incidental fee credit.
“What’s In My Wallet?” is a monthly series on the cards I have in my card rotation for the month. The cards vary depending on if I open a new card or if I’m trying to optimize for 5x categories.
The new dynamic pricing for the Marriott Bonvoy program takes effect on March 5, 2019. If you have the points, I strongly recommend booking your stays now before the changes take place.
How to maximize the Amex Platinum benefits: Uber credits, Saks credits, airline fees, airport lounge access, Amex Platinum Concierge, return protection, extended warranty, and purchase protection.
Booking a flight with the right credit card can make or break a trip, especially if unexpected delays happen. Missed connections or canceled flights can leave a hole in your wallet, and some airlines will only provide food vouchers and overnight accommodations if the delay with within their control.
There’s a misconception going around that the Amex Platinum card earns 5x on ALL hotel stays. To clarify, the Amex Platinum only earns 5x points when you book hotel nights through amextravel.com or the Fine Hotels and Resorts Collection (FHR).
Roundup of deals: Chase Pay offers, Bank of America Free Museum Weekend, and more.
American Express recently sent out Form 1099-MISC to cardmembers who had referrals in 2018. In the past, cardholders did not receive forms for referrals, so this might come as an unfortunate surprise.
Marriott recently announced the upcoming changes to their loyalty program, Bonvoy. There’s a lot of information to digest like rebranding cards, new cards, status, and key dates.