What's In My Wallet? May 2018 Edition

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%

Discover It

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/plastiqpromoLearn 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