What’s in Greg’s wallet? [2022 Edition]

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Yesterday, Nick revealed the cards in his wallet.  Now it’s my turn.  Just like Nick, Amex had almost completely taken over my wallet in the past year thanks to promotions offering bonus points first at grocery stores and gas stations, then at small businesses and restaurants, and then an extra 4 points per dollar for all spend.  And, like Nick, I’m nearing the end of all of those bonus opportunities and so it’s almost time to return my wallet to something approaching normal…

a wallet with credit cards and money
The image above shows my wallet as described in February 2020 before a slew of temporary pandemic-inspired bonuses changed things around. Clockwise from top-left (and how I used each card): Citi Premier (3X gas), Bank of America Premium Rewards (2.62% everywhere), $20 bill, blood donor card, AAA card, Chase Private Client debit card (no FX fees + ATM charges rebated), Michigan driver’s license, Frequent Miler business card, Citi Prestige (5X dining), Amex Gold Card which used to be a Premier Rewards card but Amex still hasn’t sent an updated card (4X US grocery)

Please note that what follows are not recommendations for what you should do.  Everyone’s circumstances differ.  What’s best for me likely is not best for you.  Further, I’m not arguing that what I have is necessarily best for me either (although I think it’s pretty good).  It’s just a list of cards that I happen to have open at the moment of writing and which have made it into my day to day wallet.

Wyndham Rewards Earner Business Card for Gas

Card Name w Details & Review (no offer)
FM Mini Review: Excellent earning rate at gas stations and Wyndham hotels. Diamond status plus 15K annual bonus makes this card a keeper.

$95 Annual Fee
Earning rate: 8X Wyndham & gas ✦ 5X marketing, advertising, and utilities (telecommunications, cable, satellite, electric, gas, heating oil and water) ✦ 1X everywhere else
Base: 1X (0.88%)
Gas: 8X (7.04%)
Phone: 5X (4.4%)
Biz: 5X (4.4%)
Brand: 8X (7.04%)
Other: 5X (4.4%)
Card Info: Visa Signature issued by Barclays. This card has no foreign currency conversion fees.
Noteworthy perks: 15,000 points each anniversary year ✦ Diamond status ✦ 10% discount on free night awards ✦ Cardmember discount on paid stays ✦ No foreign transaction fees

This card pays for itself with 15,000 bonus points each year upon renewal.  And you can’t beat 8x earnings at gas stations.  Plus, I’ve enrolled the card in Visa Savings Edge and so I get an additional 2% cash back at Chevron stations!

a screenshot of a website

I’m happy to earn Wyndham points thanks to the great value that’s possible when using points to book Vacasa Vacation Rentals.  See: Wyndham Vacasa – Great Value is Real!

Citi Prestige Card for dining

a close up of a credit card

Card Name w Details & Review (no offer)
FM Mini Review: The Prestige card's best in class 5X rewards for dining, airfare, and travel agencies is hard to beat. Sadly, this travel card doesn't provide any travel protections.

$495 Annual Fee
Earning rate: 5X airfare, dining, and travel agencies ✦ 3X hotels and cruise line ✦ 1X everywhere else
Base: 1X (1.45%)
Travel: 5X (7.25%)
Dine: 5X (7.25%)
Card Info: Mastercard World Elite issued by Citi. This card has no foreign currency conversion fees.
Noteworthy perks: $250 travel rebate per calendar year ✦ Free lounge access: Citi Properietary Lounges; and Priority Pass Select with free guests ✦ $100 Global Entry application fee credit ✦ 4th night free hotel benefit

I use this one to earn 5X at restaurants.  My wife and I eat out a lot so this is big.  We often eat out when traveling internationally too, so the Amex Gold Card (which earns 4X for dining) isn’t a great alternative since Amex isn’t widely accepted outside of the United States.

In the past I’ve tried to cancel my Prestige card because I don’t think it’s worth the $495 annual fee, but each time I’ve called to cancel I’ve accepted a retention offer to keep the card for another year.

Now, I’m kind of happy about that.  I love that Citi points now transfer 1 to 2 to Choice Privileges (and 1 to 1 to Wyndham).  This has unlocked value in Choice’s ability to book Preferred Hotels.  And, yes, the booking process is a nightmare, but for me the results so far have been fantastic…

Cavallo Point Lodge Preferred Hotel Sausalito Sunrise
My wife and I had a great stay at Cavallo Point Lodge which sits at the foot of the Golden Gate Bridge and overlooks San Francisco.  See my review here.
a pool and a table in a room
We also had a great stay at the Dolphin Bay Resort at Shell Beach, California (near Pismo Beach). This is a Preferred Hotel which is bookable with Choice Points.  I haven’t yet written up my review.

Amex Gold Card for grocerya hand holding a credit card

Card Name w Details & Review (no offer)
FM Mini Review: This card offers an awesome return on US supermarket and worldwide dining spend, putting it at or near the top-of-class in both categories. Dining credits and Uber / Uber Eats credits go a long way towards reducing the sting of this card's annual fee.

$250 Annual Fee
Earning rate: 3X points for flights booked with airlines or on amextravel.com ✦ 4x points at US Supermarkets (up to $25K in purchases, then 1x) ✦ 4x at restaurants worldwide ✦ 1X points on other purchases. Terms apply. (Rates & Fees)
Base: 1X (1.55%)
Travel: 3X (4.65%)
Dine: 4X (6.2%)
Grocery: 4X (6.2%)
Card Info: Amex Pay Over Time Card issued by Amex. This card has no foreign currency conversion fees.
Noteworthy perks: Up to $10 in statement credits monthly with participating dining partners (Goldbelly, Wine.com, Milk Bar, Shake Shack, Seamless/Grubhub, Cheesecake Factory) ✦ $10 monthly Uber or Uber Eats credit (use it or lose it each month) ✦ $100 hotel credit on qualifying charges on stays of 2 nights or longer, plus a room upgrade upon arrival, if available with The Hotel Collection at americanexpress.com/hc ✦ Enrollment required for select benefits.

This is my wife’s old Premier Rewards card which was automatically converted to an Amex Gold Card (but we never ordered a new metal card).  We use it to earn 4x at grocery stores.  Plus, the card offers $10 per month in Uber credits which we use without fail.  We also use it occasionally to order food through Grubhub since this card offers up to $10 back each month at certain restaurants, Grubhub, and Boxed.

Thanks to all of the recent Amex point promotions, my family is flush with Amex Membership Rewards points and so it doesn’t make a ton of sense to keep earning points this way.  That said, my wife currently has the Schwab Platinum card, which allows us to cash out points at 1.1 cents each, and so we can think of the Gold card as earning 4.4% cash back at grocery stores on up to $25K spend.  That’s certainly not bad!

Chase Sapphire Reserve for Travel

a black credit card with white text

Card Name w Details & Review (no offer)
FM Mini Review: Excellent all-around card for frequent traveler. Best when paired with no-fee Chase Freedom Flex, no-fee Freedom Unlimited & no-fee Chase Ink Cash Click here for our complete card review

$550 Annual Fee
Earning rate: 10X hotels & car rentals booked through Chase ✦ 10X Chase Dining ✦ 5X flights booked through Chase ✦ 3X Travel and Dining ✦ 10X Lyft (through March 2025)
Base: 1X (1.5%)
Travel: 10X (15%)
Dine: 3X (4.5%)
Other: 10X (15%)
Card Info: Visa Infinite issued by Chase. This card has no foreign currency conversion fees.
Noteworthy perks: $300 Annual Travel Credit ✦ Points worth 1.5 cents each towards travel ✦ Transfer points to airline & hotel partners ✦ Primary auto rental collision damage waiver ✦ Priority Pass Select lounge access ✦ $100 Global Entry fee credit ✦ $5 monthly DoorDash in-app credit through December 2024 ✦ Free DashPass through 2025 ✦ Earn 10X on Lyft spend✦ Free Lyft Pink All Access Memberhsip through December 2024 ✦ $15 monthly Instacart credit ✦ 12 months free Instacart+

The Sapphire Reserve card is an awesome choice for travel spend.  It offers 10X for hotels & car rentals booked through Chase, 5X for flights booked through Chase, and 3x for other travel spend.  Plus, it gives the cardholder $300 back per year on travel purchases.  It also happens to offer best-in-class travel protections (see: Ultra-Premium Credit Card Travel Protections).

The Sapphire Reserve card earns Ultimate Rewards points that are transferrable to a number of airline and hotel partners (see: Chase Transfer Partners – Which are best? Which are worst?).  The one that I turn to over and over again is Hyatt.  I’ve been using Hyatt points like a madman lately for stays at Miraval, Ventana Big Sur, and more, and I’ve been getting incredible value compared to cash rates (sometimes over 5 cents per point!).  In my recent analysis of Hyatt point values I found that it is easy with just a little cherry-picking to average over 2.3 cents per point.  So, to me, earning 3x Chase points for travel spend is like getting 2.3 x 3 = 6.9% back towards Hyatt stays.

a pair of feet in slippers by a fireplace
Hyatt points make it possible/reasonable to stay at the $2K+ per night Alila Ventana Big Sur

X1: My “Everywhere else” card

a screenshot of a black screen

If writing about rewards cards wasn’t my career, I’d stick with my Bank of America Premium Rewards card as my “everywhere else” card.  Thanks to my having Platinum Honors status with BOA, I get 2.62% cash back on all spend with that card.  That’s terrific.

But my X1 card is more interesting.  As long as I spend $15K per year on the card, I get 3x on all spend.  And, as long as I redeem those points to offset charges at specific merchants (including many travel providers that I spend with frequently), points are worth a penny each.  In other words, this is a 3%-ish cash back everywhere card.  But, it gets more interesting: The X1 app lets me enroll in “Boosts” in order to earn more points on many types of transactions (dining, grocery, and Amazon boosts are examples that I’ve already taken advantage of).  Plus, if I refer a friend to the card, I’ll earn a base 4x everywhere for 30 days.

One super cool feature of the card that I didn’t know when signing up is that there is no hard credit inquiry (they check your bank account instead) and the account never showed up on my credit report.  The latter means that it doesn’t count against my 5/24 status (see this post for more).

Update: Joe K says that he did get a hard inquiry when signing up.  We don’t yet know if it will also appear on his credit report.

For more about X1, see:

Fee free debit card

a machine with a screen and a keypad

Anyone who travels internationally should carry a debit card that waives ATM fees and doesn’t charge foreign transaction fees.  That way, you can go to any country, withdraw cash via a local ATM, and not pay any fees.  The most widely available account like this is probably the Schwab Bank High Yield Investor Checking account.  In my case, I get the similar features through my Chase Private Client account.

Altitude Reserve 3X Mobile Wallet

a close up of a credit card

Card Name w Details & Review (no offer)
FM Mini Review: With points worth 1.5 cents each towards travel, this card offers an excellent signup bonus. For ongoing use, this card is a winner for those who spend a lot on mobile payments (at 3X, rewards are worth 4.5%) Click here for our complete card review

$400 Annual Fee
Earning rate: 5x prepaid hotel & car rental through Altitude Rewards Center ✦ 3X travel and mobile wallet payments
Base: 1X (1.5%)
Travel: 3X (4.5%)
Shop: 3X (4.5%)
Other: 5X (7.5%)
Card Info: Visa Infinite issued by USB. This card has no foreign currency conversion fees.
Noteworthy perks: $325 in travel/dining credits per membership year ✦ Points worth 1.5 cents each towards travel ✦ Real Time Mobile Rewards (redeem points at full value at time of purchase) ✦ Priority Pass Select airport lounge access (8 per year) ✦ Primary car rental coverage ✦ No foreign transaction fees ✦ Free authorized user cards

The US Bank Altitude Reserve card isn’t in my physical wallet, but it’s my default mobile wallet (Apple Pay / Samsung Pay) card since it earns 3X (worth 4.5%) on all mobile wallet payments.

My Travel Wallet

a passport in a wallet

My travel wallet is a wallet that never goes in my pocket.  Instead, I keep it hidden away in my backpack.  It contains all of the cards that I might need while traveling.  Some of the non credit-card items in my travel wallet include my passport, my dive certification, Priority Pass (for lounge access), public transport cards, and travel related gift cards.

Credit cards found in my wallet include my Platinum card (for lounge access and emergency medical evacuation), my Chase Sapphire Reserve card for travel purchases, various hotel cards for in-hotel payments, and various airline cards for in-flight food discounts.

What’s not in my wallet (but is at home)?

I have a lot of cards that aren’t kept in either of the wallets shown above. I’m not going to list every card I have here, but there are some key cards missing from the story above that are worth noting:

Citi Double Cash: 2X Everywhere

a blue and green credit card

Card Name w Details & Review (no offer)
FM Mini Review: 2X rewards for all spend with no annual fee makes this card a winner. Earn 2X everywhere and redeem for the equivalent of 2% cash back or 2X ThankYou points. Pair with the Premier or Prestige card to make points transferrable to airlines.

No Annual Fee
Earning rate: 2% cash back everywhere (1% cash back for each purchase + 1% when paying your credit card bill for that purchase). ✦ For a limited time: Earn 5% total cash back on hotel, car rentals, and attractions booked on Citi Travel portal through 12/31/24.
Base: 2X (2.9%)
Travel: 5X (7.25%)
Card Info: Mastercard World Elite issued by Citi. This card imposes foreign transaction fees.
Noteworthy perks: 1X when you make a purchase + 1X when you pay for those purchases

This fee-free card offers 2X ThankYou Rewards everywhere.  And, by holding a Premier or Prestige card (I have the latter), points are transferable to airline and hotel partners (such as to Choice at a favorable 1 to 2 rate).  So, for situations where I need a Mastercard, this is a great alternative to my X1 card.  For example, this is a great option for Plastiq bill payments for things like mortgage payments that can be made with Mastercards, but not with Amex or Visa cards. For full details see: Citi Double Cash Complete Guide.

One problem with this card is that it does incur foreign transaction fees so I recommend leaving it behind when traveling internationally.

Citi Rewards+

a group of credit cards on a table

Card Name w Details & Review (no offer)
FM Mini Review: The fact that you can get 10% Points Back when you redeem, up to the first 100,000 points redeemed per year, makes this a great choice to pool with ThankYou Premier, Prestige, and/or Double Cash

No Annual Fee
Earning rate: 5x on travel booked through Citi Travel℠ Portal through June 30 2024 (excludes air travel) ✦ 2X at supermarkets and gas stations on up to $6,000 per year ✦ Round up to nearest 10 TY points on all purchases
Base: 1X (1.45%)
Travel: 5X (7.25%)
Gas: 2X (2.9%)
Grocery: 2X (2.9%)
Card Info: Mastercard World issued by Citi. This card imposes foreign transaction fees.
Noteworthy perks: Round up to the nearest 10 points on all purchases with no cap. ✦ Get 10% Points Back when you redeem, up to the first 100,000 points redeemed per year.

This fee-free card is awesome because it offers a 10% rebate on rewards (capped at 10K points per year).  By pooling this card with my Double Cash and Prestige, I automatically get up to 10,000 points per year without thinking about it.  See: Citi Rewards+ is a great companion to Premier or Prestige.

Amex Blue Business Plus

Card Name w Details & Review (no offer)
FM Mini Review: 2X rewards for all spend (up to $50K per year) with no annual fee makes this card a winner. Click here for our complete card review

No Annual Fee
Earning rate: 2X Membership Rewards points on all purchases, up to $50K spend per calendar year (then 1X thereafter). Terms apply. (Rates & Fees)
Base: 2X (3.1%)
Card Info: Amex Credit Card issued by Amex. This card imposes foreign transaction fees.

This fee-free card offers 2X Membership Rewards points on all spend, up to $50K per year (then 1X).  Since I’m currently flush with Amex points, this card isn’t getting much love these days.

Like the Citi Double Cash card, this card incurs foreign transaction fees so I recommend leaving it behind when traveling internationally.

Chase Ink Cash: 5X Office Supply

a close up of a credit card

Card Name w Details & Review (no offer)
FM Mini Review: This one should be in everyone's wallet. Incredible signup bonus for a no-fee card. Great card for 5X categories. Excellent companion card to Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred. Click here for our complete card review

No Annual Fee
Earning rate: 5X office supplies ✦ 5X cellular/landline/cable (on up to $25,000 in total purchases in 5x categories annually) ✦ 2X on the first $25K in combined purchases at gas stations and restaurants each cardmember year ✦ 5X Lyft through March 2025
Base: 1X (1.5%)
Dine: 2X (3%)
Gas: 2X (3%)
Phone: 5X (7.5%)
Office: 5X (7.5%)
Other: 5X (7.5%)
Card Info: Visa Signature Business issued by Chase. This card imposes foreign transaction fees.

I use this card to earn 5X by automatically paying our phone, cable, and internet bills.  And, since the Ink Cash also offers 5X at office supply stores, I take it on field trips to Staples and/or Office Depot / OfficeMax when they offer sales.

Delta Platinum and Reserve cards

a close up of a credit card

I use these cards to manufacture Delta elite status (see this post for details).  It’s past time for me to rethink this approach, but they’re still around for now.

Bottom line

The cards in my day-to-day wallet (and phone) offer an excellent rate of return for my in-person spend: 8X gas, 5X restaurants, 4X grocery, 3X Travel, 3X Apple Pay, and 3x to 4x everywhere else.

One card that I’d like to add to my wallet is the fee-free Citi Custom Cash which earns 5x Citi ThankYou Points on up to $500 in spend each billing cycle on the category which you spend the most: Restaurants, Gas Stations, Grocery Stores, Select Travel, Select Transit, Select Streaming Services, Drugstores, Home Improvement Stores, Fitness Clubs and Live Entertainment.  I could see myself dedicating the card to grocery stores only and that would leave me free to potentially ditch the Amex Gold card.

Aside from considering the Custom Cash card, I’m pretty happy with the selection of cards I have now.  I know I could do marginally better in some cases, but I don’t really care.  The difference in earnings from day to day spend are minor compared to the rewards I earn through credit card bonuses and increased spend techniques.

If you’re struggling to decide which cards to keep in your wallet, don’t forget that we’ve put together a resource to help you decide which of the expensive cards are worth keeping.  See this post for details: Which Ultra Premium Cards are Keepers?

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