March 27, 2014

What's in My Wallet - April 2014 Edition

I've been meaning to start a periodic series outlining the cards in my wallet and my rationale for spending on each.  I try to be as purposeful (and organized) as possible about the cards in my wallet and when each one comes out.  The best analogy is really a swiss army knife.  You want to have a handful of tools for different jobs and understand which tool to use for a specific job (purchase).  This will help you maximize your earning on spend.

Here are the four cards (in addition to my debit card) in my wallet for the coming month:

1)  HHonors Surpass Card from American Express 

I upgraded to this card from the standard HHonors American Express card during my January round of applications.  The upgrade will net me 50,000 HHonors points after spending $3,000 which I should complete in April.  The original offer netted me 50,000 points as well so I'm essentially earning 100,000 bonus points from one credit card application within a year.  Pretty good.  Since this card is still short of the minimum spend, I'm not worried about category bonuses.  I will use the points for a free night at the Conrad Centennial Singapore during out trip to Bali in July.

2)  Citi Executive AAdvantage World MasterCard 

I've already completed the minimum spend on my own version of this card.   So I'm actually an authorized user on Emily's version of the card helping her work towards the high ($10K in 90 days) minimum spend threshold.  But thanks to both of us using the card for everyday spend, Amazon Payments, and some taxes due, hitting the threshold should be no problem.  After we complete the minimum spend on this card, we'll have earned 217,500 American Airlines miles from both bonuses.  Good enough for 2 roundtrip business class tickets to Europe! 

3)  Chase Sapphire Preferred Visa Card 

No minimum spend needed on this card.  Just my workhorse everyday card earning 2x (actually 2.14X when you include the annual 7% dividend) on travel and dining. This card is also linked to my United dining program account.

4)  Chase British Airways Visa Signature Card 

I've already met the minimum spend on this card but am working towards the secondary bonuses which will net me an incremental 25,000 points after spending $10,000 and another 25,000 points after spending $20,000 in the first year of cardmembership.  The second bonus tranche is a lot of incremental spend is going to be a bit of a stretch.  So I keep this card in my wallet and will use it on non dining/travel expenses after meeting the minimum spend thresholds for the first two cards.

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