I just had a couple of annual fees come up and thought it would be a good time to review what’s currently in my wallet.
We (my wife and I) have been trying to stay clear of applying for any new personal credit cards so we can get under Chase’s 5/24 rule. Both the Chase Ink Preferred and the Chase Sapphire Reserve are on our wish list of cards to get.
The bad news is that I’m 15/24 but the good news is that I’m only 2/12 – so a year from now I’ll be under 5/24!
The 32 credit cards listed below are not all in my name, about half are in my wife’s name. Now I don’t actually keep all 32 credit cards in my wallet – I only carry around a small Robert Graham card case – very similar to this one:
I’ll just keep four cards that I use most in this small card case and swap some in and out during different times (Chase Freedom quarterly bonus starts, going on a trip, etc).
For the others, I found this Boshiho leather credit card holder on Amazon that has been working great and was pretty cheap. I purchased in December 2015 and have been happy with it since. Credit cards slid in easily and there is room for 90 cards.
Before I move onto what I’m keeping and canceling, If you are Interested in what sign up bonus we were able to get with each card – check out the table at the bottom of the post.
1, 2) American Express Blue Business Plus (x2) – These cards earn 2X Membership Reward points on all purchases and have no annual fee.
3, 4) Chase Hyatt (x2) – I gladly pay the $75 annual fee for the free night each year in a category 1-4. If you have a spouse/partner – it’s best for each of you to apply for this card at the same time so you can use two annual certificates at the same time for a weekend getaway.
5, 6) Chase IHG (x2) – This card is even better than the Hyatt card, the annual fee is only $49 and there is no limit on which IHG hotel you can use the free annual night certificate. It also gives you Platinum status which gets you 2:00pm late checkout. We have used the free night certificates for long weekends at the Intercontinental New York during Christmas.
7, 8)Chase Ink Plus (x2) – We have been maxing out this card’s 5X ultimate reward categories (phone, internet, & office supply stores) to earn 500,000 points per year. Please note this card is no longer available and was replaced with the Chase Ink Preferred which currently has a very nice 80,000 point sign up bonus.
9) Chase Freedom – Another no annual fee that earns 5X points (up to $1500 per quarter) in rotating categories. An easy way to rack up 30,000 points per year.
10) Discover IT – Yet again a no annual fee card but this one provides 5% cash back in different categories each quarter.
11) Discover it Miles – We continue to keep this card since it provides $30/year towards any airline wifi costs and has no annual fee. Discover also doubles the cash back from 1.5% to 3% on all purchases for new cardmembers the first year.
12) US Bank Gymboree – This was one of my wife’s very first credit cards, it has no fee so we will keep it open for the long credit history even though our girls outgrew Gymboree a long time ago.
13) Citi Costco – We will be keeping this card until we get tired of Costco (which will probably be never).
14) Fidelity Rewards – We got this credit card in conjunction with our Fidelity checking account – it provides 2% cash back into our Fidelity checking account on all purchases with no annual fee.
Probably Keeping A While
15) American Express Everyday – Since it has no annual fee we will probably keep it for the Amex Offers until we need room with American Express for some other cards since they limit you to four credit cards and four charge cards.
16) American Express Platinum – I ended up paying the $450 annual fee earlier in the spring. A new feature introduced earlier this year is $200/year in Uber credits (I’ll use the credit for Uber eats if I don’t spend on Uber in a given month). This card also provides a $200 annual airline credit (I usually get Southwest gift cards). Considering both credit, that brings down the fee to only $50/year which is well worth the other perks I use (5X points on airfare, Centurion Lounge Access, and access to Amex Fine Hotels & Resorts that get us free breakfast and a $100 gift with each stay).
17) American Express SPG (Starwood Preferred Guest) Business – Since SPG points are considered the most valuable point out there, I’ll keep this for the Sheraton club access and put all spend on it unless I’m working on a sign-up bonus
18) Citi AT&T Access More – I thought I would be cancelling this card soon when Citi announced that it would no longer pay 3X points towards mortgage or rent payments.
I have been using the 3X online purchases category to pay my mortgage using Plastiq.com – luckily it codes as ‘Misc Govt Services’ and I’m still earning 3X points.
There is also a 10,000 point annual bonus for spending $10,000/year which I easily do by paying my mortgage.
Will Evaluate When Annual Fee Hits
19) American Express Platinum Business – I didn’t think I’d own this card again, but got a surprise call asking me to reopen it for a 50,000 point bonus – I’ll take it and evaluate whether to keep it next year.
20) American Express Blue for Business – This card doesn’t have an annual fee, but I will probably cancel it at my one year anniversary. It’s no longer available, but when I got it there was a sign-up bonus for 2X points on all purchases up to $50,000/year. At the end of the first year, Amex also gives you a 30% bonus on points earned – so it’s earning 2.3X on all purchases the first year. I’m trying to max this card out, then will switch regular spend to SPG or Amex Blue Business Plus.
21) American Express Gold Delta Skymiles Business – We got this card because it was a business version that won’t show up on our personal credit report along with no annual fee the first year and a 60,000 mile sign-up bonus. we hardly ever fly Delta, but it’s nice to have a stash of Delta miles which never expire.
22, 23) Chase Fairmont x2 – We applied for this card for the two free nights right before it was removed from Chase’s website in January. It’s the second time we’ve gotten the free nights sign up bonus (using it in Hawaii in 2014 and an upcoming trip to San Francisco). Chase sent us a letter that it is being converted to Chase Sapphire Preferred and we should receive the new card in Sept/Oct.
24) Citi Hilton HHonors Reserve x2 – Again we got this card right before it was discontinued just for the two free weekend nights sign-up bonus. Since we both got the card, that’s 4 free nights! I’m not sure if Citi will convert it to another card or what will happen since it’s discontinued.
25) Citi Prestige – I recently paid the $450 annual fee even though I hardly ever use this card. I still haven’t had a chance to the use the 4th night free benefit since I usually have stays with points. I kept this card because I need a premium Thank You Points card to be able to transfer all of my Citi AT&T Access More Thank You Points to airline partners. I’ll probably try to get the Thank You Premier next year and cancel this but who knows.
26) US Bank Altitude Reserve – After you consider the $325 annual travel credit that is easy to use, the $450 annual fee doesn’t seem that bad. This card earns 3X points when using mobile wallet – I really thought I would be using ApplePay a lot, but I rarely do. Let’s see what happens when our first year is up.
27) US Bank Flex Perks Travel Edge Business – The annual fee is only $55 so I’ll probably have to pay it next spring unless I use all of my 100,000+ Flex Perks before then.
28, 29) Bank of America Alaska Airlines Business x2 – This card had a nice 30,000 point sign up bonus but I haven’t flown Alaska in years. That means, I haven’t had the chance to use the annual companion certificate since we’re at a Southwest hub and have the Southwest Companion pass.
30, 31) Chase Marriott Business x2 – These cards helped us achieve a Flights and Nights Package from Marriott earlier this year. We got a 5 night stay in a category 1-5 + 120,000 Southwest Rapid Reward points which triggered the Southwest Companion pass all for 235,000 Marriott points. I still have the American Express SPG Business card which can convert SPG points to Marriott if need be so there is no need to pay this card’s annual fee.
32) US Bank Flex Perks Travel Rewards – This card is dead to me, I had been using the 3X charity category at Kiva.org to rack up a bunch of Flex Perks but US Bank changed something and Kiva no longer counts as a charity.
There are also rumors that US Bank is changing the charity category from 3X to 2X points and reducing the value of Flex Perks to 1.5¢/point at the end of the year.
My annual fee just came up, so I’m in the process of cancelling it by moving Flex Perks to my US Bank Flex Perks Travel Edge Business card.
|Card||Fee||Perks I Use||My Sign-Up Bonus (year received)|
|American Express Everyday||$0||2X at supermarkets; 20% bonus w/ 20 transacations||10,000 pts after spending $1000 in 3 months (2016)|
|American Express Platinum||$550||$200 annual airline credit; $200 uber credits per year; Amex Fine Hotels & Resorts; Centurion Lounge Access; 5X points on airline purchases||100,000 pts after $3000 in 3 months (2016)|
|American Express SPG (Starwood Preferred Guest) Business||$95||Sheraton Club Access; 5th night free on award stays||10,000 pts after first purchase; 20,000 pts after spending $5000 in 3 months (2013);
30,000 pts after spending $5000 in 3 months (2015)
|American Express Business Platinum||$450||$200 airline credit||150,000 pts after spending $20,000 in 3 months (2015);
reopened in 2017 with 50,000 pts after spending $10,000 in 5 months
|Discover It||$0||5% cashback on rotating quarterly categories||$150 cash back after spending $750 in 3 months (2013)|
|Discover it Miles||$0||$30/year reimbursement of airline wifi charges||3% cashback the first year (2015)|
|Chase Freedom||$0||5X in rotating quarterly categories||20,000 pts after spending $500 in 3 months (2013)|
|American Express Blue Business Plus x2||$0||2X pts on all purchases up to $50,000 per year||20,000 pts after spending $3000 in 3 months (2017)|
|American Express Blue for Business|
(No Longer Available)
|$0||2X points all all purchases on $50,000 for the first year with 30% bonus after first year||10,000 pts after first purchase; 10X pts at restaurants on first $2000 in 6 months (2016)|
|American Express Gold Delta Skymiles Business||$95||Free checked bag||60,000 miles after spending $3000 in 4 months; $50 statement credit with Delta purchase (2017)|
|Bank of America Alaska Airlines Business x2||$95||companion certificate; 1st bag checked free||30,000 pts after spending $1000 in 3 months (2016)
|Chase Fairmont x2|
(No Longer Available)
|$95||2 free nights at any Fairmont after spending $1000 in 3 months (2013)
2 free nights at any Fairmont after spending $3000 in 3 months (2017)
|Chase Hyatt x2||$75||Free night per year at Cat 1-4 Hyatt||2 free nights at any Hyatt; $50 statement credit after spending $1000 in 3 months (2013);
2 free nights at any Hyatt after spending $1000 in 3 months (2016)
|Chase IHG Rewards Club x2||$49||Free night per year at any IHG property; Platinum Elite status||80,000 pts after spending $1000 in 3 months (2013)|
|Chase Ink Plus x2|
(No Longer Available)
|$95||5X pts at office supply, internet, phone up to $50,000/year||60,000 pts after spending $5000 in 3 months (2014)|
|Chase Marriott Business x2||$99||70,000 pts after spending $3000 in 3 months (2016)|
|Citi American Airlines Business Platinum Select||$95||10% rebate on redeemed AA points per year up to 10,000||50,000 pts after spending $3000 in 3 months (2016)|
|Citi AT&T Access More|
(No Longer Available)
|$95||3X pts for online purchases; 10,000 bonus pts if you spend $10,000 during cardmember year||$650 phone credit after spending $2000 in 3 months (2015)|
|Citi Costco||$0||Costco Membership||nothing - converted from American Express
|Citi Hilton HHonors Reserve x 2|
(No Longer Availalbe)
|$95||2 free weekend nights at any Hilton after spending $2500 in 4 months (2017)|
|Citi Prestige||$450||$250 annual travel credit; 4th night free award; Priority Pass Lounge membership||50,000 pts after spending $3000 in 3 months (2016)|
|Fidelity Rewards||$0||2% cash back on all purchases|
|US Bank Altitude Reserve||$450||3X Apple pay; $325/year travel credit||50,000 pts after spending $4500 in 3 months (2017)|
|US Bank Flex Perks Travel Edge Business||$55||20,000 pts after spending $2000 in 4 months (2017)|
|US Bank Flex Perks Travel Rewards||$49||3X pts at charities||34,600 pts (due to Olympics promo) after spending $2000 in 4 months (2016)|
|US Bank Gymboree||$0||very old credit card||can't remember! probably a discount at the store|