What’s in My Wallet
I thought it might be kind of cool, as a personal finance blogger, to answer the annoyingly effective (or effectively annoying?) ad slogan question, “what’s in your wallet?”. And no, you won’t find a Capital One card.
To be fully transparent, I did do a bit of tidying up to get it in this state – removing an old frequent flyer card, some receipts, and a few bank statements in the process. It wasn’t quite George Costanza-bursting-at-the-seams level, but still, nothing to write home about.
As you will see, there is a lot of plastic, which makes this thing unbearably thick – to the point where I usually only put it in my pocket if I’m going into a store to make a purchase or a restaurant.
So lets take a walk through.
Wallet: I’ll start with the wallet itself. Genuine leather tri-fold. I could not tell you what off-name brand it is, and honestly, I kind of like that I don’t know. I’ve had this wallet for at least 13 years now, I would imagine. It’s still going strong, but if it ever falls apart on me, I’d probably move to something much smaller. A bi-fold at max.
Cash: I was randomly carrying $14 American cash on me at the time of the photo, along with $10 Canadian (I take frequent business trips to Canada). With my reliance on cards for payments, I usually don’t carry much more than $30 cash at any time. I feel safer this way too. If I’m pick-pocketed, I may have a bit of a headache calling to cancel credit cards, but at least I’m not out the cash.
Debit Cards: I have two debit cards from TCF Bank. I have checking accounts with them as they have free checking and are literally in my employer’s building – making it easy to cash checks or withdraw from their ATM, if I need cash.
Why two debit cards from the same bank? My wife and I each have separate bank accounts and shared a joint account. I have one card for each.
Credit Cards: I have four in my wallet at the moment, you can find out more about these on my list of money saving products:
- Blue Cash Preferred® American Express: This is my go-to grocery rewards card, which I use at Trader Joe’s, Meijer, and Whole Foods. It offers 6% cash back at US supermarkets (as well as 3% at US gas stations & select department stores, and 1% on other purchases).
- TrueEarnings® Costco American Express: this card has become my restaurant and travel card (it offers 2% cash back for eligible travel & restaurant purchases, and 1% on other purchases). It also dubs as my Costco membership card. It is the only card you can use at Costco.
- Upromise World MasterCard® is the best rewards hacking card at the moment. You can earn 10% or more cash back on eligible online purchases through Upromise, 4% cash back at thousands of participating Upromise dining restaurants, 3% cash back on eligible gas purchases at Exxon or Mobil locations, 2% cash back on eligible movie theater locations, 1% cash back on all other purchases. Check out my review on this card for more info.
- Visa Cash+ Card: This is a card that is no longer open to new accounts, but gets me 5% cash back on restaurants and fast food (which I do not eat that often).
- GM Card: I use this card for business related expenses only and could probably leave it at home, as all of the expenses associated with running this blog are transacted online.
Health-Related: at the bottom, you’ll see three health related cards:
- Delta Dental: this card is for my dental insurance through my employer.
- Anthem Blue Cross: this is my HDHP health insurance card.
- My Equity HSA debit card: this debits directly from my HSA when I charge health related expenses like a doctor’s visit or a prescription.
Other Random: on the left side, you’ll find:
- A rewards punch card for homebrew kits. Buy 10, get one free. 😉
- An AMC Theater gift card. I received this over a year ago and haven’t been to the theater since as there is no AMC within 25 miles of my house. Should probably leave this one at home.
- A Mug Club membership at a favorite local brewery. I get a discount on all beer! (has paid itself off already)
State of Michigan Driver’s License: last, but not least, for the 1 to 2 times per month I actually drive or get carded when buying alcohol.
That covers it
Your turn! What’s in your wallet?