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Wallet Cards

The Credit Cards In My Wallet

To the point I am often asked about the credit cards in my wallet. Here are the ones I keep and why!

The Credit Cards In My Wallet

These are the credit cards that are the perfect combo for my situation in my wallet in 2020.

Card Why
american express mr cobalt

Earn 5 points per dollar on my grocery, convenience store, home delivery and restaurant and bar purchases.

To get 5 points per dollar for many businesses like Amazon or the SAQ thanks to gift cards

To transfer points to Marriott Bonvoy or redeem them in statement credits towards travel purchases

HSBC World Elite

Earn 6 points per dollar for travel

To get 3 points per dollar at Costco, Walmart and at places where American Express is not accepted

To pay no conversion fees for foreign currency purchases

With its $100 annual travel credit

To get free Wi-Fi on-board (Swiss, Lufthansa, Singapore, etc.)

Get 10% discount on hotel reservations on Expedia or Agoda

american express bonvoy

Earn 5 points per dollar for my Marriott expenses

Receive your annual certificate of a free night worth 35,000 points

For 15 Elite Night Credits each calendar year for my Marriott Bonvoy Elite status

American Express Business Edge™ Card

Earn 3 points per dollar for all my spending on electronics (Apple, Dell, etc.), office supplies (Staples, etc.).

To split my personal expenses from those of my company

American Express Cobalt<sup>™</sup> Card

The American Express Cobalt™ Card is the best credit card from American Express.

With the American Express Cobalt® Card, you can earn between 1 and 5 points per dollar:

Category Points per dollar
Grocery 5
Food delivery 5
Restaurants and bars 5
Convenience stores 5
Gas station 2
Gas & Transit 2
Travel 2
Other 1
cobalt super c

You can get up to 30,000 Membership Rewards Points as a Welcome Bonus; that’s a $300 value. You can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card.

With $500 purchases in the 5 point per dollar categories, that’s a minimum of 60,000 points earned. In total, you will accumulate $600 in the first year!

You can easily use these points against your travel purchases, and even your everyday purchases. Or you can transfer your points to Marriott Bonvoy or Hilton Honors.

Besides, this Card provides premium insurance :

  • Car Rental Theft and Damage Insurance
  • Insurance for delayed, lost or stolen luggage
  • Purchase Protection® Plan
  • Flight delay insurance
  • $250,000 Travel Accident Insurance
  • Buyer’s Assurance® Protection Plan
  • Hotel or motel burglary insurance

I’ve had the American Express Cobalt® Card card since it came out in 2017, and it’s not about to leave my wallet (like many members of the milesopedia community)!

I use it forgroceries, restaurants and gift cards . The ones I buy are from the SAQ and Amazon, at Metro, Super C or Couche-Tard. I earn 5 Membership Rewards Points or 6 Marriott Bonvoy points per dollar.

Saq Cobalt giftcard

HSBC World Elite® Mastercard®

The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases.

With the HSBC World Elite® Mastercard®,you earn:

  • 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
  • 3 points per dollar for all other purchases

It’s a 1% to 3% value depending on your purchases!

You can apply your points on any travel purchase charged to your HSBC World Elite® Mastercard® (flights, hotels, Airbnb, all-inclusive, etc.).

But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.

Introducing the HSBC World Elite® Mastercard®

Finally, with the HSBC World Elite® Mastercard® you get:

  • $100 annual travel credit (for airport lounges, for example)
  • Unlimited access to Boingo WiFi hotspots around the world
  • 10% discount for hotel reservations on Expedia or Agoda
  • Premium insurance for your travels and purchases

Finally, the HSBC World Elite® Mastercard® does not apply any conversion fees for foreign currency transactions. This represents a saving of 2.5% for each transaction.

And it’s one of the best credit cards for Costco, where you earn 3 points per dollar.

I have the HSBC World Elite® Mastercard® HSBC World Elite Mastercard and I’ve been treasuring it since 2018.

It provides an annual travel credit of $100. This way, it costs me $49 per year!

I use it for all my travel purchases to get 6 points per dollar (Airbnb, Expedia hotels, Air Transat flights, train tickets, etc.). Also, this is the credit card I use at Costco (3 points per dollar) and abroad (no foreign currency conversion fees).

Marriott Bonvoy™ American Express® Card

The Carte Marriott BonvoyMC American ExpressMD is the best credit card for free hotel nights.

You can earn a welcome bonus of 50,000 points that offer free nights at 8,000 Marriott hotels worldwide! And you earn 2 points per dollar on all your purchases.

Plus, each year at renewal, you get a free one-night annual certificate worth 35,000 points. Also, you get 15 Elite nights per year, counting towards your Marriott Bonvoy status.

Finally, this Card has reliable insurance:

  • Delayed, lost or stolen luggage insurance
  • $500,000 Travel Accident Insurance
  • Purchase Protection® Plan
  • Flight delay insurance
  • Hotel or motel burglary insurance
  • Buyer’s Assurance® Protection Plan
  • Car Rental Theft and Damage Insurance

I hold both Marriott Bonvoy credit cards for individual and for small business. Each of these cards offers a free night’s annual certificate worth 35,000 points. This more than makes up for the annual fee ($120 and $150 respectively).

Also, I can progress faster in my Marriott Bonvoy status, thanks to the 15 Elite nights per year (not cumulative with the two cards unfortunately).

Finally, I use the Marriott BonvoyMC American ExpressMD card at Marriott Bonvoy hotels to earn 5 points per dollar for all my spending.

marriott bonvoy certificat moxy

American Express Business Edge™ Card

The American Express Business Edge™ Card is a small business credit card in Canada. The annual fee is only $99. In addition, this credit card offers up to 57,000 Membership Rewards points in the first year, a value of $570.

You can earn 3 times the points on:

  • Office supplies (Staples, etc.)
  • Electronic (Apple, Dell, etc.)
  • Rides
  • Gas
  • Eats & Drinks

Besides, you can add up to 99 supplementary cards at no cost.

Having a business, I use the American Express Business Edge™ Card to split my business and personal expenses.

With this card I get 3 points per dollar for office supplies and electronics. No other card allows you to earn so many points for these categories of purchases.

And I’m thrilled to have this card: thanks to the purchase insurance, I was able to get a refund of $1,000 following the theft of my iPhone in South Africa, bought less than three months before directly from Apple!

Edge Staples

Conclusion

Of course, I have other credit cards in my wallet, depending on welcome offers or the relevance of the card’s benefits (especially during COVID-19)!

But these four credit cards are the ones I keep as they perfectly fit my lifestyle! What are your favourite credit cards right now?

Come to discuss that topic in our Facebook Group!

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