You know that Capital One slogan, what’s in your wallet?  Well, given that I’ve written many posts about loyalty cards and reward credit cards, I thought it would be fun to reveal the contents of my wallet (okay, I just wanted an excuse to clean out my wallet).  Here we go:

Debit cards

I’ve got three debit cards in my wallet; a TD Visa Debit access card, a TD Business access card, and an ING Direct debit card. That’s a lot of debit cards for someone who doesn’t use debit that often.

I’ve got a TD chequing account and carry the minimum balance ($1,500) and keep my transactions under 10 per month to waive the $3.95 account fee.  I keep this account open because my investments and mortgage are held at TD and I find it’s easier to move money around with a chequing account at a full service branch.  The business access card is for our online business and only gets used whenever someone sends us a cheque (rarely).

I’ve also got a Tangerine Thrive account because I love free banking and any debits that I make come from this account (did I mention no fees?).

Credit cards

I’ve got four credit cards in my wallet; a Scotia Momentum Visa Infinite card, a Capital One Aspire Travel World MasterCard, a True Earnings Costco American Express card, and a Capital One Aspire Cash World MasterCard (since discontinued to new customers).

I use a rewards credit card for all my purchases – and pay it off in full every month – but since I can’t find one credit card that works best for every single purchase I have to use a combination of cards in order to maximize my rewards.

I use the Scotia card for groceries, gas, and drug store purchases, as well as for recurring bill payments like cable and internet.  That’s because it pays 4 percent for groceries and gas spending, and 2 percent for drug store purchases and recurring bills.

I use the True Earnings card whenever we go to Costco (they only take American Express credit cards) and when we go out to eat because it pays 3 percent back for restaurant purchases.

I use the Capital One card for the rest of our spending.  I recently applied for the Aspire Travel card because of the juicy 35,000 welcome bonus and because I like the ability to redeem the points for travel purchases right on your credit card statement online.  You can get up to 2 percent back using this card.

Loyalty cards

I’ve got six loyalty cards in my wallet; a Costco executive membership card, a Safeway club card, a Save-On-Foods More rewards card, a Shoppers Optimum card, an Aeroplan card, and an Air Miles Gold card.

I’m a sucker for a good loyalty program and so I’ve signed up for a few of them where I shop the most.  I mentioned Costco and that’s where we do our main grocery shop (once per month).  The executive membership costs $110 and we got an $85 rebate last month, effectively reducing our annual membership to $25.

We do the rest of our shopping at Safeway, Save-On, and Shoppers.  We also shop at Superstore and I’ve recently downloaded their new loyalty card app called PC Plus (thank you for offering a mobile app instead of another card!).

I’ve got an Aeroplan card from when I worked in the hotel industry and travelled more frequently.  It’s basically useless now because I don’t fly very often and their other sponsors are limited.

I still use Air Miles at Safeway and at Shell gas stations.  I’d love to use the Air Miles cash feature more but the only participating sponsors in Alberta are Shell and Rona – and the Shell stations in Lethbridge are not equipped to handle Air Miles cash redemptions!).


None.  Seriously.  I don’t carry cash.  I do have a cheque from my wife’s Grandma – a Christmas present for the kids.


Of course I’ve got my driver’s license, birth certificate, social insurance card, Alberta Health card, and a ProServe liquor staff training certificate that expires in July 2014.  I also have my oldest daughter’s social insurance card for reasons I suspect are related to opening up her RESP.

Finally, I’ve got a Quizno’s frequency card (only two stamps to go!) and I’ve got two receipts from work-related purchases that I need to expense.

Final thoughts

Doing this exercise made me want to try one of those mobile apps for managing your rewards cards.  I’ve read about Key Ring, where you can add loyalty cards, gift cards, membership cards, and even your library card.  There’s also CardStar, which looks to be very similar.

I also came across this product called Coin, which is a credit card-sized device that holds up to eight credit, debit, gift, or membership cards, and lets you switch between them by pressing a circular button on its surface.  It’s a neat concept, but unfortunately it doesn’t appear to be available in Canada when it launches this summer.

Readers, what’s in your wallet?  Are you on board with the digital or mobile wallet?

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