My Cash Back Wallet January-March
Every quarter I’m going to show you how I get cash back. I’ll go over what cards I’m using and what I’m using them for. I usually average around $30-50 per month on cash depending on what’s going on. And that’s not including sign up bonuses. That might not seem like a lot to some. But I will take an extra $400-500 per year all day.
US Bank Cash + Card
This is arguably my favorite credit card. They have tons of 5% cash back categories, along with some 2% categories. You can choose two 5% categories per quarter. I usually use this card for my internet, cable and streaming and my phone bill. But, one of Chase Freedom’s rotating cash back categories for the months of January-March is Internet, cable and streaming. That, along with using more electricity this time of year I decided to use my other 5% category towards my electric bill. I’m estimating my electric bill to be around $80. So, that will be $4 cash back. My phone bill is $120(my phone payment is included in the bill), so that gives me another $6 back. I will get a total of $10 in cash for the month of January.
The Chase Freedom is a nice rotating 5% cash back card. Although I can go a few months without using this card. It’s still carries plenty of value and has some solid categories throughout the year. This quarter they pay 5% for internet, cable and streaming services. With my internet, cable and streaming being a total of $90 that will give me $4.50 cash back. The Chase Freedom also pays 5% at gas stations this quarter. But that doesn’t count superstores, and they’re usually a lot cheaper in gas. So I most likely will not use this card.
American Express Blue Cash
This is the best grocery store credit card out there. The American Express Blue Cash pays 6% cash back all year around. Although it has a $95 annual fee, it’s totally worth it. As the average family spends $300-500 a month on groceries. My monthly grocery bill fluctuates. But I’m going to go with a happy medium of $200 this month. So that will pay me $12 in cash back. Amex pays you in the form of a statement credit and you need a minimum of $25 to use it. I usually am able to redeem every couple months.
US Bank Cash 365 and Capital One Quicksilver
Both of these cards are nice because they pay 1.5% cash back on every purchase. The reason I use both is because the Cash 365 pays in the form of cash back where the Quicksilver is in the form of a statement credit. But I like to shop at Costco and they only take Visa cards. The Quicksilver is Visa whereas the Cash 365 is Amex. I will be switching to Chase Freedom Unlimited soon as my 1.5% on everything card since its Visa and is more versatile with paying in cash and points transfers to other cards. But between the Cash 365 and Quicksilver I will get roughly around $5 back in the month of January.
My total estimated cash back for the month of January with all of these cards comes out to $31. And that’s probably a conservative estimation. I know a lot of people cringe at the thought of credit cards. But if you are responsible they can definitely be used to your advantage. I love being able to get something for all of my bills and needs that I’m going to be spending money on anyway. This is not a time consuming process either. What’s in your wallet this month?