Bilt Making Changes To Loyalty Program

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• I don't think that "non-rent spend on a Bilt Mastercard, or other linked Mastercard, American Express, or Visa card" is correct

  Looking at the updated terms and conditions that Bilt published, the part about spend on other cards looks like it's only about Bilt Dining, since it says

  """
  Tier Status earned through the Fast Track is based on the cumulative amount of dollars spent:
  1) on the Bilt Mastercard® (not including rent),
  2) on net rideshare purchases of rides booked through the Lyft® app when Bilt Rewards is set as the active loyalty partner in the Lyft® app,
  3) on purchases made in the Bilt Travel Portal,
  4) on purchases at Bilt Dining restaurants using any eligible card in the Bilt Member’s Bilt Wallet,
  5) on SoulCycle® classes booked through the Bilt Rewards app or website,
  6) and at other merchants clearly identified by Bilt as being part of the Rewards program at the time the purchase was made, but explicitly excluding dollars spent on Rent.
  """

• @william there is a typo in the Platinum tier. It is $50k spend, not $25k. Post currently says $25k requirement for both gold/plat

  • Fixed, thanks

• Is this worth it for paying rent?

• Looks like my Bilt card is potentially on the chopping block in 24.

• completely useless, as are the minimalist bonus categories. Rent and a few small charges/month only. Wondering if I should be transfering the points more often.

• Beware of Bilt. I was an early member and have noticed a steady decline in customer service and policies in recent months. It leads me to wonder if they are facing substantial pressure to keep the lights on and if I should cash out my 100K points before it's too late.

  • I 100% agree. Signed up in the first few months it was open to the public and CS is virtually nonexistent now IMO

  • see link in my post below

• Seems crazy: You can pay $3,000/month in rent (which is not cheap rent!) and not even have status under the new elite requirements. Can't call Bill stupid for doing this though. Their business model, at its core, is highly unprofitable and so they've decided to align elite tiers to how much someone is actually worth to Bilt rather than how much someone spends on rent.

  Imagine they will keep making it tougher and tougher for someone to pay their monthly rent and cash out Hyatt points without other spend in the Bilt ecosystem.

• I hope that it applies to earning going forward and does not affect those with current tiered status. Shouldn't current status still be good for a year and then drop once one doesn't meet the new requirements?

  • Your tier would reset to these new requirements on 1/1/24 anyway.

    • Thanks Jon. I was able to find the page on Bilt's site assuming this still holds true after the changes...

      Status earned between Jan 1 and Jun 30 each year will expire Jan 31 of the following year. Status earned between Jul 1 and Dec 31 will remain active the rest of the year in which it was earned and the entire following year.

      https://www.biltrewards.com/editorial/post/bilt-rewards-status

• I believe the spending requirement for Platinum is $50,000

• Disclaimer
  I am jealous of the huge 2x transfer bonus that they have run in the past but as I don't rent and am not a blogger with referral links, I do not see a way to amass a large balance of Bilt rewards.

  However all the bloggers love Bilt, which makes me skeptical. The one opposing view I have read certainly gave me food for thought about if this is sustainable... https://www.offthebeatenpoints.com/bilt-has-a-problem/

  • some of those that promote it are partners/owners in the card so be careful.. some of their offers are really good, but i pretty much usually only use it for rent. even their 2x on the 1st isnt as good as some of my other cards