Bilt has communicated with existing customers regarding a Bilt 2.0 credit card. This was teased in the 2025 roadmap. Seems like there are three different tiers, no annual fee, $95 annual fee and $550 annual fee.
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Do they indicate if existing customers would get the new benefits, which would include mortgages, or whether existing customers would just keep the original benefits, which only include rent?
They ran a targeted promo a couple of months back where they waived the rent fee on the Alaska Airlines Visa Signature card while still earning 3x Alaska miles on rent. Might be worth it if they plan on running similar offers or collabs with other programs in the future.
The BILT Trifecta!
Yes! YESS!!
As a landlord with >5k in monthly mortgages, this would be wild
Be there. Will be wild.
If Bilt is going to add mortgage payments, I really hope they also add condo/HoA fees.
U can pay right now and it seems to go through
My understanding is that this is sort of an unofficial hack that doesn’t consistently work. I’m saying that Bilt should make it an official, and consistently functional, part of the program.
The copying of amex credits is really fucked up sply for ppl having many credit cards, how many partners they want to force to use in order to get the decent rewards. Do something innovative and keeping it simple like make 12 on-time rent payments and get 1.75x on all or use some brains that competitors aren’t doing. Offering free PP has already overcrowded lounges and with no restaurant benefit, it’s even worse.
I don’t have the card. My Apt complex charges about $35 to use a credit card, $1.99 to use your bank transfer direct, and free if you write the old school check. 😒
Bilt can generate a physical check.
Bilt will cut and send a check for you if you want. Also, their main thing is providing an ACH and account number so you can use it like a bank transfer. It might still be worth looking into in your situation.
They need to survey people that don’t have the card. IMO Zero fee, 2x catch-all, 1x rent/mortgage. They would own the catch-all market. I would stop using BBP. Most people would sock drawer CFU, BBP, Venture, and Double Cash. They would 10x their customer base and make a fortune in swipe fees.
This guy gets it.
Agreed, but they’ll never do it. This card is about gimmicks and marketing partnerships, not simplicity. The catch-all market is underserved imo from both AMEX and Chase – where you have to get the biz card from AMEX or surrender a half point per dollar with CFU. If you earn primarily for Hyatt, 1.5x is the highest you can get back on a catch all card via CFU. Getting 2x back on Hyatt for everyday spend would be huge for me.
This guy (also) gets it.
I guess I’ll play the devil’s advocate here. Not that I disagree with you on anything principally. No one in the game is gonna say no to another 2x card. But if you have the BBP and CS Plat, you’re earning 2.2% CB everywhere that takes amex. If you have the Citi DC and Rewards+, you’re earning 2.22% CB everywhere. Plus you have the flexibility to transfer those points out to partners (assuming you have the Citi premier). Now, if you’re someone with those two setups, you’re only looking to add the Bilt card if 1) you pay rent (obvious, so the 2x factor is kinda mitigated), and 2) you’re someone who only values earning 2x Hyatt points in place of Chase’s 1.5x opportunity. In other words, this person is only looking to add the Bilt card to make up a 0.5x earning disparity on Hyatt points.
“everywhere that takes amex”
Wassup! isn’t the 90s anymore, Amex is accepted nearly everywhere they accept credit cards. Booyah!
Ya that’s a solid concept there. BBP is the only competitor worthwhile and that’s just because of cs plat/redemption possibilities.
I’ve seen this idea mentioned on a few articles about the Bilt card survey. How does Bilt make enough in swipe fees to be profitable with this setup? You figure new cardholders will make at least 15K points a year from mortgage, some many more. Effectively makes this a 3X+ card.
Every 3% everywhere card that’s been offered has folded or requires other banking products to make the business money elsewhere (Robinhood, US Bank).
Did any other Bilt cardholder not get the survey? like “yeah we’re going to send this survey to people who AREN’T overtly gaming the card”
Check your spam folder. I was able to find it there
Nope!
Poor Joe
The option A no annual fee looks the most intriguing for me to the point I would sign up now if it was available. 4x at Walgreens if it can be used for prescriptions would be nice.
The ones with the annual fee all look like non-starters for me. My rent is $1200/mth so 1.25x on it really isn’t all that enticing.
I don’t have the current Bilt so I’m curious if it makes sense to jump on it now or wait. It sounds like these aren’t finalized so things could change or there could be other things not mentioned here.