Bilt just lately revamped their bank cards, leaving Wells Fargo and switching to Cardless. The excellent news is that they now give rewards on mortgage funds along with lease. The unhealthy information is that they require lots of non-housing spend so that you can “unlock” these rewards. Total, this system is rather more sophisticated than earlier than, requiring you to fastidiously juggle housing and non-housing spending quantities in your card to make it barely doable to achieve worth above a easy 2% money again card.
Importantly, separate from their unique Bilt factors, that are nice and convert 1:1 to Hyatt factors along with doable month-to-month switch bonuses to different airline packages, they added a brand new factor confusingly referred to as “Bilt Money” which is nothing like money in any respect.
I made a decision to transform to the brand new no-annual-fee Bilt “Blue” bank card as they supplied me a “$100 sign-up bonus”, however this bonus turned out to be in Bilt Money, which I haven’t been capable of redeem for something of worth to me.
On March 1st solely, Bilt is providing a Hire Day switch bonus of between 25% to 100% to Japan Airways. In case you pay them $135 in Bilt Money, they’ll allow you to bump as much as an elevated bonus share. So in case you are on the bottom tier like me and solely get a 25% switch bonus to JAL, I might pay them $135 in Bilt Money and make it a 50% switch bonus. Presumably an excellent use of Bilt Money and a method to make use of up your factors, however once more solely on March 1st.
I want I might clarify the brand new program right here merely, however I can’t. Personally, I’ve gone forward and transformed practically all of my Bilt factors to Hyatt, and can wait and see if issues get higher.