We’ve known that Bilt intends to introduce new credit cards soon, with details expected for release on January 14th, but someone found some code on a website that’s got the community stirring, speculating about what it could mean. (Read more about leaked Bilt card details here).
Leaked Bilt Card Details…Maybe
Watch here:
Or listen here (or click “Follow” on the player below to select your preferred podcast app instead):
(01:03) – Ad disclosure
(01:55) – Leaked details… maybe
(03:05) – Bilt Blue Card
(03:42) – Bilt Obsidian Card
(04:42) – Bilt Palladium Card
(06:20) – What’s this Bilt Cash all about?
(13:48) – Nick’s assessment
(17:30) – Greg’s assessment
Visit https://frequentmiler.com/subscribe to get updated on in-depth points and miles content like this, and don’t forget to like and follow us on social media.
Music Credit – Beach Walk by Unicorn Heads
Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.
Great episode. Thanks for the FM cash, although mine expired in 5 minutes.
(BTW, assuming the pronunciation is the same as the element, it is puh-LAY-dee-um.)
Here’s the thing I fundamentally don’t understand about these cards: Bilt has created arguably the most valuable transferable point currency: Bilt Points. As a points-and-miles hobbyist, I’m always looking for the best way to earn points and miles. But instead of focusing on ways to earn Bilt Points, these cards incentivize us with Bilt Cash, which is not a transferable points currency. I’m interested in Bilt because I want to transfer points to Hyatt or Alaska and have a fantastic vacation. I’m not interested in getting a discount on my next Lyft ride. If these rumors are even remotely close to true, this is a big miss in my book.
One thing to consider after some time thinking about these leaks. Bilt points get a boost in valuation from their tiered transfer bonuses. If you are putting sizable spend on the cards or get Palladium for the automatic Gold status, you’ll get the higher end bonus that could be an extra 75% or 100% moved to a partner. All speculation of course that those will continue – but I wonder if Bilt cash gets any kind of status bonus. If not 1X Bilt points becoming say 2X Aeroplan points from a 100% transfer bonus could be more valuable than the 3% Bilt cash given up to earn those points on rent or mortgage.
I agree with what you guys say, as a replacement for the old Bilt card it’s kind of mediocre but something with 4% bilt cash back in addition to points seems really good just for normal spend. We’ll have to wait to see how useful the bilt cash is in practice, but if it’s even somewhat easy to use then this could be a killer general purpose card.
I have a sneaking suspicion that the Bilt Cash earn rate is 0.4% as opposed to 4%.
That’s a magnitude of difference I’d find hard to believe. 4% is quite enticing to where I can see skepticism if that will be real, but 0.4% would mean spending nearly 3X your rent (or mortgage) per month on a Bilt card to offset the fee for rent earnings. Even on a low cost rent that amounts to around $5K a month, more than many people have in total monthly spend.
Really looking forward to Bilt 2.0. Housing payment aside, this is a card that earns 2 points and 4% bilt cash per $1. Even if bilt cash is valued at 50%, that still 4+% return on all spending.
2X everywhere plus essentially free Lyft rides on domestic travel sounds great (if the 4% bilt cash works 1:1 for that).
Kudos for the ’emergency’ podcast!
And BILT just emailed: “Don’t wait: Use your A$AP Rocky vinyl credit” … ahh, priorities.
Oof, the pre-recorded BILT ad on the audio podcast. LOL.
For real, thank you for ‘keeping it real’ and still allowing comments, including heated debate and critique… (unlike those sell-outs over at TPG, who gave up on the ‘community’ years ago.)
>50% of TPG articles are complete fluff probably by AI to post more affiliate links
There’s no need to issue insults.
Who’s offended? TPG deserves the hate.