Bilt Card 2.0
Bilt sent out an email last night, noting that after feedback from Bilt Rewards members, they are laying the foundation for Bilt Card 2.0.
Here are some of the things Bilt in focusing on, based on that email:
- Earning points on housing, whether you rent OR own. Today, you can earn points on rent payments. With 2.0, we’re working to make it possible to earn points on mortgage payments, too—a big leap forward for homeowners and renters alike.
- Ensuring long-term value for everyone. Waiving the standard 3% card fee on rent payments represents a significant cost to the program—and unique value that we provide to Bilt cardholders. Ensuring this benefit goes to members who genuinely engage with our broader program—rather than those taking advantage of loopholes—will allow us to continue delivering long-term value for our entire cardholder community.
- Bringing even more value to your neighborhood. We’re focused on expanding the ways your card connects you to your local community through exclusive rewards in our Neighborhood Benefits program. We’re working on expanding to new neighborhood spend categories and on more innovative solutions like what you saw with our automatic FSA/HSA savings benefit.
- More options, tailored to you. We’re exploring new card tiers, from a no annual fee option to premium fee-based cards. Whether you’re saving for a down payment, maximizing travel rewards, or looking for other premium benefits and credits, we’re designing options that match your goals. It’s clear that our one-size-fits-all approach to the Bilt Card needs to evolve.
- A more seamless card experience. We’re working to make it easier to manage your card with improved self-service capabilities, from adding authorized users to setting up auto-pay, all designed to work effortlessly within the Bilt app. Managing your account should be as simple as earning your rewards.
Guru’s Wrap-up
Bilt has already revealed that they are working on bringing points earning for mortgage payments. It looks like that will happen once the program is updated. So that’s nothing new there.
The next point talks about the 3% card fee on rent payments, which is a feature of the Bilt Mastercard. Bilt notes that this comes at a huge cost, so we might see some changes there on how it works. Maybe you’ll need to make more transactions monthly to actually keep these no-fee rent payments. But hopefully they don’t do away with it, or make it a feature on premium fee-based cards which are mentioned in the email as well.
Let me know what you think, or hope will happen!
Credit: Source link
