Bilt Rewards is a credit card that currently allows holders to earn points when used to pay rent, without transaction fees. Wells Fargo is the current partner with leaks claiming they're losing $10 million a month on this partnership (source: https://www.forbes.com/advisor/credit-cards/bilt-says-partnership-with-wells-fargo-remains-solid).
The fees have to actually be introduced, an announcement that they will introduce the fees at some later date does not qualify.
1,000It's amazing that Bilt has managed to offer a fee-free rental for so long. If they start charging fees, it might push users to look for better rewards or cheaper options. I like to play games and often look for bargains. For example, when I was comparing online casinos, I found https://casinosanalyzer.com/ and realized that it was the best place to gamble online. It helps users find platforms with the best bonuses and lowest fees. Similarly, credit card users can start looking for alternatives that offer better value. Sometimes you want to play something new and interesting.
It’s interesting to see Bilt introducing transaction-based point boosts. Reward structures like this can make a big difference for frequent users. Speaking of optimizing spending, comparing different credit card perks is just like reviewing online casino bonuses—finding the best value matters. A site like CasinosFest does a great job of breaking down offers in a clear way. Do you think this move by Bilt will push other card issuers to introduce similar dynamic rewards?
Bilt's system is incompatible with paying for rent on Zillow, and some landlords only allow payment to them on Zillow. If a renter find themself pinned in this position, they can email proof of rent payment in to Bilt's support center and get points credited to their account that way.
If Bilt has to manually charge the user a fee after getting the rent receipt to credit points, that might look quite silly from a book keeping point of view.
Ship it. I go with NO.