Category Archives for Credit Cards.
You earn 2 miles per dollar on purchases. That’s the rate I like for all of my spending that doesn’t earn a bigger bonus with other cards, which means the bulk of my spending. I use Capital One for spending because they reward me more. The Venture card has the same primary earn rate and redemption options as the premium Venture X card.
Chase is updating benefits with Lyft. That’s no surprise because merchant-funded offers are always going to change. We don’t know the exact arrangement between Chase and Lyft.
Bilt’s April 1 Rent Day feature is a points transfer bonus up to 100% to British Airways, Iberia and Aer Lingus. Since Iberia business class between the U.S. and Europe starts at 34,000 Avios one-way, that means business class across the Pond from 17,000 Bilt points.
AOC and Anna Paulina Luna have teamed up to take credit away from poor people. They’ve introduced legislation that would cap credit card interest rates at 10%, below the level they’ve ever been. That might allow card financing to remain in place for customers who are near-certain credit risk. It means extending credit to borrowers less able and certain to pay back would not be viable.
Bilt Rewards is back with its Rent Day offers for March 1. The headline here is a Hilton Honors transfer bonus: 150% for general members, and 200% for anyone with Bilt Rewards status. A 200% transfer bonus means 3 Hilton points for every 1 Bilt point transferred.
Capital One has added JetBlue TrueBlue as a miles transfer partner. JetBlue had been a partner up until October 24, 2021.
What Bilt has done is found a way to solve the distribution problem. Card companies pay airlines billions of dollars for help finding customers. Bilt spun up from scratch, created a brand and pipeline for finding customers that partners are interested in reaching. They want to earn Bilt’s points and benefits. And that is worth billions of dollars.
Bilt Rewards is surveying cardmembers about an overhaul of their product. Today they’re the card that earns points on rent, but they’re almost certainly looking to get consumers using the card for more spending. They’ll be adding points for mortgages, which is amazing. And their points are the most valuable out there.
Now we know what they’re thinking about for Bilt Card 2.0.
Bilt Rewards shared that they would introduce points-earning on mortgages, that there would be a new credit card value proposition, and new benefits coming.
Now they’re out to members with a note describing an upcoming survey about changes they’re considering to the Bilt credit card – that will be going out in the next 48 hours.
Bilt Rewards is back with its Rent Day offers for February 1. The headline here is up to a 100% transfer bonus to Star Alliance program Avianca LifeMiles.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
