Credit Cards

Category Archives for Credit Cards.

Bilt Rewards Raises $150 Million, Hits $3.25 Billion Valuation – Critics Still Doubt

Aug 02 2024

Bilt is valuable because they have access to valuable customers – young urban professionals, upwardly mobile – that everyone wants to reach and fails at. They have that access where they live and they built a valuable and engaging program to reach them.

In other words, they’ve come up with a novel approach to the distribution problem that everyone is struggling with.

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Bilt Rent Day: Virgin Cruise Deal, Blade Helicopter Party, And Discounted Fine Dining

Jul 26 2024

Bilt’s monthly Rent Day deals have been revealed, and this month they have an offer on Virgin cruises; a Blade helicopter party; fine dining access at a discount; along with the usual double points on their credit card, SoulCycle offers and a game show to win cash for rent.

I really like the dining deals. I prefer when they have 100%+ transfer bonuses to airlines and status deals. But you don’t get those every month!

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Bilt Is Dropping Their Legacy Credit Card Portfolio, I Just Applied For A Wells Fargo Card And Got A Bonus

Jul 11 2024

I first got the Bilt Rewards Mastercard in November 2021. When the program launched they were with another bank, and launched with Wells Fargo in March 2022. Wells didn’t buy the back book. I suspect the lack of revolve by cardmembers – early adopters like me aren’t a super profitable bunch! – led to this decision.

So there have been Bilt credit cards from two different issuers, although all new cards over the past 27 months have been Wells Fargo cards.

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