Category Archives for Credit Cards.
What’s new is that they’ve introduced points transfers to hotels and airlines. Their CEO tells me “We will be adding many more transfer partners and other amazing redemption options in the coming months.” In the meantime these are the launch partners…
Before Bilt, most people did not earn rewards for their single largest expense. Soon they’ll offer points for paying mortgages, too.
Chase is offering Sapphire cardmembers a big boost in value when redeeming points for premium cabin flights through Chase Travel, however the offer is not showing up in my account.
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.
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 »
