Should You Get a Bilt Card Before 2027? Analyzing the Trade-Offs
With a Bilt Cash devaluation on the horizon, should you secure a Bilt Card now? We break down the implications for points travelers and the math behind the decision.
- Rent Payments: The primary feature of the Bilt Card is the ability to earn points on rent payments. This is a unique offering that can help renters accumulate points without additional spending.
- Gift Cards: Bilt points can also be redeemed for gift cards at various retailers, providing flexibility in how you use your rewards.
- Travel Redemptions:
- Rent Payments:
With the impending devaluation of Bilt Cash set for 2027, many travelers are weighing the decision to secure a Bilt Card now. The implications of this choice can significantly impact your points strategy.
What does the 5/24 rule mean for you?
The 5/24 rule is a guideline used by Chase that limits the number of new credit cards you can open within a 24-month period. If you’ve opened five or more cards in that timeframe, you may find it challenging to get approved for new Chase products, including the Bilt Card. This makes timing crucial for those considering the Bilt Card, especially with the looming devaluation.
Is the Bilt Card a good investment now?
For those who are already over the 5/24 threshold, the answer is relatively straightforward: yes. The Bilt Card allows you to earn points on rent payments, a category often overlooked in traditional rewards programs. This can be particularly advantageous for renters looking to maximize their points earnings.
However, for those under the 5/24 limit, the decision becomes more nuanced. The Bilt Card offers a unique opportunity to earn points without the typical spending restrictions associated with other cards. Yet, the impending devaluation means that the value of those points could diminish significantly by 2027. This could make it less appealing to lock in a card now, especially if you have other cards in mind that could offer better long-term value.
What are the sweet spots in the Bilt Rewards program?
Bilt Rewards has several redemption sweet spots that can maximize the value of your points. Here are a few key areas to consider:
- Travel Redemptions: Bilt points can be transferred to travel partners like American Airlines, Hyatt, and United, often at a 1:1 ratio. This can yield significant value, especially when booking premium cabin flights or high-end hotel stays.
- Rent Payments: The primary feature of the Bilt Card is the ability to earn points on rent payments. This is a unique offering that can help renters accumulate points without additional spending.
- Gift Cards: Bilt points can also be redeemed for gift cards at various retailers, providing flexibility in how you use your rewards.
How to calculate the value of your points?
Understanding the math behind your points is crucial. Here’s a simple framework to evaluate whether to get the Bilt Card now:
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- Determine your average monthly rent payment. For example, if you pay $2,000 in rent, that translates to 2,000 Bilt points each month.
- Calculate the annual points earned from rent: 2,000 points x 12 months = 24,000 points.
- Evaluate the potential value of those points. If you transfer to a partner airline or hotel, you might achieve a value of 1.5 cents per point or more, equating to $360 in value annually.
- Consider the devaluation. If Bilt Cash loses value in 2027, your points might only be worth 1 cent each, reducing your annual value to $240.
This simple math illustrates the importance of timing and the potential impact of the devaluation on your overall rewards strategy.
Who should act now, and who should wait?
Ultimately, the decision to secure a Bilt Card now depends on your current credit card situation and your travel goals:
- If you are over 5/24: Act now. The Bilt Card can be a valuable addition to your portfolio, especially for renters.
- If you are under 5/24: Consider your options carefully. If you have other cards that offer better long-term value or align more closely with your travel goals, it may be worth waiting.
- If you are a frequent traveler: Evaluate the transfer partners and potential redemption values. If you can maximize your points through strategic transfers, the Bilt Card may be worth the investment.
Frequently asked questions
What happens if I wait to get the Bilt Card?
If you wait and the devaluation occurs, you may miss out on the opportunity to earn points at their current value. However, you may also find better cards that align with your travel goals.
Can I transfer Bilt points to other loyalty programs?
Yes, Bilt points can be transferred to various airline and hotel loyalty programs, typically at a 1:1 ratio, which can enhance their value significantly.
What should I consider before applying for the Bilt Card?
Consider your current credit card situation, your travel goals, and the potential impact of the Bilt Cash devaluation. Evaluate whether the Bilt Card aligns with your overall rewards strategy.
Are there alternatives to the Bilt Card?
Yes, there are many credit cards that offer strong rewards on travel and dining. Depending on your spending habits, you may find a card that better suits your needs.
About the author
Published
Zoheb Alvi covers points strategies, fare deals, and travel optimization for the Pointify blog.
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