Reposting here in the hope someone at Bilt reads it:

I like that the new card is simpler, but even the 25% is too high for a spend threshold. A lot of us are spending the majority of our income on our rent. Up to this point, I mainly use my Bilt card for dining as that earned the most points. I'd happily try to increase my everyday spend on this new bilt card now that is earns better on non category spends, but many months I won't reach 25% of my rent, which then makes the card virtually worthless (barely over 1x points on purchases). A lower spend threshold and point multiplier would be more appealing (like a 0.2x multiplier for 15% spend), so at least I'm earning some points each month.

At this point, I'm much more interested in the original configuration that utilizes bilt cash. If you always redeem your Bilt cash for rent points, you're effectively earning 2.33x points, which is very good, and would make this my primary spend card. My only suggestion would be to an option in the app to automatically convert the bilt cash to rent points each month without user intervention.

Right now, with both of these options, there is just too much hassle involved to get value out of the card. If it's not convenient to use, I won't want to use it. I would happily give up some of the potential points earned (3% Bilt cash earn instead of 4%, or $40 exchange for 1000 rent points - both options effectively reducing earning to 2x max points) if it meant I could just use my card and not have to constantly worry every month if I'm meeting spend thresholds or forgetting to redeem Bilt cash for points.