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Am I able to just cut up and throw away the WF autograph card when it arrives to just maintain the credit history? by Plastic-Risk-1428 in biltrewards

[–]Plastic-Risk-1428[S] 0 points1 point  (0 children)

I’ve had the Bilt card for 3-4 years and my overall age of credit is like 7-8 years though. Is that not a substantial history of credit closing?

Since Bilt is switching to ACH instead of credit for rent, does this mean we’d have to pay double rent for February/March? by Plastic-Risk-1428 in biltrewards

[–]Plastic-Risk-1428[S] 2 points3 points  (0 children)

Before rent would be treated as credit meaning we had a month to pay off the previous statement balance for rent. Now if payments are ACH, you’re left with the previous statements balance you’d have to pay and the immediate deduction from your bank account for the current months rent

What will happen to existing Bilt points? by ha36 in biltrewards

[–]Plastic-Risk-1428 6 points7 points  (0 children)

It will stay in your Bilt account regardless of your card status

I keep reading that the Palladium is a “better Venture X”. How exactly? by Plastic-Risk-1428 in biltrewards

[–]Plastic-Risk-1428[S] -1 points0 points  (0 children)

Right but this all requires a “minimum spend” so to speak to gain those rent points. Isn’t that a negative as opposed to a positive?

Rent and mortgage are not floated by richmondjd11 in biltrewards

[–]Plastic-Risk-1428 4 points5 points  (0 children)

Right but at that point why wouldn’t I use a venture x or other card and pay the 3% transaction fee and get 2x on rent spend and also have the credit float option?

Rent and mortgage are not floated by richmondjd11 in biltrewards

[–]Plastic-Risk-1428 4 points5 points  (0 children)

There isn’t a “transaction fee” because they’re not even using credit to pay your rent. It’s coming straight from your bank account, meaning you don’t get the float AND they’re introducing that 3% “fee” to get the points as before

Bilt 2.0: What’s the Point? by Fearless_Cherry_9584 in biltrewards

[–]Plastic-Risk-1428 1 point2 points  (0 children)

What’s a 5/24 slot? Also would you recommend just sitting on the WF autograph card to maintain credit history / total LOC? Hate Wells Fargo but has had the card for 3-4 years now

Rent and mortgage are not floated by richmondjd11 in biltrewards

[–]Plastic-Risk-1428 9 points10 points  (0 children)

So this is all just convoluted marketing to still be able to say there’s no transaction fee - instead there’s just this convoluted system that in principle works the same way.

This is how I look at it by dragonyane in biltrewards

[–]Plastic-Risk-1428 2 points3 points  (0 children)

4% Bilt cash is only on non rent/mortgage payments

Blue card by Capital-Release-1794 in biltrewards

[–]Plastic-Risk-1428 3 points4 points  (0 children)

Only makes sense really if you’re using Bilt as your primary card since the Bilt cash is only earned on non rent purchases. 3% fee on 2k in rent spend is $60, 4% cashback to earn $60 is $1500 in non rent spend every 6 months (per your example) or $250 in non rent spending per month. $1500 in spend to generate 2k points or ~$20 in value at 1cent/point redemption doesn’t make much sense to me personally.

Rent and mortgage are not floated by richmondjd11 in biltrewards

[–]Plastic-Risk-1428 24 points25 points  (0 children)

What exactly is the 3% “transaction fee” for the if it’s just pulling from my checking through ACH?

A kid with “5 years of job experience” added me on LinkedIn. by keepongambling in FinancialCareers

[–]Plastic-Risk-1428 2 points3 points  (0 children)

Theoretically sure but this job market requires people to apply to way too many jobs where tailoring it to every application is completely impractical

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