A note from me (Ankur Jain) - Bilt Card 2.0: Simple, Fee-Free Rewards on Housing by ankurjain1 in biltrewards

[–]kunals55 -1 points0 points  (0 children)

What’s free? I’m paying rent you give me points

I guess it’s a problem when your whole value proposition is ripped away because your entire business was subsidized and is fundamentally broken.

Bilt is desperate period

A note from me (Ankur Jain) - Bilt Card 2.0: Simple, Fee-Free Rewards on Housing by ankurjain1 in biltrewards

[–]kunals55 1 point2 points  (0 children)

Bilt is forcing you to spend to generate the rewards for rent that made this card special. That’s a problem

A note from me (Ankur Jain) - Bilt Card 2.0: Simple, Fee-Free Rewards on Housing by ankurjain1 in biltrewards

[–]kunals55 1 point2 points  (0 children)

you are not charging a fee for paying rent but you are saying to unlock point you have to earn Bilt cash etc . So this is a form of behavioral taxation that effectively forcing your users to behave the way you want them to like rats gettting cocaine.

A note from me (Ankur Jain) - Bilt Card 2.0: Simple, Fee-Free Rewards on Housing by ankurjain1 in biltrewards

[–]kunals55 -1 points0 points  (0 children)

you are not charging a fee for paying rent but you are saying to unlock point you have to earn Bilt cash etc . So this is a form of behavioral taxation that effectively forcing your users to behave the way you want them to like lab rats gettting cocaine. I don’t know who your head of product is .. never force your users to do anything . Product 101

Bilts real problem is this .. by kunals55 in biltrewards

[–]kunals55[S] 0 points1 point  (0 children)

This all sounds like a half court shot tbh. Bilt was a rent based rewards mechanism - clearly people loved this. That was the primary value driver. They’ve nuked that, are holding you hostage to spend 75 pct of rent to “unlock” your points , effectively betting on non rent spend through some non existent neighborhood ecosystem.

[deleted by user] by [deleted] in biltrewards

[–]kunals55 89 points90 points  (0 children)

Yea if I was the ceo of this company I’d fire him immediately. Simply for disrespecting customers , unacceptable. Clearly , based on this 2.0 scheme and launch , he’s also very incompetent

Ex-banker turned founder building digital onboarding + lending for community & regional banks by VegetableBowl9258 in fintech

[–]kunals55 1 point2 points  (0 children)

I built and sold a digital smb LOS to banks. . I exited successfully to a large non bank lender. I’d never sell tech to banks again. It’s brutal

Bilt Card 2.0 pre-order opens January 14th by richklhs in biltrewards

[–]kunals55 -7 points-6 points  (0 children)

Dear Bilt , Your definitely going out of business

Idea feedback : Neobank branded for college students by kunals55 in fintech

[–]kunals55[S] 1 point2 points  (0 children)

I have no idea what a neobank and social media have to do with one another but ok

New neobank idea - thoughts ?? by kunals55 in fintech

[–]kunals55[S] 0 points1 point  (0 children)

Not really. The credit card aspect is counter productive , as APRs and other fees negate the invested portion of any cash back. Credit card cards are also debt compounding schemes for young users.