Disclosure: I serve on an advisory board for Bilt.
In a disappointing turn of events, Bilt has reduced the cap on the number of bonus points you can earn on Rent Day (the first of the month). On Rent Day, cardholders are able to earn double points on non-rent spend. Since Bilt launched the monthly promo, cardholders have been able to earn up to 10,000 bonus points per Rent Day.
That cap will be reduced to 1,000 bonus points as of October 1, 2024.
There's no sugar coating it, that's a rough 90% reduction.
Points Wire Note:
While I doubt the majority of cardholders are spending $3,333 at restaurants, $5,000 on travel, or $10,000 on non-bonus categories, this change still hurts. Many cardholders made a point to pay bills on Rent Day to earn double points. Others timed large purchases they needed to make to earn extra points.
If you ask me, this change was aggressive. I can appreciate a change might have been necessary, but a 90% cut seems drastic.
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