Bilt 2.0 is a Total Disaster: Why I’m Done.

Thanks to Monarch for partnering with me! Get 50% off your first year by using my link https://monarchmoney.yt.link/Otf0pXT or discount code reese50 when signing up for a free trial! Welcome to calm, confident money! #monarchpartner. Click “Show More” to see Ad Disclosure. Is the Golden Age of rent rewards officially OVER with the new Bilt 2.0 program? Well, for many, the "honeymoon phase" with the Bilt credit card and its rewards program just hit a brick wall. With the transition to Bilt 2.0 and the new card lineup (Bilt Blue Card, Bilt Obsidian Card, and Bilt Palladium Card), what used to be a "no-brainer" for renters has suddenly become a massive math problem that most of us are having difficulty grasping. I’ve spent a bunch of time digging into the new terms, and honestly? Some of these changes are a total gut punch to long-time cardholders (but there is still value - even good value - for some people). Before you hit that "Upgrade" button in the app or submit a new credit card application, we need to talk about why this might a "nerf" in credit card history disguised as a "premium upgrade." We’ll go over many of the new Bilt 2.0 changes / problems, but here’s a look into 3 Red Flags You Can't Ignore: The "75% Spend Trap": In the old days, you did your five transactions and got your 1x on rent. Simple. Now, to "unlock" your full rent or mortgage points without a 3% fee, Bilt 2.0 uses a tiered system tied to your non-housing spend. For most of us, this means you might have to spend up to 75% of your rent amount on everyday purchases just to get the same points you used to get for free. The Death of the "Credit Float.” Bilt 2.0 now requires rent or mortgage payment to be pulled directly from your bank account within 24 hours. In the past, you could use your credit limit to "float" your rent until payday without interest, but that era is officially over. The $495 "Monthly Chore" (Palladium Card): The new $495 Palladium card looks shiny, but the "value" is buried in high-friction credits. That $400 hotel credit? It’s split into $200 semi-annual chunks and requires a two-night minimum stay through their portal. And for those Bilt Cash redemptions? Many of them resemble coupons whereby you can get up to $5, $10, or $15 off certain types of purchases per month. Watch the full breakdown to see if you should jump ship or double down on the new Bilt 2.0. BILT 2.0 CALCULATORS 🔵 MaxMilesPoints: https://www.maxmilespoints.com/bilt-calculator 🔵 nextcard: https://nextcard.com/tools/bilt-calculator VIDEO SPONSOR 💸 Monarch | Manage Your Money Like a Pro! https://monarchmoney.yt.link/Otf0pXT TOP BANK ACCOUNTS (HIGH-YIELD) 🏦 https://markscreditcards.com/bankaccounts TOP CREDIT CARD OFFERS 📱 MaxRewards - Manage your cards (promo code = markr): https://markscreditcards.com/maxrewards 🚨 Get Offer Alerts! https://markscreditcards.com/offeralerts 💳 View Offers! https://markscreditcards.com/offers ✈️ Point.me - Maximize your points! https://markscreditcards.com/point.me TOP CASH BACK OFFERS 🛍️ Rakuten (Get $30 or 3,000 Amex Points!): https://markscreditcards.com/rakuten 🛍️ TopCashback (Get $10!): https://markscreditcards.com/topcashback TOP INVESTING LINKS 📊 Webull (Get 6+ Free Shares!): https://markscreditcards.com/webull 📊 Robinhood: https://markscreditcards.com/robinhood 📊 Public: https://markscreditcards.com/public 📊 Wealthfront: https://markscreditcards.com/wealthfront 📊 Acorns: https://markscreditcards.com/acorns ------------ 🎬 CHAPTERS 00:00 - Intro 00:40 - Problem 1 1:46 - Problem 2 2:24 - Problem 3 6:48 - Problem 4 7:44 - Problem 5 11:05 - Problem 7 12:49 - Problem 8 13:53 - Problem 9 14:53 - Problem 10 15:52 - Problem 11 18:32 - Problem 12 19:56 - The Big Takeaway 20:18 - Who Is Bilt Good For? 20:56 - Who Is Bilt Bad For? 21:36 - What I’m Doing 22:43 - You Need to Know This Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as YourBestCreditCards.com, My Wealth Wallet, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the recording / posting date. Some of the offers mentioned may no longer be available and/or may not be available to all users. The content should not be taken as financial advice; it is an expression of opinion. Please do your own research before making a decision to apply for a card or act upon any of the information provided. #creditcard #creditcards #bilt