Originally Posted by
josephstern
They give people the ability to finance rent. And potentially make a lot of money on those finance charges. Seems like a big money-making possibility to me….
Good point, I overlooked the (likely large) number of people who carry significant credit card debt, which is so different from those of us fortunate enough to be able to pay all balances in full (and thus MS and churn SUBs to the extent possible).
Originally Posted by
josephstern
…transferred to Hyatt anytime … over 1,000 points. ...
That was my plan, which I’m now reevaluating (particularly for my quasi-SUB Bilt points) after reading your comment and researching this reply.
Originally Posted by
josephstern
… possible transfer bonuses ...
Thanks for the heads up. I found the quotes below which might be of interest to those who have now been following Bilt.
(View From the Wing 8/1/23) They’ve run 100% transfer bonuses in the past to IHG, Hawaiian, and Air France. This transfer bonus is up to 150% (to Virgin), and no one other than Bilt has ever run a 100% transfer bonus to a 1:1 transfer partner before. (In 2008 Delta accidentally ran a 150% bonus on partner activity, which included Membership Rewards transfers, but then shut that down quickly though they did honor it.)
(The Points Guy 6/14/23) Bilt Rewards has historically offered some of the best transfer bonuses we've seen during Rent Day (the first of every month). This includes a 100% transfer bonus to Air France-KLM Flying Blue and HawaiianMiles.
Originally Posted by
josephstern
… definitely a risk.
Agreed, still working on determining the relative level of that risk.