Originally Posted by
josephstern
Extrapolating from FT to the rest of the population ...
Not sure if that’s directed at my immediately preceding comments but if so, it’s an incorrect inference. I neither stated nor implied extrapolation or comparison of FTers to others, I merely wrote that (I think) “Bilt cardholders are probably less likely to carry a balance” (and described my experience with the quasi-SUB).
Originally Posted by
Zodiac
… The earlier FTer who charged 12.5k to the card during the 5-day period has got to be an exception rather than the norm, I have zero doubts about it….
Disagree.
Originally Posted by
sedubby
(April 2022) … put $20k in estimated tax payments on it….
Originally Posted by
NYC Flyer
(August 2023) Estimated taxes worked for me.
Originally Posted by
josephstern
(August 2023) Same for me.
There are also several more reports of the same thing on Reddit.
Originally Posted by
Zodiac
… the majority of any credit card company's customer base is nothing like the typical participants of forums like FT or r/churning on reddit.
Agreed. And the majority of Bilt’s customer base is unlike other traditional credit cards and/or typical participants of forums like FT or Reddit.
Originally Posted by
Zodiac
… r/churning … .
“r/churning” ?
Originally Posted by
notquiteaff
Sorry, I was aware of those (participated in the discussion even). Should have asked if Doc was aware of data points beyond what we saw reported here.
mia is correct, at the time of that post I was referring to those 2 posts. In preparing this reply, I saw a few Reddit reports of no 5x/5 day offer. I also saw the quote below from this thread and a couple of Reddit comments stating the 5x/5 day seems to be random.
Originally Posted by
josephstern
BTW, in reviewing this thread in preparation of this reply, I saw multiple references in April 2022 of a 10x/5 day quasi-SUB and first report of 5x/5 day in August 2022 vice the very recent bupkis. Further evidence of Bilt successive cost cutting in the early stages of its existence.
Possible unsustainability has been discussed on this thread for a long time:
Originally Posted by
eponymous_coward
(April 2022) … LOL, that kind of stuff for a no annual fee card that makes money on transaction fees and landlord signups? … Nobody is going to make money with 5x travel/gas/groceries with all points having a cash value of 1.5 cpp. A SUB with cash value of $1500 on a no AF card is insane. Even AMEX doesn’t give away the store like that on cards you have to pay a collective $1k for in annual fee. All it’s going to “win” is a trip to bankruptcy court for whatever bank that’s stupid enough to do that.