I’m inferring that you’re basically stating that Bilt CC is a loss leader which is an excellent point. As a
new loss leader we can reasonably expect benefits to be reduced in furtherance of profits.
Originally Posted by
Smiley90
The people who max out the quasi sub with tax payments are likely a TINY fraction of Bilt users. …
Agreed, although it is conceivable that a tiny fraction of customers could sink a business. Although a Reddit comment stated the quasi-SUB was random, it’s doubtful it’s random for Bilt. Just like any credit card issuer reducing benefits, the only plausible reason for Bilt to reduce (from 10x to 5x) and/or not offer the quasi-SUB is to decrease costs.
Originally Posted by
Smiley90
…I wouldn't extrapolate your experience from that to say it's not sustainable.
That’s only one, of several reasons, I think Bilt’s current business model is not sustainable.
None of us can predict the future, maybe this debate will be settled in a year or 2.
Based on the “any port in a storm theory”, the bottom line for many Bilt users is that Bilt could reduce or eliminate ALL other benefits and we’d still use it to pay rent.