Originally Posted by
notquiteaff
If they did something like Amex where they offer you “at least XYZ” or “up to XYZ” and show you the offer before you submit your final application, that would, I suppose, be an acceptable way to not give everyone a pseudo-SUB. But I have zero interest in signing up for the card without knowing the entire deal.
https://frequentmiler.com/up-to-some...elcome-offers/
The main reason I signed up for this card is the ability to pay rent without incurring fees of, at minimum, 2.9% that my landlord charges. And being here in NYC, that's a lot of points I used to NOT earn that, in one year, will equate to a sign-up bonus on most cards. And the only thing it is 'costing' me is the spend on the 5 charges per month on non-rent spend, which will be very little.
As to the speculation that their business model is sustainable or not...I have no idea. I plan on going to Bilt points first for any transfers I need for flights, and after my first one I will have more than earned any value that I would have gotten by putting those 5 monthly charges somewhere else.
IF this model is sustainable, then to me, this card would be a very good Chase Sapphire Pref killer since the earning rates are so similar and it has no annual fee or foreign transaction fees.