Originally Posted by
Clemson
TPG posted a Q&A with Richard Kerr from Bilt. In it they mention that in addition to capping rent day bonus points at 1k (down from 10k), they are also removing tax payments from eligibility for bonus points. I actually scoured the email and the terms and conditions they currently have posted for rent day and for the card in general and don't see any mention of this. I'm surprised - I get that people (including me!) were using this to make large tax payments but it seems unnecessary to do this since they're capping the bonus points at 1k anyways.
“We discovered that bonus points on tax payments during promotions accounted for 20% of our bonus category costs, yet only 0.8% of cardmembers (or 0.12% of our total members) use the card for taxes.”
I wonder if the change also applies to the 5X promotion when people get a new Bilt card. Tax payments would have been the way for me to rack up a ton of charges in the first five days.