Agreed, 5/24 considerations were my main “cons” to my application for a Bilt MC but I bit that bullet about a year ago and applied (successfully). I use the card only for my monthly HOA charges and 5 other small ($5-$10) charges per month, I maintain a minimal Bilt balance, regularly transfer 2000 or 3000 points to a partner program.

My main “pros” were/are:
- The prospect of ending the intense annoyance of a significant (approximately 10% of my annual credit card charges) monthly payment being non-pointsetized*.
- Once I decided it would be a one-time application (not churned), I viewed it as taking (not wasting) a 5/lifetime slot (not a 5/24 slot). It only counts toward 5/24 for 2 years and this game is a marathon, not a sprint.

Much as I think Bilt’s business model is not sustainable, I do think it will last for at least another few years. With any luck, Bilt will motivate competitors, maybe Chase or AmEx, to start a similar process (to pointsetize rent and HOA payments).