Originally Posted by
gudugan
So after my Bilt card was *ahem* cancelled I got the Summit at 105k. But ignoring the SUB for now...
If I pay $50k of rent on the Summit (the max), I get 150k Alaska Points
I pay a 3% transaction fee or $1500, and also get 3x on that or 4,500 Alaska Points
If I instead open a new Bilt card in February and for the sake of simplicity spend $50k of rent in the year, I would get 50k Bilt points.
I almost think that 154,500 Alaska points + $1500 is better than 50k Bilt points...
TPG has the most biased valuation since he's a Bilt investor so he would say: 154500*0.0155-1500 = $894.75 vs 50000*.022 = $1100
Not to mention that then I would very easily hit the 100k companion certificate from $60k spend and Atmos Gold (OWS) without flying.
I'm pretty much in the same boat. I have at least 50k of rent per year and value Bilt points at 2 cents per point and Atmos points at 1.5 cents per points. I also have the Summit and a BoA relationship, so I'm earning 3.1 points on my Bilt rent transactions paid via the Summit card.
Paying rent with the Summit card until the 50k cap (consisting of 48500 or so in rent, 1455 or so of transaction fees) nets me 49,955 points * 3.1 multiplier *.015 cents per point - 1455 transaction fees = $867.91
Paying with Bilt 1.0 nets me 48500 * .02 or $970.
I'm assuming Bilt 2.0 is not going to be 1 to 1 rent to points without either some higher level of minimum transactions or spend or an annual fee, and so Summit is going to be about the same or better than Bilt, even before accounting for the 50k of progress towards the 100k companion certificate and the status points. So, I'm going to wait and see what 2.0 looks like but assuming they don't change anything with the Summit/Bilt relationship I'm almost certainly going to continue paying my rent via the Summit card most months of the year. I'll probably use Bilt for the remaining months or use my rent to hit a SUB or to get EQN for Hyatt if needed.