I've read through the terms and had a friend apply, it seems like SUB is open to everyone. The question mark for me is, if you have an Alaska card, do you still get 3x points at 3% fee? If so, it's probably not worth switching over to 2.0 any time soon.

The tldr on the transaction fee is you need to spend 75% of your monthly rent on your Bilt in order to cover the Bilt cash needed to have no transaction fees. Else, you pay the fee and you earn points or you don't pay the fee and you don't earn points