Originally Posted by
Dr Jabadski
Highly confusing regarding how to pay rent and/HOA fees (with the new cards) without transaction fees, seems it will only be possible if one redeems Bilt Cash to pay transaction fees.
It is 100% offset by Bilt Cash. They are charging a 3% transaction fee, so at 4% Bilt Cash on every purchase you'll need to spend 75% of your mortgage/rent payment each month for it to be break-even.
Using a $2,000 mortgage/rent as an example it would cost $60 in fees to pay that each month.
Spending $1,500 month earns you $60 in Bilt Cash at 4%.
There will be an automatic application of Bilt Cash during the mortgage payment process.