Trying to figure out the "rent/mortgage" and daily spend relationship. The below was pulled from a blog.
Assuming 1 point per dollar for rent/mortgage and 2x on daily spend (Bilt Palladium Card)
Rent/Mortgage: $10,000 (10,000 points)
Daily Spend: $7500 (15,000 points)
Total Month Earned = 25,000 points?
If this maths out, it seems like a nice card for those with high rent/mortgage.
I have personal mortgage and office rent, and 1.0 did not allow office rent to be paid.... fingers crossed if BOTH can be paid with this new card.
$1,500 in everyday purchases, $2,000 in rent per month
Now, let's say you make double the amount of everyday purchases on a Bilt card than in the first example ($1,500). At a 4% Bilt Cash earning rate, you're earning $60 in Bilt Cash each month.
In this scenario, the $60 in Bilt Cash allows you to earn points without fees on your entire rent payment of $2,000.
Think of this amount as the "break-even" point on these cards. More specifically, if you spend at least 75% of the amount of your housing payment on everyday purchases on a Bilt card in a given month, you'll have enough Bilt Cash to earn points on the full amount of your rent or mortgage without paying a fee.