Bilt Rewards: New Cards, Old Problems
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bilt Rewards, a company that allowed renters to earn credit card rewards on their rent payments, has undergone significant changes. The new Bilt 2.0 system requires heavy non-housing spending and introduces annual fees up to nearly $500. This shift has led to customer dissatisfaction, with complaints about double rent charges, missing statements, and unauthorized balance transfers. The companys housing rewards system faces challenges due to lower merchant fees compared to everyday shopping. Experts advise potential users to carefully consider their spending and fees, as simpler cash-back options may offer steadier value without the associated hassles.
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