I genuinely think this card and its rewards structure are second to none. That said, I don’t think it’s sustainable long-term. They've already made some adjustments to curb manufactured spending, but it’s still a strong program. Back in the day 
I used to hold off on paying for all catering expenses, which was considered dining (for business), until the 1st of the month—taking advantage of the 6x multiplier. I’d then transfer those points to Hyatt, which once got me over 7 free nights in Honolulu at the Hyatt—a value of around $2,600. I racked up more than 120,000 points in less than a year. But even with the changes, the card still holds up—especially because of its transfer partners. You get 3x on dining, and when transferred to Hyatt, that’s like getting at least 5% back in value, which beats the Hyatt card’s accrual rate.
This is a no-brainer as long as they don’t make further changes that devalue the points. And you also get Wells Fargo's version of cell phone insurance, which is better than what the other guys offer... SO yes, get it.
The strength of this card was, is, and will be the points on rent with no AF. That being said, you need 5 transactions per billing period to receive points (I do rent and 4x $1 purchases). Its other multipliers and perks are decent, especially at no AF, but there are other cards/setups that can beat it. I'd say its a no brainer for people with rent. Could also potentially be a good fit for people want a travel card (lite) without an AF or something with a wide range of categories. They have nerfed it a bit over the past year and a half but I really don't put any non-rent spend on it so it has had no impact to me really, besides losing American as a transfer partner. Then again, having access to transfer partners without an AF is another perk.
@USMCOne wrote:So the bad...the app. The app totally sucks. Its massively cluttered with crap. I noticed in the updates they have made the the most important thing in font as tiny as you can make it ... the balance where as everyone else its the largest and first thing you see. Shame on WF/BILT for trying to hide that.Probably a 10% carry more of a balance then if it was bigger. Then I hate having to put in what my rent/mortage is now before I pay it or it will be rejected. I view both as steps to first not show your balance so you spend more, and the other because they really don't want you to use this product to pay your rent since 90% chance you pay it off after it posts netting them zero interest.
Also its 2025 and why do I have to call in to ask for a credit increase. The information they ask for is easily submitted online.
I agree with all of this. I've only had it 4.5 months so far, but as usual, banking apps are either good and simple like Amex or difficult to use and you hate opening.
In BILTs case, there is so much bull**bleep** I don't want to see. "Redeem your points for this useless cup so we don't loose more money," and everything @USMCOne said.
I am also finding the 1,000 point earning cap very annoying every first, because i could easily buy plane tickets for 3-5 weeks out and save a bit of money but exceed $250 quick.
I would love to use it more, but I now have cards that will grant me earnings without capping me. so if that's what they want, rent and whatever I decide to charge on the first is what they'll get from me.
the app updates are every other day. I don't want to update because they're introducing bull**bleep**. I just updated it 11 hours ago and it wants another.
It's the only rent-bonus card on the market. It's on a major payment network. It has excellent, varied transfer partner options.
No annual fee, no foreign transaction fee, 2x/4x/6x categories on the first of the month. It even looks and feels nice.
It's not the daily driver that it wanted you to think it is. But it's a great card.
That said, I find more value in using the Bilt app to pay with a new card for the sign-up bonus progress, eating the 3% transaction fee. I am only using my Bilt for rent day bonus currently. But if you aren't churning, paying with Bilt is good steady state plan.
