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It’s definitely on the decline, capped bonuses, not as good or frequent transfer bonuses, but it’s been great. Milk all that VC money and Wells Fargo’s gross incompetence for as long as you can before moving on to the next play.
Chief
Yes. It's not worth it if you're a churner because SUBs >>> 1x on rent. For example even with $2k in rent you'd spend over 3 years breaking even against a 75k Ink Unlimited/Cash.
But if you don't churn, it's an easy way to earn points. Probably not worth a 5/24 slot if your rent is low though. Plus there are nerfs coming but we don't know what exactly yet.
Churning refers to opening cards to get the sign up bonus (SUB)- fairly popular strategy for those who play the points game.
In many cases rent can’t be charged to a traditional card, so Bilt is a good option, but if you landlord accepts credit cards signing up for a new card every 3-4 months would yield more points if you were earning a 75k point sub each time.
5/24 is a rule Chase uses - no more than 5 new personal cards in the last 24 months- important rule for those chasing sign up bonuses.
There are some good resources in places like travel on points or the points guy if you want to learn more about points strategy.
User for 3 years. Easiest option possible to accumulate points mindlessly.
Our rent is over $4k, so just applied. Especially as we redeem Hyatt a lot and would be good to transfer these points instead of Chase.
I also redeem my points for Hyatt😊
Enthusiast
Many posts about it on here. All positive from what I've seen.
Pro
I’m looking to get it once they come out with mortgage options soon