I've been testing out a card by a newer company called Bilt for the last several months. They are the first (and only) card company where you can earn points on your rent or mortgage payments. That was my main use case for getting their premium card along with the generous sign on bonus, but it's a pretty awesome card in general for everything (except for taxes ironically).
Points can be converted to various hotel programs and 15+ airline partners, including Alaska Airlines... my go to at SJC. Southwest is also a partner as well as United, JAL, British Airways, Etihad, TAP Air Portugal, United, Cathay Pacific. and Emirates. Because of the flexibility, the points are worth roughly 2 cents each. You also get 4% back in "Bilt Cash" on purchases which you can exchange for more points, gift cards, etc. I value these at about 50 cents on the collar, so call it about 2 cents per dollar you spend.
So in essence, between the 1x points and 4% Bilt Cash, the Bilt Blue Card with no annual fee gives you 4% back on ALL purchases you make (except for taxes) and you can earn points on you rent or mortgage. The $99/year Bilt Obsidian also gets you 8% off Dining OR Grocery, and 6% off all travel purchases. Lastly, the $499/year Bilt Palladium gives you 6% off everything. You can only pick one of the three, I went with the Palladium since it's the absolute best card you can get for non-category spend. The AMEX Platinum is still the best for flights, AMEX Gold is the best for restaurants, Chase Sapphire Reserve is the best for Hotels. For everything else, this is the new king of the hill.
As an added bonus, you get additional points with Lyft, Walgreens, and several other partners including many San Jose restaurants. These include:
- Downtown - San Pedro Social, District, Farmers Union, Serious Dumpling, and Teske's Germania
- Santana Row - LB Steak, Seft Bank, El Jardin, Momosan, Zazil Cocina, Meso, and Suspiro
- Willow Glen - John's, Stacks, Toast, Casa Villa, and Mimosas
- Japantown SJ - Hukilau and Spread
- Tons of others in East San Jose, Almaden (La Foret), Evergreen, etc.
There are also discounts on fitness classes and parking garages as well as other perks such as comedy club and dining experiences. It's a pretty fun and interesting ecosystem, not at all what I expected from a credit card company.
Customer service has been hit or miss for me since they have been completely slammed after rolling out these three new cards. That is an area where AMEX is way stronger today, but it's a small price to pay for better discounts and rewards on purchases.
The Bilt Palladium has become my favorite credit card, but you can't go wrong with any of the three they offer today. The Bilt Blue is probably the best no-fee card today. The Obsidian is arguably on par with the AMEX Gold for dining, but with a much lower annual fee. The Palladium is ideal for people that know how to milk the points system and/or want to consolidate a bunch of premium cards into one.
To learn more or pick a card, click here!
