Crazy Credit Card Strategies for HUGE Rewards Ft Richard Debs
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- เผยแพร่เมื่อ 21 มี.ค. 2024
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It would be great if you put chapters into this video to show folks to find the parts relevant to their goals and situations.
Yea…I made the same comment on Richard’s video. It totally makes sense in theory. (And in practice…for him) But your average single person with no kids is not spending $250 at a restaurant on the first of the month. And, they certainly are not spending $500/month each on two cards on groceries. That’s just facts. So, again, makes sense in theory; and works for him. But not for everyone. That is a huge caveat that has to be mentioned. Great vid, BTW! 😊 I may actually consider Bilt now.
Yeah, if he's getting 7,500 points per month on groceries, that's $1,500! Yikes that's a lot of spend! And totally...$250 at a Bilt restaurant (which doesn't exist in my city)?? That's one expensive meal. All in good fun though. Love trying to maximize things as much as possible. The Bilt status is totally worth working towards.
Agreed. But keep in mind some cities are more expensive than others. He’s in Boston. Not a cheap one at all. My family of just 2, in NY (not the city) easily requires $1000 in groceries. The $250 in food I can probably do too but there are no Bilt restaurants here which is a bummer. I’m curious though if using Uber eats or Grubhub to get groceries delivered will code as restaurant and give me 3x (or 6x on rent days).
Thanks for the interview, very informative!
Awesome video. I want to see more of these types of videos.
Good video!
Great strategy! Good tips
Great collaboration video…
Richard has insightful, fun, and unique videos. I love hearing about Africa. Definitely recommend the content.
Yes Richard Debs thinks outside the box. I was in Barbados last week, inspired by RD.
Helpful, positive enjoyable!!😄😄😄😄😄
Lets sum up how everyone feels after watching this: NOT WORTH IT!!
Bilt pays a lot for affiliate links to YTers
@@Re3iRtH that’s why these TH-camr are pushing these Bilt card so much.
Unfortunately, the BILT Dining options are extremely limited. Available at only a few restaurants in a very few cities.
Currently 26 cities but when they land in a city, there are often many choices. The 2 cities I hit up are Boston and NYC where there are over 100 BILT Dining restaurants each. When I first acquired the BILT card back in Feb 2023, there were 5 cities.
The video is intended to bring awareness to those who are able to take advantage of it. The cities currently in scope are heavily populated U.S. cities so I suspect that many are able to hop on the train if it works for them.
Sadly my city is not one of the cities in the Bilt restaurant program. So only if I am traveling so I hope to take advantage of it when heading to the west coast at least in June
I followed his Bilt card trick too.
NICE!! 🎉🎉🎉🎉🎉
So the card motivate you to go to high wnd restaurants and helps your build points. Excellent !!
Hilton Aspire is 34x every time you stay at Hilton. 10x for the stay. 10x for the Diamond match, and 14x for the Aspire card.
points are worth 0.6 cents per point though, so although it is a lot, I would divide that number by 4 when comparing value to Bilt points which are going to be around 2c pp
Does Ikea code as dining? They do sell meatballs...
do you know if Turo codes as travel for the 2x on the Bilt card?
No
can you get those transfer bonuses for hyatt?
Richard here. Hyatt is a transfer partner of BILT, but so far, a special rent day transfer boost hasn't been offered for Hyatt. That would be incredible. Last year, Hyatt Explorist status for 3months which was amazing for Hyatt loyalist.
For me, it's Emirates, Turkish Airlines and Flying Blue that matters most but I'd have to take a hard look if a rent day bonus transfer to Hyatt surfaced.
For the rent day multipliers, do you have to pay off your balance on the 1st or buy things on the 1st? Because he said that he schedules his catch-all spending to be on the 1st. I don't know if that means he buys everything on the first or he pays it all on the first. From my understanding though, you get the rent day multipliers if you buy things on the 1st.
Buys
correct me if I'm wrong but doesn't the bilt rewards cap out at 8X on everything?
Richard here. Not at all. Be sure to watch the original video where each step is explained. I been receiving a total of 16X when I dine out on rent day consistently at BILT Dining restaurants.. On non-rent day, I get 13X.
IMO the $25k non categorical spend is better spent on new card SUBs. Way more return than even the platinum bonus. There's also the lifestyle creep with tnr dining program
Silver status requires 10K in spend which has been enjoying 100% rent day transfer boost. However, it really comes down to an individual's spend level AND are there new SUBs available to them? I'm currently working on 2 SUBs then I'll be back to running my 4X non-category spend strategy fully. I've already secured Silver status for 2025 but will certainly achieve Gold before the year is over.
To be able to get 125% transfer bonus, you need to spend $25,000 to get to gold status. Do you use that card on everything on rent day to reach $25,000? Since rent is not counted toward status.
I think he does. he puts everything that doesn't get a category bonus on there and pays it on the 1st. Things like pet insurance, car insurance, health insurance, renters insurance, subscription services, utilities, Internet, cable, movie tickets, etc. Might as well schedule car maintenance or doctor appointments on the 1st too!
@@LijearionThe spend that normally made it to my 2X catch-all cards now goes here so I'm not losing value and it will also turn into 4.25X partner miles when I do transfer out. When not working on a SUB, all catch-all spend goes here.
@@RSquared-travel-rewardsgreat gift card example for TJ. How about Costco or other stores gift card?
@@Steven27206 It is important for you to review the 5% categories regarding the Citi Custom Cash. Traditional grocery stores qualify for the 5% earnings. I personally use trader joes, wholefoods & stop and shop which are all traditional grocery stores. Costco, BJs etc fall into the wholesale clubs and discount superstores which categories are explicitly excluded. However, it is always best to review Citi's guidance directly before trying it. All I can share is my personal experience on what I know which currently works.
Btw, rent not counting towards status is a very new thing that was announced going into 2024. Rent has always counted towards status, until now.
Due to this, I’ll likely lose my gold membership now. Sucks. But maybe using it as my catch all card can help, the way Rsquare mentioned.
id would do this if i live in a a BILT city :'[... my city doesnt have any bilt restaurants
Richard Deb here😂Even if you don't live in a BILT Dining city, it still works. Going to any regular restaurant on the 1st of the month will yield 6X. Blue status would turn that into 10.5X, Silver -> 12X, Gold -> 13.5X and Platinum -> 15X.
Those multipliers still surpass any other transfer boost available with any other card/program. Don't sleep on the BILT card. It is broken down very carefully with real numbers in the original video.
@@RSquared-travel-rewards This is meh compared to Sears.
I guess you can also just buy gift cards at the restaurants that get that type of return and eat there throughout the month?
@@kylefredrickson7154 wow didnt think of that, but that should work!
I have 9 Custom Cash cards. I just buy a GC once a month.
I have a feeling that’s going to be harder and harder to justify getting another cc for this card, so I’m going to skip.
I really respect your game but guys c'mon. There's only 12 rent days a year. How much food are you actually gonna buy. And instead of all this hoop jumping just sign up for one extra business card. Still though you are a master of this domain. Props
If I take the family out and spend $500 at 1 of my favorite 10X dining restaurants just 5 times in the entire year which totals $2,500 in spend. Then transfer just ONCE using let's say Gold status and that will yield 90K partner miles. I think it's worth it and it's a ton of fun along the way :). I'm pretty much Ben's admin for today because I'm vested in having tons of folks try it out and it wouldn't hurt to have a few folks check out the channel as well.
Can you do both?
I agree, I rather not spend $200 every first day of the month plus have to spend $25,000 on non rent spend to then have the POTENTIAL of transferring my points with a 125% transfer bonus IF Bilt keeps doing these transfer bonuses and IF the transfer bonus is for the particular transfer partner needed for my travel at that time. I like the Bilt card and I have it too but this dude saying it’s better than a SUB is BS in my opinion.
you definitely can. I'm just surprised at the hoops people will jump through for not that much return.
@@dyhppyx perhaps because it is a fun game for me 🤣 and I don't mind earning the points either because they are valuable and it helps sustain my travel.
And you haven't even heard about Sears card, right? Sometimes the multipliers on this card go to 30x, but 10x is pretty usual. 5x in considered meh by Sears standards.
No one shops at Sears.
@@N35T1T0 yes, but Sears card is a workhorse for earning TYP.
@@N35T1T0 but Sears card is great for racking TYPs.
All that glitters is not gold
What are the flaws in built?
He’s one nerf away from suicide watch