Best Dining Hack Explained! BILT MasterCard
ฝัง
- เผยแพร่เมื่อ 18 มิ.ย. 2024
- #bilt #biltrewards #pointsandmiles #credit @biltrewards
The BILT Mastercard is the best dining card on the planet!
I'd appreciate your support of the channel by using my card links:
cards.bumacompany.com
Website: bumacompany.com/
Travel Channel: @RichardDebs
00:00 Intro
01:48 Section 1: BILT multipliers and the Rent Day concept.
02:47 Section 2: Everyday spend using the BILT Dining program.
05:10 Section 3: Rent day impact on the BILT Dining program.
06:59 Section 4: Rent day transfer bonuses on all dining spend.
10:10 BILT sign-up bonus compared to Chase, AmEx and Capital One.
11:03 BILT Effective Transfer Multiplier chart
11:57 Outro
If you already own the BILT card or thinking of owning the card, I've just come up with a way for you to automatically get 1 more BILT transaction each month. Join this channel for .99 cents a month and use your BILT card to make the automatic monthly payments. I've just made your life simpler so supporting this channel just makes sense right? 😂😂.
This video and the previous one th-cam.com/video/KODRkX5NBQI/w-d-xo.htmlsi=mvOldBL-aPDs1Ypj go together. Between the 2 of them, we have 4X catch-all and 32X dining which results in impressive transfer miles. I'm using the 4X catch-all to earn status and 32X dining to pile on the value.
I love monthly strip club visitor. It's a shame bilt doesn't have any strip club on its list like restaurants 😢😢😢😢😢😢
@@precociousdeathdealer202 🤣🤣 You might need to wait on that one! 🤣🤣
Awesome video, this is great for Bilt beginners on dining usage. Very well broken down and explained. Thank you🙏🏽
Glad it was helpful! Thanks for watching 🙏
I get it......its great, but until Bilt Dining is easily accessible across the country, its hard to be excited about it when you dont live in the small handful of cities that Bilt Dining exists in currently. When it comes to my city, then I will use the card more. But its awesome if you live in a Bilt city currently. Good stuff!!!
Until then, you should be using it as your 4X catch-all as outlined in the previous video to earn status.
Sounds cool, but the nearest Bilt restaurant is 135 miles away, across state lines, and in a different time zone. Seems like a long drive for extra points
Time to move?? 😂😂. Seriously - using it as your 4X catch-all is real no matter where you are.
@@RSquared-travel-rewards time for them to expand, million people in my metro and nothing on Bilt yet
Love your videos. You always seem to have a unique perspective. Keep sharing. I don't live in a BILT city but after you last video, I figured that I could use a 4X catch-all card. I'm applying in Mar because I want another card to roll off
I greatly appreciate your comment and thanks for watching. I truly enjoy credit cards and wanted to share my take with you all.
Love your outside of the box thinking here! Great video!
Thank you! Happy Rent Day.
I get it. Great video. However, $500 meal is only for you ballers!
hahaha, think of it for special occasions. However, that was just an illustration and it was 5 meals over 1 year. The goal is to focus on the 32X multiplier that you may earn on the meals no matter the spend amount.
True, but if you do 5 of these meals a year I’d venture to say you’re still coming in under the average couples yearly doordash bill and a much greater experience. Also, if you invite a bunch of friends it could average out to about $50 bucks a pop and you can have them just Venmo
Not if you with friends and they reimburse their share.
Awesome video Richard, it's hacks like this that make the credit card game so fun for me. Also having lived in Boston for a few years, I recognize those restaurants that you showed 😁
Hello former Bostonian. Thanks for watching the video!! The game is indeed fun
Awesome breakdown of the Bilt Dining strategy
Cool. Glad you liked it 🙏🙏
Great video buddy. 👏 I wish you get more subscribers. at the same time, hopefully bilt wont limit this program and put in limits.
Thanks. I expect that this will continue to be value because it means more spending on the card for BILT.
Wow! Great video. I have BILT gold and have never even looked at the BILT dining tab! I've been doing it wrong!
I love that 🤣🤣. How did you happen to discover this channel?
I know it's not your 1st channel, but Congrats on 1,000!!!
Thanks Lani!! Each venture is new and takes the same amount of effort or more because the subject and audience are new so I was equally thrilled to hit 1K.
Will keep pushing but I have learned to relax this time around 😂😂
@@RSquared-travel-rewards dude, I'm on my 1st channel. I'm still learning as I go
@@CallMeLani you're built for this!!
This is absolutely insane. I'm not a renter or in a bilt dining city but you're playing so far above the rim on this it's amazing. Well done!
Thanks for the compliment but I can't let you off the hook just yet. I've linked my video where I've shared how I'm using the BILT card as a 4X catch-all card to earn status. It blows away the Double Cash, Venture X, BBP etc. It is the best catch-all card which has nothing to do with renting and BILT dining. th-cam.com/video/ximUX5bl7lE/w-d-xo.html
@@RSquared-travel-rewards I did my homework, rewatched that video a couple of times to better understand it and came back to discuss. I think you've convinced me that, as structured, this card is pretty much amazing given the every day multiples, ease of reaching silver status, and the bevy of excellent travel partners and transfer bonuses. That said, I'm really early in my journey and feel like I may be better served to go after some other keeper cards that are inquiry sensitive and offer excellent SUBs like the Vx, Premier, etc, and then use the Bilt as my catch all card going forward when I'm over 5/24/gardening/not actively working towards a SUB. My wife and I are starting out in a 2 player system and have the ability to rip through a bunch of SUBs along the way but I think a year from now this might be my daily driver if it's still set up like this. Does that make sense? Keep up the great content!
So cool that you've done your homework and you're doing what works for you and family.
Enjoy the credit card journey and do keep watching. See you in the next one.
🔥🔥
Not everyone has a wife and 3 kids to eat a $500 meal in 1 sitting. You can get 300-400k points a year by putting rent and taxes on welcome bonuses.
Just sharing my experiences so that you and others may benefit if the situation works for you. If you have a system which works for you, that's totally cool.
I do appreciate you watching and taking the time to comment. 🙏
It does help that Bilt doesn’t run the backend of Bilt Dining.
This does rocket the Bilt Card to best Urbanite Dining card.
Matt - This dining multiplier and my usage of the card as a 4X catch-all have made this my favorite card hands-down. When I layer on my 3 custom cash cards for supermarkets, I'm currently putting more stock on my free cards vs my pricey cards.
Once many people make use of this bilt dining multiplier, Bilt will definitely slash those multipliers. Those 10x will definitely go to 2x-3x soon.
Hmmm, the folks who are likely to frequent BILT Dining are folks like us who enjoy getting maximum value from credit cards.
In my city and a few other cities I looked into, 3x is the maximum you can get.
Wickedly Brilliant!! Too bad the restaurants are so limited.
They will get better. The 4X catch-all is a real thing. See previous video
Dude, I saw that John guy copying your hack. Well it's all free content but I saw you said in your video asking the creators who reference your BILT hack to give you a shout out. Not looking to start something but it's pretty funny 😂😂
Call me Brian Peterson from now on 😂. Seriously, it's all free content.
@@RSquared-travel-rewards Funny 🤣
This is insane... i had been using bilt primarily as a rent card until today when i thought to look deeper to see if i was missing out on anything. Thank you so much for sharing this! Is the max spend capped at $2500 a year? Or could you theoretically go even higher to say $10000, which would bring in potentially 360k points?
The maximum rent Day cap as a result of double points is 10K points. That's just rent Day. So that alone would be 120K points for the year. There is no cap on non-rent day BILT Dining earnings.
Great video. But 10x restaurants are rare; you would have to travel to get to these restaurants. Time is money. And it's hard for most of us to spend $2500 on Bilt restaurants and specifically on Rent Day to maximize on the points.
Glad you enjoyed it. The previous 6 10x restaurants in my town are now down to 1 within the last 2 weeks. I should not have made the video 😂.
I still want folks to focus on the overall multiplier no matter how much they spend. Dining at a 3X restaurant on rent day still yields 3X + 6X and it would transfer out as 18X for Silver status which is very, very attainable.
This is still an amazing video and the stacking works, but it seems like there was a huge devaluation of 10x and 5x down to 2x in the last few months. In addition, when I load the BILT app to try and book a restaurant for tomorrow, I noticed all the restaurants I usually go to have a disclaimer below the multiplier saying that the terms are changing after 5/27/24. Do you think the in app dining being NERFED in a month?
I don't believe that 5/27 is significant. There has always been a timeline for how long the dining multiplier would be guaranteed given that you are able to book a reservation with Open Table for a long period out. BILT has always given windows for the dining multipliers.
What I have noticed is that once a restaurant lowers its dining multiplier, I haven't seen them rise again. There is one 10X left in Boston when I last checked but I'm away in Africa for 3 months so no BILT Dining videos for a while but I will be utilizing BILT rent Day's 6X without fail.
My take is that Bilt will continue to partner with restaurants for BILT Dining as it appears to be a core mission of theirs as stated by the CEO.
16x stacked with a 1.75x transfer bonus or up o 2x with status is insane. Up to 32x Bilt can be really overpowered if used right.
It truly is. Btw, the transfer bonuses are 75% to 150% or (.75 to 1.5)
I greatly appreciate you watching the video 🙏
Do you think this card makes sense for someone who is a homeowner and who does not live in a city that has Built Dining Rewards restaurants? I am considering adding this card as a no-annual fee replacement for the CSR given the similar (or better on rent-day) multipliers and the travel protections which are important to me. I'm thinking this is a great card for someone who wants the simplicity of a one card set-up. Decent multipliers, transfer partners, no foreign-transaction fee, etc... Thoughts? If you wanted just one card in your wallet, would this be the one?
I'm glad that you said it and not me because folks would think that I'm crazy.
For a non-renter-non-bilt-dining person, this card is still GREAT. Using the card as a 2X catch-all card on rent presents better value than any other 2X catch-all card out day. You already know what a rent day transfer boost would do to the 2X. If you play the game correctly, this should get anyone to Silver status and some to Gold without much effort.
I'll assume that you mean CSP and not CSR. No one should own the CSP over the BILT card. It can be in addition to because BILT crushes the CSP.
It is really hard to think of carrying just 1 card. 2 is easy = Citi Premier + BILT.
I'd have to get back to you on carrying just 1 card 😂😂 - I feel like I'd be lacking too much with just 1.
I think that I'm going to make a video for "what if you could only have 2 credit cards, what would they be".
I will reference you in the video if you don't mind because you got me thinking.
Thanks for your response, and yes you are correct, I meant the CSP. I currently have the Citi Premier card, so I’d definitely watch your video about why that would be your 2-card set up. I enjoy your content and your enthusiasm about this card, and I’ll be adding this to my wallet very soon…using your referral link of course!
Not to discredit this but I feel like there needs to be a disclaimer that those +10x bonus restaurants are incredibly rare, at least for the closest city to me. Scrolling through the list, almost everything was a +3x bonus with +5x bonuses showing up at about a 20:1 ratio. In about 220 restaurants, only 1 had the +10x bonus so as amazing as all this is, it’s not actually world changing at the moment
When I posted this video we had lots of 10X restaurants in Boston. I was quietly enjoying the benefit. I then decided to post about it then I noticed the restaurants quickly disappearing. I quickly began purchasing gift certs so that I could enjoy the benefit longer. This past April 1st, lots of BILT cards holders all converged at the 1 remaining 10x restaurant in Boston. Kinda fun while it lasts 🤣
@@RSquared-travel-rewardsThings definitely can change over time, especially when they’re to good to be sustainable. I appreciate you sharing value tips with us!
Just applied for the Amex gold about an hour ago and got pre-approved twice and accepted the second time for a higher intro bonus 90k points and no spending limit. Also applied for the Bilt to pay rent and got a $1500 limit 😑 my rent is $2500. I just took a hit on my credit for nothing…
You should have taken the BILT card with the $1500 limit. There is an awesome feature of the BILT card called BILT Protect which will pull the funds directly from your bank account without touching your available credit and you still get the points. I pay my rent this way always so that I can use the card for real purchases. It really is an awesome feature.
Granted my rent is less than my limit. You might want to call them up and get them to reopen the application.
Boost for specific transfer partners is great. But, if its not the transfer partner you want, it is not helpful.
For sure. I've used it for Flying Blue and Emirates thus far. I can easily use if to Aeroplan tomorrow because Turkish airlines is where it's at for me. However, I will wait to do a transfer later in the year in case I hit Platinum status. It all has to work for you. However, even if I don't utilize a transfer, 16X on dining works.
@@RSquared-travel-rewards That's just what I was thinking. 16X is phenomenal then I can use whatever partner I want.
@@RSquared-travel-rewards I live in the Philippines now as my base (13 hours ahead of EST). How do I determine when rent day/first of the month actually is
@@Re3iRtH 12AM ET to 11:59PM PT
I've used the BILT card while traveling in Africa and have also validated these times.
could you buy gift cards at the restaurant along with your meal to help spread it out?
That exactly what I do to make it rent day more often!! 😂
According to the Bilt MasterCard disclaimer, you are limited to only 10k bonus points per month. Q. How do you earn 20k if you are only limited to 10k? Another Q. Let's say you charged for your restaurant bill on the first of the month and the restaurant merchant doesn't process your transaction until the next business day, which is the actual transaction posted date, then you get screwed out of the multiplier bonus essentially? There are many caveats that can potentially ruin your perfect scenarios. If all stars align you may get the bonuses, otherwise not very likely.
Not sure why you're referencing 20K. The example is $500 for a meal on rent day at a 10X BILT restaurant + 6X due to rent day. That is 16X * $500 = 8K points. When the transfer comes around, which has nothing to do with the 10K pt limit, you can transfer out at 100%, 125% or 150% based on status. You may have misinterpreted the 10K bonus limit. It is NOT 10K per month, it is 10K on rent day for the double multipliers only. BILT Dining is not impacted. It is 10K bonus max on rent day as a result of the 6X, 4X and 2X multipliers.
The key to BILT's rent day, is that a rent day purchase has nothing to do with when a purchase is posted. Instead, it is based on when the charge is first run (or pre-authorized) else BILT's rent day of double points on rent day would come under attack from day one. Let's put it this way, you're allowed to leave the restaurant because your card wasn't declined, which means that the pre-authorization was successful and that's what's used for rent day.
I've been using BILT rent day for over a year and all purchases changed to my card have all be doubled as outlined by BILT.
Hopefully this clears it all up. So no stars need to align. It just works.
Have you done the gift card hack? (Buying dining gift cards on rent day)
I haven't but I will be going forward. Thanks for that 😊. You're now my best friend!!!
This card is my most valuable card. Which is why I plan on maintaining at least gold status.
This strategy makes sense…in theory.
I've been using this strategy in practice. The only caveat is that you do not know when they will offer the transfer bonuses and to which transfer partner. I did it for Emirates! I will do a big xfer in the fall because I think I will be at platinum status by then.
I'm only eating out on the 1st 😜
Hahaha 😂. You owe me a sub, just saying. I want to get this video in front of more people 🙏🙏
@@RSquared-travel-rewardsI didn't realize how small your channel was. Subbed!
@@FreedomFinanceFun Because the quality is next level right? 😀 Well ya gotta start somewhere. Thank you very much for the sub. Be sure to come back often. Take care!!
In the Seattle area all Bilt dining partners have been nerfed to about 2X, save for a rare outlier, since the end of December. I definitely took advantage of a 16X dining option on Dec 1st though, but that restaurant has been only 2x since.
Nooooo! Let's hope that doesn't happen in Boston or NY where I take advantage of BILT Dining consistently.
I'd have to start a letter writing campaign if they took away my 10X burger and beer Irish pub 😂. I was there last night and therefore pulled in 13X.
Did a quick look today and most are 2X, a couple are 3X, and there is one 5X and one 8X option in Bilt Dining for the Seattle area
@@RSquared-travel-rewardslet me know if you ever wanna meetup in nyc for a meal! Been pondering starting my own channel but having a few videos with you from time to time wouldn’t hurt !
Congrats first person to make a video to figure that out 😂
From this day forward, it shall be known as the RSquared BILT Hack 😂😂
There is no good bilt restaurant in chicago
What??? There are about 125 restaurants participating in the BILT Dining program. There are also 10 listed in the "Best Of" category which are considered best-in-class. However, food is a personal but I'm sure that I'd find something good from a 125 dining options.
Ummm... I don't think your "percent" math is correct. As in... 1,000 BILT points x 125% (ie. multiply 1000 x 1.25) would be 1250 Sky Miles, not 2250. *Math..?* IJS.
It's tricky. It's a 125% transfer boost. Meaning you transfer 1000 points and they boost it 125% by adding an additional 1250. You would therefore end up with 2250 miles. Trust me, I've been transferring points to Emirates.
That means eating at overpriced restaurants and tranferring to partners you dont want to use.
Thank you for the feedback. Clearly my approach doesn't work for you. I want to thank you anyway for taking time to watch the videos. Take care.
@@RSquared-travel-rewards and being in states you don't want to live.
I’m sorry bro but take this video down. This information is too valuable to share lmao
Haha, this is a small channel so essentially it is still a secret 😊