Bilt Card vs Chase Sapphire Preferred (Which is Better?)
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- Опубліковано 22 тра 2024
- I compare both the Chase Sapphire Preferred and the Bilt card to show you how each one stacks up. In this video I go over both cards reward multipliers, travel perks, benefits, perks, transfer partners and more to provide a comprehensive comparison. Although the Chase Sapphire Preferred is a popular card, I believe that the Bilt credit card puts up a really good fight.
Of course if you rent, the Bilt card makes way more sense and is almost a no brainer. That card has no annual fee so the only real consequence of getting this card is that you take up a Chase 5/24 slot. Not to be that guy but you could also get both cards and do perfectly fine as well. There really is a best of both worlds.
I'm curious to see if Bilt will release another credit card in the future, perhaps one with an annual fee.
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TIMESTAMPS:
0:00 Introduction
0:29 Reward Multipliers
2:37 Benefits
4:59 2 Inconveniences of the Bilt Card
7:01 Previous Issue with Bilt Card
8:02 Travel Perks & Transfer Partners
10:45 Other Thoughts About Both Cards
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#chasesapphirepreferred #biltcard #bilt #chasesapphire
I just got approved for the Bilt card a few days ago and I have a mortgage. I got it because I don’t give a damn.
hahahh congratulations! 🔥 love that for you
When the WF Aurograph gets travel partners, especially Hyatt, the Wells Fargo combo of BILT and Autograph will be amazing and with No Annual Fee!
I have too many inquiries, and since I have had the Wells Fargo reflect, and recently canceled it, as well as the built, which is still active, I’m not eligible for the autograph. I keep getting rejected.
*if* Hyatt. That's a big if. This is WF we're talking about, after all. I'm guessing choice hotels will appear in place of Hyatt.
The Wells Fargo hate is getting dated at this point. People acting like all of the other banks besides WF are saints are something. Banks are swindling people every day but under the radar. Just so happens to be that the WF scandal was made public. Fact is, they have made solid credit cards so far through their rebranding and they're set to also come out with their business lineup. They definitely have a chance to become major players in the travel game if they continue to go the path that they are. I've also had nothing but good customer service experience as well.
This is true. I have both cards. I cannot wait
@@ow5966 I used to have the Amex green card and I upgraded it to gold. I wasn’t eligible for a new sign up bonus. I can justify the credits of the good as opposed to the green. The 2x on Bilt and the 3X on the green is not much. I can use the bilt as my dedicated travel card providing day, except MasterCard, which most places do except Costco that only except Visa. It feels good to have an actual spending limit only because of the fact that I wanna know how much I have available instead of having to check my spending power on the green, gold, platinum or centurion if you’re lucky enough to have the black card.
Ask Sebby made a good point recently. If your rent is 4K/mo, it makes more sense to open a new credit card with a SUB than it is to get 4K Bilt points.
You opening 1 card per month?
@@Adiscretefirm Even if your rent is $1500/mo., you can take 3 months to reach the bonus and still end up with more points. Yes, I've been in a predicament where I got 4 cards in 4 months (P2, Biz & Personal cards)
@@AdiscretefirmGot’em
The Bilt Card has been an absolute game changer for us, to be able to avoid ALL fees & earn valuable Bilt Points on all of our rent payments. Like you said, I absolutely love the Bilt travel upside with being able to utilize fantastic travel partners as well such as Hyatt, without having to pay AF like the CSP. Great video as always Chase!
its a game changer for sure Matt 👏🏽 im curious to see the impact Bilt has on the credit card game in the future.
No way; preferred is the card to have; it part of a larger ecosystem, as one guy says here.
Yup freedom 5% is good UR points earner.
Ya I agree. Right now the CSP got other cards helping make that ecosystem more valuable and stronger. I just think if it were a 1 v 1 fight like King Kong vs Godzilla the Bilt card looks pretty solid
I know a guy who has the BILT card, the Fidelity 2% card, and the Amex Hilton Honors Card which covers every category he spends in, gives him degree of hotel status, no FTF, and access to a bunch of different Amex offers all for $0 in annual fees. Pretty hardcore. The BILT card might not be broken by itself but when paired with the right cards in a duo or trifecta, you'd never need to apply for anything else ever again.
what amex offers do we get with the basic hilton honors card? Isnt it only good for grocery spend?
thats quite a unique setup for sure! never heard of something like that until now
Don’t let the hype fool you is what my buddy says. He uses the BILT as his primary travel card like it’s designed for.
I have the PayPal MasterCard for my 2% catch all and 3% online or in store purchases.
I woke up thinking about these 2 cards actually, and then BAM! Video made! Great stuff. How are you enjoying LA?
Im sorry to say but I read your mind 🤷🏽♂️ LA has been fun! I love the fast pace of the city. the weather is great as well. paying $20 for a meal or almost $7 / gallon for gas is not fun
@@ChaseYokoyama Haha yea it's bad out there for gas. What Part of LA you living in?
Fyi for ya - the credit limit time to reset doesn't get better haha - I'm in the same boat as you
Awesome video man, I always thought about this comparison subconsciously yet never thought it would manifest as true with you releasing this video haha :)
Thanks Lalit! 👏🏽 well im sad to hear about the credit limit reset lol
Solid rundown Chase. Bilt is giving the CSP a run for its money!
100% agree 🔥 im excited to see what they keep doing
Getting the Bilt card made me postpone and not acquiring the CSP. I was at 3/24 when I obtained the Bilt card and definitely worth the slot.
About that payment lag, did you pay through the Bilt app to pull money in? Or the other bank's app to push money to Bilt? I wonder if it makes a difference.
I paid either through the Bilt app or the Wells Fargo app. I forgot which one specifically
Can I apply for CSP as first card with Chase? Is applying for BILT much easier than CSP?
When I pay my Bilt card through WF it’s usually fast, but very slow when I pay through bilt
okay thats good to know. ill try paying through wells fargo next time. I dont remember which one I paid through last time
The Sapphire Preferred drives me nuts. If Bilt expanded their Travel category and added grocery or gas/EV, it would further doom the CSP. Chase has to change that card, sooner than later. Great video Chase!
I agree Matt. Its your turn, Chase.....are you gonna make changes to the CSP or nah 🤔
@@ChaseYokoyama but 5x groceries for a year on a lower card!!!! I kid. They need to do LOTS up and down the line
I would like to pair this card with the Wells Fargo autograph. I have to wait for my accounts to age and some inquiries to fall off before going for the autograph. I would have one travel card that’s a visa in the autograph and of course the Bilt that’s a MasterCard. And I know most UA-camrs compare the autograph to the green card on American Express except the green card has $150 annual fee with the clear and LoungeBuddy credits if you could justify them which I couldn’t. And both the. Bilt and autograph are no annual fee.
yuh I mean those 2 are decent no annual fee cards for sure
Question though...don't chase sapphire cards give 1 point per 1$ spent already just like the BILT card? I'm confused at what makes the BILT better when it comes to paying rent, which everyone is saying most prime caveat?
The biggest reason is because you dont have to pay fees with the Bilt card. Where as with the CSP you usually have to pay a 2% - 3% fee. That fee outweighs the rewards you would get. It could make sense to pay rent and eat those fees if you are chasing a SUB
Idk. Couldn't paying rent or a mortgage with a credit card backfire in some way on the cardholder? I'll be watching this Bilt card for possible problems for people in the future.
I like the BILT card. But a few things about it are annoying. When I use it out of the US most times it asks for a PIN number. I don’t remember setting one up. So I end up using my CSP even when I’d like to use the BILT card. And BILT only lets you transfer a minimum of 2k points at a time to let’s say Hyatt. Unless you spend 15k a year on the Bilt then you can transfer a minimum of 1k points. I’m living in Thailand for the moment. I wish Bilt would qualify air bnb as my rent day benefit. Then I’d use the card more. It’s a great card. But it has some small annoying things that preclude me using it for my everyday spend given my personal situation. But it’s a pretty good card overall
damn I never knew about those small things.
Its great if you’re renting, but i just don’t see the appeal if you’re not a renter. 🤷🏻♂️
Its basically a no AF travel card without a bonus & no eco-system. IMO thats what edges out the CSP, Citi Premier, & AmEx Green over this card!
no doubt having a SUB and point ecosystem are great things to have.
Correction: You can earn up 11X on dining on Rent Day = (6X regular dining + 5X at a restaurant BILT selects to recieve the 5X bonus)
hahahah yes you are right about that one. 👏🏽 11x is crazy
Getting points for rent is a sign up bonus.
I do agree that getting points on rent is a HUGE benefit but TBF i think it does not equate to receiving a sign up bonus.
I’ve commented on this unpopular opinion before because it just makes sense. People are so in love with the popularity and the sub for the CSP that it blinds them to the fact that the BILT card is pound for pound a FUNDAMENTALLY better card.
Agreed. I really want to see Bilt make another card to go against the premium cards we have nowadays 👀
Chase is an entire ecosystem, cards/loans etc.. Unless Bilt adds mortgage or car loan payments, or sign on bonuses, I don’t see it’s appeal long term.
Rent day promos - You don’t need the card.
American Airlines transfer - Chase transfers to BA, which works great for domestic flights at least.
Rent payments - You can pay with normal credit cards, it’s usually $50-150 extra.
Let’s say you have a trip in a year or 2 that you’ need points for, I don’t see where this card slots in.
I wanna see where Bilt takes this in the next 2, 5 or even 10 years. I do like what they have but I hope their impact gets bigger as they have more time in the game
dang now i regret getting the chase sapphire preferred :(
You regret getting that bonus from Chase?
no ragrets!
The Bilt card is such a great $0 travel card! Agree 💯 the CSP needs a regular grocery category and a refresh! Great video and comparison Chase! Keep up the great work!🫵
Yes! Thank you! When will Chase have a consistent grocery category?!