NEW LEAK Bilt 2.0 Card Details REVEALED (Rumor)

Hey credit warriors, welcome to the show. And I am in a hotel. This is the Renaissance at London Heathrow Airport. I'm just about to leave the UK tomorrow morning. I was actually member of the day here, which is something randomly selected by the computer, I guess. Maybe because I'm Marriott Gold, I don't know. But it got me free lounge access, which was really cool. So, we ate some uh sort of light dinner, basically or derves in the lounge, which was really nice. Um, but we have a little bit of news about the new Built 2.0 0 credit cards uh that are coming out in February. Now, we did do a video a couple of days ago about these cards where we had a few new details about them and the sort of timeline for if you're a current built card holder when you can choose your new card and stuff. So, if you want to see that, I'll put it on the end screen of this video. Um, but this is another little leak, less official, okay? So, more of a rumor video. Uh, but we're going to go through some of the things mentioned. And if you don't know, Built is the very popular program that lets you pay rent with a credit card. You can actually use any credit card to pay rent and earn built points, but there is a 3% fee. However, if you use the Built credit card, which you can sign up for, uh, then you can pay rent without a fee and earn built points. And there are many transfer partners like airlines and hotels that you can transfer those points to and uh, book free travel. But anyway, let's read this little um little rumor that's been spread by someone. So, they posted this to the uh built rewards subreddit. Um but this isn't an official built post. Okay, this is by someone else. And uh so he says, "Stumbled across this AMA stands for ask me anything that was posted back on December 5th." Okay, the author was called Pilot Monkey 94. He claims to be an investor in built and to have some insight into the new cards. Here are some highlights from what I read. initial offerings will be competitive. So basically that is saying you know this there'll probably be good signup bonuses, there'll be good point earnings multipliers and maybe there'll be certain benefits like priority pass might be uh unlimited guests or something. So initially it'll be competitive and maybe they'll dial it back later on like some other cards have done in the past. Capital One Chase Reserve [laughter] um the premium cards apparently according to this guy will have a sign up bonus and the no annual fee card will not. So, if you saw our previous video, we said uh that it's basically confirmed there's going to be three cards, okay? A no annual fee card, a $95 mid-tier card, and a 495 high-end card, okay, that will have like lounge access and stuff. So, the two more premium cards, the mid-tier one and the high tier one, will have signup bonuses. The no annual fee one will not. Uh, and that's basically the same as the current built card. Okay, built is kind of famous for being the card that doesn't have a welcome bonus, but it does let you earn points on rent. Okay, so that's a you know kind of different they play by different rules. All right, [laughter] they don't go with the normal you know whatever welcome bonus that other cards offer. No annual fee card will have worse earning uh unless you have built status and will be heavily nerfed version of the current card. Okay, that's kind of disappointing uh heavily nerfed version of the current card because the current card has no annual fee as well. Um, so you know that that that is actually some bad news basically, but um, you know, Built even changed issuer because Wells Fargo, the issuer of the original Built card, wasn't making any money on it. So, it uh, it would probably was a little bit too good to be true in its first iteration. So, I'm going to be interested to see what they come up with for this this new card and whether it is a a nerfed version. Earnings on mortgage will be the entire PITI, okay? Principal, interest, tax insurance as opposed to just principal and interest. So, what this means, if you have an escrow account where um your your home insurance and your property taxes are just paid in with your mortgage each month in one payment and then the escro account pays it out to those companies. Um, you'll earn points, you'll earn built points on the entire payment each month that you pay with the bill card, not just principal interest. I don't know how they'd even tell that anyway, how they'd even separate out the payment. Maybe they do have that data. I'm not sure, but that's apparently what it is according to this guy who is apparently an investor in built points earning on mortgage rent will drop to 0.5 points per dollar on the no annual fee card. Okay, so I guess that's what they mean by a heavily uh by a heavily nerfed version um of the current card. Okay, that counts as nerfing to me. And then presumably the points would be one point per dollar and maybe even 1.25 25 per dollar on the higherend cards. Okay, the mid tier would be one. Higher end perhaps would be over more than one. Okay, that's what we did see in one of the customer surveys. I forget was 1.5 or 1.25, but they were toying with the idea of a higher earning rate on mortgage on mortgage and rent minimum transaction count for points earning to switch to minimum amount of non-ren spent. So, if you don't know, you know what this means is right now, uh, in order to earn points on rent, you have to make five transactions with the built credit card on things other than rent in order to earn any points at all for that month. Okay? So, you've got to use it at like restaurants and, you know, dining or grocery or whatever just cuz they don't want you just only using it on rent and then nothing else. All right? Because obviously they want to make money from transaction fees and stuff. They want you to use the card. So, right now it's five transactions per month, non-ren transactions you have to make in order to earn to earn points. They're going to switch it apparently according to this guy to a set dollar amount. Now, I'm guessing this amount, it might be different on all three cards. Like maybe on the no annual fee card it's like $250 a month. Maybe on the mid-tier card it's 500 and maybe on the high-end card it's a,000. I don't know. It's going to be a nice round number, okay? Like 250, 500, 1,000. So those kind of numbers feel right to me. Probably could be that. Uh I doubt it'll be like 100. That's quite low. I think they want to cuz right now you only have to make five transactions. So literally you could go buy like five packs of gum for like a dollar each in like five separate transactions on you know five days in a row or something and then you're done for the month and that would cost like $5 or something. So you know I think they want it to be a little bit more significant amount of spend. So, I'm guessing, you know, $100 or $250, 500, and 1,000 uh probably would be the amounts. Uh people are commenting like, "This is kind of in line with what I was expecting." Um, you know, I think everyone kind of saw this coming like the no annual fee version would be a little bit nerfed. So, maybe it will be 0.5 points per dollar on mortgage. H and then the, you know, the mid tier will be a little bit better than that, one point per dollar and the higher end might be 1.25, not sure. Um, and you know, apparently they are going to be pretty competitive when they come out. And I think that is pretty in line with what usually happens with credit cards. Very competitive when they come out and then they nerf some of the benefits as time goes on. Anyway guys, so that is a little bit of an update on the Built cards or rumor about the Built cards. If you want to sign up for Built in preparation for these cards coming out or if you just want to be part of Built, you want to earn built points, you can sign up for them down below. If you use their dining program, you could just link any card that you have in your wallet and you earn three points per dollar extra on top of what you earn on your credit card on dining spend at any of their restaurants. And they have a lot of restaurants. Sometimes you might dine at one without even realizing it. So, you can sign up below and just link a card, link whatever card you normally use for dining, like MX Gold, uh, City Custom Cash, whatever. And, uh, you're good to go and you'll be earning three extra points uh, per dollar on a lot of your dining spend or at least dining spend at built restaurants. And then you'll be part of Built. And if you do want to apply for any of these cards in February when they come out, um you will be ready to apply because you'll already have a built account. Let me know in the comments what you think. Do you think that these rumors are true or have you heard something else? Do you think the benefits are going to be different? I'd love to hear what you think. A big happy new year to everyone because it is New Year's Eve tonight. So, happy new year. I'll be back home in the US tomorrow and uh I'm raring to go for a 2026. We'll see you soon. Bye-bye.