Bilt is cutting its Bilt-to-Hyatt points transfer ratio from 1:1 to 4:3 starting January 2027, following a similar Chase Ultimate Rewards devaluation.
No surprise to me (been calling out these concerns for a while; in fact, I'm concerned Chase will pull a Citi and either directly or indirectly demand exclusivity on Hyatt transfers soon enough).
But, it might be a surprise to all the BILT sycophants, who will somehow have a great PR talking-point on how Hyatt isn't a key transfer partner (no, no... we're just there for Alaska, which certainly won't be devalued by BofA's influence, or United, see Chase again.) Anyway, dear shills, I eagerly await your personal attacks.
As for Hyatt, more broadly, yeesh, the hits keep coming; the redemption devaluations from earlier this year; the continued delays on a actual premium credit card product (looks like Chase-IHG is getting a head start on that for 2027 before Chase-Hyatt is doing anything). Not great, fellas.
I have gotten a lot of value from the BILT Palladium in one year. Signup bonus, both $200 hotel credits, 3x per dollar on $5000 of spend, and then maybe 15,000 in points that I would never have gotten elsewhere due to my mortgage payments.
I also transferred the bulk of my points to BA with a 60% bonus, which is higher than anything I could have gotten on Chase/Amex/Citi.
So you don't need to be a 'sycophant' to find the card valuable. It'll be worth keeping for another year I think, but I'll evaluate
James_K, I wasn't thinking of you in-particular, but you should already know that BILT 1.0 was a lot easier, simpler, generally cost less, and had most of the same transfer partners.
I, too, received 'value' from nearly every card I've ever had. However, whether that 'value' improves or not, over time, is another story, and varies wildly depending on the product, issuer, etc. I still hope BILT will stick-around for the long-haul, make some further improvements, and not devalue any further (though, with Hyatt, it seems they are.)
While Bilt 2.0 objectively had a disastrous rollout, the underlying products remain 'useful' for many (myself included). However, unlike some on these sites, I'm willing to speak-out when I see room for improvement. Specifically, I'd like to see more Accelerators for Palladium, but I probably won't get my wish. Like others, I remain concerned about a glut of expiring Bilt Cash and not enough ways to use it; yet, also I'm happy with Blade and Blacklane finally added to Bilt Cash redemptions. New transfer partners like Amtrak are also nice.
Anyway, glad the BILT to BA stuff worked out for you, regardless. Enjoy 'evaluating' paying your $495 renewal annual fee next year.
Yeah you know how it is - just be ruthlessly self-interested. Use the card if it's worth it to you, cut it if it isn't, and don't become a fanboy of a company -- any company -- since they don't care about you
everyone keep me in your thoughts today i have to admit that 1990 was actually right
anyway this is not super surprising but also this is going to crush their renewal rates when everyones palladium comes up in february/march. This now confirms my decision to cancel. Been a great year, will earn about 295k points in total between SUB/spend/mortgage/rakuten which is amazing for one card. Alas no point in holding it long term now
Here's the irony: Folks may think I'm "Bilt Enemy #1," but even I may still renew (especially if there's a retention offer). My only ask: I'd just like to see more options for gluts of expiring Bilt Cash. Like, if Ankur/Kerr remove B$ expiration (or add a few extra Accelerators for Palladium, even if they charges B$400 instead of B$200, like he increased the level-up for Amtrak in today's Oct 1 bonus), I'm still down-to-clown for a bit longer. Yeah, this new Hyatt devaluation is a low-blow for that brand (I donno whether to blame Bilt or Hyatt or Chase, more. All the above?). Still, if they keep Alaska and United at 1:1, there's still real value on the line there. I know some gawk over JAL, (or BA, like James, below). Great. Cool, too.
Were people really holding this card solely for the purpose of Hyatt transfers?
Oh, dear Chris... nice attempted insertion of plausible deniability. But, but... you said "solely"... uh oh... got'em... Yes, Hyatt transfers at 1:1 were a major selling point (regardless of Rent Day bonus, which there have been none for Hyatt so far). Also, American Airlines (before Citi secured exclusivity), Alaska (while BofA still allows it), and United (while Chase still allows it) were the main high-value, unique transfers. Sure, there were bonuses for JAL, BA, FlyingBlue, etc. that others found useful. Everyone's gonna have their own opinions and preferences.
I’ve made a few speculative transfers from Bilt to WOH anticipating this happening at some point- but along those lines I’m surprised/impressed they gave 3 months notice.
In economics, it's called price leadership. If a competitor does X, you do X.
This also means you cannot trust the banks that after you paid the annual fee that you will actually get the advertised benefits that you thought you paid for for one year.