[Leak] Rakuten Points To Be Convertible To Bilt

Shopping portal Rakuten currently lets you convert points into cashback or American Express points (this was added in 2019 when Rakuten was called Ebates).But according to this page you can transfer points to Bilt.Interestingly that page lists both Bilt & American Express so looks like Bilt will be in addition to American Express rather than it replacing American Express.

Unfortunately it’s not possible to set up this new transfer. The terms do state the following:

Note that you can’t switch directly between Bilt and American Express Membership Rewards points.If you want to switch from Bilt to Membership Rewards points or vice versa, choose PayPal or Big Fat Check first, then select Bilt or Membership Rewards points.

But selecting big fat check and then changing doesn’t work.

We also don’t have any information on transfer rates.I’d be surprised if it wasn’t $1:100 points like the American Express option but no guarantees.

There are many reasons why people might prefer Bilt to American Express including Bilt transfer bonuses and differing transfer partners (e.g Hyatt & Alaska both 1:1).

Hat tip to awardtravel

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
Publisher: Source link

Your email address will not be published. Required fields are marked*

Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.