Sally French

And built cash is a bit strange.

It would be great if it was just real cash back and you could get like statement credit or a check in the mail or whatever.

But right now you can only redeem it for certain things in the build ecosystem.

And it expires at the end of the year, which is another thing that doesn't happen with

cash back more generally?

So built cash actually expires at the end of the calendar year, but you can roll over $100 to the following year.

So they're really forcing you to use it on a regular basis.

Let's talk about how you can use it.

So there are some redemption options where one cent of built cash gets you one cent of value.

So that's considered good.

But the big redemption option that everyone's talking about has to do with this new 3% fee for earning points on rent or mortgage payments.

Okay.

So we're going to get into the math portion already.

Here we go.

You need to cover a 3% fee to earn the full one point per dollar on your rent or mortgage payment, right?

But all the purchases you make on this card that are not rent or mortgage payments earn 4% built cash.

I'm going to totally simplify this for you.

You basically need to spend 75% of your rent or mortgage payment on your card in one month to be able to earn enough built cash to cover your fee and unlock all of the housing points.

Oh, I don't do that.

Do you think people do that?