Bilt 2.0 居然是 private credit funded
Bilt 2.0 由 private credit 资助，蓝owl要求优先利润保证引发存疑。
1. 关键信息
- Bilt 2.0 将信用卡债务转移至 Fidem Financial，后者从 Goldman、TD、Blue Owl、Stone Point 获取资金，Stone Point 也是 Fidem 股东。（#1）
- Blue Owl 在交易前夕要求获得项目产生的首几千万美元利润的保证，并审查 Bilt 的前瞻预测后才批准交易。（#1）
- 用户认为 Bilt 模式依赖赚取非精英用户的钱来补贴坛友，能否扩展到大众市场是关键。（#7）
- CEO 被认为“真牛，能忽悠这么多人”。（#11）
2. 羊毛/优惠信息
无
3. 最新动态
- WSJ 报道 Bilt 2.0 资金来源于 private credit，Blue Owl 在最后一刻提出苛刻条件才放行。（#1）
- Blue Owl 可因拖欠率上升或宏观环境轻易撤回 forward-flow 安排。（#1）
- 用户质疑如果项目赚不到承诺的几千万利润，Blue Owl 是否会跑路，Bilt 2.0 能否撑到明年。（#1）
4. 争议或不同意见
- 用户（#5）认为 Bilt 不赚钱，对比 Amex/Chase 才知后者伟大；另一用户（#7）反驳称 Amex/Chase 赚的是“uneducated mass”的钱来补贴用户，Bilt 能否扩展到那个群体才是关键。
- #8 调侃：Bilt “只会杀坛友全家”。
- 部分用户认为这只是“一年抛的卡”，不值得长期持有。（#3）
5. 行动建议
- 观望 Bilt 2.0 的稳定性，尤其关注 Blue Owl 是否实际执行利润保证条款；若未来出现违约或降级风险，可能影响积分兑换和转点伙伴。
- 已持有或计划开卡的用户，可考虑尽快使用积分（如转点至 BR 等伙伴），降低资金链断裂风险。
- 理性看待 Bilt 的长期可持续性，避免大量资金（如房租支付）长期依赖该卡。
WSJ今日最新报道，有paywall https://www.wsj.com/finance/private-credit-is-on-the-hunt-for-credit-card-debt-2d45726b?eafs_enabled=false 节选： It isn’t all upside, fintech and private-credit executives say. Providers of forward-flow arrangements can pull those deals easily—citing reasons ranging from increased delinquencies to macroeconomic conditions. In the Bilt deal, the credit-card debt was moved to Fidem Financial, which acts as a balance sheet and gets funding for the program from Goldman, TD, Blue Owl and Stone Point. (Stone Point is also an owner of Fidem.) Shortly before the Bilt deal was scheduled to be finalized in early February, Blue Owl raised concerns: It wouldn’t continue with the deal, it told parties involved in it, unless several things occurred. Blue Owl wanted a guarantee that would involve its receiving the first tens of millions of dollars of profit generated by the credit-card program and wanted to dig more into the feasibility of Bilt’s forward-looking projections, according to people familiar with the matter. Blue Owl blessed the deal on the eve before the card program was scheduled to transfer its balances away from Wells Fargo. blue owl如果发现这项目根本赚不到tens of millions会不会直接跑路，2.0能撑到明年吗
所以说bilt还是不赚钱吗
反正也是一年抛的卡
我还想明年要不要搞plan呢
搞成這樣還不能賺錢 amex chase 越能理解到他們的偉大
佩服的是 Bilt 可以搞到这么多转点伙伴，就差 BR 了。
weiweiwieweieiw2192: amex chase 越能理解到他們的偉大 根本赚不到坛友的钱 是赚uneducated mass补贴给坛友的 bilt就看能不能扩展到那些人群里
Zwillingsturme: 根本赚不到坛友的钱 只会杀坛友全家
一直只用archive点ph，pay是不可能的
https://archive.ph/Fi3n6
CEO真牛啊，能忽悠这么多人