I confess I never took advantage of it... though. Just not a huge holder of HBD, but if I were, I would probably think about it.
Might need some sort of "the longer to take to claim, the more APR you can get" thing?
But it should also have a period of "if you don't claim by this date, it's forfeit. In my view... to avoid long-term problems.
In my view min of 1 month should still be a good thing... max, 1 year. This should (in my view) allow for a lot more room for stabilisation. And also aligns to other finance methodologies, so it might or would help finance at several aspects.