Bilt Mastercard consider: Earn rewards for paying rent with no prices, with points transfers to valuable partners like American Airlines, United, and Hyatt

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The Bilt Mastercard® is the first financial institution card to present rewards for paying rent with out additional prices — and you presumably can redeem your points for journey, merchandise, and additional. While it now presents bonus points on consuming and select journey, for those that’re not a renter, you want to bear in mind completely different no-annual-fee rewards financial institution playing cards as properly.

Review: Is the Bilt Mastercard the simplest financial institution card for you?

If you are wanting for a financial institution card that allows you to earn rewards for your rent payments, with out paying additional prices, the Bilt Mastercard® just isn’t solely a pleasant various, it’s your solely various. 

The Bilt Mastercard® presents you 1 stage per buck for all rental funds, on up to $50,000 in funds yearly. There’s no typical welcome bonus, nonetheless you presumably can earn bonus rewards by referring buddies (2,500 per worthwhile referral), and now every fifth worthwhile referral you make will get you an extra 10,000 points (up to 2,025,000 referral points yearly) — even while you wouldn’t have the cardboard.

What’s distinctive about this card is that you must use it to pay your rent to any landlord, anyplace, with no prices. You’ll earn points on rent funds (1 stage per buck on up to $50,000 per yr), 2x points on journey, 3x points on consuming, and 1 stage per buck on all completely different purchases. However, it is important to make a minimal of 5 transactions per assertion interval to earn points.

The Bilt Rewards program presents loads of redemption selections, collectively with stage transfers to airline and resort partners, reserving journey through its journey portal, rent reductions, well being rewards, and merchandise.

However, for those that’re not a renter, there are quite a few completely different rewards credit cards which may earn you additional points, miles, or cash once more for your spending — with a broader range of how to redeem your rewards.

We’re centered proper right here on the rewards and perks that come with each card. These enjoying playing cards is not going to be worth it for those that’re paying curiosity or late prices. When using a financial institution card, it’s important to pay your steadiness in full each month, make funds on time, and solely spend what you presumably can afford to pay.

How to earn rewards with the Bilt Mastercard

Everyday spending

For a card with a Bilt Mastercard® annual fee, the Bilt Mastercard® presents a great return worth for widespread spending habits:

  • 1 stage per buck on rent funds (with no prices) on up to $50,000 in rent funds yearly
  • 2 points per buck on journey booked immediately with airways, inns, vehicle leases, or cruise strains
  • 3 points per buck on consuming (collectively with meals provide firms like Uber Eats and GrubHub)
  • 1 stage per buck on all completely different purchases

Again, incomes 1 stage per buck on rent just isn’t the cardboard’s selling stage — it’s the reality that you must use a financial institution card to pay rent with no prices. The rewards are merely a bonus.

You ought to make as a minimum 5 purchases on the cardboard each billing cycle to be eligible to earn rewards. Bilt needs this card to be prime of ideas for you each month — previous merely rent funds.

Bilt ‘Rent Day’

On the first day of every month, Bilt runs a “Rent Day” promotion. On Rent Day, cardholders can earn double points on non-rent spending, up to a most of 10,000 bonus points, as follows:

  • 6 points per buck on consuming (often 3 points per buck)
  • 4 points per buck on journey (often 2 points per buck)
  • 2 points per buck on all completely different spending (often 1 stage per buck)
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Rent Day sometimes includes additional promotions, like challenges and trivia questions to earn bonus points, free rent, and completely different perks.

How to use Bilt Rewards points

Transfer points to airline and resort partners

What’s really thrilling with reference to the Bilt Rewards program is which you possibly can change points to airline and resort loyalty functions, and the gathering of award change partners is comparable to additional established financial institution card rewards functions like Chase Ultimate Rewards®, American Express Membership Rewards, and Citi ThankYou Rewards

All transfers are on the spot (apart from American Airlines, which can take 24 hours) and at a 1:1 ratio.

Redeem points through the Bilt Travel portal

You can use your Bilt points to e e-book flights, inns, rental cars, and actions through the Bilt Rewards Travel portal at a worth of 1.25 cents per stage. Because it’s powered by Expedia, you presumably can entry every kind of journey selections throughout the globe, and the value per stage you’re going to get is greatest than what most completely different monetary establishment portals present.

It’s moreover obtained the pliability to study the points worth of a flight booked through the portal to what you’d spend by transferring points to partners for an award flight. This can help tremendously in your decision-making course of when it comes time to redeem your rewards.

Use Bilt points for Amazon purchases

Bilt simply these days added the pliability to redeem points at Amazon checkout, comparable to using completely different versatile rewards points. You can hyperlink your Bilt Mastercard® to your Amazon account and use points to completely or partially pay for a purchase order order. However, you’ll not get a terrific value for your rewards this vogue — Bilt points are solely worth 0.7 cents apiece in the event you redeem them for Amazon purchases.

Use points for well being programs

Bilt Rewards partners with Soul Cycle, Rumble, and Y7, and you presumably can redeem points for group programs or subscriptions.

Redeem Bilt points for merchandise

Bilt members can cash of their points inside the Bilt App for home decor, art work, and completely different distinctive devices through the Bilt Collection.

Get reductions on rent with points

If you want to cut back your month-to-month payments, you presumably can cash in your points for reductions on rent funds. However, you’ll solely receive a worth of 0.55 cents per stage.

Use points in the direction of a down value on a mortgage

When you’re ready to transition from renting to homeownership, Bilt will present the possibility to put points in the direction of a down value on a mortgage.

Benefits and choices

Bonus points for referrals

You will earn 2,500 points for every 5 buddies or relations you refer to this Bilt Mastercard®. For every fifth worthwhile referral, you’ll receive an extra 10,000-point bonus (entire of twenty-two,500 points). You’re allowed to earn points for up to 450 worthwhile referrals for a whopping entire of two,025,000 points.

You don’t even have to have the Bilt Mastercard® to refer buddies. Download the Bilt Rewards app and merely click on on “Invite.”

Cell cellphone security

When you pay your month-to-month wi-fi bill with your Bilt Mastercard®, you’re eligible for cell phone insurance coverage protection of up to $800 per declare, up to two claims per yr. You’ll be subject to a $25 deductible — which is low in distinction to many various financial institution playing cards that present cell phone security.

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Trip delay reimbursement

When your flight is delayed six hours or additional, this card reimburses you for reasonably priced payments akin to meals, lodging, and even extras like leisure and airline lounges. You and all lined vacationers are eligible to receive $200 per day for up to three days (most $1,800 in entire per lined journey).

Auto rental collision damage waiver

When you pay for your rental vehicle with your Bilt Mastercard® and decline the rental firm’s in-house insurance coverage protection, you’ll receive main rental safety for damage and theft — up to the cash value of the car. You and completely different drivers on the reservation will in all probability be lined.

This revenue can forestall $15+ per day over opting for the rental firm’s proprietary safety.

Trip cancellation and interruption security

You are eligible for up to $5,000 per insured particular person for nonrefundable tickets you have got paid for with the Bilt Mastercard®. Eligible vacationers embrace you, your associate or dwelling affiliate, and your dependent children.

This security will cowl you for points like dying, unintentional bodily hurt, or the widespread service defaulting from financial insolvency.

Purchase security

Purchase Assurance Plus covers any eligible new purchase you make with the Bilt Mastercard® in the direction of unintentional damage or loss for 90 days, for up to $10,000 per declare, and $50,000 per cardholder.

Merchant reductions

Bilt Mastercard® cardholders get smart reductions with frequent producers. You’ll receive $5 off your first two Doordash orders each month when using this card. You’ll moreover get a $5 Lyft credit score rating everytime you pay for three or additional rides in a calendar month.

World Elite Concierge firms

Bilt Mastercard® cardholders can entry Mastercard’s World Elite Concierge, which may help with points like hard-to-get restaurant reservations or event tickets.

Fees and costs

There’s no annual fee for the Bilt Mastercard®, and there are no prices to pay your rent with it. It’s moreover a good selection for those that’re touring abroad, on account of it doesn’t add foreign transaction fees.

Like most enjoying playing cards, the Bilt Mastercard® costs prices for cash advances, late funds, and returned funds.

Comparison: Bilt Mastercard vs completely different journey rewards financial institution playing cards

 

Bilt Mastercard®

Chase Sapphire Preferred® Card

Citi Premier® Card

Annual fee

Bilt Mastercard®

Chase Sapphire Preferred® Card

Citi Premier® Card

Rewards worth

1x points on rent purchases (on up to $50,000 yearly)

2x points on journey booked immediately with airways, inns, vehicle leases, or cruise strains

3x points on consuming (collectively with meals provide firms like Uber Eats and GrubHub)

1 stage per buck on all completely different purchases

3x points on consuming, collectively with eligible provide firms, takeout and consuming out

5x points on journey purchased through Chase Ultimate Rewards®

2x points on completely different journey

3x points on select streaming firms and on-line grocery purchases

5x entire points on Lyft rides through March 2025

1 stage per $1 spent
on all completely different purchases

3x points on air journey, gasoline stations, consuming locations, supermarkets, and inns

1 stage per buck on each half else

Welcome bonus present

Bilt Mastercard®

80,000 points

Citi Premier® Card

Card benefits

Double points incomes on non-rent spending on Rent Day (first of the month)

World Elite Mastercard benefits collectively with:

Cell cellphone insurance coverage protection

Purchase assurance

Lyft, Doordash, and Shoprunner reductions

Mastercard Luxury Hotel & Resorts

World Elite Concierge

No worldwide transaction prices

Complimentary yr of DoorDash DashPass membership (activation required by March 31, 2022)

Primary car rental insurance

Trip interruption/cancellation

Trip delay insurance coverage protection

Baggage delay insurance coverage protection

Lost baggage reimbursement

Extended assure

Purchase security

Travel and emergency assist firms

Travel accident insurance coverage protection

Roadside dispatch

No worldwide transaction prices

$100 off a single resort hold of $500 or additional (excluding taxes and prices) booked through thankyou.com as quickly as per calendar yr

Purchase protection

Extended assure

Access to Citi Entertainment

No worldwide transaction prices

Review

 

Chase Sapphire Preferred card review

Citi Premier card review

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Bilt Mastercard vs completely different Wells Fargo financial institution playing cards

 

Bilt Mastercard®

Wells Fargo Active Cash℠ Card

Wells Fargo Autograph℠ Card

Annual fee

Bilt Mastercard®

Wells Fargo Active Cash℠ Card

Wells Fargo Autograph℠ Card 

Rewards worth

1x points on rent purchases (on up to $50,000 yearly)

2x points on journey booked immediately with airways, inns, vehicle leases, or cruise strains

3x points on consuming (collectively with meals provide firms like Uber Eats and GrubHub)

1 stage per buck on all completely different purchases

 

2% cash rewards on purchases

3x points on consuming locations, journey, gasoline stations, transit, frequent streaming firms, and cellphone plans

1 stage per buck on all completely different purchases

Welcome bonus present

Bilt Mastercard®

Wells Fargo Active Cash℠ Card

Wells Fargo Autograph℠ Card

Card benefits

Double points incomes on non-rent spending on Rent Day (first of the month)

World Elite Mastercard benefits collectively with:

Cell cellphone insurance coverage protection

Purchase assurance

Lyft, Doordash, and Shoprunner reductions

Mastercard Luxury Hotel & Resorts

World Elite Concierge

No worldwide transaction prices

Wells Fargo Active Cash® Card (then a Wells Fargo Active Cash℠ Card APR)

Cell cellphone security

Visa Signature Concierge

Roadside dispatch

Travel and emergency assist firms

Emergency cash disbursement and card various

Access to the Visa Signature Hotel Collection

 

Wells Fargo Autograph℠ Card (then a Wells Fargo Autograph℠ Card APR)

Cell cellphone security

Car rental insurance coverage protection

Emergency cash disbursement and card various

Roadside dispatch

Travel and emergency assist firms

Visa Signature Concierge

Visa Signature Luxury Hotel Collection

No worldwide transaction prices

Review

 

Wells Fargo Active Cash card review

Wells Fargo Autograph card review

Bilt Mastercard commonly requested questions (FAQs)

Is the Bilt Mastercard worth it?

The Bilt Mastercard® is a Bilt Mastercard®-annual-fee financial institution card. That means for those that earn solely a single stage yearly, you’re getting additional value from the cardboard than you’re paying.

If you tend to pay rent with a financial institution card — or for those that’d like to— the Bilt Mastercard® is a no-brainer. Depending on how so much you pay in rent, this card could merely forestall $500+ per yr in transaction prices. 

How are you in a position to spend Bilt Rewards?

You can use Bilt Rewards for points like merchandise, future rent value, and select well being membership memberships. However, you’re going to get the most important return for your points by transferring them to valuable journey partners like Hyatt, United Airlines, American Airlines, and Air Canada Aeroplan, or redeeming them through the Bilt Travel portal.

Does the Bilt financial institution card earn airline miles?

You is not going to earn airline miles immediately, nonetheless you presumably can convert your points into airline miles (or resort points) for those that want. Bilt in the intervening time has 14 change partners to choose from — and the itemizing is ever-growing.

Does the Bilt card come with a sign-up bonus?

The Bilt Mastercard® doesn’t present an ordinary sign-up bonus, nonetheless you presumably can nonetheless earn rewards by referring buddies to the cardboard. You’ll stand up to 2,025,000 bonus miles worth of worthwhile referrals to buddies and family (entire of 450 referrals).

Which monetary establishment points the Bilt Mastercard?

Wells Fargo points the Bilt Mastercard®. That’s good info for those that’ve already obtained a bunch of enjoying playing cards from additional mainstream banks like Chase, American Express, Citi, or Capital One.

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