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Bilt Mastercard evaluation: Earn rewards for paying rent with no expenses, 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 provide rewards for paying rent with out additional expenses — and you probably can redeem your points for journey, merchandise, and further. While it now offers bonus points on consuming and select journey, must you’re not a renter, it is best to take into consideration totally different no-annual-fee rewards financial institution playing cards as properly.

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

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

The Bilt Mastercard® offers you 1 degree per buck for all rental funds, on up to $50,000 in funds yearly. There’s no standard welcome bonus, nevertheless you probably can earn bonus rewards by referring buddies (2,500 per worthwhile referral), and now every fifth worthwhile referral you make will get you an additional 10,000 points (up to 2,025,000 referral points yearly) — even if you don’t have the cardboard.

What’s distinctive about this card is that you simply want to use it to pay your rent to any landlord, anyplace, with no expenses. You’ll earn points on rent funds (1 degree per buck on up to $50,000 per 12 months), 2x points on journey, 3x points on consuming, and 1 degree per buck on all totally different purchases. However, you want to make a minimal of 5 transactions per assertion interval to earn points.

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

However, must you’re not a renter, there are many totally different rewards credit cards which may earn you further 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 taking part in playing cards won’t be value it must you’re paying curiosity or late expenses. When using a financial institution card, it’s vital to pay your steadiness in full each month, make funds on time, and solely spend what you probably can afford to pay.

How to earn rewards with the Bilt Mastercard

Everyday spending

For a card with a Bilt Mastercard® annual cost, the Bilt Mastercard® offers an excellent return value for widespread spending habits:

  • 1 degree per buck on rent funds (with no expenses) on up to $50,000 in rent funds yearly
  • 2 points per buck on journey booked instantly with airways, resorts, car leases, or cruise traces
  • 3 points per buck on consuming (collectively with meals provide corporations like Uber Eats and GrubHub)
  • 1 degree per buck on all totally different purchases

Again, incomes 1 degree per buck on rent just isn’t the cardboard’s selling degree — it’s the fact that you simply want to use a financial institution card to pay rent with no expenses. The rewards are merely a bonus.

You ought to make a minimal of 5 purchases on the cardboard each billing cycle to be eligible to earn rewards. Bilt wishes 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 totally different spending (often 1 degree per buck)

Rent Day sometimes includes additional promotions, like challenges and trivia questions to earn bonus points, free rent, and totally different perks.

How to use Bilt Rewards points

Transfer points to airline and resort partners

What’s really thrilling with regard to the Bilt Rewards program is that you could be change points to airline and resort loyalty packages, and the gathering of award change partners is comparable to further established financial institution card rewards packages like Chase Ultimate Rewards®, American Express Membership Rewards, and Citi ThankYou Rewards

All transfers are immediate (apart from American Airlines, which could take 24 hours) and at a 1:1 ratio.

Redeem points through the Bilt Travel portal

You can use your Bilt points to e-book flights, resorts, rental cars, and actions through the Bilt Rewards Travel portal at a value of 1.25 cents per degree. Because it’s powered by Expedia, you probably can entry every kind of journey selections throughout the globe, and the value per degree it’s possible you’ll get is greatest than what most totally different monetary establishment portals provide.

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

Use Bilt points for Amazon purchases

Bilt these days added the flexibleness to redeem points at Amazon checkout, comparable to using totally 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 an excellent price for your rewards this vogue — Bilt points are solely value 0.7 cents apiece whilst you redeem them for Amazon purchases.

Use points for well being classes

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

Redeem Bilt points for merchandise

Bilt members can cash of their points throughout the Bilt App for home decor, paintings, and totally different distinctive objects through the Bilt Collection.

Get reductions on rent with points

If you want to reduce your month-to-month payments, you probably can cash in your points for reductions on rent funds. However, it’s possible you’ll solely acquire a value of 0.55 cents per degree.

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

When you’re ready to transition from renting to homeownership, Bilt will provide the prospect to put points in the direction of a down price 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, it’s possible you’ll acquire an additional 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 phone security

When you pay your month-to-month wi-fi bill with your Bilt Mastercard®, you might be eligible for cellphone insurance coverage protection of up to $800 per declare, up to two claims per 12 months. You’ll be matter to a $25 deductible — which is low in distinction to many various financial institution playing cards that provide cellphone security.

Trip delay reimbursement

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

Auto rental collision harm waiver

When you pay for your rental car with your Bilt Mastercard® and decline the rental firm’s in-house insurance coverage protection, it’s possible you’ll acquire foremost rental safety for harm and theft — up to the cash price of the auto. You and totally different drivers on the reservation shall 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 explicit individual for nonrefundable tickets you’ve got paid for with the Bilt Mastercard®. Eligible vacationers embrace you, your associate or dwelling confederate, and your dependent children.

This security will cowl you for points like lack of life, unintentional bodily injury, or the widespread supplier 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 harm or loss for 90 days, for up to $10,000 per declare, and $50,000 per cardholder.

Merchant reductions

Bilt Mastercard® cardholders get wise reductions with in fashion producers. You’ll acquire $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 further rides in a calendar month.

World Elite Concierge corporations

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

Fees and costs

There’s no annual cost for the Bilt Mastercard®, and there are no expenses to pay your rent with it. It’s moreover a good choice must you’re touring abroad, because of it will not add foreign transaction fees.

Like most taking part in playing cards, the Bilt Mastercard® costs expenses for cash advances, late funds, and returned funds.

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

 

Bilt Mastercard®

Chase Sapphire Preferred® Card

Citi Premier® Card

Annual cost

Bilt Mastercard®

Chase Sapphire Preferred® Card

Citi Premier® Card

Rewards value

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

2x points on journey booked instantly with airways, resorts, car leases, or cruise traces

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

1 degree per buck on all totally different purchases

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

5x points on journey purchased through Chase Ultimate Rewards®

2x points on totally different journey

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

5x entire points on Lyft rides through March 2025

1 degree per $1 spent
on all totally different purchases

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

1 degree per buck on the whole thing else

Welcome bonus provide

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 phone insurance coverage protection

Purchase assurance

Lyft, Doordash, and Shoprunner reductions

Mastercard Luxury Hotel & Resorts

World Elite Concierge

No abroad transaction expenses

Complimentary 12 months 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 corporations

Travel accident insurance coverage protection

Roadside dispatch

No abroad transaction expenses

$100 off a single resort hold of $500 or further (excluding taxes and expenses) booked through thankyou.com as quickly as per calendar 12 months

Purchase protection

Extended assure

Access to Citi Entertainment

No abroad transaction expenses

Review

 

Chase Sapphire Preferred card review

Citi Premier card review

Bilt Mastercard vs totally different Wells Fargo financial institution playing cards

 

Bilt Mastercard®

Wells Fargo Active Cash℠ Card

Wells Fargo Autograph℠ Card

Annual cost

Bilt Mastercard®

Wells Fargo Active Cash℠ Card

Wells Fargo Autograph℠ Card 

Rewards value

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

2x points on journey booked instantly with airways, resorts, car leases, or cruise traces

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

1 degree per buck on all totally different purchases

 

2% cash rewards on purchases

3x points on consuming locations, journey, gasoline stations, transit, in fashion streaming corporations, and phone plans

1 degree per buck on all totally different purchases

Welcome bonus provide

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 phone insurance coverage protection

Purchase assurance

Lyft, Doordash, and Shoprunner reductions

Mastercard Luxury Hotel & Resorts

World Elite Concierge

No abroad transaction expenses

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

Cell phone security

Visa Signature Concierge

Roadside dispatch

Travel and emergency assist corporations

Emergency cash disbursement and card different

Access to the Visa Signature Hotel Collection

 

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

Cell phone security

Car rental insurance coverage protection

Emergency cash disbursement and card different

Roadside dispatch

Travel and emergency assist corporations

Visa Signature Concierge

Visa Signature Luxury Hotel Collection

No abroad transaction expenses

Review

 

Wells Fargo Active Cash card review

Wells Fargo Autograph card review

Bilt Mastercard ceaselessly requested questions (FAQs)

Is the Bilt Mastercard value it?

The Bilt Mastercard® is a Bilt Mastercard®-annual-fee financial institution card. That means must you earn solely a single degree yearly, you might be getting further price from the cardboard than you might be paying.

If you generally tend to pay rent with a financial institution card — or must you’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 12 months in transaction expenses. 

How are you in a position to spend Bilt Rewards?

You can use Bilt Rewards for points like merchandise, future rent price, and select well being membership memberships. However, it’s possible you’ll get the biggest 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 won’t earn airline miles instantly, nevertheless you probably can convert your points into airline miles (or resort points) must you need. Bilt in the meanwhile has 14 change partners to choose from — and the guidelines is ever-growing.

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

The Bilt Mastercard® wouldn’t provide a traditional sign-up bonus, nevertheless you probably can nonetheless earn rewards by referring buddies to the cardboard. You’ll get up to 2,025,000 bonus miles value 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 data must you’ve already obtained a bunch of taking part in playing cards from further mainstream banks like Chase, American Express, Citi, or Capital One.

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