Paying rent has always felt like a financial black hole – a major monthly expense with no rewards in return. But what if you could turn your rent payments into travel miles, statement credits, or even a down payment on a home? That’s exactly what the Bilt Mastercard offers.
Unlike most credit cards, which don’t allow you to earn rewards on rent without hefty transaction fees, the Bilt Mastercard lets you rack up points with no extra cost. Plus, it comes with a slew of benefits, no annual fee, and an enticing rewards structure that makes it appealing for everyday spending as well. But is it the right card for you? Let’s break down everything you need to know.
Why the Bilt Mastercard Stands Out: Key Benefits and Perks
Turn Rent into Rewards—Without the Extra Costs
One of the biggest selling points of the Bilt Mastercard is that it lets you earn 1 point per dollar spent on rent payments, without any transaction fees. You can earn up to 100,000 points per year just from paying rent – a game-changer for renters looking to get more out of their monthly expenses.
Maximize Your Spending: Where You Earn the Most Points
Beyond rent, the Bilt Mastercard rewards you in other key spending areas:
- 3x points on dining – Earn triple points at restaurants, coffee shops, and food delivery services.
- 2x points on travel – Get double points on flights, hotels, car rentals, and more.
- 1x points on all other purchases – Use it for groceries, gas, subscriptions, or any other everyday purchases.
- Bonus: Double Points Day – On the first of every month, you can earn double rewards on all purchases (excluding rent), up to 10,000 bonus points.
Spend Your Points Your Way: Travel, Rent, and More
Bilt points aren’t just useful for travel – they offer a wide range of redemption options, including:
- Transfer to Travel Partners: Convert points at a 1:1 ratio to American Airlines, Hyatt, United, and other top-tier loyalty programs.
- Pay Rent with Points: Apply your points directly toward rent payments.
- Statement Credits & Shopping: Use points to cover purchases, gym memberships, or even a future home down payment.
Travel Smarter: Exclusive Perks for Jetsetters
The Bilt Mastercard is a World Elite Mastercard, meaning it comes with travel benefits like:
- Trip cancellation & interruption protection
- Auto rental collision damage waiver
- No foreign transaction fees
- Cell phone protection (up to $800 per claim when you pay your phone bill with the card)
Important Factors to Know Before You Apply
You Need to Use It at Least 5 Times a Month
To keep earning rewards, you’ll need to use your card at least five times per billing cycle. It’s a small commitment, but if you’re already swiping for coffee, groceries, or gas, you’ll hit that mark without even thinking about it.. If you don’t, you won’t earn any points – so it’s best for those who use their credit card regularly.
No Introductory Welcome Bonus
Unlike many rewards credit cards, the Bilt Mastercard doesn’t offer a sign-up bonus. However, its ongoing rewards and perks help make up for the lack of an upfront incentive.
Limited to Renters
This card is specifically designed for renters. If you own a home or don’t pay rent, you won’t fully benefit from its biggest perk – rent rewards.
Bilt Mastercard Fees & Interest Rates: What You Need to Know
- Annual Fee: $0
- Foreign Transaction Fees: None
- APR: Variable, based on creditworthiness
- Late Payment Fee: Up to $40
- Cash Advance Fee: 5% of the amount advanced ($10 minimum)
Step-by-Step Guide: How to Apply for the Bilt Mastercard and Start Earning Rewards
Applying for the Bilt Mastercard is straightforward, and you have a few different options.
Apply Online in Minutes: Secure Your Bilt Mastercard Today
- Visit the official Bilt Rewards website.
- Click on “Apply Now”.
- A pop-up will inform you that you are leaving the Wells Fargo website and heading to BiltRewards.com. This is expected, as Wells Fargo partners with Bilt but does not operate their site. Click on “Continue”.
- Enter your phone number and email as prompted on the application page.
- Click Next to proceed through the terms and conditions, then submit your application and wait for approval.
- Submit and wait for approval.
Through the Bilt Rewards App
- Download the Bilt Rewards app on iOS or Android.
- Sign up for an account and navigate to the credit card section.
- Follow the on-screen instructions to complete your application.
Need Help? Here’s How to Contact Bilt Mastercard Support
If you need assistance, you can reach Bilt Rewards customer support through:
- Phone: Call 1-833-461-0346 for card-related inquiries.
- Website: Visit www.biltrewards.com for FAQs and support.
- App Support: Use the Bilt Rewards app for account management and customer service.
Bilt Mastercard FAQs: Everything You Need to Know
1. Can I use the Bilt Mastercard for non-rent expenses?
Yes! The Bilt Mastercard can be used anywhere Mastercard is accepted, and it earns rewards on dining, travel, and everyday purchases.
2. Do I need to use the Bilt Rewards platform to pay my rent?
Yes, rent payments must be made through the Bilt Rewards platform to qualify for reward points. If your landlord doesn’t accept credit cards, Bilt will mail them a check on your behalf.
3. Does the Bilt Mastercard have an annual fee?
No, the Bilt Mastercard has no annual fee, making it a cost-effective way to earn rewards.
4. What credit score is needed to qualify?
While Wells Fargo doesn’t disclose a specific credit score requirement, a good to excellent credit score (typically 670+) is recommended for approval.
Should You Get the Bilt Mastercard for Rewards on Rent?
For renters who want to earn rewards without paying extra fees, the Bilt Mastercard is a standout choice. With no annual fee, a solid rewards program, and valuable travel perks, it’s an excellent everyday spending card. However, if you don’t pay rent or don’t meet the five-transaction-per-month requirement, you might be better off with another rewards card.
If you’re looking for a unique way to turn rent into rewards, the Bilt Mastercard is absolutely worth considering.
