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Review: Is the Bilt Mastercard the best credit card for you?
If you are looking for a credit card that allows you to earn rewards for your rent payments, without paying additional fees, the
The new
What’s unique about this card is that you can use it to pay your rent to any landlord, anywhere, with no fees. After your account’s first month, the amount you earn on rent will be based on the non-rent purchases you make with your card each month:
| Status |
Monthly non-rent spending requirement |
Rewards on rent |
|
Blue |
$250 | 1 point per $2 spent |
|
Silver |
$1,000 | 1 point per $1 spent |
|
Gold |
$2,000 | 1.5 points per $1 spent |
|
Platinum |
$3,500 | 2 points per $1 spent |
So if one month you spent $1,500 on rent on another $1,200 on non-rent payments, then you’d reach the Silver level and earn 1,500 on your rent payment and another 1,200 points on your non-rent payments, for a total of 2,700 points that month.
The Bilt Rewards program offers a number of redemption options, including point transfers to airline and hotel partners, fitness rewards, and merchandise.
However, if you’re not a renter, there are many other rewards credit cards that could earn you more points, miles, or cash back for your spending – with a broader range of ways to redeem your rewards.
Comparison: Bilt Mastercard vs other travel rewards credit cards
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Annual fee |
$0 |
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Rewards rate |
1x points on non-rent purchases 0.5x to 2x on rent payments, depending on monthly non-rent spending (capped at 4,000 points per month) |
5x points on Lyft rides through March 2022 2x points on travel and dining 1 point per dollar on everything else |
3x points on air travel, gas stations, restaurants, supermarkets, and hotels 1 point per dollar on everything else |
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Welcome bonus |
New applicants earn 3x points on their first month’s rent, up to 10,000 points 2x points for non-rent purchases made within the first 30 days |
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Card benefits |
World Elite Mastercard benefits including: Cell phone insurance Purchase assurance Lyft, Doordash, and Shoprunner discounts Mastercard Luxury Hotel & Resorts World Elite Concierge |
Up to $60 back on an eligible Peloton Digital or All-Access Membership through December 31, 2021 Complimentary year of DoorDash DashPass membership (activation required by December 31, 2021) Trip interruption/cancellation Trip delay insurance Baggage delay insurance Lost luggage reimbursement Extended warranty Purchase protection Travel and emergency assistance services Travel accident insurance Roadside dispatch |
$100 off a single hotel stay of $500 or more (excluding taxes and fees) booked through thankyou.com once per calendar year Extended warranty Access to Citi Entertainment |
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Foreign transaction fee |
No |
No |
No |
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Review |
How to use points from the Bilt Mastercard
Transfer points to airline and hotel partners
What’s really exciting about the Bilt Rewards program is that you can transfer points to airline and hotel loyalty programs, and the selection of award transfer partners is comparable to more established credit card rewards programs like Chase Ultimate Rewards, American Express Membership Rewards, and Citi ThankYou Rewards.
All transfers are instant (except American Airlines, which can take 24 hours) and at a 1:1 ratio.
Use points for fitness classes
Bilt Rewards partners with Soul Cycle, Rumble, and Y7, and you can redeem points for group classes or subscriptions, starting at 2,500 points.
Redeem Bilt points for merchandise
Bilt members can cash in their points in the Bilt App for home decor, art, and other exclusive items through the Bilt Collection, starting at 5,000 points.
Get discounts on rent with points
If you want to reduce your monthly expenses, you can cash in your points for discounts on rent payments.
Use points toward a down payment on a mortgage
When you’re ready to transition from renting to home ownership, Bilt will offer the opportunity to put points toward a down payment on a mortgage. When you redeem this way, your points are worth up to 1.5 cents apiece.
Benefits and features
The
Cell phone protection
When you pay your monthly wireless bill with your
Purchase protection
Purchase Assurance Plus covers any eligible new purchase you make with the
Merchant discounts
- Doordash: Get $5 off your first two Doordash orders each month
- Lyft: Pay for three rides in a calendar month with your card and receive a $5 Lyft credit
- Fandango: Spend $20 at Fandango or on Fandango’s streaming service and get a $5 Fandango Reward
- Hello Fresh: Use your card to purchase a HelloFresh meal kit delivery plan, and receive 5% back to use toward your next delivery
- Shoprunner: Receive a complimentary one-year ShopRunner membership and get free two-day shipping and free returns at over 100 merchants
Hotel discounts
Cardholders receive access to the Mastercard Luxury Hotel & Resorts Portfolio which gives you amenities like upgrades, free breakfast, and property credits at over 3,000 hotels.
World Elite Concierge services
Credit protection
The BiltProtect feature allows your rent payment to be taken directly from your account, just like a debit card. This can help your credit score over the long term by lowering your utilization and preventint you from incurring debt.
Fees and costs
There’s no annual fee for the
Read more: The best credit cards without foreign transaction fees
Like most cards, the
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