About the Bilt Mastercard
The Bilt Mastercard is a rewards credit card designed specifically for renters.
Unlike most traditional rewards cards, it allows users to earn points on rent payments without incurring extra fees.
Issued by Wells Fargo, this card offers a range of benefits, including travel rewards, dining perks, and protection features.
Additionally, there is no annual fee, making it an appealing choice for individuals who want to maximize rewards while covering everyday expenses.
Who Should Consider This Card?
The Bilt Mastercard is ideal for individuals who rent their homes and want to earn rewards on their largest monthly expense.
It’s particularly beneficial for those who value flexible redemption options, including travel, statement credits, and even future home down payments.
Frequent travelers and dining enthusiasts may also appreciate the additional rewards offered in these spending categories.
Key Benefits of the Bilt Mastercard
- Earn Points on Rent: Users can earn 1x points per dollar on rent payments (up to 100,000 points per year) without paying extra transaction fees.
- Bonus Categories: Cardholders receive 3x points on dining and 2x points on travel, making it competitive with other travel-focused credit cards.
- No Annual Fee: Unlike many rewards credit cards, the Bilt Mastercard does not charge an annual fee.
- Transfer Partners: Points can be transferred to loyalty programs like American Airlines AAdvantage, World of Hyatt, and more.
- Bilt Rewards Status Tiers: Users can increase their rewards potential by maintaining a higher status in the Bilt Rewards program, based on spending habits.
Additional Features and Protections
- Purchase Protection: Covers eligible purchases against damage or theft.
- Cell Phone Protection: Cardholders receive up to $800 in coverage for stolen or damaged phones, as long as they pay their bill with the Bilt Mastercard.
- Trip Protections: Includes trip cancellation and trip interruption insurance, adding value for frequent travelers.
- Fraud Liability Protection: Provides zero liability on unauthorized transactions.
Fees and Interest Rates
- Annual Fee: $0
- APR: Variable APR based on creditworthiness
- Foreign Transaction Fees: None, making it a great option for international travelers
- Late Payment Fee: Up to $40
- Cash Advance Fee: Either $10 or 5% of the advance amount, whichever is greater
Is the Bilt Mastercard Worth It?
For renters, the Bilt Mastercard is one of the best credit cards available, providing a unique way to earn rewards on rent payments without transaction fees.
The travel benefits and dining rewards also add great value, especially with the flexible redemption options.
Additionally, the lack of an annual fee makes this card an excellent choice for those who want rewards without extra costs.
However, individuals who do not rent or who already use premium travel credit cards with higher earning rates might not find this card as beneficial.
Still, for those looking to maximize rewards on everyday spending, the Bilt Mastercard is a compelling option.
Fees and charges
Late Payment: Up to $40;
● APR: 20.49% - 28.49%;
● Balance Transfer Fee: Up to 5% for each balance transfer, with a minimum of $5;
● Cash Advance: Either $10 or 5% of the amount of each advance.
Expert review
The Bilt Mastercard is a unique credit card that allows cardholders to earn rewards on rent payments without incurring transaction fees.
It also offers valuable travel and dining rewards, making it a strong choice for those looking to maximize spending in these categories.
With no annual fee and premium benefits, such as travel protections and purchase security, this card provides significant value.
However, rewards are maximized through the Bilt Rewards program, which may not be ideal for those who prefer cash back.
Overall, it’s a compelling option for renters and frequent travelers.
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+Pros
- Earn Rewards on Rent: Allows users to earn points on rent payments without transaction fees.
- No Annual Fee: Provides valuable rewards and benefits at no cost.
- Bonus Categories: Earns extra points on dining and travel purchases, maximizing value.
- Flexible Redemption Options: Points can be used for travel, rent payments, fitness memberships, and more.
- Travel and Purchase Protections: Includes trip cancellation insurance, auto rental coverage, and purchase security.
- Cons
- Requires Monthly Spending: Must use the card at least five times per month to earn rewards.
- Limited Cash Back Options: Points are best redeemed through Bilt’s partners, not as direct cash back.
- Credit Requirements: Requires a good to excellent credit score for approval.
