The Bilt Mastercard®  is a unique no-annual-fee card that lets you earn points on rent payments without any transaction fees. The card is a great way to earn additional points for travel since they are transferable to select travel partners. Rates & Fees

Earning Rewards

Use the card 5 times each statement period to earn points

• 1X points on rent payments without the transaction fee, up to 100,000 points each calendar year
• 2X points on travel
• 3X points on dining
• 1X points on other purchases

Rent

Earn 1 rewards point per $1 spent on rent paid through the Bilt app or website with your card account up to a maximum of 100,000 points each calendar year. If your rent payment is less than $250, you will earn 250 points for that rent payment. Rent payments can only be made to one rental property per month.

Use the card 5 times each statement period to earn points.

What Qualifies as Travel?

It’s important to note that travel is not a broad category. The travel merchant code for Mastercard is classified as airlines, hotels, motels, resorts, cruise lines, and car rental agencies. 

Per the Bilt terms, the following are not considered travel: bus lines, passenger railways/trains, taxicabs and limousines, rideshares, ferries, timeshares, travel agencies, online travel sites, real estate agents, vacation rental platforms (e.g. VRBO, Airbnb), campgrounds, boat lease/rental, motor home/recreational vehicle rental, toll bridges and highways, parking lots, and garages.

Merchant code for Mastercard is classified as Travel: airlines, hotels, motels, resorts, cruise lines, and car rental agencies (bus lines, passenger railways/trains, taxicabs and limousines, rideshares, ferries, timeshares, travel agencies, online travel sites, real estate agents, vacation rental platforms (e.g. VRBO, Airbnb), campgrounds, boat lease/rental, motor home/recreational vehicle rental, toll bridges and highways, parking lots, and garages are not included).

Rent Day and Double Points Promotion

On the first of every month, you can earn even more points on Rent Day (excluding rent, up to 1,000 bonus points). Get 6X on dining, 4X on travel, and 2X on other purchases. Rent is excluded from earning double points.

How Much are Bilt Points Worth? 

Bilt points are flexible and can be redeemed in various ways, including:

• Bilt has 16 transfer partners that allow members to book with thousands of airlines and hotels.
• Book fitness classes with SoulCycle, Y7 Studio®, and SolidCore.
• Make Amazon purchases. 
• Towards future rent payments.
•  Toward a down payment on a home.

Value of Bilt Points

Depending on how you decide to redeem Bilt points, the value varies drastically from not the best to amazing value.

• Not the best value:
  • Cash out for future rent payments = 0.55 Cents Per Point (CPP)
  • Amazon shop = 0.7 CPP 
  • Fitness classes, but can vary slightly depending on the studio = ~ 1 CPP 
  • Bilt collection, can vary = ~ 1 CPP
     
• Okay value:
  • Booking travel through the Bilt Rewards Travel Portal = 1.25 CPP
  • Redeem points towards a down payment = 1.5 CPP
     
• Amazing value:
  • Transfer to partners for aspirational travel and first and business class, generally 2 CPP here and arguably 3 CPP or higher depending on the partner.

Bilt Transfer Partners

The best way to maximize the value of Bilt points is to transfer them to travel transfer partners, which include 13+ airline loyalty programs and hotel loyalty programs. You can transfer points at a 1:1 ratio to the following programs:

• Aer Lingus AerClub
• Air Canada Aeroplan
• Air France-KLM Flying Blue
• Alaska Airlines Mileage Plan
• Avianca LifeMiles
• British Airways Executive Club
• Cathay Pacific Asia Miles
• Emirates Skywards
• Hawaiian Airlines HawaiianMiles
• Iberia Plus
• IHG One Rewards
• Marriott Bonvoy
• Turkish Airlines Miles&Smiles
• United MileagePlus
• Virgin Atlantic Flying Club
• World of Hyatt

Bilt Card Benefits and Protections

The Bilt card offers a wide range of travel protections and benefits, including:

• Auto Rental Collision Damage Waiver
• Trip Delay Reimbursement
• No Foreign Transaction Fee
• Trip Cancellation and Interruption Protection
• Purchase Security
• Cellular Telephone Protection – up to $800 of cell phone protection against damage or theft. Subject to a $25 deductible
• Lyft credits - Take 3 rides in one calendar month, and get a $5 Lyft credit with your Bilt Mastercard. See terms.
• Other Mastercard World Elite benefits

Terms and conditions apply to benefits and protections.

The travel protections are very competitive for a no-annual-fee credit card, and are on par with a few entry-level travel cards with an annual fee.

How to Pay Rent With a Credit Card

With Bilt, renters have the opportunity to earn points at any property, regardless of their landlord's preferred payment method (unless they only accept Zelle). To earn points on your rent payment, you can have Bilt send a physical check directly to your landlord, or you can use the Bilt Virtual Account to make payments through ACH. Your rent payment then gets put on your Bilt credit card statement.

How to Pay Rent With Bilt Credit Card

1. Login to your Bilt account on the website or mobile app.
2. Select the “Pay Rent” tab.
3. Review your rent payment charges, and then continue to make payment.
4. On the Payment Summary page, you can review the payment amount and method before you submit the payment.

Main Takeaway

The Bilt Mastercard is a great no-annual-fee card to consider to accumulate points on everyday spending and rent. If you plan on utilizing one of the travel transfer partners, you can maximize value by redeeming the points for business/first-class flights or hotel stays. Rates & Fees