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The Bilt Mastercard®, issued by Wells Fargo, stands out as a groundbreaking credit card that allows renters to earn rewards on rent payments without any additional fees.
In addition to converting one of life’s largest expenses into valuable rewards, the Bilt Mastercard® offers travel perks, flexible redemption options, and tools to build credit.
Bilt Mastercard®
Earn rewards on rent with no fees—apply for the Bilt Mastercard® and turn your expenses into opportu
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Below, we explore the card’s features, benefits, and strategies to maximize its value, including detailed tables to enhance clarity.
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About the Bilt Mastercard®
The Bilt Mastercard®, issued by Wells Fargo, is a revolutionary credit card designed specifically for renters.
It allows cardholders to earn rewards on rent payments—an expense that typically doesn’t generate points—without incurring additional fees. By turning monthly rent into a source of value, the Bilt Mastercard® fills a unique niche in the rewards card market.
In addition to rent rewards, the card offers a range of perks, including elevated points on dining and travel, flexible redemption options, and tools to help build credit.
Whether you’re a renter looking to maximize your expenses or a traveler who values premium loyalty partners, the Bilt Mastercard® combines innovation, flexibility, and zero annual fees, making it a standout option for everyday use.
Let’s explore its key features and how you can make the most of this game-changing card.
Key Features of the Bilt Mastercard®
| Feature | Details |
|---|---|
| Earn Points on Rent | Earn 1 point per $1 spent on rent payments (up to 100,000 points annually). |
| Bonus Categories | – 3x points on dining. – 2x points on travel. – 1x point on all other purchases. |
| No Annual Fee | The card has no annual fee, making it cost-effective for all users. |
| Rent Payment Flexibility | Rent payments are processed through the Bilt Rewards App at no extra cost to landlords. |
| Credit Building | On-time rent payments are reported to credit bureaus, helping to establish or improve credit. |
| Travel & Partner Transfers | Points can be transferred 1:1 to major loyalty programs, including airlines and hotels. |
| World Elite Mastercard Perks | Includes perks like cell phone protection, extended warranties, and exclusive experiences. |
| No Foreign Transaction Fees | Ideal for international travelers with 0% foreign transaction fees. |
Why the Bilt Mastercard® Stands Out
Earn Rewards on Rent – A Game-Changer
Rent is often a renter’s largest monthly expense, yet most credit cards don’t reward it. The Bilt Mastercard® changes this by allowing you to earn 1 point per $1 spent on rent payments, up to 100,000 points annually, without fees for you or your landlord.
Bonus Rewards for Dining and Travel
In addition to rent, the card offers competitive rewards in bonus categories:
- 3x points on dining at restaurants, making it ideal for food enthusiasts.
- 2x points on travel, including flights, hotels, car rentals, and rideshares.
This structure ensures the card earns valuable rewards both at home and on the go.
Flexibility of Redemption
Bilt Rewards points can be redeemed in various ways:
| Redemption Option | Details | Value per Point |
|---|---|---|
| Travel Transfers | Transfer points 1:1 to top partners like American Airlines AAdvantage®, United MileagePlus®, and World of Hyatt®. | ~1.5–2 cents |
| Rent Payment Credits | Use points to cover future rent payments. | 1 cent |
| Home Down Payment | Convert points toward a down payment on a home purchase. | 1.5 cents |
| Merchandise & Gift Cards | Redeem points for curated merchandise or gift cards. | Varies |
| Fitness Classes | Use points for classes at top fitness studios like SoulCycle® and Rumble. | Varies |
No Annual Fee
Despite offering premium perks and flexible rewards, the Bilt Mastercard® charges no annual fee, making it highly attractive for cost-conscious users.
Credit Building with Rent Payments
For renters looking to build or improve their credit, the Bilt Mastercard® reports on-time rent payments to major credit bureaus. This feature helps establish a positive credit history without taking on additional debt.
Benefits of the Bilt Mastercard®
| Benefit | Details |
|---|---|
| Rent Rewards | Earn 1x points on rent payments with no landlord fees. |
| Flexible Points Redemption | Redeem points for travel, rent credits, or a home down payment. |
| Top Travel Partners | Transfer points 1:1 to over 10 airline and hotel partners. |
| No Annual Fee | Premium rewards and benefits without an annual cost. |
| World Elite Mastercard® Perks | Includes cell phone protection (up to $800 per claim), travel protections, and more. |
| Credit Building | Reports rent payments to credit bureaus to help improve your credit score. |
| No Foreign Transaction Fees | Spend freely abroad without worrying about extra charges. |
Potential Drawbacks of the Bilt Mastercard®
| Drawback | Explanation |
|---|---|
| No Welcome Bonus | Unlike many travel cards, the Bilt Mastercard® does not offer an initial sign-up bonus. |
| Annual Rent Rewards Limit | Rewards on rent payments are capped at 100,000 points annually. |
| Requires Bilt App for Rent | Rent must be paid through the Bilt Rewards App, which may not suit all landlords. |
| High Interest Rates | Carrying a balance can result in high interest charges, negating the card’s value. |
How to Apply for the Bilt Mastercard®
Applying for the Bilt Mastercard® is a straightforward process. Follow these steps to get started:
- Check Eligibility
- Ensure you meet basic requirements such as:
- Being at least 18 years old.
- Having a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
- Meeting minimum credit score requirements (typically good credit, around 670+).
- Ensure you meet basic requirements such as:
- Visit the Official Bilt Website
- Go to the Bilt Rewards website or download the Bilt Rewards App to initiate the application process.
- Complete the Online Application
- Fill in required information, including:
- Personal details (name, address, date of birth).
- Income and employment information.
- Contact information like email and phone number.
- Fill in required information, including:
- Submit and Await Approval
- Once submitted, Wells Fargo will review your application and perform a credit check. Approval decisions are often made within minutes.
- Activate Your Card
- Upon approval, you will receive your Bilt Mastercard® in the mail. Follow the activation instructions provided to start earning rewards immediately.
- Set Up the Bilt Rewards App
- Link your card to the Bilt Rewards App to manage rent payments, track points, and access exclusive perks.
You will be redirected to another site.
Tips for Approval
- Ensure your credit score meets the card’s requirements.
- Pay down existing debts to improve your debt-to-income ratio.
- Provide accurate and up-to-date information during the application process.
By following these steps, you can quickly start earning points on your rent payments and maximizing the benefits of the Bilt Mastercard®.
Who Should Get the Bilt Mastercard®?
The Bilt Mastercard® is best suited for:
- Renters: Anyone looking to turn their monthly rent into valuable rewards without fees.
- Travel Enthusiasts: Users who value transferring points to premium travel partners for flights and hotels.
- Credit Builders: Individuals who want to build or improve their credit by reporting rent payments.
- Budget-Conscious Users: Those seeking premium benefits without paying an annual fee.
Tips to Maximize Your Bilt Mastercard®
Always Pay Rent via the Bilt Rewards App
Ensure your rent payments are made through the Bilt app to earn points without additional fees.Use the Card for Dining and Travel
Earn 3x points at restaurants and 2x points on travel expenses to maximize rewards.Transfer Points to Travel Partners
Redeem points by transferring to airline and hotel partners for high-value redemptions.Build Credit with On-Time Payments
Use the card responsibly and ensure on-time rent payments to strengthen your credit score.Avoid Interest Charges
Always pay your statement balance in full each month to avoid high APR charges.
Conclusion
The Bilt Mastercard® redefines credit card rewards by allowing renters to earn points on their rent payments—something no other card currently offers.
With flexible redemption options, no annual fee, and valuable travel partnerships, this card is perfect for renters, travelers, and anyone looking to maximize their rewards while building credit.
For those seeking to turn a significant monthly expense into something more rewarding, the Bilt Mastercard® delivers exceptional value.
Read more: What You Need to Know About Accessing Your Free Credit Scores
FAQ
Does the Bilt Mastercard® charge an annual fee?
No, the card has no annual fee.
How do I earn points on rent?
Pay your rent via the Bilt Rewards App to earn 1 point per dollar spent, with no fees for you or your landlord.
What are the best ways to redeem Bilt points?
The best value comes from transferring points to travel partners like American Airlines or World of Hyatt.
Is the Bilt Mastercard® good for building credit?
Yes, rent payments are reported to credit bureaus, helping you establish a positive credit history.
Does the Bilt Mastercard® have foreign transaction fees?
No, it does not charge foreign transaction fees, making it ideal for international use.