Bilt Mastercard: Maximizing Rewards on Rent Payments
Author: physixfan | Updated: October 10, 2024
Latest Updates on the Bilt Mastercard
- October 2024 Update: Bilt has added two new transfer partners: Accor (with a transfer ratio of 3:2) and TAP (1:1). Bilt points with Accor are now valued at approximately 1.33 euro cents per point or about 1.46 USD cents.
- September 2024 Update: Rent Day’s bonus point cap will change from 10,000 to 1,000 bonus points, effective October 1, 2024.
- June 2024 Update: Bilt no longer includes American Airlines as a transfer partner as of June 24, 2024.
Application Link
Features and Benefits of the Bilt Mastercard
-
No Transaction Fees on Rent Payments: Seamlessly pay rent via the Bilt app or website without any transaction fees. Even non-participating landlords can receive rent via a custom routing and account number, or a check can be sent.
-
Valuable Bilt Points: Estimated at 1.6 cents per point, Bilt points have high value with transferable partners like Hyatt, AA, and UA. Further discussion on their value follows.
-
Point-Earning Opportunities:
- Earn 1x points on rent, up to 100k points annually.
- Earn 3x points on dining.
- Earn 2x points on travel.
- Earn 1x points on all other purchases.
-
Usage Requirement: To earn points, use the card at least five times each statement period.
-
Rent Day Perks: Double points on non-rent purchases on the first of each month, earning up to 1,000 bonus points.
- Additional Benefits:
- Trip Delay Reimbursement
- Auto Rental Collision Damage Waiver
- Cellular Telephone Protection
- No Foreign Transaction Fees
Use the application link for further details on product features, terms, and conditions.
Disadvantages
- No Sign-Up Bonus: Currently, there is no introductory bonus.
- Usage Requirement: Must use the card five times per statement to activate point accumulation.
- Limitations on Payments: Mortgages are not payable via Bilt. The given routing and account numbers cannot be used for tuition or similar payments, with penalties for unauthorized transactions.
Bilt Rewards Points: Versatile and Valuable
Bilt offers an impressive range of 1:1 transferable partners:
- New Partners: Accor (3:2 ratio), TAP Miles&Go
- Key Partners: Aer Lingus, Alaska Airlines, Air Canada, British Airways, Cathay Pacific, Emirates, Air France, Iberia, Marriott, Turkish Airlines, Virgin Atlantic, Hawaiian Airlines, United Airlines, World of Hyatt, IHG
Note the value and rarity of earning points with Hyatt, UA, and the former AA partnership.
Redemption Options:
- Bilt travel portal, with Expedia, at 1.25 cents/point.
- Statement credit at a less favorable 0.55 cents/point.
Summary
The Bilt Mastercard offers a unique opportunity to earn rewards on rent, a typically non-rewardable expense. Its strong transfer partnerships, such as Hyatt and UA, enhance point value significantly. While Bilt is still expanding its features, it presents a solid rewards system. With future enhancements, such as mortgage payment options, it could be even more compelling.
Historical Offers Chart
Engage Further
If you find this review helpful, please consider giving it a 5-star rating!
