For those who love collecting credit card rewards, paying rent with a credit card to rack up points is tempting. However, this has often been impractical due to significant fees on credit card transactions, which diminish the value of any rewards earned. Enter the Bilt Mastercard, a game-changer in this space.

This credit card eliminates fees on rent payments and offers attractive rewards, making it an ideal choice for reward enthusiasts. Consider these six key factors to decide if the Bilt credit card suits your needs. This approach ensures you decide whether this card aligns with your financial habits and goals.

Customers who regularly pay for three Lyft rides receive a $5 monthly credit from the Bilt credit card. The free ShopRunner membership offers unlimited two-day shipping and free returns at over 140 online stores.

Earn Rewards by Paying Rent with the Bilt Credit Card

You can pay your rent using the Bilt credit card and avoid additional charges. Typically, rental management companies impose a fee for credit card payments, often about 3% of your rent. This fee can negate any rewards you might accumulate using other credit cards.

However, when you use your Bilt credit card for rent payments, there are no extra fees. With this card, you earn one point for every dollar you spend on rent. This benefit is capped at 100,000 points each year.

Moreover, if you're required to pay rent by check, the Bilt Rewards app offers a solution. You can pay through the app using your Bilt credit card and still accumulate points. In this scenario, Bilt will issue a check to your landlord on your behalf.

Broadening the Use of Bilt Credits

Beyond assisting with home purchases, the Bilt card provides flexibility in utilizing your points. A key feature is the ability to transfer your points to various travel and fitness partners.

These partners include renowned names like World of Hyatt, American Airlines, Hawaiian Airlines, United Airlines, Air Canada, Rumble, Y7 Studio, and SoulCycle. Transferring points to these partners is efficient, adhering to a 1:1 ratio.

Additionally, the Bilt credit card offers the versatility to apply points towards everyday expenses. For example, you can use your Bilt credits to cover your monthly rent or make purchases on Amazon.

This range of options underscores the Bilt card's adaptability, making it a valuable financial tool for significant investments and daily expenditures.

Earning Points on Regular Expenses

With the Bilt credit card, routine transactions can lead to rewards. Using this credit card at least five times per billing cycle is essential to start accumulating points. Achieving this minimum usage ensures you earn at least 1 point for every dollar spent on purchases.

Different types of purchases yield varying amounts of Bilt credits. The Bilt card categorizes spending, rewarding users based on their expenditure. For instance, every dollar spent on rent earns you 1 point, while travel expenses double this reward, offering 2 points per dollar. Dining out or ordering in isn't just about the food; it also brings a triple reward of 3 points for every dollar spent.

Furthermore, the Bilt card enhances these benefits with a special offer. On the first day of each month, cardholders receive double the usual points across all spending categories except for rent payments. This feature adds an extra reward layer to your everyday credit card use.

Essentially, the Bilt credit card transforms mundane transactions into opportunities for earning Bilt credits. Whether paying rent, traveling, or enjoying a meal, your expenditures are not just expenses but also a means to accumulate rewards. This system makes the Bilt card an effective tool for those looking to gain more from their regular spending habits.

Bilt Card Points for Home Purchases

The Bilt credit card stands out due to its unique option that allows cardholders to apply their reward points towards a home down payment. The value of these points is notable, with each point equivalent to 1.5 cents.

This feature becomes particularly significant for those who accumulate points through regular expenses like rent. To illustrate, a collection of 75,000 points translates to $1,125, which can be used for a down payment on a house.

Redeeming these points is straightforward. Send an email to homeownership@biltrewards.com with the details of your home purchase to use Bilt credits for the down payment. Make sure your email specifies how many points you'll use. This process illustrates how the Bilt card goes beyond being a credit card to facilitate significant life purchases.

Unique Advantages of the Bilt Credit Card

The Bilt credit card stands out with its reward system, which adjusts according to your total points. With increasing points, you unlock various levels, offering distinct benefits. For instance, you get a home-buying assistant service, the option to earn interest on your accumulated points, and access to unique presents.

Besides these tier-based perks, the Bilt credit card enhances your experience with several other benefits. It includes a complimentary three-month DashPass membership, which can be an excellent boon for frequent food delivery users.

For those concerned about security, this credit card protects against theft and damage on purchases, providing financial safety. Travelers will appreciate the trip cancellation and delay protection, ensuring peace of mind during unforeseen circumstances. Additionally, the card offers Lyft credits, which can be a significant advantage for regular users of the ride-sharing service.

Creditworthiness

When considering the Bilt credit card, it's important to note that it falls under the category of reward credit cards. These cards are designed to offer purchase points, acting as an attractive proposition for potential cardholders. The rewards system is particularly appealing to those with a strong credit background.

This means that to qualify for such reward-based credit cards. Generally, a good or excellent credit score is necessary. The Bilt credit card, being in this category, is ideally suited for individuals who have already established a reliable credit history.

Getting approval for this card might be challenging for those just starting with credit or with a less-than-ideal credit score. Therefore, the Bilt credit card is an excellent choice for those with a solid foundation in managing credit effectively.