The Bilt Rewards Mastercard has emerged as a game-changer for renters looking to earn travel rewards through their rent payments. With its unique structure, this card provides an opportunity to accumulate points that can be transferred to airline and hotel partners, enhancing the value of your everyday expenses.
In this article, we will explore 9 things to know about the Bilt Rewards Mastercard, including its key features, benefits, and upcoming changes with the new Bilt Card 2.0 launching in 2026.
Key details about the Bilt Rewards Mastercard
The Bilt Rewards Mastercard allows users to earn points on rent payments, a feature not commonly found in traditional reward cards. With the ability to earn up to 100,000 points annually, cardholders can enjoy an impressive earning potential. Additionally, there is no annual fee, making this card even more appealing.
Points can be redeemed for various uses, including travel bookings, which can greatly benefit frequent travelers. Cardholders earn 3x points on dining, 2x points on travel, and points for every Lyft ride, maximizing their earning potential across different spending categories.
To qualify for earning points, users must ensure at least five transactions per billing cycle. This structure encourages consistent usage, making it easier to rack up points over time.
Bilt card 2.0 new timeline confirmed: here’s what we know
On February 7, 2026, Bilt will introduce its new Bilt Card 2.0, which promises to bring a range of new benefits and features. This upgrade includes the ability to earn points on mortgage payments, expanding the card's utility for homeowners as well.
The Bilt Card 2.0 will transition from its current structure, which is operated by Wells Fargo, to a more versatile rewards platform. This shift aims to provide cardholders with new earning options and potentially improved point rates.
Details about the exact features of the new cards will be announced in January 2024. Existing cardholders will have the opportunity to upgrade seamlessly, ensuring they can continue to enjoy the benefits without disruption.
How to earn Bilt rewards points
With the Bilt Mastercard, earning points is straightforward and designed to fit seamlessly into your daily spending habits. Here are the primary ways to accumulate Bilt Rewards points:
- Rent Payments: Earn up to 100,000 points annually on rent payments.
- Dining: Get 3x points on dining expenditures.
- Travel: Earn 2x points on travel-related purchases.
- Lyft Rides: Receive bonus points for every ride taken.
- Monthly Bonuses: Enjoy extra points on special occasions like Rent Day.
This structure not only rewards renters but also encourages spending in areas that typically yield little to no rewards. By diversifying earning categories, the Bilt Mastercard enhances its appeal across various user bases.
How to redeem Bilt rewards points
Redeeming Bilt Rewards points is designed to be user-friendly and flexible. Points can be used in several ways, making them valuable for travelers:
- Travel Bookings: Use points to book flights and hotels directly.
- Point Transfers: Transfer points to airline and hotel partners for potentially higher value.
- Gift Cards: Exchange points for gift cards from various retailers.
- Charitable Donations: Donate points to selected non-profits.
This flexibility in redemption options ensures that even if you're not a frequent traveler, you can still make the most of your accumulated points.
Bilt rewards elite status explained
Bilt Rewards also offers an elite status program, which provides additional benefits for frequent users. Achieving elite status can unlock exclusive perks, such as:
- Bonus Earning Rates: Higher points accumulation rates on eligible purchases.
- Exclusive Offers: Access to special promotions and deals.
- Priority Support: Enhanced customer service for elite members.
This program is designed to reward loyal users, encouraging more frequent usage of the card while providing an incentive to reach higher tiers of membership.
Perks of having the Bilt Mastercard
The Bilt Mastercard is not just about earning points; it also comes with a variety of additional benefits that enhance its overall value:
One of the standout features is the lack of an annual fee, which is uncommon for a rewards card. Additionally, the card offers a Rent Day bonus, allowing users to earn double points on rent payments made on this day.
Moreover, the Bilt app allows users to track their points and offers integrated tools to manage their spending effectively. It’s a comprehensive solution tailored for renters and travelers alike.
Is the Bilt Mastercard worth it?
When considering whether the Bilt Mastercard is worth it, several factors come into play. The card’s unique ability to allow renters to earn points on their rent payments is a significant advantage, especially for those who pay a substantial amount each month.
Another aspect to consider is the card's absence of an annual fee, making it a low-risk option for those who want to dip their toes into the rewards world without financial commitment. However, it does require at least five transactions per month to earn points, which may not suit everyone.
Ultimately, the card’s value depends on your spending habits and whether you can utilize its features fully. For frequent renters and travelers, the Bilt Mastercard can be an excellent financial tool.
What to know about the Bilt card?
Before applying for the Bilt Mastercard, there are a few key aspects to consider:
- Approval Requirements: Understand the criteria for approval, as it may be challenging for those with less-than-perfect credit histories.
- Transaction Requirements: Remember the need for at least five transactions per billing cycle to earn points.
- Future Changes: Be aware of the upcoming changes with the Bilt Card 2.0 and how they might affect your benefits.
By keeping these factors in mind, potential cardholders can make informed decisions about whether the Bilt Mastercard aligns with their financial goals.
Related questions about the Bilt Rewards Mastercard
What are the downsides of the Bilt Mastercard?
While the Bilt Mastercard offers numerous benefits, it does come with some downsides. One of the primary concerns is the requirement for a minimum of five transactions each billing cycle to earn points, which can be limiting for users who do not frequently use the card.
Additionally, there is no welcoming bonus, which is a common incentive with many credit cards, potentially making it less attractive for new users. Lastly, the points earned on rent payments are capped at 100,000 points per year, which may not be sufficient for those with higher rent payments.
What to know about the Bilt card?
The Bilt card is designed primarily for renters, allowing them to earn rewards on their largest monthly expense: rent. It's important to understand that while it offers benefits, it also requires regular use to maximize its potential.
Additionally, the ability to transfer points to travel partners adds significant value, making it appealing for those who travel frequently. Be mindful of the upcoming changes with Bilt Card 2.0, as they may enhance the features of the card further.
Is Bilt a good credit card to have?
The Bilt Mastercard can be a good choice for those who primarily pay rent and wish to earn rewards without incurring an annual fee. It is especially beneficial for individuals looking to accumulate travel rewards easily.
However, it may not be the best option for everyone. Users who do not frequently spend or those who prefer cards with welcome bonuses might find better alternatives. It's essential to assess your spending habits and see if the Bilt Mastercard aligns with your financial goals.
How hard is it to get approved for the Bilt Mastercard?
The approval process for the Bilt Mastercard can vary based on your credit history and financial situation. Generally, applicants with a good to excellent credit score have a higher chance of getting approved.
Potential applicants should also consider their income levels and existing debts, as these factors can impact approval. Overall, while it may be accessible for many, individuals with lower credit scores could find it more challenging to gain approval.
