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The Bilt Mastercard has no annual fee, lets you earn points paying rent on your card, and has bonus categories similar to a Sapphire Preferred Card as well (2x travel, 3x dining). If you rent an apartment or house you can be 50,000 points richer each year with this card, and points transfer to great airline and hotel partners.
There’s a waiting list to get the card, but they gave me a code to skip the waitlist to share on this site. I do not receive referral credit of any kind if you do.
Now that I’m no longer under 5/24 (I’ve recently gotten Sapphire Preferred, a Southwest card and new Venture X) I decided to apply for the Bilt card and was approved instantly.
Earn Points On Your Rent
The card earns up to 50,000 points per year paying rent at no fee. Paying $50,000 in rent would cost you $1250 if you used Plastiq.com to charge your rewards credit card and send your landlord a check. Now you can charge up to $50,000 in rent each year and earn transferable points without paying any fee.
In order to earn points on your spend each month you must make at least 5 transactions on the card that month. That’s easy to meet, splitting up a single grocery or gas station trip into multiple purchases. But the idea is they want cardmembers using the card and not just doing a single ‘one and done’ rent transaction because that’s going to be a big money-loser.
I am a homeowner. I don’t rent. It’s still a good card without being able to take advantage of this unique benefit (and the Bilt Mastercard is unquestionably the best no annual fee rewards card as well). My reason for getting it was mostly to experience the Bilt program, to dive into the Bilt app (they have really good articles on redeeming points actually), so that I could speak about it more intelligently.
I value Bilt points at 1.7 cents apiece. Points in the Bilt program transfer to:
- Airlines: American AAdvantage, Air Canada Aeroplan, Emirates Skywards, Air France KLM Flying Blue, Turkish Miles & Smiles, Virgin Atlantic Flying Club, Hawaiian Airlines HawaiianMiles
- Hotels: Hyatt, IHG Rewards
This set of partners is at least as good as Chase’s transfer partners in my view.
Earn Interest On Your Points
Earn 25,000 points a year and you earn interest on your unredeemed balance in the program, which is fairly unique. At today’s low interest rates that doesn’t get you a lot of points, but it’s a built-in way to generate trust – your point balances grow rather than being devalued. Or at least that’s what I hope to see.
I’ve referred to Bilt not offering an up front card bonus, and others have made that mistake. It’s not actually true – you earn double points on non-bonused spend for your spend during your first 30 days as a cardmember. They make a digital card available right away so you can use your full 30 days for this.
How You Can Apply
There’s a waitlist to join the program, and it reportedly takes months to be invited in at the moment. However you can go to BiltRewards.com/waitlist, enter your email to joint the waitlist, and you’ll be asked if you have a fast track code. VFTW4BILT will take you right in. (I do not receive any referral credit for this, I simply pass this along as a service to you.)
You sign up for their waitlist, verify your email, and then you can enter the code to go straight to the application. I used the code myself and was approved instantly with a good credit limit.
If you pay rent, you’ll want to be a member of this program (timely rent payments can actually be reported to credit agencies, potentially improving your credit score too). And this gets you immediate access instead of having to wait months to be invited off their waitlist.
It’s a direct competitor to Sapphire Preferred that can give you up to 50,000 points per year paying rent as a unique advantage, but that doesn’t have a big initial bonus.
As long as you’re not working hard to avoid any card applications right now (about to get a mortgage, trying to stay under 5/24 for Chase cards) and you rent this card is a no-brainer. And it is strong for more than just rent. Plus they’ve invested in Mastercard protections including Premium Cell Phone Protection; Purchase Protection; concierge; Trip Cancellation; and Trip Delay.