Bilt Credit Card Review 2024: How to Earn Rewards on Rent Payments

If you’re someone who wants to earn rewards without giving up on paying rent, the Bilt Credit Card could be your perfect companion. This article will explore the features, benefits, and real-world examples of how this card solves common problems and why you should consider getting it.

What Is the Bilt Credit Card?

The Bilt Credit Card is a revolutionary financial product designed specifically for renters, offering an unprecedented opportunity to earn rewards on one of the largest and most consistent expenses in people’s lives: rent. Unlike traditional credit cards, which focus on rewarding purchases such as dining, travel, or groceries, the Bilt Credit Card allows users to earn rewards on their rent payments without incurring transaction fees. This makes it a unique option for individuals looking to maximize their financial benefits from everyday spending.

Key Features of the Bilt Credit Card

1. Earn Points on Rent Payments

The standout feature of the Bilt Credit Card is its ability to allow users to earn rewards on rent payments. Traditionally, paying rent via a credit card is not feasible for many because landlords either don’t accept cards or charge a high transaction fee (typically 2%-3%) to cover the processing cost. With Bilt, this problem is solved. Even if your landlord doesn’t accept credit cards, you can still pay your rent through the Bilt Rewards App, which will send a check on your behalf, ensuring you earn points with every payment. These points can be redeemed for a variety of rewards, making rent more than just an expense—it becomes an investment in your future.

2. No Annual Fee

One of the most significant barriers people face when considering a rewards credit card is the annual fee. Many premium rewards cards charge fees ranging from $95 to $500 or more, which can make the benefits less appealing for the average user. The Bilt Credit Card, however, comes with no annual fee, meaning you can enjoy all the benefits without any upfront or recurring costs. This feature makes it an incredibly attractive option for those who want to earn rewards without the burden of additional fees.

3. Comprehensive Rewards Program

In addition to rent rewards, the Bilt Credit Card allows users to earn points on other everyday purchases, such as dining, travel, and shopping. Here’s how the rewards structure breaks down:

• 1x points on rent payments (up to 50,000 points annually)
• 2x points on travel bookings, including flights, hotels, and car rentals
• 3x points on dining at restaurants
• 1x points on all other purchases

This means that not only are you rewarded for paying rent, but you also earn significant points on your everyday spending, especially when dining out or traveling.

4. Transferable Points to Travel Partners

One of the biggest advantages of the Bilt Credit Card is the flexibility of its rewards program. Bilt Rewards points can be transferred to leading airline and hotel partners, making it an excellent choice for travelers. Transfer partners include well-known brands like American Airlines AAdvantage, World of Hyatt, and United MileagePlus. This feature allows cardholders to maximize the value of their points by transferring them to programs where they can redeem them for flights, hotel stays, or other travel perks.

5. Exclusive Access to the Bilt Collection

Bilt Credit Cardholders also get exclusive access to the Bilt Collection, a carefully curated marketplace of premium merchandise and experiences. From luxury home decor to high-end fashion, cardholders can redeem their points for limited-edition products that are not available elsewhere. This adds an extra layer of value to the card, making it appealing not just for travelers but also for those interested in exclusive shopping experiences.

6. Build Credit History

One of the indirect but essential benefits of the Bilt Credit Card is that it helps you build or improve your credit score. Since rent is often one of the largest monthly expenses for individuals, making consistent, on-time rent payments through the Bilt Credit Card can positively impact your credit history. This is particularly beneficial for renters who may not have a long credit history and are looking for ways to build their credit score.

Why Is the Bilt Credit Card Unique?

The Bilt Credit Card is groundbreaking because it addresses a fundamental gap in the market: the ability to earn rewards on rent payments. Until Bilt introduced this product, renters had very few options to earn rewards on their rent payments, especially without incurring hefty fees. Here’s why this card stands out:

• No Transaction Fees for Rent Payments: While it’s possible to pay rent using other credit cards, most cards impose a transaction fee, which can range from 2%-3% of the rent amount. With Bilt, there are no such fees, making it a cost-effective way to earn rewards on rent.
• Partnership with Major Real Estate Platforms: Bilt has partnered with major real estate companies and platforms to facilitate seamless rent payments. If your property manager or landlord is part of the Bilt Rewards Alliance, paying rent is even easier. If not, you can still use the Bilt app to send a check on your behalf.
• Earn Points for the Largest Monthly Expense: Rent is typically the largest monthly expense for many individuals, especially in major cities. Earning points on this payment can significantly boost your rewards balance compared to traditional credit cards that only reward smaller purchases like dining or groceries.
• No Annual Fee: Many rewards cards that offer premium benefits often come with a hefty annual fee. Bilt offers high-value rewards without this financial barrier, making it accessible to more people.

In summary, the Bilt Credit Card is designed with renters in mind, providing them with a valuable opportunity to earn rewards on rent payments, while also offering a robust rewards structure for travel, dining, and shopping. Its unique benefits, such as the absence of transaction fees on rent and no annual fee, set it apart from other credit cards in the market. Whether you’re looking to earn points on rent, travel more frequently, or access exclusive rewards, the Bilt Credit Card offers something for everyone.

Benefits of Using the Bilt Credit Card

1. Earn Points on Rent Payments

Bilt Credit Card is the first credit card that allows you to earn points just for paying rent. Normally, rent payments don’t come with rewards like other purchases, but with Bilt, every payment helps you accumulate points that can be used for travel, shopping, and more.

2. Travel with Ease 

With transfer partners such as American Airlines, World of Hyatt, and United, you can easily redeem your points for flights and hotel stays. Bilt makes it possible to travel without breaking the bank, giving frequent travelers a huge advantage.

3. No Annual Fee 

Unlike most rewards credit cards, the Bilt Credit Card doesn’t charge an annual fee. That means you can enjoy all the benefits and rewards without worrying about extra costs.

4. Access to the Bilt Collection 

You can redeem points for high-end merchandise, including limited-edition items through the Bilt Collection. This unique feature makes it appealing for those who enjoy premium products and services.

Real-World Examples of the Bilt Credit Card in Action

1. Renting Made Easy for Apartment Dwellers

If you’re renting an apartment and your landlord doesn’t accept credit card payments, Bilt allows you to pay your rent via the Bilt app, where they will mail a check on your behalf, and you still earn points.

Apply for Bilt Credit Card

2. Perfect for Frequent Travelers

For those who frequently travel, the ability to transfer points to airline and hotel partners like American Airlines and World of Hyatt is a game-changer.

Learn More About Bilt Credit Card

3. Shopping for High-End Products

If you enjoy shopping for premium items, the Bilt Collection offers exclusive access to limited edition products.

Explore Bilt Collection

4. First-Time Renters

First-time renters who are looking to build credit while making everyday payments will find the Bilt Credit Card especially useful, as it allows you to build your credit score without incurring extra fees.

5. Homeowners Earning Points on Mortgage Payments

While primarily focused on rent, Bilt also offers some reward options for mortgage payments, making it useful even after you’ve transitioned from renting to owning.

Product Comparison: Bilt Credit Card vs Other Rewards Cards

Feature	Bilt Credit Card	Chase Sapphire Preferred	American Express Gold
Annual Fee	$0	$95	$250
Rent Payment Rewards	Yes, via Bilt app	No	No
Travel Rewards	Yes, multiple transfer partners	Yes, but limited	Yes, but with higher fees
Purchase Rewards	Yes, including dining and shopping	Yes, but fewer categories	Yes, focused on dining
Pros	No fee, rent rewards, travel partners	Great travel rewards	Dining rewards, premium perks
Cons	Limited to rent and certain purchases	Annual fee	Higher fees, fewer categories

Where and How to Buy the Bilt Credit Card

Getting the Bilt Credit Card is a straightforward and seamless process that can be done entirely online. Below, we’ll break down the steps you need to follow, where to apply, and what you can expect during the application process.

1. Visit the Bilt Rewards Website

The Bilt Credit Card is available for application through the official Bilt Rewards website. Here’s how you can access it:

• Step 1: Head over to the official Bilt Rewards website.
• Step 2: On the homepage, navigate to the Bilt Credit Card section, which typically appears at the top or within the main menu. There, you’ll find an “Apply Now” button or a similar call-to-action that initiates the application process.

Make sure you’re on the official website to ensure your information is secure and that you’re accessing the most up-to-date offers and card features.

2. Complete the Online Application Form 

Once you click the “Apply Now” button, you’ll be directed to an online application form. You’ll need to provide standard information, including:

• Personal Information: Full name, date of birth, Social Security number (for credit check purposes), and contact details (address, email, and phone number).
• Financial Information: Information about your income level and employment status will be required. Bilt uses this data to determine your creditworthiness and to assign a credit limit.

3. Credit Check & Approval Process 

The Bilt Credit Card application requires a hard credit inquiry, which means your credit score will be checked during the process. It’s important to know that this can have a small, temporary impact on your credit score, so be sure to review your credit report ahead of time to ensure everything is in order.

• Step 3: Once the application is submitted, you’ll receive an instant decision, or you may need to wait for a few business days for further review.
• Step 4: If approved, you will receive a confirmation email, and your new Bilt Credit Card will be shipped to you. In most cases, you should expect to receive your card within 7-10 business days.

4. Activate Your Bilt Credit Card and Start Earning Rewards 

After receiving your Bilt Credit Card, activation is simple and can be done online or over the phone:

• Step 5: Visit the Bilt Rewards website or use the Bilt mobile app to activate your card. Follow the on-screen instructions and enter the required information, such as your card number and personal identification details.
• Step 6: Once activated, you’re ready to start using your Bilt Credit Card for rent payments, dining, travel, and more, earning points on every eligible transaction.

How to Buy the Bilt Credit Card: A Step-by-Step Guide

1. Go to the Official Website

• Visit the Bilt Rewards official website and click on “Apply Now” to begin your application process.

2. Fill Out the Application Form

• Provide your personal and financial information as required, ensuring accuracy to avoid delays in approval.

3. Submit and Wait for Approval

• Submit your application and wait for the approval notification, which may be instant or may take a few days.

4. Receive Your Bilt Credit Card

• If approved, you will receive your Bilt Credit Card within 7-10 business days.

5. Activate Your Card

• Activate your card online or via the Bilt mobile app, and start earning rewards on rent and other purchases immediately.

Where to Buy the Bilt Credit Card

Unlike retail products, the Bilt Credit Card is not something you “buy” in the traditional sense. Instead, you apply for the card and, if approved, it will be mailed to you. There is no cost to acquire the card itself because there is no annual fee associated with the Bilt Credit Card.

To apply, visit the official Bilt Rewards website at Bilt Credit Card Application and follow the steps listed above.

Why You Should Get It Through the Official Website

By applying for the Bilt Credit Card directly through the official Bilt Rewards website, you ensure that:

• Your application is secure and processed by the rightful issuer.
• You receive all the up-to-date offers and promotions, such as sign-up bonuses, special perks, and any changes to the rewards program.
• You’ll have direct access to customer service if you have questions about your application or card benefits.

How Much Does It Cost?

One of the biggest perks of the Bilt Credit Card is that it’s free to apply and there is no annual fee. This sets it apart from many other rewards cards that typically charge annual fees ranging from $95 to several hundred dollars.

Frequently Asked Questions (FAQs)

1. Can I pay my rent even if my landlord doesn’t accept credit cards? Yes! Bilt allows you to pay rent via the Bilt app, and they will send a check to your landlord while you earn points.

2. Are there any fees for using the Bilt Credit Card? There are no annual fees, and rent payments through the Bilt app are fee-free as well.

3. What kind of rewards can I earn with the Bilt Credit Card? You can earn rewards for travel, shopping, and even rent payments.

4. Does Bilt offer travel perks? Yes, you can transfer points to travel partners like American Airlines and World of Hyatt.

5. How do I apply for the Bilt Credit Card? You can apply through the Bilt website.

In conclusion, the Bilt Credit Card offers unique benefits that no other card currently does, especially for renters. With no annual fee, easy rewards on rent, and exclusive travel and shopping perks, it’s a must-have for anyone looking to make the most out of their rent payments!