Even better, you can link the Bilt credit card to other programs in order to earn rewards that can be redeemed for travel, merchandise, experiences such as SoulCycle and other fitness classes, and special dining experiences. There’s more; let’s dig in.
The Bilt credit card has rates and fees that earn points on paying rent, with no additional transaction fees. This card earns bonus points on dining and some travel, along with double rewards on the first day of every month (“Bilt Rent “Day”—we like that nickname).
Experts matched the Bilt credit card up against the best credit cards and called it an industry leader with good bonus categories, no fee, and innovative ways to optimize your rewards by playing games or earning points with dining partners.
How is the Bilt Credit Card?
This card stands out from the rest because you can use it to pay your rent to any landlord, anywhere, with no transaction fee.
To earn points, you must have a minimum of five transactions within the statement period. The Bilt Mastercard earns 1 point per dollar on every rent payment, up to $100,000 in payments in a year, when you have 5 card charges during a statement period.
There is no typical welcome bonus, yet referral bonus rewards can be earned by referring friends (2,500 per successful referral). A fifth successful referral earns you 10,000 additional points (up to 2,025,000 referral points a year)—even without the card.
Are there Rewards from the Bilt Credit Card?
Sure! Bilt Rewards offers a variety of reward options including point transfers to its airline and hotel partners, travel bookings through its travel booking portal, rent discounts, fitness rewards, and merchandise.
If you rent from a Bilt Rewards Alliance company—a network of over 2 million U.S. apartments—you don’t have to use the Bilt Mastercard to earn points for rent payments; you can earn points just by paying rent through the Bilt Rewards app.
There are nearly a dozen ways to maximize the Bilt Rewards Program, from earning to redeeming and maximizing Bilt Points:
The Bilt card currently does not offer a welcome bonus reward. However, Bilt members can earn bonus points for inviting others to open the Bilt Mastercard successfully. Below is how it works:
- You’ll earn 2,500 Bilt Points for each card applicant you invite who is approved for the card.
- For every five successful referrals you send in, you’ll get another 10,000 Bilt Points (so 22,500 points for five referrals). Each Bilt member has a limit of 50 referral bonuses
You don’t even need to own the Bilt Mastercard in order to refer friends. Just download the Bilt Rewards app and just tap “Invite.”
How to Get the Bilt Credit Card
Getting a Bilt Mastercard® is simple. The card has no typical welcome bonus, but it does have many other valuable features. First off, you must:
- You must be at least 18 years old and a U.S. citizen with good to excellent credit.
- As with any application for a credit card, you will need to give your full name, address, etc., and income and other financial details through the application link. You will normally get an immediate decision and can begin using your credit card when it arrives.
When it comes to rewards, in order to qualify, the person you are inviting cannot have previously held a Bilt Rewards account or opened a Bilt Mastercard. Also, your referral must open their Bilt Rewards account by entering a special referral code that you provide them with; otherwise, you will not get credit.
How to Earn Rewards With Bilt
There are numerous ways to earn Bilt Points, particularly on dining and travel. Some don’t even involve the Bilt Mastercard itself.
For a $0 annual fee card (see rates and fees), the Bilt Mastercard® has a good return rate for daily spending patterns:
- 1 point for each dollar on rent payments (with no transaction fee) up to $100,000 in annual rent payments
- 2 points per dollar on air travel if booked directly with airlines, hotels, car rental companies, or cruise lines
- 3 points per dollar on dining (including food delivery services like Uber Eats and GrubHub)
- 1 point per dollar on other purchases
Again, getting 1 point per dollar of rent isn’t the value proposition of the card—it’s that you can pay rent with a credit card with no cost. The rewards are secondary.
You must make at least five purchases on the card during each billing cycle in order to qualify to earn rewards. Bilt hopes this card will be top of mind with you each month—not simply for rent payments.
Bilt Rewards Program Tiers
Bilt Members can earn elite status in the Bilt Rewards Program through spending on the Bilt credit card and other associated credit cards. The tiers are:
- Blue: for members who have earned between 0 and 50,000 Bilt Points or spent between $0 and $10,000 in eligible spend within the calendar year
- Silver: for members who have earned between 50,001 and 124,999 Bilt Points or spent between $10,001 and $24,999 in eligible spend within the calendar year
- Gold: for members with 120,000 to 199,999 Bilt Points earned or spent $25,000 to $49,999 worth of eligible spend in the calendar year
- Platinum: for members with 200,000+ Bilt Points earned or $50,000+ of eligible spend in the calendar year
Bilt Members earn status through qualifying points on rent and non-rent spending during a calendar year. Non-qualifying status points include points on referral, courtesy points, member survey points, and incremental campaign bonus points, like the new cardholder offer.
Last Lines
Aside from the Bilt credit card’s usages, advantages, and rewards, there’s more, like the elite status program. Fast Track spending is also a way to qualify for Bilt elite status and accumulates all non-rent dollars spent on the Bilt Mastercard, as well as within the Bilt system.
Qualifying Fast Track dollars are non-rent spend on the Bilt Mastercard and Neighborhood Fitness classes reserved through Bilt.
Also, at Bilt Dining restaurants with any connected card to your Bilt account; Lyft rideshares when Bilt is your preferred rewards partner within the Lyft app; and travel purchases booked through the Bilt Travel Portal.
