Bilt Mastercard Review (2024): Only Getting BETTER?

With the Bilt Mastercard’s profile continuing to rise, are you wondering whether the no annual fee card makes sense for you? Let's take an updated look at the card including some key pros and cons.
Bilt Mastercard review: fioney.com/bilt-rewards-maste...
It’s now been more than a year since I became a Bilt Mastercard holder and several month since I shared my initial review. In that time, Bilt has continued to make interesting updates to the card, which in turn have also brought more eyeballs the offering. So, what should you know about the current version of the Bilt Mastercard and is it worth it? Let’s talk about some of the card’s main features and what to keep an eye on going forward.
First, let’s talk about the rewards that the Bilt Mastercard offers - including on rent payments.
The biggest selling point for the Bilt Mastercard is that you can not only earn rewards while using it to pay rent but can also avoid fees typically associated with using a credit card for such payments. If you pay rent using an online portal, Bilt will help you set up an account that includes a routing and account number like a checking account. Then, you can use the account via your apartments payment portal with no fee. Meanwhile, if your landlord only accepts checks, Bilt can apparently send one on your behalf - although I havent tried this for myself. You’ll earn 1 point per dollar spend on rent using the Bilt Mastercard, although this is capped at 100,000 points in rent reward earnings per year.
As for other rewards categories, the card earn 3x on dining, 2x on select travel, and 1x on all other purchases. Looking more closely at that 2x category, Bilt notes that this includes purchases made directly with airlines, hotels, motels, resorts, cruise lines, and car rental agencies. However, in order to earn any points, cardholder must make at least 5 transactions per billing cycle on the card. Luckily, the Bilt app will help you kepe track of this so you don’t miss out.
Lastly, a few months back, Bilt also forged a partnership with Lyft. As a result, cardholders can earn 2 points per dollar spent on rides by linking Bilt as your loyalty selection plus 3 points per dollar spent on rides when you also pay with your Bilt card, for a total of 5x points. Also, while these points are exempt from the 5 transaction requirement, if you do pay with your card, such purchases will of course still count toward that threshold. By the way, you can mix and match this perk, so you can always choose a different loyalty selection or pay with a different card if that makes more sense for your rewards strategy.
Next, each month, Bilt Rent Day not only brings a chance to earn extra points but often comes with other special offers.
Since October 2022, the first of each month has been dubbed Bilt Rent Day. To celebrate, each month, cardholders can earn double points on purchases… except rent. This means that, on the 1st, you can earn 6x points on dining, 4x points on select travel, and 2x on nearly anything else.
In addition to this benefit, Bilt has also rolled out a variety of offers, ranging from status match challenges and lyft credits to point transfer bonuses and enhanced redemptions. Plus, each month brings a chance to win extra reward points or even win free rent - although the odds of the latter happening are quite slim. While not every month’s promotion will appeal to every cardholders, the double points perk alone makes the event interesting, which is why I now always look forward to Rent Day.
In terms of redeeming your points, Bilt offers a number of options at varying values
Recently, at long last, Bilt rolled out the option to redeem rewards points for a statement credit. Unfortunately, when doing so, cardholders will only get 0.55¢ per point. You can also use points via Amazon for a not-much-better 0.7¢ each.
In contrast, one of the better ways to use points is via the Bilt Travel portal. With this option, points are valued at 1.25¢ each - which is more than double the value from generic statement credits. Even better, if you’re planning to buy a home, Bilt rewards points can be redeemed at a rate of 1.5¢ each toward a down payment.
Of course, Bilt also has a number of travel transfer partners, including airlines and hotel brands. In each case, you can transfer points at a rate of 1:1 - unless there’s a transfer bonus opportunity in place. While it’s hard to say what value you could get here, in come case, it may turn out to be even higher than with other options. Plus, you can use the Point.Me integration to find award flights.
For more credit card reviews make sure to visit fioney.com/category/reviews/c... for all my credit card review videos • Credit Card Reviews
#renting #creditcards #FioneyMoney

[@FioneyMoney]

If you are interested in the Bilt Rewards card use this link to sign up today moneyat30.com/bilt-rewards-yt

[@Yaw_Jr]

When we say "rent" payments, does this include mortgage payments?

[@CaseyR285]

No, they say they have yet to add that as a feature I believe.

[@Yaw_Jr]

@@CaseyR285 thanks

[@baddboo]

@@CaseyR285
What is the difference if the check is a check with an amount ?