Edited by: Jessica Merritt
& Keri Stooksbury
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The Chase Sapphire Preferred® Card launched over a decade ago, democratizing the travel rewards card market. This popular card offers users enticing travel perks, from no foreign transaction fees to access to 10+ airline and hotel transfer partners — all at an affordable $95 annual fee price point.
It’s no wonder millions of households hold the Chase Sapphire Preferred card. But in 2021, a new entrant came into the space. While its primary appeal is the ability to earn points on rent payments, upon closer look, the Bilt World Elite® Mastercard Credit Card also offers many of the same great travel perks as the Chase Sapphire Preferred card. Best of all, the Bilt card has a $0 annual fee.
Today, we’ll provide an in-depth card comparison of the 2 products to help you determine which one comes out on top.
|Bilt World Elite Mastercard® Credit Card||Chase Sapphire Preferred® Card|
|Welcome Bonus Offer||No welcome offer available.||Earn 60,000 points after spending $4,000 on purchases in the first 3 months.|
*Must use the card 5 times each statement period to earn points
|Travel Benefits and Protections||
|Shopping Benefits and Protections||
|Annual Fees and Authorized Users||$0; no charge to add authorized users||$95; no charge to add authorized users|
Opening a card with a welcome bonus can be a great way to earn a massive haul of points upon meeting minimum spending requirements. The Chase Sapphire Preferred card is known for offering a generous welcome offer, adding even more value for prospective applicants.
Never before has there been a credit card built specifically with renters in mind. Enter the Bilt World Elite Mastercard® Credit Card, designed specifically to help renters earn rewards on their rent payments with no fees.
Of course, aside from rewards on rent, there are many other solid benefits that the card offers that add extra value to cardholders. In this guide, we provide a complete breakdown of everything the Bilt card has to offer to help you decide whether the card makes sense for you.
While the Bilt card does not have a publicly available welcome offer, many new applicants have reported receiving an email with the opportunity to earn 5x points on all eligible purchases for the first 5 days (up to 50,000 bonus points). While not an official welcome bonus offer, you can read the full terms and conditions for more information.
A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.
The Chase Sapphire Preferred® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.
Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.
You likely won’t get approved for a personal Chase card if you’ve applied for 5 or more credit cards from any bank in the past 24 months. Therefore, a general rule of thumb is to apply for Chase cards first while you are “under” Chase’s 5/24 count.
Both cards earn flexible points, which means you can transfer your rewards to each program’s respective airline and hotel programs for outsized value. We’ll next dive into the details of earning and redeeming both types of points.
The earning rates on the 2 cards are quite similar, but there are a few key differences to note.
|Earning Category||Bilt Card||Chase Sapphire Preferred Card|
3x points on dining worldwide
|Additional Bonus Categories/Earnings||
1x points on rent (up to 100,000 points per year)
|All Other Eligible Purchases||
1x points on all other eligible purchases
1x points on all other eligible purchases
With the Bilt card, you must use the card 5 times each statement period to earn points. There’s no minimum transaction amount, so this can be as simple as buying a bottle of water or a subway ticket. That said, if you’re opening this card just to earn points on rent, you want to ensure you’re meeting this 5x threshold every month.
The Bilt card set itself apart from the sea of travel credit cards by offering a unique value proposition: earn points on rent payments fee-free.
How does this work in practice? For starters, the Bilt Rewards Alliance comprises more than 2 million rental homes where you can pay your rent with the Bilt card without fees. However, even if your rental home does not partake in the Bilt Rewards Alliance (and charges a fee to pay with a credit card), don’t fret. The Bilt card gives all users a unique ACH checking account number to pay their rent.
Since you’ll pay your rent with this routing and account number, Bilt then charges your statement credit with the same amount and awards you the points. As always, you’ll want to make sure you pay your full statement credit before the monthly due date to avoid incurring any interest charges. But if you’re able to keep up with your payments, this is how you can earn valuable points on rent without fees.
The Bilt card offers 1x points on rent payments, capped at 100,000 points annually. This limit works out to roughly $8,333 per month for rent payments. Put simply, if you’re a renter in the U.S., it’s virtually a no-brainer to open the Bilt card and earn points on one of your largest monthly expenses. While the Bilt card does not currently support mortgage payments, even non-renters may want to consider opening the card thanks to its excellent earning rate on travel and everyday purchases.Hot Tip:
Bilt Rewards also hosts “Rent Day” on the first of every month, where you can earn double points on all purchases on the Bilt card (except rent). In the past, we’ve seen great transfer bonuses to Bilt’s loyalty partners, travel giveaways, and so much more being offered on Rent Day!
While the Chase Sapphire Preferred card does not offer fee-free payments on rent, it comes with a few other useful bonus categories on everyday purchases. You can earn 3x points on select streaming services, which includes popular subscriptions like Apple TV+, Netflix, Hulu, and Spotify, as well as pick-up and delivery orders placed online with grocery stores.
Chase Sapphire Preferred cardholders will also earn a 10% points bonus based on total card spending at each account anniversary. For example, if you spent $100,000 on the card in a year, you’d receive an additional 10,000 points.
Both rewards currencies are consistently ranked highly on our latest points and miles valuations. We estimate that Bilt Rewards points are worth 1.8 cents each, while Chase Ultimate Rewards points are worth 2 cents each.
It’s a bit easier to earn Chase Ultimate Rewards points thanks to welcome bonus offers and expanded bonus categories. Ultimately, the difference is negligible as both programs offer top-tier transfer partners.
There are many standout loyalty programs that make for extraordinary travel redemptions. It’s no secret that World of Hyatt has long been our favorite hotel loyalty program, and you’re spoiled for choice with transfers from both Bilt Rewards or Chase Ultimate Rewards.
Bilt Rewards is the only transferable point program to partner with American Airlines AAdvantage at a 1:1 ratio — the most valuable airline miles in our book. Bilt Rewards also partners with Turkish Airlines Miles&Smiles, another underrated airline program that makes for excellent Star Alliance redemptions. Meanwhile, Chase Ultimate Rewards offers transfers to Southwest Rapid Rewards, a popular loyalty program for domestic travelers.
While transferring points to partners is easily the best way to get maximum value from your points, it’s nice to have other options, too. Here’s a full rundown of the redemption options from both programs:
|Redemption Option||Bilt Card||Chase Sapphire Preferred Card|
Both programs allow you to book flights, hotels, rental cars, and more through their respective travel portals and get a 25% points bonus at redemption. This can be another great way to book travel if you can’t find the award availability by leveraging airline or hotel transfer partners.
If you’re thinking about adding a travel card to your wallet, you want to ensure you’re covered in an emergency. Both cards offer useful coverages that can come in handy on travels:
Both rewards cards offer a decent list of complimentary shopping protections and everyday statement credits:
At the end of the day, the biggest difference between the 2 cards is their annual fees:
If you’re adamant about not paying any annual fees, the Bilt card is fantastic whether you want to travel, earn points on rent, or both. However, there is certainly a tradeoff. The Chase Sapphire Preferred card offers a generous welcome offer, a $50 annual hotel statement credit, and partner benefits that can help make up for the $95 yearly cost.
For these reasons, it’s quite common for people to hold both cards, especially if you’re looking to diversify your points and miles strategy.
Both the Chase Sapphire Preferred card and the Bilt Card do not charge for authorized users and have no set limit.Hot Tip:
Learn more about the benefits of adding authorized users to the Chase Sapphire Preferred card.
There’s no clear winner, as each card has its own strengths and weaknesses. No matter which card you pick, you can’t go wrong with the Bilt card or the Chase Sapphire Preferred card. They offer excellent travel and shopping benefits and plenty of opportunities to earn bonus points.
If you’re a renter in the U.S., adding the Bilt card to your repertoire is virtually a given. For example, if you spend $2,000 on rent per month, you could be earning 24,000 points every year — from rent alone!
If you don’t live in a rental property and are looking for a general travel rewards card, the Chase Sapphire Preferred card is likely the better option. With a reasonable $95 annual fee and an exhaustive list of travel insurance benefits, the Chase Sapphire Preferred card is our go-to travel card — and with good reason.
In theory, there’s nothing stopping you from owning both credit cards. However, you’ll want to consider the stringent application Chase 5/24 rules and make sure you haven’t opened 5 credit cards (or more) in the past 24 months to maximize your approval odds.
The information regarding the Bilt World Elite Mastercard® Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The right card for you will depend on a few considerations, but in many cases, many travelers have both cards. If you want to earn points on rent, access high-value transfer partners like American Airlines AAdvantage or Turkish Airlines Miles&Smiles, or simply don’t want to pay an annual fee, the Bilt card may be a better fit for you. However, the Chase Sapphire Preferred card is a winner if you want to earn a welcome offer and want top-tier travel and purchase protections.
No, the Bilt card does not offer airport lounge access or benefits.
It’s recommended to have a good to excellent credit score (670 to 850) to qualify for the Bilt card.
There is no official stated salary to qualify for the Chase Sapphire Preferred card. However, we recommend that your annual income be at least $30,000 or higher before applying.
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UP's Bonus Valuation
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.