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Bilt Card vs. Chase Sapphire Preferred Card [Detailed Comparison]

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Stella Shon

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With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in ...
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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 Card vs. Chase Sapphire Preferred Card — Overview

Although the Bilt card is much newer, it largely models many of the same benefits we know and love about the Chase Sapphire Preferred card. Here’s an initial look at the 2 credit cards, side-by-side:

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 Bilt World Elite Mastercard® Credit CardChase Sapphire Preferred® Card
Welcome Bonus OfferNo welcome offer available.Earn 60,000 points after spending $4,000 on purchases in the first 3 months.
Earning
  • 5x points on Lyft and Bilt Dining restaurants
  • 3x points on dining
  • 2x points on travel
  • 1x points on rent payments (up to 100,000 points per calendar year) and all other eligible purchases
*Must use the card 5 times each statement period to earn points
  • 5x points on travel booked via the Chase Travel portal and Lyft purchases (through March 31, 2025)
  • 3x points on dining purchases, online grocery purchases, and select streaming services
  • 2x points on all other travel worldwide
  • 1x points on all other eligible purchases
Redemption Options
  • Transfer points to airline or hotel partners
  • Redeem points for 1.25 cents each for travel via the Bilt travel portal, powered by Expedia
  • Redeem points for rent, a down payment, fitness classes, and items in The Bilt Collection
  • Transfer points to airline or hotel partners
  • Redeem points for 1.25 cents each for travel via Chase Travel
  • Redeem points for 1 cent each for a statement credit for previous purchases
Travel Benefits and Protections
  • Trip cancellation and interruption; trip delay reimbursement 
  • Primary car rental collision damage waiver
  • Up to $50 annual hotel statement credit
  • Primary car rental collision damage waiver; roadside dispatch
  • Trip cancellation and trip interruption; trip delay reimbursement; baggage insurance; delayed luggage coverage
Shopping Benefits and Protections
  • No foreign transaction fees
  • Cell phone protection
  • Purchase protection
  • World Elite Mastercard benefits, including DoorDash and Lyft benefits
  • No foreign transaction fees
  • Purchase protection; extended warranty
  • Chase Offers; Shop through Chase
  • Partner benefits through Instacart, DoorDash
Annual Fees and Authorized Users$0; no charge to add authorized users$95; no charge to add authorized users

The Value of a Welcome Offer

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.

Bilt Card

Bilt World Elite Mastercard® Credit CardTerms Apply / Rates & Fees

Bilt World Elite Mastercard® Credit Card

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The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Learn More(at Bilt's secure site)
$0

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 transaction 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.

Pros

  • 3x points per $1 at restaurants including eligible delivery
  • 2x points per $1 on travel booked directly with airlines, hotels, and car rental agencies
  • 1x point per $1 on rent payments, without a transaction fee, up to 100,000 points each calendar year
  • No foreign transaction fee
  • Access to airline transfer partners

Cons

  • Does not offer a welcome bonus
  • Must use the card 5 times each statement period to earn points
  • $0 annual card fee
  • 1X points on rent payments with no transaction fee (up to $100,000 in rent payments every calendar year) and non-bonus purchases
  • 2X points on travel (when booked directly with an airline, hotel, car rental or cruise company)
  • 3X points on dining
  • Use the card 5 times each statement period to earn points

Financial Snapshot

  • Foreign Transaction Fees: $0

Card Categories

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.

Chase Sapphire Preferred Card

POPULAR FIRST CARD
Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

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The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.

Learn More(at Chase's secure site)

Chase Sapphire Preferred® Card

A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
60,000 points
$1,200
$95
21.49%-28.49% Variable
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

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.

Pros

  • 5x points on all travel booked via the Chase Travel portal
  • 5x points on select Peloton purchases over $150 (through March 31, 2025)
  • 5x points on Lyft purchases (through March 31, 2025)
  • 3x points on dining purchases, online grocery purchases, and select streaming services
  • 2x points on all other travel worldwide
  • $50 annual credit on hotel stays booked through the Chase Travel portal
  • 6 months of complimentary Instacart+ (activate by July 31, 2024), plus up to $15 in statement credits each quarter through July 2024
  • Excellent travel and car rental insurance
  • 10% annual bonus points
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs like United MileagePlus and World of Hyatt

Cons

  • $95 annual fee
  • No elite benefits like airport lounge access or hotel elite status
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.
  • Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
  • Member FDIC

Financial Snapshot

  • APR: 21.49%-28.49% Variable
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

Chase Ultimate Rewards

Hot Tip:

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.

Bilt Rewards Points vs. Chase Ultimate Rewards Points

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.

Earning Potential

The earning rates on the 2 cards are quite similar, but there are a few key differences to note.

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Earning CategoryBilt CardChase Sapphire Preferred Card
Travel
  • 5x points on Lyft
  • 2x points on all eligible travel
  • 5x points on travel booked via Chase Travel
  • 5x points on Lyft (through March 31, 2025)
  • 2x points on all other eligible travel
Dining 
  • 5x points on Bilt Dining restaurants
  • 3x points on dining worldwide

3x points on dining worldwide

Additional Bonus Categories/Earnings

1x points on rent (up to 100,000 points per year)

  • 3x points on select streaming services and online grocery stores
  • 10% points bonus on total spending at card anniversary
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.

Bilt Card

Living room interior
Earn up to 100,000 points per year on rent payments with the Bilt card. Image Credit: Kenny Eliason via Unsplash

The Bilt card set itself apart from the sea of travel credit cards by offering a unique value proposition: earn points on rent payments with no-additional fee.

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!

Chase Sapphire Preferred Card

While the Chase Sapphire Preferred card does not offer payments (with no additional fee) 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.

Redemption Options

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 is an impressive list of Bilt transfer partners, and there’s a decent amount of overlap between the Bilt and Chase transfer partners, with both programs transferring at a simple 1:1 ratio.

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.

Hyatt Regency Gainey Ranch Patio
World of Hyatt is our favorite for outsized redemptions, and Bilt Rewards and Chase Ultimate Rewards points both transfer to this program. Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch. Image Credit: Stella Shon

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:

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Redemption OptionBilt CardChase Sapphire Preferred Card
Travel
  • Transfer points to airline or hotel partners (value varies)
  • Redeem miles for 1.25 cents each for travel via the Bilt travel portal, powered by Expedia
  • Transfer points to airline or hotel partners (value varies)
  • Redeem miles for 1.25 cents each for travel via the Chase Travel
  • Redeem points for 1 cent each for a statement credit for a previous purchase
Redemption Options
  • Pay rent with points (0.55 cents each)
  • Save up for a future down payment (up to 1.5 cents each)
  • Fitness classes and Bilt Collection items (around 1 cent each)
  • Redeem points for 1 to 1.25 cents each with Pay Yourself Back for purchases in select categories
  • Pay with Points on Amazon and PayPal (0.8 cents each)
  • Gift cards, Chase Experiences, Apple, cash-back (1 cent each)

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.

Travel Benefits and Protections

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:

  • No Foreign Transaction Fees — There are no additional fees charged for purchases internationally.
  • Trip Cancellation and Trip Interruption — While both cards offer this coverage, the Bilt card has a limit of up to $5,000 per person, and the Chase Sapphire Preferred card has a limit of up to $10,000 per person, up to $20,000 per trip.
  • Trip Delay Reimbursement — With the Bilt card, use your card to purchase the entire trip and receive up to $200 per day (for up to 3 days) if your trip is delayed more than 6 hours, with a maximum of $1,800 for all travelers per trip. You’ll receive up to $500 per ticket for delays of 12 hours with the Chase Sapphire Preferred card.
  • Primary Car Rental Collision Damage Waiver — Pay for your entire car rental with your card, decline the rental agency’s CDW/LDW coverage, and receive coverage for damage or theft.

Bilt Card

  • Lyft Credit — Take 3 rides in 1 calendar month and get a $5 Lyft credit with your Bilt card.

Chase Sapphire Preferred Card

  • Up to $50 Hotel Statement Credit — Book a hotel via the Chase travel portal and receive up to $50 as a statement credit each card anniversary year.
  • Baggage Insurance — Receive up to $3,000 if your luggage is stolen or damaged.
  • Delayed Luggage — Receive up to $100 per day for a maximum of 5 days if your luggage is delayed more than 6 hours.
  • Roadside Dispatch — If you are stranded on the side of the road, roadside dispatch is available 24/7 to provide assistance. Cardholders are responsible for actual services received.
Bottom Line:

The Chase Sapphire Preferred card has much more robust travel protections and benefits, including a hotel credit of up to $50 annually, baggage insurance, and delayed luggage reimbursement.

Shopping Benefits and Protections

Both rewards cards offer a decent list of complimentary shopping protections and everyday statement credits:

  • Purchase Security and Purchase Protection — The Bilt card offers generous purchase protection coverage limits for eligible items bought within the first 90 days, offering reimbursement for up to $10,000 per item or $50,000 per account annually. With the Chase Sapphire Preferred card, items damaged or stolen within the first 120 days from the purchase date may be eligible for reimbursement of up to $500 per item, $10,000 per account annually.
  • DoorDash Benefits — With the Bilt card, you can enroll in a complimentary 3-month DashPass membership and get $5 off your first order each month. On the other hand, Chase Sapphire Preferred cardholders can enroll in a complimentary 1-year DashPass membership (activate by December 31, 2024).
DoorDash Scooter
Both cards offer DoorDash partner benefits. Image Credit: DoorDash

Bilt Card

  • Cell Phone Protection — Pay your monthly cell phone bill with the Bilt card and you’ll receive up to $800 in cell phone coverage (subject to a $25 deductible) against covered damage or theft.
  • Access to World Elite Mastercard Concierge — You can contact the World Elite Mastercard Concierge 24/7/365 for restaurant recommendations, travel assistance, and much more.

Chase Sapphire Preferred Card

  • Extended Warranty — Eligible items purchased with your card with a manufacturer’s warranty of 3 years or less will receive an extension for 1 additional year.
  • Chase Offers — Sign in to your online card account and review offers to earn statement credits for eligible purchases at dozens of retailers.
  • Shop through Chase — Receive bonus points by shopping at hundreds of online retailers via the Shop through Chase shopping portal.
  • Instacart Benefits — Cardholders are eligible for a free 6-month Instacart+ membership (activate by July 31, 2024) plus a quarterly statement credit of up to $15.
Bottom Line:

Both cards come with excellent shopping benefits and protections. While the Chase Sapphire Preferred card has a broader range of partner benefits and statement credits, the Bilt card has complimentary cell phone protection.

Annual Fees and Adding Authorized Users

Annual Fees

At the end of the day, the biggest difference between the 2 cards is their annual fees:

  • Chase Sapphire Preferred card: $95
  • Bilt card: $0

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.

Authorized Users

Both the Chase Sapphire Preferred card and the Bilt Card do not charge for authorized users and have no set limit.

Hot Tip:

Final Thoughts

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.

Frequently Asked Questions

Which card is better, the Bilt card or the Chase Sapphire Preferred card?

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.

Does the Bilt card have lounge access?

No, the Bilt card does not offer airport lounge access or benefits.

Is it hard to get approved for the Bilt card?

It’s recommended to have a good to excellent credit score (670 to 850) to qualify for the Bilt card.

What is the minimum salary for the Chase Sapphire Preferred 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.

Stella Shon's image

About Stella Shon

With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in The New York Times, USA Today, and more.

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