Edited by: Keri Stooksbury
& Kellie Jez
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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.
If you’re a renter, the Bilt card can definitely be worth your while, especially for those who live in cities with high rent prices.
After all, the card is the first of its kind that will let you earn credit card rewards on your rent without paying any sort of transaction fee, so you’ll never need to choose between earning rewards and saving money again.
Further, if you’re interested in travel rewards, then the Bilt card is a fantastic option.
Not only does the card earn points that can be transferred to top-notch airline partners including World of Hyatt and American Airlines, but it also offers perks such as trip delay insurance, primary rental car insurance, cell phone insurance, and more, all for no annual fee!
By far the top benefit of the Bilt card is that it allows you to pay rent using a credit card without paying a fee, and earn credit card rewards in the process.
You might be wondering, “How is this a benefit when I can already pay my rent with a credit card?” Usually, paying your rent with a credit card will come with a 2% to 3% fee added on. On a $1,500 rent payment, this fee adds $30 to $45 to your bill.
With the Bilt card, you still earn credit card rewards without needing to pay any sort of fee.
Is your apartment building or landlord not part of the Bilt Rewards Alliance network? No problem! Bilt Rewards will issue a check to the landlord when rent payments are made through the app, so anyone can earn rewards on rent with the Bilt card.
For a no annual fee credit card, the Bilt card offers some pretty excellent card protections. Here is a quick breakdown of each:
Unsurprisingly, the best way to earn Bilt Rewards points is by using your Bilt card for all of your purchases, especially those that fall within one of the card’s bonus categories of rent, travel, and dining. However, keep in mind that you need to make 5 transactions with your card each month to be eligible for bonus points — though this should be easy for most.
Additionally, Bilt Rewards also offers a refer-a-friend program where you can earn 25,000 points for every 5 friends who are approved for the card and make their first purchase within the first 30 days.
When it comes to redeeming points, Bilt Rewards offers several options, such as fitness classes, art pieces in The Bilt Collection, and rent credit at a rate of 0.55 cents per point. That said, if you want to get the best value possible, your best option is to redeem your points through one of the Bilt Rewards transfer partners.
Bilt Rewards offers a great list of airline and hotel transfer partners, including Air Canada Aeroplan, American Airlines AAdvantage, Turkish Miles & Smiles, and World of Hyatt, that allow you to transfer your Bilt Rewards points at a 1:1 rate to redeem them for luxurious vacations.
If you’re looking for an all-around travel rewards card, then the Chase Sapphire Preferred card is likely to be a top option for you.
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.
The card earns 5x points per $1 on travel purchased through Ultimate Rewards, 3x points per $1 on dining, online grocery purchases, and select streaming services, and 2x points per $1 on all other travel purchases.
Plus, Chase Ultimate Rewards points are some of the most valuable credit card rewards points on the market thanks to their flexibility and transferability to great transfer partners like Air Canada and World of Hyatt.
If you’re looking for a no-annual-fee card that is great at earning cash-back rewards, then the Freedom Unlimited card is worthy of consideration.
This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!
The Chase Freedom Unlimited® is easily one of the best cash-back credit cards on the market. There aren’t many no-annual-fee credit cards that offer multiple great bonus categories like 5% back on travel purchased through Chase, 3% back on dining and drugstore purchases, and 1.5% back on all other purchases.
When paired with other Chase cards in the Ultimate Rewards family, you can transfer that cash back into points if you wish – making it one of the most lucrative cards in your wallet.
It earns 5% back on travel purchased through Chase Ultimate Rewards, 3% back on dining and drugstore purchases, and 1.5% back on all other purchases.
Yes, the Bilt card is a great option for renters since it lets you earn credit card rewards on rent without paying a transaction fee. This can easily save you hundreds of dollars in fees throughout the year or will allow you to start earning rewards if you’re currently using a debit card for rent payments to avoid those fees.
No, the Bilt card does not have an annual fee, nor does it have any foreign transaction fees.
When you pay your rent with the Bilt card, Bilt Rewards will charge your card for your set rent amount, and then send a check to your landlord on behalf of you. This allows all renters to earn rewards on their rent payments through Bilt Rewards.
If you’re a renter, and you’re looking for a card that offers travel rewards without any transaction fees or annual fees, then the Bilt card would likely be worth it for you.
Put simply, the Bilt card offers great bonus categories, along with great perks like fee-free rent rewards, cell phone insurance, trip delay insurance, and more.
Unfortunately, no. The Bilt card is designed specifically for renters and does not offer any sort of fee-free rewards for mortgage payments.
Bilt Rewards has an impressive list of transfer partners, including: