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Bilt World Elite Mastercard Credit Card — Full Review [2024]

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Jarrod West
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Jarrod West

Senior Content Contributor

Countries Visited: 21U.S. States Visited: 24

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Keri Stooksbury
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Keri Stooksbury

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With years of experience in corporate marketing and as the Executive Director of the American Chamber of Commerce in Qatar, Keri is now Editor-in-Chief at UP, overseeing daily content operations and r...
& Kellie Jez
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Kellie Jez

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Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...

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Bilt World Elite Mastercard® Credit Card

Bilt World Elite Mastercard® Credit Card

U.P. Rating
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.
4.25
  • $0

Bilt World Elite Mastercard® Credit Card

U.P. Rating
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.
4.25
Learn More(at Bilt's secure site)

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.

Card Snapshot

Welcome Bonus & Info

  • $0 annual card fee
  • 1X points on rent payments with no fees (on up to $100,000 in rent payments every 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

Pros

  • 3x points per $1 at restaurants including eligible delivery and takeout
  • 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 year
  • No annual fee
  • No foreign transaction fees
  • Access to airline transfer partners
  • Cell phone protection
  • Trip delay insurance
  • Purchase security
  • Primary rental car coverage

Cons

  • Does not offer a welcome bonus
  • Requires at least 5 transactions that post each statement period to earn bonus rewards

Great Card If

  • You want to earn rewards on your rent with no additional fees
  • You want a card that earns transferable rewards
  • You want a card with no annual fee

Don’t Get If

  • You’re not a renter
  • You want a card that offers premium travel benefits

Bilt Card — Is It Worth It?

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!

Bilt Card Top Benefits

Rewards on Rent With No Additional 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.

Card Protections

For a no annual fee credit card, the Bilt card offers some pretty excellent card protections. Here is a quick breakdown of each:

  • Cell Phone Protection — Pay your monthly cell phone bill with your Bilt card and you’ll get up to $800 of protection (subject to a $25 deductible) against covered damage or theft.
  • Primary Rental Car Insurance — Receive coverage for damages due to collision or theft for most rental cars when you pay for the rental car with the Bilt card.
  • Purchase Protection — Items purchased with your card receive coverage towards theft or damage within the first 90 days from the date of purchase, up to $10,000 per claim.
  • Trip Delay Insurance — If your flight is delayed by more than 6 hours due to a covered reason like weather delays, you can receive up to $200 in coverage per person, and up to a maximum amount of $1,800 for all covered persons on the same trip, towards expenses like meals and lodging.
  • Trip Cancellation and Interruption Insurance — Provides up to $5,000 in coverage of non-refundable fare if your trip is interrupted or canceled for a covered reason, like a health issue, when your pay with your Bilt card.

Best Ways To Earn and Redeem Your Bilt Rewards Points

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.

Alternative Cards to the Bilt Card

Chase Sapphire Preferred® Card

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.

POPULAR FIRST CARD
Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

U.P. Rating
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
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 Ultimate Rewards 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 Ultimate Rewards 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 Ultimate Rewards®.
  • Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. 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

  • Foreign Transaction Fees: None

Card Categories

Rewards Center

Chase Ultimate Rewards

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.

Chase Freedom Unlimited®

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.

Chase Freedom Unlimited®

Chase Freedom Unlimited®

U.P. Rating
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.

This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!

Learn More(at Chase's secure site)

Chase Freedom Unlimited®

This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!
INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
Up to $300 cash back
$0
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 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.

Pros

  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
  • 5% back on travel purchased through Chase Ultimate Rewards
  • 3% back on dining and drugstore purchases
  • 1.5% back on all other purchases
  • No annual fee
  • Earn big on travel purchased through Chase Ultimate Rewards
  • Everyday bonus on dining and drugstores
  • Straightforward cash-back on all other purchases
  • Ability to pool points

Cons

  • 3% foreign transaction fee
  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
  • No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
  • Member FDIC

Financial Snapshot

  • Foreign Transaction Fees: None

Card Categories

Rewards Center

Chase Ultimate Rewards

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.

Frequently Asked Questions

Is the Bilt card good for renters?

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.

Does the Bilt card have an annual fee?

No, the Bilt card does not have an annual fee, nor does it have any foreign transaction fees.

How do rent payments work with the Bilt card?

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.

Is the Bilt card worth it?

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.

Does the Bilt card work for mortgages?

Unfortunately, no. The Bilt card is designed specifically for renters and does not offer any sort of fee-free rewards for mortgage payments.

What are the Bilt transfer partners?

Bilt Rewards has an impressive list of transfer partners, including:

  • Air Canada
  • Air France/KLM
  • American Airlines
  • Cathay Pacific
  • Emirates
  • Hawaiian Airlines
  • Hyatt
  • IHG
  • Turkish Airlines
  • United Airlines
  • Virgin Atlantic

Jarrod West's image

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

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