Bilt Rewards 0-1-2-3 Launch [Card Refresh, New Partner, Elite Tiers]

Bilt Mastercard front

We may be compensated when you click on links from one or more of our advertising partners. Opinions and recommendations are ours alone. Terms apply to offers below. See our Advertiser Disclosure for more details.

Recently, we covered the new Bilt Rewards program that allows you to earn transferable points each month on your rent payments — the first program to offer such a service.

When Bilt launched, it also released the details of its Bilt Mastercard that offered tier-based rewards based on your level each month. But admittedly, the previous program was a bit complicated. Now, Bilt has refreshed the card with the 0-1-2-3 launch.

Bilt Card New Reward Rates

Bilt Mastercard
Image Credit: Bilt

With the new Bilt card, you’ll earn 1x point per $1 on all rent payments with no fees on up to $50,000 each year, 2x points per $1 on travel purchases, and 3x points on dining purchases (including food delivery services), all for no annual fee!

In order to earn these rewards, you will need to make at least 5 transactions per statement period to earn points on all spend.

Other benefits include cell phone protection, Lyft and DoorDash credits, purchase protection, rental car coverage, trip cancellation coverage, trip delay protection, and World Elite concierge service.

Hot Tip: As of now, the Bilt card is currently on a waitlist, but Upgraded Points readers can skip this waitlist by using the early access code: UPG4BILT.

New Transfer Partner

Bilt has also announced that it has added IHG Rewards as a program transfer partner. This brings Bilt’s list of 1:1 transfer partners to 9, including:

In addition to travel, you can also redeem your points towards rent or a down payment on a home purchase, fitness classes, and the Bilt Collection, which includes exclusive access to a hand-curated catalog of art, decor, and apparel.

Bilt Elite Status

We’ve also received some details about Bilt’s elite status structure and the benefits offered, which will feature 4 tiers: Blue, Silver, Gold, and Platinum.

The number of points needed to qualify for each tier can come from both the points you earn from rent payments and the points you earn from the Bilt card’s other bonus categories, like dining and travel purchases.

Bilt StatusBlueSilverGoldPlatinum
Bilt Points Required Annually>25,000 Points25,000+ Points50,000+ Points100,000+ Points
Transfer to Airlines and Hotels1:11:11:11:1
Bonus Points on Points From New Leases/RenewalsX10%25%50%
Report to Credit Bureaus
Interest Earned on PointsX
Homeownership ConciergeXX
Gift From Bilt CollectionXXX

Final Thoughts

All in all, the Bilt Rewards program is shaping up to be an excellent rewards option for renters, and it is great to see that it has reduced the complexity of the point-earning on the Bilt card. Better yet, Bilt is adding additional value by adding a new transfer partner and elite status tiers for members to work towards.

Upgraded Points readers can use the early access code UPG4BILT to join the waitlist for the Bilt card.

Information regarding the Bilt Mastercard was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 

Jarrod West

About Jarrod West

Jarrod first became fascinated with the world of points and miles as the perfect way to visit dream destinations without breaking the bank. On his first major award trip, he spent 3 months traveling through Europe, financed nearly entirely with points; while flying in premium cabins and staying in 5-star hotels along the way. Now, he is on a mission to help others realize their travel goals and upgrade their travel experiences. Jarrod has been writing about credit cards and travel loyalty programs for 4 years, and his work has been featured by Travel and Leisure, Matador Network, Yahoo Finance, and U.S. News.

Urgent Report:

How to Beat the Crowds & Lock In Affordable Travel While You Still Can...

With lockdowns ending, the demand for travel is surging to record levels - and so are prices.

We’ll show you the strategies and tools to unlock huge savings, but that window is closing fast - so you need to get on this right now.

Download our last-chance playbook here:

We respect your privacy. Please view our privacy policy here.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

Any thoughts or questions? Comment below!

Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. This site does not include all credit card companies or all available credit card offers that are on the market. Click here to see a list of advertisers that we work with.