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 and evaluated by experts who know these products inside out. We only recommend products we either use ourselves or endorse. This site does not include all credit card companies or all available credit card offers that are on the market. See our advertising policy here where we list advertisers that we work with, and how we make money. You can also review our credit card rating methodology.

Bilt Rewards Teams up With Wells Fargo To Offer a Card That Earns Points on Rent [No Waitlist]

Chris Hassan's image
Chris Hassan

Chris Hassan

Social Media & Marketing Manager

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

Chris holds a B.S. in Hospitality and Tourism Management and managed social media for all Marriott properties in South America, making him a perfect fit for UP and its social media channels. He has a ...

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

Bilt Rewards has partnered with Wells Fargo & Company to issue a co-branded credit card to allow members to pay for their rent and earn points with no transaction fee at any rental property in the U.S.

Since its entrance on the market, Bilt Rewards has been a popular choice for renters. Until now, however, the Bilt Mastercard was available only by invitation. As of today, March 28, 2022, the Bilt card is available without a waitlist.

Let’s take a look at what this news means — and if you should consider applying.

Wells Fargo Partners With Bilt Rewards and Mastercard

Bilt Rewards partnering up with Wells Fargo is a big deal. The bank has over 70 million customers and serves 1 in 3 households in the U.S. Now, millions of qualified renters will have the opportunity to earn Bilt Rewards.

With rent being the largest expense for many people, being able to earn points on it truly is a game-changer.

Hot Tip: Follow this link to apply for your Bilt card!

A Straightforward Earning Structure

The 0-1-2-3 earning structure is not only popular because rent is included, but also because it’s competitive with almost any other travel rewards credit card on the market today. Here’s a look at what you can earn:

  • $0 annual fee
  • 1x points per dollar spent on rent
  • 2x points per dollar spent on travel
  • 3x points per dollar spent on dining
  • 1x points per dollar spent on all other transactions

The only requirement is that you use the card for at least 5 transactions per month.

Bilt Rewards Transfer Partners

Image Credit: Bilt Rewards

Once you earn your Bilt Rewards points, you’ll realize just how valuable they are. While you can redeem them for things like fitness classes, items from the Bilt Collection, and even rent or mortgage credits, the real value lies in the program’s transfer partners.

Bilt Rewards is one of our favorite flexible-point currencies thanks to its strong list of patterns and 1:1 transfer ratios, which include:

Bilt Rewards Elite Status

Bilt Rewards also has elite tiers, allowing members to earn bonus points, gifts, and more. The more points you earn, the higher the status level you can achieve:

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

The Bilt card was already a great product for renters to have in their wallets. Bilt Rewards is one of the most competitive rewards programs out night now — and this partnership with Wells Fargo will hopefully only strengthen that.

Until now, the biggest drawback of Bilt Rewards was the waitlist, now that it’s available for anyone to apply, getting a Bilt card should make sense for a lot of people.

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

About Chris Hassan

Chris holds a B.S. in Hospitality and Tourism Management and managed social media for all Marriott properties in South America, making him a perfect fit for UP and its social media channels. He has a passion for making content catered toward family travelers.


Get the latest travel tips, crucial news, flight & hotel deal alerts...

Plus — expert strategies to maximize your points & miles by joining our (free) newsletter.

We respect your privacy. This site is protected by reCAPTCHA. Google's privacy policy and terms of service apply. Protection Status