Bilt Mastercard overview
The Bilt Mastercard® has no annual price (see charges and charges) however affords a slate of perks along with its core precept: the power to earn factors when paying lease and doing so with no transaction price (see charges and charges). Along with lease advantages, the Bilt card offers built-in perks and points-earning capabilities that make it enticing even to those that do not pay lease every month. Whenever you use the cardboard 5 instances every assertion interval utilizing your Bilt Mastercard, you may earn factors on lease (as much as 100,000 every calendar 12 months) and qualifying web purchases. Card Score*: ⭐⭐⭐½
*Card ranking relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The Bilt Mastercard is exclusive as a result of it permits cardholders to earn rewards on lease funds (as much as 100,000 Bilt Factors in a calendar 12 months) — with out being charged a transaction price (see charges and charges).
And whereas this distinctive characteristic is price taking note of, it is from the one cause you would possibly need to get the cardboard. It sports activities bonus-earning charges that mirror the $95 annual price fan-favorite Chase Sapphire Most popular® Card (see charges and charges): 3 factors per greenback on eating and a couple of factors per greenback on journey purchases, all for no annual price (see charges and charges). Word the Bilt Mastercard have to be used 5 instances every assertion interval to earn factors (see rewards and advantages). The two factors per greenback incomes charge for the Sapphire Most popular is for non-Chase Journey℠ bookings.
Nonetheless, it has some peculiarities that hold it from being a slam dunk for a lot of. One in every of them is that though it is geared towards renters, it is not essentially constructed for these nonetheless establishing credit score. For the very best likelihood of approval, you may desire a good to glorious credit score rating (670-850).
Nonetheless, adjustments are coming in February 2026. Bilt will finish its partnership with Wells Fargo and roll out three card choices with Cardless at totally different annual price thresholds — one with no annual price, one with $95 and one with $495. Extra particulars will probably be introduced this fall.
Let us take a look at the continued advantages provided by the Bilt Mastercard and its distinctive incomes construction to see whether or not it deserves a spot in your pockets.
Bilt Mastercard professionals and cons
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Bilt Mastercard welcome bonus
There isn’t a welcome bonus for brand new candidates to the Bilt Mastercard. This implies you’ll not obtain a piece of factors after finishing an introductory spending requirement.
Nonetheless, you may earn rewards for referring family and friends to enroll in the Bilt Mastercard. You’ll earn 2,500 Bilt Factors for every one that applies for and is accepted for the Bilt card utilizing your hyperlink. You will additionally earn 10,000 bonus factors for each fifth profitable referral — as much as 50 complete referrals.
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Associated: Bilt is contemplating new bank card merchandise to pair with factors for mortgage funds
Bilt Mastercard advantages
You may get pleasure from a number of advantages with the Bilt Mastercard, a lot of which come from the actual fact this can be a World Elite Mastercard. The advantages on the Bilt Mastercard could be divided into 4 classes: rent-related advantages, credit-building, journey protections, and buy credit. You may learn the complete particulars on the Bilt Rewards and Advantages web page.
Lease-related advantages for the Bilt Mastercard embrace paying lease with a bank card — thus incomes factors — with out paying any transaction charges (see charges and charges).
In case your landlord is not a part of the Bilt community, you can also make an ACH (financial institution switch) cost via your landlord’s on-line cost system (if accessible) or have Bilt ship a verify in your behalf. There aren’t any transaction charges for making lease funds to your landlord on this method, and these are qualifying purchases in your card to earn Bilt Factors (as much as 100,000 factors in a calendar 12 months for lease funds; should use the cardboard 5 instances every assertion interval to earn factors).
One other key advantage of the cardboard is credit score constructing. You may elect to have your lease funds reported to all three main credit score bureaus within the U.S. This helps set up a historical past of on-time funds and will assist your credit score rating.
Your Bilt Mastercard additionally has some spectacular journey protections for a card with out an annual price (see charges and charges). Cardholders obtain as much as $5,000 in reimbursement for nonrefundable tickets if a visit is canceled or interrupted for a coated cause, because of the cardboard’s Journey Cancellation and Interruption Safety*.
Additionally included is an Auto Rental Collision Harm Waiver* and a Mobile Phone Safety profit* that gives as much as $800 of cellphone safety (topic to $25 deductible) towards injury or theft. Utilization of all these advantages is in impact whenever you pay utilizing the Bilt Mastercard. *A most profit quantity and sure restrictions and limitations apply.
As a World Elite Mastercard, you even have entry to $5 in Lyft Credit every month after paying for 3 rides that month along with your Bilt Mastercard. Lastly, you should utilize your card confidently overseas as a result of it has No International Transaction Payment (see charges and charges). Extra data and phrases.
Associated: 5 methods to pay your lease with a bank card
Incomes factors with the Bilt Mastercard
The Bilt Mastercard earns:
You’ll solely earn factors whenever you make not less than 5 transactions in your card in a press release interval. Thus, if the one buy you make in your card every month is your lease cost, you will not earn factors at these charges.
As an alternative, you’ll earn a flat charge of 250 factors for paying lease along with your card.
You will additionally obtain 250 Bilt Factors in your lease cost in case your cost is lower than $250 that month. You may earn a most of 100,000 factors from lease funds in a calendar 12 months, requiring a median month-to-month lease of $8,333 to attain this most factors return.
TPG’s July 2025 valuations place Bilt Rewards factors at 2.2 cents per level, which means you may earn an efficient 6.6% return on eating purchases, 4.4% on journey and a couple of.2% on different purchases.
One other priceless perk is the chance to earn double factors on the primary day of every month (excluding lease, as much as 1,000 bonus factors), which Bilt calls “Lease Day.” For every buy made on the primary day of the month, you may earn double factors on eating (boosted to six factors per greenback), journey (4 factors per greenback) and on a regular basis spending (2 factors per greenback).
Nonetheless, factors earned on lease funds should not doubled.
You will additionally earn further factors at choose eating places with Bilt Eating, which offers bonus rewards whenever you use any credit score or debit card linked to your Bilt account to pay at taking part eating places. You will earn 5 factors per greenback on Lyft when you hyperlink your Bilt and Lyft accounts and pay with the cardboard, in addition to 2 factors per greenback on prescriptions crammed at Walgreens. Keep in mind, it’s essential to use the cardboard 5 instances every assertion interval to earn factors.
There are totally different tiers of Bilt Elite Standing provided by way of this card, which you’ll be able to earn via incomes qualifying factors or via qualifying spending. Word that factors earned from lease will depend towards standing, however the precise spending you placed on the cardboard for lease funds won’t depend towards lease.
- Blue: Anybody enrolled in Bilt Rewards who has spent lower than $10,000 on eligible purchases in a 12 months or earned fewer than 50,000 Bilt Factors in a calendar 12 months; 1:1 factors transfers to journey companions (see beneath), entry to the Bilt Assortment (see beneath) and constructing credit score historical past via lease reporting.
- Silver: Earn 50,000 factors or spend $10,000 on eligible purchases in a 12 months; further advantages embrace incomes a ten% bonus on lease incentive factors from taking part properties and incomes curiosity on factors.
- Gold: Earn 125,000 factors or spend $25,000 on eligible purchases in a 12 months; further advantages embrace incomes a 25% bonus on lease incentive factors and entry to a Homeownership Concierge.
- Platinum: Earn 200,000 factors or spend $50,000 on eligible purchases in a 12 months; further advantages embrace a 50% bonus on lease incentive factors and an unique present from the Bilt Assortment.
Associated: Full information to the Bilt Rewards program
Redeeming factors with the Bilt Mastercard
You may have a number of choices whenever you’re able to redeem your Bilt rewards. You should utilize them to e-book journey via the Bilt portal or buy gadgets from the Bilt Assortment, switch them to Bilt’s lodge and airline companions, e-book health lessons, pay for Amazon.com purchases immediately or use them to assist cowl the price of subsequent month’s lease.
Whereas the vary of redemption choices is good, they do not all yield a valuation that matches our July 2025 valuation of two.2 cents per level.
Redeeming your factors for lease funds offers the worst worth of all choices: simply 0.55 cents per level. And whereas redeeming factors towards Amazon.com purchases could also be tempting, you may get a meager worth of 0.7 cents per level with this feature.
Alternatively, you may obtain a worth of 1 cent per level when paying for health lessons with SoulCycle, Y7 Studio, Pure Barre, Rumble Boxing, BFT, CycleBar, YogaSix, and CorePower Yoga or when buying the Bilt Assortment of artwork, residence decorations and attire.
Bilt has a journey portal, and you’ll redeem your factors at a set worth of 1.25 cents apiece when reserving flights or resorts right here. When redeeming your factors towards a down cost on a house, you may web a worth of 1.5 cents per level. You will get essentially the most worth out of your factors in the event you switch them to any of Bilt’s lodge and airline companions.
Associated: Bilt Rewards expands into well being care with Walgreens partnership
Transferring factors with the Bilt Mastercard
If you’d like most worth out of your Bilt Rewards, benefit from Bilt’s 21 airline and lodge switch companions. Key choices embrace Air France-KLM Flying Blue, Alaska Airways Mileage Plan, United Airways MileagePlus and World of Hyatt.
When you have Blue Standing with Bilt Rewards, you have to to switch not less than 2,000 factors for every companion. When you have Silver, Gold or Platinum Bilt Standing, you may need to switch a minimal of 1,000 Bilt Factors. Transfers have to be performed in 1,000-point increments.
A very good redemption of Bilt Factors can be to switch them to Alaska Mileage Plan to benefit from their distance and zone-based chart to e-book a Qatar Qsuite flight from the U.S. to the Center East from 70,000 miles one-way.
Associated: How lengthy do Bilt Rewards factors take to switch?
Which playing cards compete with the Bilt Mastercard?
There aren’t any different bank cards precisely just like the Bilt Mastercard. It’s the sole bank card product in a comparatively new factors system — Bilt Rewards — and has distinctive options relating to lease funds. Nonetheless, in the event you aren’t prioritizing incomes rewards on lease funds (as much as 100,000 factors every calendar 12 months), chances are you’ll discover a higher slot in one among these alternate options:
For added choices, try our full record of the finest journey rewards and no-annual-fee bank cards.
Associated: Bilt Mastercard vs. Chase Sapphire Most popular
Is the Bilt Mastercard price it?
The Bilt Mastercard is good for many who pay lease every month and need to earn bank card rewards however do not need to pay transaction charges (see charges and charges). Those that do not pay lease could take into account one other card with extra profitable incomes charges.
Associated: Must you use the Bilt Mastercard? Why it may very well be a recreation changer for renters
Backside line
The Bilt Mastercard is exclusive. It has its personal rewards program and affords renters the power to earn factors each month with out incurring transaction charges — plus, there is no annual price on the cardboard (see charges and charges). There are journey protections and a number of methods to redeem factors, and the switch companions present high quality choices for journey.
Drawbacks embrace the necessity to make 5 purchases in your card each assertion interval earlier than qualifying for factors, and the Bilt Mastercard would not provide any welcome bonus. The Bilt Mastercard might not be the very best bank card in your pockets for each buy class, nevertheless it may match effectively into a various factors and miles technique, particularly in the event you’re a renter.
Apply right here: Bilt Mastercard
For charges and charges of the Bilt Mastercard, click on right here.
For rewards and advantages of the Bilt Mastercard, click on right here.
