Skip to Main Content

Bilt Mastercard Review: A first for renters and future homebuyers

What could be better than paying rent, earning rewards and skipping the fees? Keep reading to find out.

 /  11 min
Bankrate logo

The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.



Bankrate rating
Rating: 4 stars out of 5

Bottom line

This card is the first to let you pay for your rent without transaction fees. For maximum value, pair it with a card with high-earning bonus categories that fit your spending habits.

Image of Bilt Mastercard®
Apply now Lock
on Wells Fargo's secure site

Best for renters

Bilt Mastercard®

Rewards rate

1X Points - 3X Points

Annual fee

Intro offer


Good to Excellent (670 – 850)

Bilt card Overview

The Bilt Mastercard® is a unique and versatile rewards card that will appeal to renters and fee-averse travelers. One of the card’s standout features is that it earns points on rent payments without any transaction or processing fees. Try paying rent with any other credit card, and you will typically find yourself paying additional fees that negate the points you may be trying to earn.

The card also earns bonus rewards on travel and dining and offers multiple redemption options, including for travel, fitness or future rent payments. You can also save up your Bilt rewards to put toward a down payment on a home — a fantastic feature if you find yourself struggling to save for a down payment.

The Bilt card comes with some additional benefits that help it compete with the best rewards cards. It offers elite status, which unlocks new features as you earn more points, like the chance to earn interest in the form of additional points on any unused points. Your points can also be transferred to a variety of airline and hotel partners, a rare feature you won’t find with many travel cards that charge no annual fee.

No other credit card on the market currently combines the value of making fee-free rent payments with the convenience of saving up points that can build interest. But the Bilt Mastercard won’t be a good fit for everyone. Other cards could provide greater value and help you earn rewards more quickly. 

See if the Bilt Mastercard can be part of an effective strategy to help you earn as many credit card rewards as possible or consider possible alternatives.

  • Credit Card Cash Back


    • 3X points on dining
    • 2X points on travel
    • 1X points on rent payments (up to a maximum 100,000 points per year) 
    • 1X points on other eligible purchases 
    • Earn full points only when you make five transactions that post each statement period; otherwise, earn a flat 250 points on rent when you use your Bilt Mastercard to pay rent through the Bilt App.

    Expert Appraisal: Exceptional 
    See our expert analysis

  • Credit Card Search

    Rates and fees

    • Annual fee: $0
    • Regular APR: See terms
    • Foreign transaction fee: None

    Expert Appraisal: Typical
    See our expert analysis

  • Congrats

    Other cardholder perks

    • Bonus points on the first of every month for 24 hours
    • Potential to earn elite status with points earned
    • Travel insurance (rare for a no annual fee card)

    Expert Appraisal: Good
    See our expert analysis

Bilt card pros and cons


  • Checkmark

    The card offers the rare chance to earn points on rent without paying transaction or processing fees while earning points.

  • Checkmark

    You can maximize unused points by earning interest on them if you achieve Silver or above elite status.

  • Checkmark

    Points can be transferred to one of 12 travel partners, which could help bring down the cost of travel even more.


  • Some other travel and cash back cards offer more bonus categories with better rewards rates.

  • The lack of a welcome bonus or intro APR offer gives the card poor short-term value compared to the top rewards cards.

  • Renters with fair or bad credit who could benefit the most from this type of card are unlikely to be approved because the card requires good to excellent credit.

Why you might want the Bilt card

This rewards card takes it up a notch with its points for rent and unique redemption options. With no annual fee, you can reap a lot of benefits from this card.

Rewards: Earn on rent with no transaction fees

The ability to earn 1X points on rent and avoid a transaction fee is the biggest reason to use the Bilt card since you will currently struggle to find another card with a similar offer. The 3X points on dining is a fine rate found with many rewards cards.

The spending cap on rent of 100,000 points per year won’t impact anyone who pays $4,166 or less per month. But there are some restrictions to keep in mind: 

  • Rent payments can only be made to one rental property per month. 
  • You must use the Bilt Mastercard at least five times each statement period to earn the maximum amount of points. 
  • If you fail to make the minimum required transactions each month, you’ll only earn a flat rate of 250 points for paying your rent.

The Bilt Rewards program provides a variety of different options to redeem your points, like using the Bilt Travel portal to book flights, hotels, car rentals and more. Or you can transfer your points to one of Bilt’s 14 transfer partners.

But what makes the card even more unique is that you can use your points to cover rent or save up for a down payment on a home. You can also redeem your points for items at Amazon or for curated art, apparel and decor through the Bilt Collection. Fitness classes are another option, with classes at companies like SoulCycle, Y7 Studio and [solidcore] starting at 1,600 points a class. 

Rate and fees: No annual or foreign transaction fees

The Bilt card has no annual fee to worry about, making it easy for you to come out ahead when you start using the card and earning rewards. There are also no foreign transaction fees, which is terrific plus when traveling abroad.

However, the card’s variable APR (See Terms) and common credit card fees, like a late payment fee, are fairly typical. If you are concerned about debt management, a low-interest credit card or balance transfer card with a long 0-percent intro APR offer might be more valuable for you.

Perks: One-of-a-kind features

Rent day bonus

One of Bilt's best features is its Rent Day bonus points. On the first of every month, your Bilt rewards card will earn double points on all non-rent purchases for 24 hours, up to 10,000 bonus points:

  • Dining: 6X points (regularly 3X points)
  • Travel: 4X points (regularly 2X points)
  • All other non-rent purchases: 2X points (regularly 1X points)

Once you hit 10,000 bonus points with these outsized rates, you’ll resume earning rewards at your regular rates. As long as you don’t mind waiting to make your biggest purchases, this will be a handy feature for any cardholder.

Elite status

In addition, cardholders can earn loyalty status based on the number of points earned in a year. Here’s a look at each status level:

Loyalty Tier Points required Benefits
Blue Less than 25,000 points per year
  • 1:1 point transfers with airlines & hotels, with a minimum transfer of 2,000 points
  • Access to the Bilt Collection 
  • Build credit history by reporting on-time rent payments to credit bureaus
Silver 25,000 to 49,999 per year All the benefits of Blue status, plus:
  • 1:1 point transfers with airlines & hotels, with a minimum transfer of 1,000 points
  • 10% bonus on lease incentive points from participating properties
  • Interest earned on points
Gold 50,000 to 99,999 per year All the benefits of Blue status, plus:
  • 25% bonus on lease incentive points from participating properties
  • Interest earned on points
  • Homeownership Concierge
Platinum 100,000 or more per year All the benefits of Blue status, plus:
  • 50% bonus on lease incentive points from participating properties
  • Interest earned on points
  • Homeownership Concierge
  • Personalized gift from The Bilt Collection

Cardholder status depends on how many points you earn in a calendar year. As soon as you reach the required number of points, your status will update automatically. Plus, you’ll keep your new status level through the end of the following year. It’s a nice way to encourage you to use the card and build up your points throughout the year — as long as you can take advantage of the elite perks.

The bonus on lease incentives and interest earned on points once you achieve Silver, Gold, or Platinum status are interesting features that can also add points to your account. 

However, you might be able to get more value out of other cards with competitive rewards rates for specific categories, like a grocery rewards card

Travel insurance and cellphone protection

The card's travel insurance also sets it apart from other no-annual-fee cards, which coupled with its zero foreign transaction fee, can make it an attractive travel card. With the Bilt card, you get up to $5,000 worth of trip cancellation and interruption if your trip gets interrupted or canceled due to a covered event. 

There’s trip delay reimbursement, which provides up to $200 per day for up to three days on a trip that’s delayed for at least 6 hours (up to $1,800 total for all covered travelers per trip). There’s also an auto rental collision damage waiver if your rental car is damaged or stolen.

If your cellphone is damaged or stolen, you can get reimbursed up to $800 for the cost of repair or replacement after any coverage provided by primary insurance. There’s a $25 deductible and you can only have two paid claims per year, but this is a perk that goes further than the $600 coverage and $50 deductible offered by many other rewards cards with cellphone insurance.

Why you might want a different no-annual-fee card

No welcome offer

The Bilt card does not currently have a welcome offer, putting it at a disadvantage compared with many other rewards cards. While there are other features to look for in a rewards card, welcome bonuses are a great incentive that can help you quickly earn outsized rewards. 

They have become a standard feature for many cards, especially for people with good credit, who can typically find offers worth $200 or more, even with cards that charge no annual fee.

Credit score: Good to excellent

While this card allows you to build credit by paying your rent and reporting to all three credit bureaus, those who would benefit the most may not qualify. 

The recommended credit score to apply for this card is good to excellent (670-850). But people with fair credit, low credit or no credit would benefit the most from building credit as they pay rent. If you already have a good to excellent score, then you may not need work on your credit history, making this feature less advantageous. 

If you need help finding your score, our guide on how to check your credit score can help.

How the Bilt card compares to other no-annual-fee cards

The Bilt card is unrivaled if you’re looking for a card that rewards your rent payments and helps you save money for a home. But there are other rewards cards that can possibly do a better job of getting you the most value for your rewards.

Image of Bilt Mastercard®
Bankrate Score
See Rates & Fees , Terms Apply
Apply now Lock
on Wells Fargo's secure site

Annual fee


Intro offer


Rewards rate

1X Points - 3X Points

Recommended Credit Score

Good to Excellent (670 – 850)
Image of Chase Freedom Unlimited®

Chase Freedom Unlimited®

Annual fee


Intro offer

Earn an Additional 1.5% Cash Back

Rewards rate

1.5% - 5%

Recommended Credit Score

Good to Excellent (670 – 850)

Best cards to pair with the Bilt Mastercard

Consider using a high-earning rewards card that fits your spending habits to make the most of your earnings. Pay your rent with the Bilt card and use it for dining purchases, but for all other purchases another card can help you bring in more rewards.

Who is the Bilt card right for?

Bankrate’s Take — Is the Bilt card worth it?

The Bilt card is a solid pick for many people who want to take advantage of this no-annual-fee card’s main feature: the ability to use a credit card to pay your rent without having to deal with transaction fees.

The card comes with some additional features — transferable points, elite status and the chance to save up interest-earning points for a down payment on a home — that could be appealing to renters looking for an easy way to earn and use rewards without having to pay an annual fee. But this is the kind of card you want to pair with another rewards card, or even multiple rewards cards, to ensure you’re doing all you can to bring down the cost of travel or save up for the home of your dreams.

Frequently asked questions

Written by
Robert Thorpe
Editor, Personal Finance

Most recently before joining Bankrate, Robert worked as an editor and writer at The Ascent by The Motley Fool, covering a number of personal finance topics, including credit cards, mortgages and loans.

Edited by Senior Editor, Credit Cards

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.