The Bilt Mastercard® offers a unique rewards program, primarily targeting renters by allowing them to earn points without transaction fees on rent payments, up to 100,000 points annually. Cardholders earn 3x points on dining, 2x on travel, and 1x on other purchases. Notably, the card has no annual or foreign transaction fees. Bilt doesn’t officially offer a welcome bonus, but select members are targeted for limited promotional offers.
Beyond spending rewards, Bilt provides valuable travel and purchase protections and perks like monthly Lyft credits and access to award search tools for optimizing point usage. Points can be redeemed for flights, hotels, rent payments, or converted to frequent traveler programs at a 1:1 ratio. Bilt rewards can be maximized further on “Rent Day” each month, offering doubled points and occasional bonus rates for elite members. Elite status offers additional perks such as partnership discounts and milestone rewards.
Cardholders can boost their points through Bilt’s Neighborhood Rewards network and partnerships with brands like Walgreens. The card excels for travelers due to its versatile point transfer options and valuable redemption rates, though less so for homeowners not earning rent points.
In comparing with the Citi Double Cash® Card, Bilt stands out for travel rewards, whereas Citi offers straightforward cash back benefits. The Capital One Venture Rewards Credit Card, another competitor, provides a strong welcome bonus and extensive transfer partners but charges an annual fee. Overall, the Bilt Mastercard® serves as a highly rewarding option for renters looking to make the most of their everyday spending and travel opportunities.
Original Story https://www.cnbc.com/select/bilt-rewards-mastercard-review/
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