Bilt Mastercard overview
*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 yr) — with out being charged a transaction price (see charges and costs).
And whereas this distinctive characteristic is value taking note of, it’s miles from the one motive 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 costs): 3 factors per greenback on eating and a couple of factors per greenback on journey purchases, all for no annual price (see charges and costs). Be aware the Bilt Mastercard should be used 5 occasions every assertion interval to earn factors (see rewards and advantages). The two factors per greenback incomes fee 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. Considered one of them is that despite the fact that 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).
Nevertheless, modifications are coming in February 2026. Bilt will finish its partnership with Wells Fargo and roll out three card choices with Cardless at completely different annual price thresholds — one with no annual price, one with $95 and one with $495. Extra particulars might be introduced this fall.
Let us take a look at the continued advantages supplied 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
Nevertheless, 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 authorised for the Bilt card utilizing your hyperlink. You may 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’ll be able to take pleasure in a number of advantages with the Bilt Mastercard, a lot of which come from the actual fact it is a World Elite Mastercard. The advantages on the Bilt Mastercard will be divided into 4 classes: rent-related advantages, credit-building, journey protections, and buy credit. You’ll be able to learn the total particulars on the Bilt Rewards and Advantages web page.
Lease-related advantages for the Bilt Mastercard embody paying lease with a bank card — thus incomes factors — with out paying any transaction charges (see charges and costs).
In case your landlord is not a part of the Bilt community, you may make an ACH (financial institution switch) cost via your landlord’s on-line cost system (if obtainable) or have Bilt ship a examine in your behalf. There are not 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 yr for lease funds; should use the cardboard 5 occasions every assertion interval to earn factors).
One other key good thing about the cardboard is credit score constructing. You’ll be able to 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 costs). Cardholders obtain as much as $5,000 in reimbursement for nonrefundable tickets if a visit is canceled or interrupted for a lined motive, 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 harm or theft. Utilization of all these advantages is in impact while 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 together with your Bilt Mastercard. Lastly, you should use your card confidently overseas as a result of it has No Overseas Transaction Price (see charges and costs). Extra data and phrases.
Associated: 5 methods to pay your lease with a bank card
Incomes factors with the Bilt Mastercard
You’ll solely earn factors while you make at the very least 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 a substitute, you’ll earn a flat fee of 250 factors for paying lease together with your card.
You may additionally obtain 250 Bilt Factors on your lease cost in case your cost is lower than $250 that month. You’ll be able to earn a most of 100,000 factors from lease funds in a calendar yr, requiring a median month-to-month lease of $8,333 to realize this most factors return.
TPG’s July 2025 valuations place Bilt Rewards factors at 2.2 cents per level, that 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 useful 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).
Nevertheless, factors earned on lease funds will not be doubled.
You may additionally earn additional factors at choose eating places with Bilt Eating, which offers bonus rewards while you use any credit score or debit card linked to your Bilt account to pay at taking part eating places. You may 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. Bear in mind, you should use the cardboard 5 occasions every assertion interval to earn factors.
There are completely different tiers of Bilt Elite Standing supplied through this card, which you’ll be able to earn via incomes qualifying factors or via qualifying spending. Be aware 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 yr or earned fewer than 50,000 Bilt Factors in a calendar yr; 1:1 factors transfers to journey companions (see under), entry to the Bilt Assortment (see under) and constructing credit score historical past via lease reporting.
- Silver: Earn 50,000 factors or spend $10,000 on eligible purchases in a yr; further advantages embody 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 yr; further advantages embody 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 yr; further advantages embody 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 will have a number of choices while you’re able to redeem your Bilt rewards. You need to use 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 sweet, 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 selection.
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 purchasing the Bilt Assortment of artwork, dwelling decorations and attire.
Bilt has a journey portal, and you’ll redeem your factors at a hard and fast worth of 1.25 cents apiece when reserving flights or inns 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 may get probably the most worth out of your factors in case 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 embody Air France-KLM Flying Blue, Alaska Airways Mileage Plan, United Airways MileagePlus and World of Hyatt.
When you’ve got Blue Standing with Bilt Rewards, you’ll need to switch at the very least 2,000 factors for every companion. When you’ve got Silver, Gold or Platinum Bilt Standing, you may should switch a minimal of 1,000 Bilt Factors. Transfers should be performed in 1,000-point increments.
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 are not 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. Nevertheless, in case you aren’t prioritizing incomes rewards on lease funds (as much as 100,000 factors every calendar yr), chances are you’ll discover a higher slot in one in every of these options:
For extra choices, take a look at our full checklist of the greatest journey rewards and no-annual-fee bank cards.
Associated: Bilt Mastercard vs. Chase Sapphire Most popular
Is the Bilt Mastercard value it?
The Bilt Mastercard is right 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 costs). Those that do not pay lease could contemplate 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 provides renters the flexibility to earn factors each month with out incurring transaction charges — plus, there is not any annual price on the cardboard (see charges and costs). There are journey protections and a number of methods to redeem factors, and the switch companions present high quality choices for journey.
Drawbacks embody the necessity to make 5 purchases in your card each assertion interval earlier than qualifying for factors, and the Bilt Mastercard does not supply any welcome bonus. The Bilt Mastercard might not be the very best bank card in your pockets for each buy class, however it might match effectively into a various factors and miles technique, particularly in case you’re a renter.
Apply right here: Bilt Mastercard
For charges and costs of the Bilt Mastercard, click on right here.
For rewards and advantages of the Bilt Mastercard, click on right here.
