Credit Cards
Bilt Mastercard® Credit Card review
The Bilt Mastercard® Credit Card is truly an unique product that offers an exclusive set of rewards. Read our full review to understand what they are and how you can benefit from having this card.
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Bilt Mastercard® Credit Card: The only credit card that gives you rewards on rent!
Having a credit card can be an incredibly helpful tool in your financial toolkit. And, if you’re looking for a new credit card, why not consider the Bilt Mastercard® Credit Card? This is the only card in the market that rewards you with valuable points for paying rent.
But that’s not all it has to offer. With no annual or foreign transaction fees, you can take this card everywhere and earn valuable points on travel. Your dining experiences will also be taken care of, with 3x rewards points, DoorDash discounts and reservation concierge 24/7.
How to apply for the Bilt Mastercard® Credit Card
Do you want a credit card that rewards your everyday spending with rent discounts? Then check out how to apply for the Bilt Mastercard® Credit Card!
- Credit Score: You need a rating between good and excellent to qualify.
- APR: A variable between 19.99% and 27.99%.
- Annual Fee: There’s no annual fees attached to the Bilt Mastercard®.
- Fees: 5% (or $10) for cash advances, 3% (or $5) for balance transfers, up to $40 on late payments. Cash advance APR is 27.74% based on Prime Rate.
- Welcome bonus: There’s no current offer.
- Rewards: 1 point on rent payments up to $50,000 per year. 3 points on dining, 2 points on travel and 1 point on every other purchase.
The Bilt Mastercard® Credit Card is a great choice for those looking for the convenience and security of a credit card combined with robust rewards. With it, you also get additional benefits such as cell phone protection, purchase security, travel insurance and much more.
So, are you interested in learning more about this card and how it can help upgrade your lifestyle? Then keep reading our Bilt Mastercard® Credit Card review below for more!
Bilt Mastercard® Credit Card: how does it work?
Issued by Wells Fargo, the Bilt Mastercard® offers an innovative way to reward its customers. With it, you can earn one point per dollar on rent payments up to $50,000 a year. This is the only credit card in the market that has rewards in this category.
You can redeem those points to cover part of your next rent or save them for a down payment. Yes, this card allows you to pave the way to homeownership with every swipe! You’ll also get points on travel, dining (including eligible delivery services) and much more.
Best of all, the Bilt Mastercard® Credit Card charges no annual or foreign transaction fees. So you can save money and maximize your rewards while using the card on international travels or purchases.
The downside to this card is its possible high APR, starting at 19.99% and up to 27.99%. You also have to make at least 5 transactions each month to earn the rewards. But if you pay your balance in full and prioritize this card for spending, these shouldn’t be an issue.
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Significant benefits and disadvantages you may find
The Bilt Mastercard® Credit Card is an affordable and interesting way to earn rewards. However, it’s not free of a few drawbacks that might affect your decision. Check them out below.
Benefits
- You’ll earn one point per dollar on rent payments;
- Great rewards rate on dining and travel;
- The absence of annual and foreign transaction fees;
- Double your points on the 1st of each month;
- Additional travel and dining benefits;
- You can easily transfer your points to travel partners;
- Redeem your rewards to save on your next rent or use them as a down payment.
Disadvantages
- You need to make at least five card transactions to earn the rewards;
- Relatively high APR.
Is a good credit score required for applicants?
Applying for the Bilt Mastercard® Credit Card can be an excellent financial strategy, as long as you meet the requirements. Wells Fargo doesn’t require applicants to have an exceptional credit score. However, having a score above 680 will certainly increase your approval odds.
Learn how to apply and get a Bilt Mastercard® Credit Card
The Bilt Mastercard® Credit Card is a great option for people who are looking to get the most out of their utility expenses. If you like what it has to offer, applying for it is easy and you can do it online. Check the following link for a complete walkthrough of the process.
How to apply for the Bilt Mastercard® Credit Card
Do you want a credit card that rewards your everyday spending with rent discounts? Then check out how to apply for the Bilt Mastercard® Credit Card!
Aline Barbosa
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