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It’s best known for earning points on rent without any extra charges, making it a top choice for earning rewards on one of your biggest monthly expenses.
With Bilt, you also earn points for paying for dining, travel and other purchases anywhere MasterCard is accepted. The Bilt rewards card points are more valuable than those of most other rewards programs, making the Bilt Mastercard® an intelligent choice for anyone looking to get more from their spending.Are you curious to know more? Read this Bilt Rewards MasterCard review to learn about the features, benefits, rates, and how to qualify.
Features of the Bilt Credit Card
One of its best features is BiltProtect, which lets you pay rent without using your available credit. BiltProtect connects to your bank account and pulls funds within 48 hours to pay off rent charges on your card, just like a debit card. This way, you earn points on rent without using your credit.
In addition to rent benefits, the card provides excellent protection for your cell phone and purchases, guarding against theft and damage. You also gain access to the World Elite Mastercard Concierge service, offering personalized assistance for various needs.
Travelers appreciate the comprehensive travel protections included with the Bilt Mastercard. Your trip cancellation and interruption protection ensures you’re covered if your plans change unexpectedly.
Trip delay reimbursement helps cover additional expenses if your travel is delayed.
The auto rental collision damage waiver provides peace of mind and financial protection for car renters. Whether paying rent, traveling, or making everyday purchases, this card covers you.
Pros and Cons of the Bilt Credit Card
The Bilt Mastercard has benefits and drawbacks. They include:
Benefits of Bilt Credit Card
- 1X points on rent: Use Bilt Mastercard for rent and earn points without transaction fees, up to 100,000 points each year.
- 2X points on travel: Earn double points on travel purchases.
- 3X points on dining: Earn triple points whether you’re dining at a restaurant, a bar, or ordering in.
- 1X points on other purchases: Earn points on other purchases, provided you use the card five times each statement period.
- Rent Day bonuses: On the first of every month, earn 6X points on dining, 4X on travel, and 2X on other purchases.
Cons
While the Bilt Mastercard® has many benefits, there are a few potential drawbacks to consider:
- You must use the Bilt Mastercard® a minimum number of times to earn points.
- Approval for the credit card is subject to credit qualification.
Rates and Fees
What are the rates and fees for the Bilt Mastercard Rewards card? Well! The APR for purchases can range from 21.49% to 29.49%, depending on your credit score. Keep in mind that this rate might change along with the U.S. Prime Rate. The same rates apply to balance transfers, and eligibility requirements also come into play.
Now, for cash advances, the APR is fixed at 29.24%, and just like the others, it’s subject to change based on the U.S. Prime Rate. To avoid paying interest on your purchases, pay off all the balance by the due date each month, which typically gives you at least 25 days after the close of the billing period.
If you pay on time, you won’t be charged interest. However, if you are charged interest, the minimum fee will be $1.00.
The good news is that the Bilt credit card annual fee is zero. However, for balance transfers, there’s a fee of up to 5% of each transfer, with a minimum of $5.
Conversely, the fee for cash advances is $10 or 5% of the amount, whichever is greater.
And there are no fees for foreign currency conversion or foreign transactions. But watch out for late payments; they can rack up a fee of up to $40.
Eligibility Criteria and Requirements
To be eligible for a Bilt account, you must be at least 18 years old and a resident of the United States or its territories. The minimum age for the Bilt Mastercard may vary by state.
You must provide a valid email address to start the application. Your application will undergo a credit check, known as a “hard pull” or “hard inquiry,” which may affect your credit score.
The Bilt Credit Card Application Process
Applying for the Bilt Mastercard rewards card is simple. Visit their website and click on “Apply.” You’ll need to provide your email address.
Wells Fargo uses several identity and fraud verification tools to speed up the process of pulling data from sources like wireless carriers and credit agencies. This helps verify your identity and prefill your application information, making things quicker and easier.
Applications can be approved in less than 30 seconds, depending on your credit qualifications. If a manual review is needed, you’ll receive a decision within 30 days.
Once approved, you should receive your Bilt Mastercard within ten days, often sooner. If you have questions about your card’s delivery status, contact Wells Fargo’s customer service at 833-404-2272.
Conclusion
The Bilt Rewards Mastercard presents an exceptional opportunity for renters and travelers to maximize rewards while minimizing fees.
With its innovative features, robust benefits, and competitive rates, the Bilt Mastercard stands out as a top choice in the credit card market.
Whether you’re earning points on rent payments, enjoying travel protections, or taking advantage of dining rewards, this card offers unparalleled value and flexibility.
While it’s important to consider factors like eligibility criteria and fees, the benefits far outweigh any potential drawbacks. Apply for the Bilt Mastercard if it suits you and start enjoying the rewards and benefits it has to offer.
