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Bilt credit card offering upto 50000 reward points for fee-less rent payment

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Bilt credit card offering upto 50000 reward points per year on fee less rent payment
This is not a deal in the sense of slickdeals, but this info has let me earn a lot of reward points so far. I searched a bit and could not see anything on slickdeals; hence, I am creating a post. Please delete the post if this has already been reported.

Bilt credit card partnered with our building for fee less rent payment while I could earn 1x point on rent. This was a no brainer as rent is my biggest expense. Now, Bloomberg is reporting that Bilt has partnered with WellsFargo to offer their credit card and they have opened their fee-less rent payment to everyone (and not only partnering buildings).

Note: 1. Their app is pretty cool, and the claimed point conversion is pretty mind blowing (e.g. 1:1 United miles).


https://www.bloomberg.com/news/ar...ayments​




https://www.biltrewards.com/card
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Bilt credit card offering upto 50000 reward points for fee-less rent payment
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Created 03-28-2022 at 06:21 PM by joysaikat
in Credit Cards (4)
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Joined Apr 2005
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hotdeal13
03-30-2022 at 09:22 PM.
03-30-2022 at 09:22 PM.
Quote from iBoo :
How does paying rent work? Do we just put the landlords name, address, and a check is mailed to him?

the app will create routing number and account number and you just pay like you usually pay through the bank.
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getoffmyland
03-31-2022 at 10:31 AM.
03-31-2022 at 10:31 AM.
My management company verifies my bank account in their portal by making a small deposit and asking me to confirm the amount. Does anyone know if I'd be able to do this using the Bilt card and the ACH/routing number they create?
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Joined Dec 2004
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kensteele
03-31-2022 at 11:17 AM.
03-31-2022 at 11:17 AM.
Quote from getoffmyland :
My management company verifies my bank account in their portal by making a small deposit and asking me to confirm the amount. Does anyone know if I'd be able to do this using the Bilt card and the ACH/routing number they create?
buried somewhere deep in their faqs:

FYI: if account verification via deposit is required by your portal, you will receive an email from Bilt with the deposit amount.
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dagarwal3
03-31-2022 at 11:31 AM.
03-31-2022 at 11:31 AM.
Signed up and approved Smilie
Rent credit available shows $0. App buggy... not able to fetch account details.
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Joined Sep 2005
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getoffmyland
03-31-2022 at 11:33 AM.
03-31-2022 at 11:33 AM.
Quote from kensteele :
buried somewhere deep in their faqs:

FYI: if account verification via deposit is required by your portal, you will receive an email from Bilt with the deposit amount.
thanks!
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Joined Aug 2013
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korpo53
03-31-2022 at 07:42 PM.
03-31-2022 at 07:42 PM.
Quote from kensteele :
no thanks. this reminds me of those pre-approved car loan checks you used to get in the mail that you fill out the amount (up to) and sign the back and turn it over to the dealership when you buy a car from them. more often then not, the dealership wouldn't accept it because they didn't want to bother. the check has a lot of terms, etc. i get the feeling if you use this, next month you get a call from your landlord saying "we got the "check" and we need to talk about it...."

dealing directly is fine but can anyone comment on this check. if the landlord deposits it, obviously it not as simple as a routing number and a bank account loaded with funds. you cash this check on behalf of slickdealer and you are obligated to do what else?
My apartment complex was pumping this thing for months and have signs up everywhere advertising it, so they're definitely onboard. And this isn't some shady complex, it's a fancy one in a fancy area.
There definitely has to be some benefit to the complex I'd they're shilling it as hard as they are.
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iheartemox
03-31-2022 at 08:06 PM.
03-31-2022 at 08:06 PM.
Quote from korpo53 :
My apartment complex was pumping this thing for months and have signs up everywhere advertising it, so they're definitely onboard. And this isn't some shady complex, it's a fancy one in a fancy area.
There definitely has to be some benefit to the complex I'd they're shilling it as hard as they are.

At minimum, it probably increases on time rent payments. https://www.google.com/amp/s/tech...nters/amp/
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Joined Dec 2004
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kensteele
03-31-2022 at 08:24 PM.
03-31-2022 at 08:24 PM.
Quote from iheartemox :
At minimum, it probably increases on time rent payments. https://www.google.com/amp/s/tech...nters/amp/
beat me to it. im not even sure why a fancy rental complex would accept paper checks any longer.
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iheartemox
03-31-2022 at 08:38 PM.
03-31-2022 at 08:38 PM.
Quote from kensteele :
beat me to it. im not even sure why a fancy rental complex would accept paper checks any longer.

Ive lived at a couple of buildings run by companies that are bilt partners.. They all accepted checks unless you bounce one.. But usually people use acct # and routing # for ACH payments (which bilt offers, too).

I actually signed up for this today. First time I've signed up for a card without a big signing bonus in a while.. But assuming this works well, 36000 transferable points each year with no fees is pretty compelling.
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Last edited by iheartemox March 31, 2022 at 08:45 PM.
Joined Apr 2005
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hotdeal13
03-31-2022 at 08:47 PM.
03-31-2022 at 08:47 PM.
don't forget to get points every month you need at least 5 transactions per statement period
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Joined Jan 2020
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SiennaDeer8270
03-31-2022 at 08:54 PM.
03-31-2022 at 08:54 PM.
Quote from iheartemox :
Ive lived at a couple of buildings run by companies that are bilt partners.. They all accepted checks unless you bounce one.. But usually people use acct # and routing # for ACH payments (which bilt offers, too).

I actually signed up for this today. First time I've signed up for a card without a big signing bonus in a while.. But assuming this works well, 36000 transferable points each year with no fees is pretty compelling.
Let us know if you can cash out for cashback. That other guy said you can get 1.8 cents per point.
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iheartemox
03-31-2022 at 09:29 PM.
03-31-2022 at 09:29 PM.
Quote from SiennaDeer8270 :
Let us know if you can cash out for cashback. That other guy said you can get 1.8 cents per point.
I scrolled back to see what other guy you were talking about.. the points guy article gives a valuation of 1.8c/pt because some of the transfer partners can yield higher value. Their proprietary formula also gives extra value to flexible points (can be used with multiple hotels/airlines) vs points for a particular airlines or hotel.

I don't see actual cashback as an option for the Bilt card.

The value to me is in the transfer partners. Its easy to get over 1.5 cent per point on with some of the partners like Hyatt and AA and AC.

in order to maximize value of these points, like any other transferrable points (amex MR, Chase UR, Citi TY pts) will take some effort.
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Joined Sep 2007
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iheartemox
03-31-2022 at 09:48 PM.
03-31-2022 at 09:48 PM.
duplicate
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iheartemox
03-31-2022 at 09:50 PM.
03-31-2022 at 09:50 PM.
Quote from hotdeal13 :
don't forget to get points every month you need at least 5 transactions per statement period

Good point. I was planning to set up amazon reloads so i won't have to think about it
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Joined Dec 2004
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kensteele
04-01-2022 at 07:12 AM.
04-01-2022 at 07:12 AM.
Quote from hotdeal13 :
don't forget to get points every month you need at least 5 transactions per statement period
Quote from iheartemox :
Good point. I was planning to set up amazon reloads so i won't have to think about it
wouldn't it be a good idea to try to take advantage of a few purchases from teh 6% or 6x category?
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