Slickdeals is community-supported.  We may get paid by brands or deals, including promoted items.
Popular

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

+40 Deal Score
34,957 Views
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
Good Deal?
Add Comment
Created 03-28-2022 at 06:21 PM by joysaikat
If you take advantage of an offer on our site, Slickdeals may receive a commission.
Deal
Score
+40
34,957 Views

Your comment cannot be blank.

Sign up for a Slickdeals account to remove this ad.

Joined Apr 2006
L5: Journeyman
> bubble2 526 Posts
128 Reputation
ken.yong
03-28-2022 at 06:37 PM.
03-28-2022 at 06:37 PM.
My bilt MasterCard is pending... No idea why
2
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2010
L5: Journeyman
> bubble2 529 Posts
40 Reputation
shahzadquraishi
03-28-2022 at 06:56 PM.
03-28-2022 at 06:56 PM.
Does this allow for mortgage payments too?
4
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2011
Price Compare, Always
> bubble2 16,683 Posts
3,144 Reputation
Expert
This user is an Expert in Tech & Electronics
bluekiwi
03-28-2022 at 07:05 PM.
03-28-2022 at 07:05 PM.
Quote from shahzadquraishi :
Does this allow for mortgage payments too?
I am wondering this also, the terms state:

One point per $1 spent on rent paid through the Bilt App with your card account up to a maximum of Fifty Thousand (50,000) points each calendar year. If your rent payment is less than $250, you will earn 250 points for that rent payment. Note, rent payments can only be made to one rental property per month.

Three points (1 base point plus 2 bonus points) are earned per $1 spent on qualifying net purchases at retailers whose merchant code for Mastercard is classified as Dining: eating places and restaurants, drinking places, bakeries, or fast food restaurants (caterers, grocery stores, and other miscellaneous places that serve food or operate restaurants on their premises are not considered eating places and restaurants).

Two points (1 base point plus 1 bonus point) are earned per $1 spent on qualifying net purchases made directly at retailers whose Merchant code for Mastercard is classified as Travel: airlines, hotels, motels, resorts, cruise lines, and car rental agencies (bus lines, passenger railways/trains, taxicabs and limousines, rideshares, ferries, timeshares, travel agencies, online travel sites, real estate agents, vacation rental platforms (e.g. VRBO, Airbnb), campgrounds, boat lease/rental, motor home/recreational vehicle rental, toll bridges and highways, parking lots, and garages are not included).

One point will be earned per $1 spent on other qualifying net purchases.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Feb 2006
~blank~
> bubble2 2,615 Posts
1,404 Reputation
Pro
landen118
03-28-2022 at 07:10 PM.
03-28-2022 at 07:10 PM.
Interesting option. Thanks for sharing
Like
Funny
>
Helpful
Not helpful
Reply
Joined Dec 2021
L5: Journeyman
> bubble2 580 Posts
34 Reputation
model3.420
03-28-2022 at 07:23 PM.
03-28-2022 at 07:23 PM.
looks like they just cut a check w/o cash adv fees.. Should work for utilities etc too unless they're trying to cater to renters (other perks seem gen x, y, z focused(
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2010
L5: Journeyman
> bubble2 529 Posts
40 Reputation
shahzadquraishi
03-28-2022 at 07:24 PM.
03-28-2022 at 07:24 PM.
Quote from bluekiwi :
I am wondering this also, the terms state:

One point per $1 spent on rent paid through the Bilt App with your card account up to a maximum of Fifty Thousand (50,000) points each calendar year. If your rent payment is less than $250, you will earn 250 points for that rent payment. Note, rent payments can only be made to one rental property per month.

Three points (1 base point plus 2 bonus points) are earned per $1 spent on qualifying net purchases at retailers whose merchant code for Mastercard is classified as Dining: eating places and restaurants, drinking places, bakeries, or fast food restaurants (caterers, grocery stores, and other miscellaneous places that serve food or operate restaurants on their premises are not considered eating places and restaurants).

Two points (1 base point plus 1 bonus point) are earned per $1 spent on qualifying net purchases made directly at retailers whose Merchant code for Mastercard is classified as Travel: airlines, hotels, motels, resorts, cruise lines, and car rental agencies (bus lines, passenger railways/trains, taxicabs and limousines, rideshares, ferries, timeshares, travel agencies, online travel sites, real estate agents, vacation rental platforms (e.g. VRBO, Airbnb), campgrounds, boat lease/rental, motor home/recreational vehicle rental, toll bridges and highways, parking lots, and garages are not included).

One point will be earned per $1 spent on other qualifying net purchases.

https://www.biltrewards.com/help?...amWx5lNT0Q this is from their faqs. No points for mortgage payments
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jan 2013
L2: Beginner
> bubble2 57 Posts
38 Reputation
Original Poster
joysaikat
03-28-2022 at 07:27 PM.
03-28-2022 at 07:27 PM.
Quote from shahzadquraishi :
Does this allow for mortgage payments too?
As far as I know, they do not allow mortgage payments. It could be that their business model is to sell renter's data to real estate investors/banks. They do claim that paying rent through Bilt will improve credit score. So, they are sharing some information with the reporting agencies.

Mortgage data can already be accessed from the banks. So, opportunities comparatively less in that domain.
6
Like
Funny
>
Helpful
Not helpful
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2013
L2: Beginner
> bubble2 57 Posts
38 Reputation
Original Poster
joysaikat
03-28-2022 at 07:32 PM.
03-28-2022 at 07:32 PM.
Quote from model3.420 :
looks like they just cut a check w/o cash adv fees.. Should work for utilities etc too unless they're trying to cater to renters (other perks seem gen x, y, z focused(
Travel rewards are pretty cool. For example, I would not characterize 1:1 United miles conversion appealing to only certain age group.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jul 2009
L4: Apprentice
> bubble2 389 Posts
75 Reputation
hucksack
03-28-2022 at 07:39 PM.
03-28-2022 at 07:39 PM.
So what can you redeem these points for in the Bilt app? amazon gift cards and that type of thing? can those who use the service chime in on what they order with their points and how many points these items cost? thank you!
1
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jan 2013
L2: Beginner
> bubble2 57 Posts
38 Reputation
Original Poster
joysaikat
03-28-2022 at 07:45 PM.
03-28-2022 at 07:45 PM.
Quote from hucksack :
So what can you redeem these points for in the Bilt app? amazon gift cards and that type of thing? can those who use the service chime in on what they order with their points and how many points these items cost? thank you!
Haven't redeemed yet, saving for travel/hotel.
So, possible options are
1. Transfer to travel partners.
2. Redeem for activity classes (yoga/soul cycle/boxing).
3. Redeem for some decorative gifts.
4. Redeem on your rent.

(I would never do 3 and 4)
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2018
L4: Apprentice
> bubble2 411 Posts
199 Reputation
Pro
ShrewdCrowd1060
03-28-2022 at 07:57 PM.
03-28-2022 at 07:57 PM.
If you're at a qualifying property, you don't need a credit card, correct? Trying to avoid credit check to fall below 5/24
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jan 2013
L2: Beginner
> bubble2 57 Posts
38 Reputation
Original Poster
joysaikat
03-28-2022 at 08:07 PM.
03-28-2022 at 08:07 PM.
Quote from ShrewdCrowd1060 :
If you're at a qualifying property, you don't need a credit card, correct? Trying to avoid credit check to fall below 5/24
I think so. I usually pay through their app and the credit card is not involved.

However, do check if there is any limitation on number of points earned if you do not have their credit card.They do have certain criteria to get the 1x point on rent - like use the card at least 5 times in a billing cycle.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2018
L4: Apprentice
> bubble2 411 Posts
199 Reputation
Pro
ShrewdCrowd1060
03-28-2022 at 08:10 PM.
03-28-2022 at 08:10 PM.
Quote from joysaikat :
I think so. I usually pay through their app and the credit card is not involved.

However, do check if there is any limitation on number of points earned if you do not have their credit card.They do have certain criteria to get the 1x point on rent - like use the card at least 5 times in a billing cycle.
Okay tried signing up. It's limited to 250 pts/month if you don't get the credit card.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Feb 2012
L6: Expert
> bubble2 1,093 Posts
846 Reputation
tosaynet
03-28-2022 at 08:12 PM.
03-28-2022 at 08:12 PM.
What prevents me from .... cutting a check to myself aka landlord? ... I can just deposit cash to my other checking account and collect points, no?
4
Like
Funny
>
Helpful
Not helpful
Reply
Page 1 of 7
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.