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Bilt - Bank Advertiser Discounts, Deals and Coupon Codes

***Coming in 2025*** Bilt card - Rewards points on mortgage payments ***Coming in 2025***

799 1,731 December 3, 2024 at 02:47 PM in Finance (6) Bilt - Bank Advertiser
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Last Edited by rachaelm | Staff December 3, 2024 at 07:36 PM
+37 Deal Score
25,050 Views
This card has proven to be useful for Rent and HOA payments, and will soon support Mortgage payments.

Paraphrasing from the link:

1. Rewarding You on Rent (...and Mortgage) Payments

...
Looking ahead to 2025:

We'll announce the first phase of plans in the mortgage space, creating a whole new category of value for homeowners. Whether you're making monthly payments or refinancing, you'll soon be able to earn points on your mortgage payments.

We're also expanding partnerships to help you earn more rewards on rent, whether you use the Bilt card or other credit and debit cards you may already have.

By transforming housing payments into an opportunity to earn rewards, Bilt is creating value where it matters most.

https://newsroom.biltrewards.com/...mbers-2024
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Joined Mar 2016
L2: Beginner
> bubble2 45 Posts
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aelleon
12-03-2024 at 08:22 PM.
12-03-2024 at 08:22 PM.
Quote from Reflex1664 :
"Use the card 5 times each statement period to earn points"
https://www.wellsfargo.com/credit...ilt/terms/
They probably want at least 5 transactions to mitigate higher risk of paying debt with debt.... to validate paying you the full cashback reward amount.

I would imagine most people here would want the full 1000+ Points with their mortgage payment if no 5 transactions you only get 250 Points per month.

Does anyone know if 2000 Points equals $20?

**oh, and PS this actually might hurt your creditworthiness to move elsewhere because you know most banks wont take your new mortgage if you have 45%+ debt to income. lol
Since how you will have a credit line and a mortgate line monthly payment due on your credit report. LMAO so I can see how this is to good to be true for those with limited incomes.

You might have to close the card or just not use it prior to applying to any new mortgages.....

2000 points is $20 but it's much better value to transfer your points for award travel.

And they have an option to immediately debit your bank account so that it doesn't affect your credit score with a high amount of debt.

All around great card tbh
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Joined Oct 2018
L2: Beginner
> bubble2 25 Posts
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Reflex1664
12-03-2024 at 08:31 PM.
12-03-2024 at 08:31 PM.
Quote from aelleon :
2000 points is $20 but it's much better value to transfer your points for award travel.

And they have an option to immediately debit your bank account so that it doesn't affect your credit score with a high amount of debt.

All around great card tbh
Good to hear. yeah same day prepay would mitigate such risk.

Thanks for letting me know I will surely keep an eye on this
Reply
Joined Jun 2005
L6: Expert
> bubble2 1,025 Posts
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yybug
12-03-2024 at 08:40 PM.
12-03-2024 at 08:40 PM.
Quote from slip kid :
1:1 with marriott would be huge. Will look fwd to the reviews when this starts.

Kidding? Marriott pt worth 0.8c only 1:1will be a very bad value.
Reply
Joined Feb 2007
L10: Grand Master
> bubble2 8,773 Posts
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trza
12-03-2024 at 08:40 PM.
12-03-2024 at 08:40 PM.
Quote from Reflex1664 :
"Use the card 5 times each statement period to earn points"
https://www.wellsfargo.com/credit...ilt/terms/
They probably want at least 5 transactions to mitigate higher risk of paying debt with debt.... to validate paying you the full cashback reward amount.

I would imagine most people here would want the full 1000+ Points with their mortgage payment if no 5 transactions you only get 250 Points per month.

Does anyone know if 2000 Points equals $20?

**oh, and PS this actually might hurt your creditworthiness to move elsewhere because you know most banks wont take your new mortgage if you have 45%+ debt to income. lol
Since how you will have a credit line and a mortgate line monthly payment due on your credit report. LMAO so I can see how this is to good to be true for those with limited incomes.

You might have to close the card or just not use it prior to applying to any new mortgages.....
Pay it off before the statement cuts and it won't report a balance.
2
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Joined Dec 2004
L10: Grand Master
> bubble2 12,512 Posts
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kensteele
12-03-2024 at 08:44 PM.
12-03-2024 at 08:44 PM.
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Joined May 2010
L1: Learner
> bubble2 20 Posts
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rockahn
12-03-2024 at 09:06 PM.
12-03-2024 at 09:06 PM.
Quote from raionz :
They offer ACH and even physical check options from my understanding. If we can use this to pay mortgages and the fact that they transfer points at 1:1 to Hyatt and Marriott is a huge deal to us.

Looking forward to this!

Only 1 check per month 😭
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Joined Jan 2011
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BrokePanda
12-03-2024 at 09:06 PM.
12-03-2024 at 09:06 PM.
Will be great for property tax too
Reply
Joined Apr 2016
L6: Expert
> bubble2 1,527 Posts
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Rontron
12-03-2024 at 09:13 PM.
12-03-2024 at 09:13 PM.
Their contract with Wells Fargo ends 2029 unless they can turn a profit for WF. By the WSJ report, WF ain't happy. Seems like a good deal for now.
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Joined Dec 2005
L4: Apprentice
> bubble2 364 Posts
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Kmony
12-03-2024 at 09:15 PM.
12-03-2024 at 09:15 PM.
Quote from BrokePanda :
Will be great for property tax too

They review all transactions so besides what they allow i.e. rent, mortgage, hoa fees etc... the ach transaction will be rejected and you will end up paying a check return fee. Don't ask me how I know.
1
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Joined Dec 2006
L9: Master
> bubble2 4,488 Posts
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Thelnel52
12-03-2024 at 09:46 PM.
12-03-2024 at 09:46 PM.
I'm a little tired to look it up now, but hypothetically, if your total mortgage payment (including impounds) is $5k/mo., then this card will give 60k points per year?
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Joined Dec 2007
L6: Expert
> bubble2 1,741 Posts
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mnagali
12-03-2024 at 10:04 PM.
12-03-2024 at 10:04 PM.
So if I understand it correctly, the only catch is that you have to use the credit card at least 5 times a month?
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Joined May 2016
L5: Journeyman
> bubble2 886 Posts
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eaims1
12-04-2024 at 03:43 AM.
12-04-2024 at 03:43 AM.
1
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Joined Sep 2010
L3: Novice
> bubble2 562 Posts
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bbyf1601
12-04-2024 at 04:02 AM.
12-04-2024 at 04:02 AM.
Quote from Kmony :
They review all transactions so besides what they allow i.e. rent, mortgage, hoa fees etc... the ach transaction will be rejected and you will end up paying a check return fee. Don't ask me how I know.
Could always have your mortgage company handle paying property tax and insurance via escrow.
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Joined Jan 2018
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> bubble2 81 Posts
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Ravens2022
12-04-2024 at 04:28 AM.
12-04-2024 at 04:28 AM.
Quote from bbyf1601 :
Could always have your mortgage company handle paying property tax and insurance via escrow.
Depending where you live and what they charge it might be better if you just pay it with a credit card.
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