Bilt Credit Card Review - Beginner's Guide to EVERY Benefit You Need to Know
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- čas přidán 24. 07. 2024
- The Bilt Mastercard may be the BEST travel credit card with no annual fee. Watch this Ultimate Beginner’s Guide to hear my review on the Bilt card before applying and see if it’s right for you! Click “Show More” to see Ad Disclosure, links, and additional information below.
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Use the card 5 times each statement period to earn points.
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00:00 Introduction
00:58 Signup Bonus
Currently there’s no Bilt Credit Card signup bonus available to the public. However, targeted offers may exist.
01:56 Earn Bilt Points| Rewards Structure & Annual Fee
- Up to 5X Lyft (2X as a Bilt Member, 3X when you pay with your Bilt Card)
- 3X Dining
- 2X Travel (Booked directly with the airlines, hotels, etc. or via the Bilt Travel Portal)
- 1X Rent Payments (Up to 100K points per calendar year)
- 1X Other Purchases
NOTE: You must make at least 5 total purchases with your Bilt Credit Card per billing cycle in order to earn points. An exception is with the Lyft partnership. You don’t have to use your card 5 times each statement period to earn 3X points with Lyft, but the transaction(s) DO count towards the 5 transactions minimum requirement for other earnings).
Annual Fee = $0
04:35 Redeem Bilt Points | What Are Bilt Points Worth?
You can redeem Bilt points in many ways. Here’s a breakdown of what Bilt points are worth:
- Travel via Bilt Transfer Partners: 1.7¢ each (avg.)
- Travel via Bilt Travel Portal: 1.25¢ each (Flights, car rentals, hotels, activities)
- Buy a Home (Down payment): 1.50¢ each
- Rent Payments: 0.55¢ each
- Fitness Classes or via Bilt Collection: 1.0¢ each (avg.)
- Amazon (Pay with Points): 0.7¢ each
06:44 Bilt Transfer Partners
Bilt Rewards has some fantastic transfer partners with airlines and hotels. See video for the list.
07:12 Bilt Elite Status | Bilt Status Tiers
Bilt has 4 elite tiers (Blue, Silver, Gold, and Platinum).
08:36 Benefits Part 1
1. Bilt Rent Day: Earn bonus rewards on the 1st of every month (i.e. 6X Dining, 4X Travel, 2X Other Purchases, and 1X Rent Payments)
2. Bilt Rent Giveaway Challenge
3. Bilt Giveaways and Promotions
4. Bilt Rent Day Rides
5. Bilt Point Quest
10:09 Benefits Part 2
The Bilt For You program gives you access to articles about ways to redeem your points & more.
10:55 Benefits Part 3
- Bilt x point.me: Bilt partnered with another company called point.me to provide in-app searches for award availability across Bilt’s transfer partners. You can compare different redemption options before transferring your points.
- Pay By Check: Have Bilt send a paper check to pay your rent and still earn points.
- BiltProtect Debit: Pay rent via your checking account, avoid using your Bilt Credit Card limit, and still earn Bilt points.
16:16 Benefits Part 4
Bilt has partner benefits with DoorDash, Lyft, Fandango, and Shoprunner.
16:46 Benefits Part 5
- Mastercard Airport Concierge
- Mastercard Travel and Lifestyle Services
17:16 Benefits Part 6
- Priceless Cities
- Priceless Golf
- Mastercard Concierge
- No Foreign Transaction Fees
18:02 Insurance and Protections
18:27 How to Pay Rent With Bilt
Yes, you can pay rent with a credit card without fees!
22:47 Bilt Non-Rent Payments
Answers to common questions such as…
- Can I Use Bilt to Pay My Mortgage?
- Can I Use Bilt to Pay Utilities?
- Can I Use Bilt to Pay Taxes?
- Can I Use Bilt to Pay Tuition?
24:09 How to Pay Your Bill | Wells Fargo vs. Bilt
24:42 Is the Bilt Credit Card Worth It?
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #bilt #bestcreditcards - Jak na to + styl
💥👇 GET THE BILT MASTERCARD!
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‼ *UPDATE 5.15.2024:* All Alaska Airlines Visa Signature cardholders can now pay their rent through Bilt (after linking their card) and earn 3X Alaska Miles per dollar spent. This is subject to a maximum of $50,000 spent annually on rent (beyond that, earn 1X) and also subject to a 3% fee. Alaska Cardholders can also earn bonus Bilt Points when using their linked card on neighborhood spend through Bilt Dining, Lyft rides and Bilt’s fitness partnerships.
‼ *UPDATE 5.10.2024:* Douglas Elliman residential owners are now be able to pay their monthly condo and co-op fee payments through Bilt and earn rewards and benefits at home and in their neighborhood.
‼ *UPDATE 5.08.2024:* Hilton Honors is now a 1:1 transfer partner.
‼ *UPDATE 4.19.2024:* All Bilt Rewards members are now eligible to earn bonus Bilt Points on every BLADE booking (even if you don't have the Bilt Mastercard). Additionally, Bilt Rewards Elite Status Members receive elite BLADE benefits, including the following:
- Bilt Silver - Save 10% off BLADE airport flights booked in the Bilt app or website.
- Bilt Gold - Save 10% off BLADE airport flights, plus access to BLADE lounges even when not flying.
- Bilt Platinum - Above benefits plus one free BLADE flight between Newark, JFK, and Manhattan or Monaco and Nice.
‼ *UPDATE 3.15.2024:* At 6:44, Alaska Airlines is now a 1:1 transfer partner.
‼ *UPDATE 3.13.2024:* At 6:44, American Airlines will no longer be a transfer partner after June 24, 2024.
‼ *UPDATE 2.29.2024:* In the Bilt Rewards elite tiers, Platinum Status now includes (a) dedicated support and (b) Air France KLM Flying Blue Gold status for 12 months. You can activate the status after transferring 10,000 points from Bilt into the program and completing the status match in the app.
‼ *UPDATE 11.08.2023:* At 6:44, Marriott Bonvoy is now a hotel transfer partner & award availability is viewable in the Bilt app!
‼ *UPDATE 9.13.2023:* At 11:02, you can now see award availability for Hyatt & IHG hotels in the Bilt app!
‼ *UPDATE 8.21.2023:* At 4:39, you can now redeem Bilt points for cash back as a statement credit towards your balance. The value is very bad, however, at only 0.55¢ per point. Example: 10,000 points = $55.
‼ *UPDATE 5.17.2023:* The Bilt terms now include the following: "You acknowledge that Bilt has a policy whereby it may hard reject *(i)* any individual rent payment in an amount over $20,000 (unless you contact Bilt at support@biltrewards.com for approval prior to initiating the transaction) and *(ii)* any attempt to make more than one rent payment to one payee within a 30 day period (exclusive of NSFs or blocked or returned payments). Rejected payments may result in you incurring fees or penalties from your property manager or other third party service providers." 🔗 See the current terms here: www.biltrewards.com/terms/bilt-services-terms-of-use
‼ *UPDATE 4.29.2023:* The Bilt Team apparently admitted their chatbot (shown at 23:33) was incorrect to some degree about using the Bilt Rent Account (i.e. routing # and account #) for non-rent charges. While some things may still work, I'd personally be careful. The reply it now gives is: _"You can only use our Pay Rent Online feature for rent and rent-related charges. These charges may include rent or additional charges from your landlord, like utilities or maintenance."_ See this post by Frequent Miler for more info: frequentmiler.com/amassing-bilt-rewards/
‼ *UPDATE 4.19.2023:* Bilt Dining has launched, allowing you to earn 5X, 8X, or 11X points at partner restaurants! Learn more here: thepointsguy.com/news/bilt-dining/
‼ *UPDATE 4.11.2023:* Limit now raised to 100K points per year on rent (see 1:56)! Also, Silver status & above earn interest (see 7:12).
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Really wish that Bilt account would accept some checking only bills 😢
@@caroarceo - I hear ya on that 🤙
🏆 *Why I ranked Bilt #1…*
1. It rewards the BIGGEST EXPENSE most people have (Housing/Rent), a category that was previously non-rewardable with any other card. And it does it WITHOUT FEES.
2. It has some of the BEST TRANSFER PARTNERS in the industry, including Air Canada, Turkish Airlines, Hyatt, and American Airlines (which neither Citi nor Barclays were able to accomplish).
3. It’s an EXCELLENT credit card for dining at restaurants (3X points). It also offers additional ways to earn points & high-value promotions that can actually be worth doing.
4. Points have a MINIMUM redemption value of 1.25¢ each for travel via the Bilt portal (this rivals the Chase Sapphire Preferred).
5. It offers ALL of the above (and more) with NO Annual Fee and NO Foreign Transaction Fees, PLUS insurance protections.
The Bilt Mastercard is an absolute game-changer in my opinion. If anything, I think it will force other major lenders to make some changes to their credit card products and more competition among lenders is always good for consumers. This was a really comprehensive guide here, Mark. Great work man!
It'd be awesome to see one of the big banks add some competition to the market 👊
@@MarkReese We'll see who jumps on it first (if any) 🤷🏼♂
Super comprehensive! No skimming over the same old deets on this channel. Thanks!
You bet! 💥👊
I can always depend on 👑 Mark for some comprehensive content. Really wanted to see a step-by-step on how to pay rent with Bilt. Looks super easy! Thanks man!
You bet! The Bilt team nailed the process 🏆
Great stuff Mark. Been debating if this card is worth it and the high level overviews seen elsewhere just didn’t do it for me. Absolutely love the deep dive and showing how everything works. They should put you on the payroll!
Glad you found it helpful, Matias!
Great detailed review! Thanks for the info + video!
Glad it was helpful!
Excellent video Mark very informative. I’m definitely leaning more now towards applying for this card. 👍🏽
Glad it was helpful, Andres!
Hi Mark, Thanks so much for the info! Appreciate it! ✌️
You bet! 👊💯
thanks, what a detailed and thorough review. great job!
💯👍
Just got this card late last week! Thanks for making this video Mark. 🙏🏼
Congrats & enjoy! 💳
Congrats on your new card let me ask you a question was it a hard hit or a soft hit on your credit report
Just applied using your link and was instantly approved. Thanks Mark!
Fantastic, congrats on the approval! 💥 A great new card is on its way to ya! Thank you for using the link, too 💯
I believe that this is the best video made on the Bilt Mastercard in my opinion!!!
Thanks OW! 🏆
Agreed! I've had the card for a year and I still learned a few things!
Excellent video. We look forward to seeing you in future videos too :)
Haha thanks Patrick!
I received the second email you mentioned on the video, earn 5x for the next 5 days. Bilt Mastercard is such a great card especially on the first day of the month. It would be nice, if they add grocery and gas categories to make it more appeal for an essential card. On paper it looks so much better than the CSP , because of the 1x rent and no annual fee. Thanks for the breaking down the video step by step like you always do, Mark!
Awesome that you received the 5X offer! 🏆 Agreed on the addition of Grocery and Gas categories; it'd be great to see that.
Got this today! Amazing card and very helpful guide!!
Congrats on the approval! Enjoy it 💯
I just got this card a few weeks ago! Great video, I also really like the card :)
Congrats on getting it! Enjoy the rewards on rent 💯
Your chat with the Online Digital Assistant is exactly what I was looking for!!
I read Bilt’s terms and conditions which made it seem like the account was to be used solely for rent payment to a single Payee.
So glad to know that I can relax about paying my cable bill with the Rent account before conducting the research if this was allowed in the first place 😅
Thanks Mark!
I'd still be careful. See the pinned comment (expand it) and read the update I posted on 4.29.2023.
I appreciate the Out of Network Rent Payment walk through. I know I would have been stomped to get that set up without your visual help. Just went through it and it worked like a charm.
Glad it helped! Great you got it to work 💯
Mark - great video, very informative, and many thanks. I've been waiting for this card to add the pay via ACH method to be able to use it and great to learn that they have done so. My one question is regarding "rent day". What triggers the bonus - purchases actually made on "rent day" or when they post? I would hope it's the former, but we all know that transaction date vs posting date can be a frustrating thing when trying to take advantage of CC offers/bonuses/coupons.
Rent Day Bonuses = purchases made on the 1st of the month.
I can't lie I really like this card, I use it for HOA fees and this is the only card I use on the first of each month.........ESPECIALLY to eat.....that 6x is clutch. The value that the card offers can make this card a strong contender for other homeowners and a great supplement to the AA miles balance if so desire as they are the only direct AA travel partner. Thanks for the breakdown!
Absolutely! 💯
Woww great video. Very explicit and informative. I can’t wait to apply for this card.
Glad you found it helpful!
Applied and got the card last week, currently waiting on the card to arrive. Primarily got the card in anticipation of mortgages being an option in the future.
Congrats on the approval, William!
That it doesn’t do mortgages is the only reason I haven’t picked it up, though on Reddit, there are some data points saying they have used it effectively (at least for some period of time) w/o being flagged, especially when the lender is WellsFargo.
That could end up being how they do it. Maybe you ONLY get points with WellsFargo, or you get 1ppd w/ WF and .5ppd w/ everyone else.
I live in the Bay Area and my portage is $6500+ so I’d take half the points if that’s what it takes to get any.
I've had this card since July of 2022
I have already used the points to top off various airline redemptions and the card is overall amazing! Even though I live in a mid-size city, Austin, TX, it's still beneficial for rent payments. There was a strange hack that affected a large amount of customers early 2023 who held this card, so similar advice for any card, be sure to check for any suspicious activity
Glad you're liking the card, Theodore! Hopefully the fraud ring issue has been resolved. No suspicious charges on my account since opening it. But yes, good to check the transaction breakdown 👍
I used the card to transfer 51,000 points to Hyatt and do a prospective booking at the end of March before the Hyatt all-inclusives point increases hit! The points transfer was complete within a matter of minutes.
Brilliant, brilliant review! Thank you so much! It was all so helpful, esp the list of rent related expenses… im going to apply via your link. I can’t thank you enough. I’ll be watching again!
Quick question, re t-mobile, can’t use CC to pay bill or lose auto pay discount. However fearful of breach’s to their system. Can Bilt be used? If yes, how? Thanks! Victoria
Glad you found value in the overview! I personally would not use - nor recommend - using the Bilt card for things not related to rent. See my update from 4.29.2023 in the pinned comment.
I just got approved for this card for $7,500. I solely signed up for it because its the first credit of its kind that allows you to pay your rent. Sucks that it only off 1X for rent. But it offers 3x for dinning.
Congrats on the approval + limit!
Hello good morning congrats on your card... If you don't mind me asking did they do a hard hit or a soft hit on your credit report?
This is such a great card! I plan on getting it in my wallet, even if just to take even more advantage of their transfer partners!
A great card indeed! 🏆
Yep I got my Bilt card 2 days ago and I am "LOVING IT!!!" 😊
💯🏆💯
I'm so jealous. I was approved for the card about 4 days ago and since then I have not been able to get my card number, add to Apple Pay, or anything. the app never loads for me and just tells me 'account details not available' .. bilt customer service says they don't know what's up and to just wait for the card....ugh
The best Bilt card overview
Thanks, glad you enjoyed it!
This is my go to card now in my wallet I love it.
Glad to hear it! 💥
I go to Vegas alot and I love that BILT has Hyatt as a partner as I can transfer points to book with MGM and status match for Gold… never done it, but I look forward to doing this next year when I have stockpiled points.
Points transferred from Bilt to Hyatt do not count towards qualifying for elite status.
Thanks for that video, a side question what's the best credit card to pay car's insurance? Thanks again.
Likely any of the following...
- Cards earning 2% on all purchases.
- Any card you like with a new welcome bonus (large purchases like insurance premiums are a great way to meet signup bonus requirements to get a huge return from a new card)
- State Farm Premier Cash Rewards Visa Signature Card if you're with State Farm (it earns 3% back).
Nice complete video Marc. Although, I don’t do business with Wells Fargo ( shady bank ). Thanks
Glad you enjoyed the video!
wow....electric and gas bills can use the checking account number features too??? That is awesome!! I currently don't pay those with anything earning points due to those services not taking credit cards. more points earning monthly! thank you!!
Enjoy! 💯
Extremely detailed guide Mark. I mean, after this video, people shouldn't really have more questions about this card. wow Thank you!
Well except, Do they cover business related rent? Im sure either way it's capped at 50k per year but one of your viewers mentioned it here and I thought that is a good question.
Just asked the Bilt team about business rent. Hope to get an answer soon.
Here's what the team said, _"Thanks for reaching out! It's important for you to know the Bilt Rent Account is only for _*_residential_*_ rent and rent-related payments in your online portal to earn points on your rent transaction and avoid credit card fees."_
@Mark Reese // Credit & Finance oh wow. Sorta expected though. Thank you so much Mark. You are just so 👍good!
We added this to our portfolio and honestly it might replace the sapphire preferred card in my wallet. United is usually the most available airline where we live and Hyatt is obviously the best hotel transfer partner out there. The fact that we can utilize both of those transfer partners, for free, is a HUGE benefit. And the fact that rent can go on this card already allows us to earn more points every month for those transfer partners than we would with chase cards. Not to mention the same 3x match on dining. It’s really shaking up our approach and I’m kinda digging it. Great video as always!
Glad to hear you're getting strong value from it!
Wondering how they give all these perks with no AF and are making money. Venture capitalist backed 🤔
another pro review.......this review is paid for.
@@carlkolchak4437 - Are you saying that Bilt / Wells Fargo paid me to make this review?
I always love your cc review videos!! They are so comprehensive and helpful! Quick question: can you combine Built points between accounts? Like how you can pool points with Chase UR points. Just wondering. Thanks 🙂
Are you asking if you can pool Bilt points w/ other Bilt points? Or Bilt points with a different currency?
@@MarkReese Bilt points with Bilt points. 🙂
@@mcvu4270 - Not sure. I sent their support team a message. Follow up with me by the end of next week if I don't get back to you by then.
@@mcvu4270 - Haven't heard back yet. Consider contacting them on your end too 👍
The card would benefit from having a permanent grocery category. Since groceries are a regular household expense.
Yep. Would be a huge boost. I think you could cover a lot of other categories with the Wells Autograph if you could transfer Wells Points to Bilt.
Agreed, groceries would be a great addition 💯
I set up Bilt echeck to autopay for most of my utility bills monthly and don’t have to worry about the 5 transactions requirement.
Awesome! 👊
If you want autopay you have to create a WF account. Even though this card is hyped up it’s not hyped up enough in my opinion. It’s literally a better version of the chase sapphire preferred. Literally compare then side by side BILT copied then 1:1 and made it better by having better transfer partners no annual fee and points on rent
Good point about needing a WF account to use autopay for the monthly statement 👍 Definitely a strong competitor to the Chase Sapphire Preferred!
Also - care to prognosticate on the probability of a more high powered Bilt II with AF, and what it's bene profile might look like??
Nah, I'm just soaking in the awesomeness of the current product 🤙
My girlfriend just got this in the mail and is stoked about it. I guess she is terrible at explaining how it works because the first thing popped in my head was Magnesis. 😂
😂👊 Congrats to her on that approval!
I just heard about this card after getting approved for the Chase Sapphire Preferred, really unfortunate timing. I’m starting a new job in a few weeks when I graduate college in May, and I’ll be living in an apartment for the next few years. I should’ve done more research as I learned that AA is a transfer partner, and I constantly fly AA for both business and leisure travels, and even own the Executive World Elite Mastercard. I’m not sure if I should consider applying for the Bilt card since I just opened the CSP, or if I should just wait a while.
There's no required wait time from opening a Chase card & a Wells Fargo card.
Hi Mark, I noticed that Air France and KLM are on the list of BILT airline partners and moreover they are airline partners with Delta. Can you get Delta miles if your flight is booked via Bolt credit card? Hope this makes sense.. Thanks in advance!
Hi Olga - You cannot get Delta miles, but you can book Delta flights using miles of a partner program ✈
I wasn’t told but I noticed I did get that 5x offer on everything for the first 5 days
Strange how it wasn't communicated to you, but awesome that you got it!
Hey Mark! Thank you for your excellent video, it is very informative as usual.
Question: if I am a home owner, can I still use the BILT Rent account to pay my HOA and Electric bill?
See 22:47 in the video.
@@MarkReese thanks Mark! I did see that. But I guess my point was, since I don't have rent, I can still use it to pay the electricity and HOA for my own home, right? There are no requirements that the Electricity and HOA is for a rental place?
Because if that's the case, this is definitely worth it even for home owners!
@@wshnus - Got it. I'm not aware of anything stating that utility fees / HOA fees need to be linked to an active apartment rental. You could contact Bilt directly if you'd like them to clarify though.
@@MarkReese thanks Mark!
Sounds like built would be good to setup for all streaming to guarantee the 5 transactions
Sure, as long as you have 5 streaming transactions per month 👍
So weird on rent day I was receiving more points than the double built states.
So for example I would go to a restaurant I would get the 3x on $100 then another 3x for rent day then 2x as a bonus.
Is there an explanation for this or a mistake?
Hmm not sure. If it's a mistake, then it sure is a nice one 😁
Hey Mark, were you able to start using the card as soon as you were approved or did you have to wait until you got it in the mail? I got approved about 4 days ago and the app will not load my account details. I can see the routing/acct numbers to pay rent, but trying to see card details or add to Apple Pay always just shows up as "NULL; account details cannot be retrieved." Bilt can't seem to help.
Yes I was able to add the Bilt card to my Apple Wallet to use right away. You can see the process in my 'Watch Me Apply' video starting at 10 min 9 sec. Here's the link: czcams.com/video/bFuM2pABkg0/video.html
Not sure why Apply Pay gave you issues.
That said, if you can see the Routing # and Account #, then you should be able to pay rent before the card arrives.
@@MarkReese it seems it's the app itself not loading my card details in from Wells Fargo. I was just talking to bilt and they said no can do - in the mean time, yes I can pay rent through the routing and account numbers but won't be able to add it to Apple Pay or anything else until the card arrives. thanks!
If I pay my home internet bill via ACH through the Bilt "checking account", does that count as one of the five transactions? Or must I charge my bill directly to my credit card for it to quality as one of the five transactions?
BTW You've answered literally every question I've ever asked you in the past on your channel--I really appreciate it!
I don't know. I personally wouldn't use the Bilt Rent Account for anything other than rent and things directly related to rent. See the pinned comment I made, specifically the update from 4.29.2023.
Confirmed: You can use the Bilt Rent Account for home internet & it will count as one of the 5 transactions 👍 However, you can only use the Bilt Rent Account for 1 transaction per month, so it's _either_ rent OR a rent-related transaction (not both).
Hi mark , question can I pay my home mortgage and a house the I have on rent on this card let me know if this will work so I can get all those points thanks
Mortgage payments are not allowed at this time. Only rent.
Awesome video! Question what if you pay your landlord via Venmo? Do you guys know if via Venmo there are no fees and earn you rewards too? Thanks
Hey Chris - Venmo works just fine without fees 👍
@MarkReese so I know this is old, however I tried to pay my rent with the card on venmo via the ACH but it was denied. Trying to use the card it says it has a 3% fee. I thought the fees were waived with BILT. Any thoughts? Thanks
I got the 5X on everything for the first 5 day deal!
LEGIT! 🔥
Hi thanks for the info,
The property we live in the mortgage is in my spouses name, do you think I can pay the mortgage from my bilt card or does the name on the rent/mortgage has to be same as the bilt account holder?
Also if thats no possible can I pay rent to my spouse and have her pay me back (or is that not advisable for tax purposes) thanks
Mortgage payments are not accepted by Bilt at this time. If you two are not in a standard rent payment situation, then I personally wouldn't attempt it. Trying to game the system isn't worth it.
I love this card it is paired with my Autograph card!!!
Great combo 🏆
Do they share points or can you pool them together?
Hi Mark. I pay my rent through quick payment invoices - how would it be possible to migrate to Bilt?
Hi Bongio - I'm not familiar with quick payment invoicing so I cannot speak to that. I suggest asking the Bilt team directly.
How do you redeem towards a down payment? Do you have to use Bilt as an intermediary?
You can search for homes with the Bilt app (which partners with Trulia) after providing some basic details like income, etc.
You can then email their team for assistance with the process. Their address is listed on this page: biltrewards.zendesk.com/hc/en-us/articles/10377953401869-How-do-I-redeem-points-towards-a-down-payment-
I see your phone is settled in Spanish Mark🎉, Can you speak Spanish in some of your videos too !
I may blend in a little from time to time 🤙 Did so for the 1st time in my previous Bilt application video. You can see it here starting at 10 min 36 sec: czcams.com/video/bFuM2pABkg0/video.html
So then according to the message you got there for what they said you can use the bilt rent account for of electric bills and gas bills, it would then waive the fee it charges for it? I know it may differ from state and company, but pretty much it sounds like you can use the bilt card for these transactions and it would waive the fee as well as earn you the 1x points back then?
As long as the utility service provider _does not charge fees_ for payments made via checking account, then yes, using the Bilt Rent Account will allow you to pay for those utilities without fees 👍
Note: Bilt says "we only allow members to earn points on rent once per month," so make sure that whatever rent-related bill you pay with it is your biggest one!
@@danielturner8798 thanks for the heads up. Didn’t realize that and that is good to know.
I got the 5x back for 5 days applied 2 weeks ago
Awesome! 🏆
You forgot, Silver tier and above earn interest on points.
Wow I sure did 😂 Thanks for catching that. Just added to the pinned comment.
@Mark Reese // Credit & Finance Can this card be used for rent in another country?
Only U.S. at this time.
@@MarkReese Ok, thank you for the information.
@7:13 Do the status tiers include the points received from rent?
Yes 👍
I just wish Wells Fargo wasn't the issuing bank. That's my #1 concern.
😬
can you pay multiple rents with this card? For example I rent out 3 apartments. Could I pay for all 3 and earn points?
No. See the answer directly from Bilt at this link: support.biltrewards.com/hc/en-us/articles/5536514588173-Can-I-earn-points-on-my-mortgage-payments-or-pay-rent-to-my-business-What-if-I-pay-multiple-rents-
what about if you pay rent on a house, condo, townhouse, duplex, etc.?
While it could vary based on the arrangement and the use of PayPal / Venmo, Bilt is designed for apartments at this time.
support.biltrewards.com/hc/en-us/articles/6561447272717-I-pay-rent-by-check-Paypal-Venmo-Zelle-can-I-still-use-the-Bilt-Mastercard
I personally can't speak to anything other than apartments since that's what the terms say and that's what I've done personally.
I'm renting a house from my landlord, can i still pay my landlord using bilt pay by check method??
Not sure, the terms say apartments. support.biltrewards.com/hc/en-us/articles/6561447272717-I-pay-rent-by-check-Paypal-Venmo-Zelle-can-I-still-use-the-Bilt-Mastercard
I'd contact their support to learn more.
Recibí la targeta, a ver cómo me va, estoy contenta.😊
Felicitaciones! Qué la disfrutes! 🌟
Fantastic card with great transfer partners and premium features with no AF. However, I don't pay rent (I receive rent myself), and I have Citi Prestige which earns 5x for dining (and a few other cards which earn 3-5x on dining), so it's not worth for me to have this card, but I like the transfer partners and the features! I'm not sure how they can sustain this card with no AF. It will probably be nerfed in a near future.
I can see it having a $95 AF at some point.
They make money on the interest on rent payment that some people might carry a balance, and also they don't give out 50K sign up bonus. Their category points earning aren't that much competitive to the no annual fee cards like chase freedoms and capital one savor cards.
If anyone uses Bilt mailed check option let me know how much time in advance do you order your check
I'm interested in seeing data points, too 👍
This is the best Bilt review I've seen so far. I learned a lot of new things. Still can't justify it for myself, and don't want to burn one more slot. Otherwise I would be applying, even though I don't pay rent (I receive rent instead).
Glad you enjoyed it & learned something new 💯
I just used your referral link and got approved for 2.5K😊😊😊
BOOM, congrats on the approval & enjoy the card 👊💥 I appreciate you using the link.
@@MarkReese I have been watching your YT channel for a long time, big fan.
I applied but they said they need me to fax them my social security card.. that’s kinda strange
Sounds like it has to do with an identity verification issue. I had to do something similar with my first Citi card years ago.
We can pay house EMI from bilt checking account???
No, only rent payments.
I could easily get those 5 or more payments a month between my rent, electrical bill, gas bill, water bill, cable bill, Internet bill, and cell phone bill. The only downside: it's Wells Fargo 😮 Anyone know what the minimum FICO score to get this card is?
Credit score requirements are not published ✌
@@MarkReese awww 🙃
Does the Bilt card give a Hardpull when you Apply?
Yes.
My parents own the house I live in and I pay them monthly as any other renter would, but I wouldn’t say they are titled land lords? Does anyone know if there is a way to qualify for this situation? Might just call 😅
Not sure ✌️
@@MarkReese I reached out to them and they let me know that as long as my parents could write up a lease agreement I could provide to them that I would be able to use the card and receive points! So apparently this can work for anyone willing to write up terms even if you’re just paying rent in someone’s house. Awesome
@@nf3heroiclibrary756 - Awesome thanks for reporting back!
FirsT! Nice card!
🥇🥇🥇
Happy Holidays! Am I eligible for the rental perks if I rent a home from a private landlord?
Which rental perks are you referring to?
@@MarkReese I’m referring to getting points from paying rent with the bilt card if I rent from a private landlord.
@@explosivemindsllc - I can't confirm as I haven't tried it. However, it seems like it could work based on the arrangement / payment method. See this article: support.biltrewards.com/hc/en-us/articles/6561447272717-I-pay-rent-by-check-Paypal-Venmo-Zelle-can-I-still-use-the-Bilt-Mastercard-
Will billing a Netflix account or gym membership count toward getting the points ?
Yes, at 1X point per dollar rate.
Yep, both of those purchases will count towards the 5 transaction requirement.
Do I have to make purchases on each or by going out to dinner 5 times qualify as “5” purchases?
The category doesn't matter. You can use the card for 5 dinners and that's fine.
@@MarkReese thx 🙏🏽
Can I still get the Hyatt challenge if I apply?
Unfortunately no, that expired on 4.01.2023.
If you transfer the points over to an airline, do the points count towards elite status qualification or just as bonus miles?
Just bonus
@@mistaskidda Ah, okay. Thanks!
no status, just bonus miles
They're only reward miles for flight redemptions, not elite-qualifying miles.
@@MarkReese Ah, okay. Thanks, Mark!
Wait, I got about 7 minutes into the video and learned bilt doesn't offer cash back or statement credits. Thought you were team cash back this year or quarter? Or just saving up travel points due to rent?
Team Cash Back is my typical default. However, I've been adding in travel rewards lately to accrue points / miles for future trips ✈️
@@MarkReese That is some Bilt-in power. I seem to recall a video pre-Bilt this year where you said you were going to focus on cash back. Powerful!
But not powerful enough to switch from owning to renting. However, if the rent rewards are still around in a couple years, may pay rent for the kids aparments at college. Now that would be awesome! 🎉
Will paying a mortgage payment act as the same as paying rent?
Mortgages are not eligible at this time.
I don't get it because a point is only .055 cents, i.e. a 1/2 percent card. I pay my rent and most other expenses with a 2.5% Visa right now. Even the exciting occasional 5 times points offers only amount to 2.5%.
Points are only worth 0.55¢ each when redeemed for certain things, like cash back.
For travel, they're 1.25¢ at a minimum.
So if you earn 3X points and value them at 1.25¢ each, then that's a 3.75% return.
However, the big value is with transfer partners, where it's possible to get a 5%, 7%, or bigger return.
If you prefer cash back rewards, then I do not recommend getting the Bilt card.
@@MarkReese -- That's still next to nothing compared to most cards. I have several at 3%.
so essentially if my rent is $1650 that’s roughly 100,000 points?
No. If your rent = $1,650, then you'd earn (1X * $1,650) = 1,650 points per month = 19,800 points per year.
The 100K cap represents that maximum amount of points someone can earn via rent payments per year. So, that person would be paying $8,333.34/mo. in rent to earn that 100K. If rent were even more, then they'd still earn no more than 100K total points.
So this card wouldn't be meant for someone at home living with their parents?
From an "earn points on rent" perspective, no. From an "earn points on dining & travel + no annual fee + access to transfer partners + insurance protections" perspective, the card can still make sense.
Can I send a check to a landlord thru Bilt app?
See 19:37 in the video.
What is the benefit apply from someone's referral link
Currently no additional benefit.
thoughts on paying a mortgage with it?
It's not an option at this time.
Can you use the bill card for a Mortgage??
Not at this time.
I am renting thru a friend. Can I still use the BILT card and earn points?
Not sure. Bilt works with Venmo & PayPal, but if your friend's transaction isn't set up as a 'landlord' I'm not sure how it would work. I'd reach out to Bilt & ask.
I'll also ask my contact @ Bilt.
Yes, you can still use the Bilt Mastercard & earn points when paying a friend. Just be sure to set things up properly as outlined here 👍 support.biltrewards.com/hc/en-us/articles/6979841838989
I’m curious can I pay my parents my share of rent using my card ?
Not sure. Bilt works with Venmo and PayPal, but it'd probably have to be set up in a way to represent landlord & tenant.
I recommend asking Bilt directly.
Does Bilt allow you to still do autopay on rent? I can't risk needing to be responsible.
If you're referring to paying your rent automatically, then no, I don't believe you can do that on the Bilt app or Wells Fargo app. "Rent autopay" would be set up on your rent portal to automatically charge whatever payment method you choose. If your landlord offers the ability to charge your rent each month, then you should be able to associate your Bilt Rent Account with it.
If you're referring to paying off your Bilt Mastercard balance automatically each month when your statement is due, then yes, you can set that up on Wells Fargo. Here's a link to more info: support.biltrewards.com/hc/en-us/articles/10136811027213-How-do-I-setup-autopay-for-my-Bilt-Mastercard-statement-
@@MarkReese Sorry should have been more clear. It's the first one though. Thanks for the info. My landlord is associated with BILT so I'll probably confirm before switching.
I can find anything about gas? how much the points are worth?
1. Gas station transactions earn 1 per per $1 spent. There's no specific category for it, so it falls into "Other Purchases."
2. Point values are shown at 4:35.
@MarkReese thanks definitely getting this card
@@geovani_marketing - Awesome, good luck on the application!
Is worth a Chase’s 5/24 slot ?that’s my question. Or get those Chase cards first
chase first still.
@@kevinManhattan thanks for vote of confidence; it’s seems like that the unanimous consensus
Depends on your strategy / what you prioritize.
Looking at it long term, it could be worth a 5/24 slot if earning 1X on rent will yield _more rewards_ than earning 3X-5X Chase points on other categories you don't have covered.
That said, looking at it short term, Chase cards offer signup bonuses in Year 1, and those will likely put you way ahead of what the Bilt card could do in total rewards value.
For that reason, I'd say it's likely best to focus on Chase cards first while under 5/24 (provided there are Chase cards you want).
@@callmeNeno of course. We are all here to help each other out!
@@MarkReese appreciate you!! Thanks for the thorough insightful analysis. Gracias amigo
How come someone say PP Select is more superior that Amex or others? Can you share why? I read that this card has PP Select for 4 times per year for cardholder and then $32 thereafter.
I think there may be some confusion here. Let me clarify...
1. The Bilt Mastercard does not offer a Priority Pass membership.
2. Not all Priority Pass memberships are equal. In fact, many of them have different access rules.
3. The Priority Pass cards issued by Amex and Capital One only allow you to use the lounge locations. They *do not* allow you to use the Priority Pass restaurants, spas, or retail locations.
4. Other Priority Pass cards (like the ones issued by Chase, U.S. Bank, and Bank of America), allow you to use the lounges AND restaurants, spas, & retail locations. That makes them a lot more valuable to some people compared to the Amex or Capital One versions.
@@MarkReese my comment posted on the wrong video lolz. It was supposed to be on your Bofa $750 bonus. But thank you for clarifying that the PP Select from BofA has additional perks than Amex. Again, am I correct that the PP from BofA has only 4 times/year and any cap on how many times you can use it for restaurants and spa Etc
@@Travelscreditcards - No. The PP membership from the BoA Elite card allows unlimited visits per year. You can have up to 4 total PP memberships (i.e. 1 for you + 3 more authorized users who get their own).
@@MarkReese is there any limit of how much for dining in the restaurant or spa per a time or year?
@@Travelscreditcards - You can go to as many restaurants as you like per year. Each time, you'll receive a $28 at most locations.
I don't pay rent or this card would be an obvious choice! BILT Mortgage Mastercard? I think not, but one can dream! 🤣
As I recently got the CFU with the guidance of one of your previous videos, I'm looking forward to all of your future Chase ecosystem videos!
This video was super informative - will keep this card in mind if rent becomes an expense!
Congrats on the CFU approval! 👊
Great overview of the card and redemptions and I’m excited to get this card soon as renting a place with Player 2 becomes more of a reality. Those rent adjacent categories they cover is awesome for points as well, didn’t know that. It is soooo close to the one card to rule them all; or, if I could transfer from Wells; you’d have the perfect Set up if they could figure out groceries. Great stuff though.
Right on! 💯
One thing to note about rent-adjacent categories - Bilt says "we only allow members to earn points on rent once per month," so make sure you choose the biggest rent-related cost!
@@danielturner8798 - Hmm, I'm aware of 1 'Rent' payment per month to earn up to 50K points per year, but are you sure that also includes 'Rent-related' transactions?
@@MarkReese - I would be happy to be wrong! I'd definitely start using it for my electric, gas, and water bills. As soon as I saw your video, I started looking into it. I know you can't pay multiple rents. I also know that they have had no problem with paying my whole bill to my apartment, including the utility and parking fees that are wrapped into that bill. (This fits with their "each rental statement can be a bit different" language). My concern is that if I set up individual payments for electric, gas, and water, Bilt will view each as a "rent" payment and consider them violations of their terms. Would love to have some data points on this!
@@danielturner8798 oh….that’s an annoyance. An understandable one. But one none the less.