Have you ever imagined that paying your rent from your credit card can help you to build your credit, and gives you rewards that you can use for travel, hotel booking, vacation, and more?
No, don’t worry, today we have such a credit card that is wells fargo bilt credit card. And this is our bilt mastercard review post where we have covered everything like, what is the Bilt Mastercard, how to apply Bilt credit card, how to earn points, pros, and cons, best alternative credit cards.
Rent can be a necessary living expense, but by using the wells fargo Bilt rewards card to pay for it, you can convert it into a rewarding opportunity to accrue points and improve your overall financial health.
Introduction to what is bilt mastercard
The Bilt Mastercard is a credit card created with unique and cutting-edge benefits for homeowners and renters in mind. In contrast to conventional credit cards, the wells fargo Bilt rewards card provides a unique rewards program that enables cardholders to accrue points on their rent payments, assisting them in building credit while taking advantage of different benefits associated with their living arrangement.
In accordance with a license from Mastercard, Wells Fargo Bank N.A. issues and manages the Bilt World Elite Mastercard. When you apply for this card they do a hard inquiry about your credit level. The Bilt Rewards Alliance, a group of property management firms with rental listings, is a feature that they offer where you can find properties to live.
The wells fargo Bilt Rewards association with Bilt Rewards, a system that makes it easier to accrue points by using the card to pay rent, is one of its standout features. These points can be exchanged for a variety of benefits, such as dining, shopping, and travel. This collaboration fosters a mutually beneficial relationship between renters and credit cards by providing a way for them to earn rewards on their regular spending.
Standard credit card services like cash advances, debt transfers, and online and offline transactions are also available with the wells fargo Bilt rewards card. Because it is supported by a renowned financial institution, transactions are secure and reliable.
The card intends to give renters more control by giving them a way to safely establish their credit history and by giving them a simple and rewarding experience for their daily expenses.
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How bilt credit card Works
Renters and homeowners who use the Bilt credit card, also known as the Bilt Mastercard, have the opportunity to build credit and receive rewards through their regular living costs, particularly rent payments. This is how it goes:
Bilt Rewards Partnership: A crucial element of the Bilt Mastercard’s functionality is its integration with the Bilt Rewards platform. All around the US, Bilt has collaborations with different landlords and property management firms.
Paying Rent with the Bilt Mastercard: When you have the Bilt Mastercard, you can use the Bilt Rewards system to pay your rent online. You use your Bilt Mastercard to make the payment rather than a standard bank transfer or check to pay your rent. Even if your homeowner accepts only a cheque then the bilt will issue a cheque on your behalf.
Earning Points on Rent Payments: The magic takes place here. With the Bilt Mastercard, you get points for Bilt Rewards for every dollar you spend on rent. It’s a terrific method to earn rewards on a big monthly spend because the points you get are directly correlated to the amount of your rent payment.
Redeeming Bilt Rewards Points: You can exchange your Bilt incentives points for a number of incentives as you accrue them through your rent payments and other card purchases. Depending on the available redemption possibilities, these rewards could include dining, shopping, vacation, and other things.
Additional Rewards and Perks: The Bilt Mastercard offer extra benefits and rewards in addition to earning points on rent payments, such as bonus points for particular expenditure categories like travel, grocery, or dining.
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Standard Credit Card Features: The Bilt Mastercard performs standard credit card operations in addition to the distinct rewards scheme. It can be used for balance transfers, cash advances, and purchases both online and offline.
Credit Building Opportunities: Over time, responsible use of the Bilt Mastercard assist you in establishing or enhancing your credit history. Your credit score can be positively impacted by making on-time payments and keeping your credit utilization ratio low.
The use of this credit card must be used responsibly, just like any other credit card. To avoid paying interest fees, make sure to pay your credit card bills on time and refrain from carrying an amount that is too high. To get the most out of the card’s benefits and prevent any penalties, make sure to always read and comprehend the terms and conditions.
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Bilt mastercard requirements
Although the particular conditions for obtaining a Bilt Mastercard may differ, the following are some typical Bilt credit card requirements that credit card issuers ordinarily take into account when evaluating applicants:
It’s crucial to remember that fulfillment of these requirements does not ensure acceptance. They take into account a number of variables and may have their own internal approval standards. It’s an excellent idea to contact the issuer directly or visit their website for the most recent information if you’re uncertain about your eligibility or have particular inquiries about the application procedure.
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Wells Fargo Bilt credit card benefits and Rewards Program
Renters can take advantage of a number of incentives including a special rewards program that is available with the Bilt Mastercard. The Bilt credit card’s main advantages and features are listed below:
Rent Payments Earn Rewards: The Bilt Mastercard’s Bilt Rewards is one of its unique characteristics. When using the Bilt Mastercard to pay their rent through the Bilt Rewards app, cardholders can get 250 points on their rent payments monthly. This gives you the chance to receive points on a sizeable monthly spend that is otherwise ineligible for rewards when using a regular credit card.
Tier status: Based on the amount of rent and non-rent spending made through your membership account during the current calendar year, you will receive tier status. Here are the advantages of each tier status:
Members who have achieved Silver, Gold, or Platinum Status are eligible to get extra Points in the form of interest on their points. Your membership account will receive these Bonus Points within the first five days of the next month.
Credit Building Opportunity: Users’ credit histories can be built or improved with the prudent usage of the wells fargo Bilt rewards card. Wells Fargo bilt rewards credit card reports to all three major credit reporting agencies Experian, TransUnion, and Equifax.
No Annual Fee: The Bilt Mastercard is renowned for not having an annual fee, unlike several credit cards that levy one. This might be a desirable quality, especially for people who want to maximize benefits without spending more money.
Bilt Rewards Points: Cardholders can accrue Bilt Rewards points for every type of purchase. Here, is a list of all types of purchases which you can use to earn more reward points.
All these above-mentioned offers are subject to making at least 5 transactions in a statement period. However, there is some way to earn rewards points where there is no minimum transaction required.
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Lyft Credits:
Only rides inside the continental US are eligible for this promotion.
Flexible Redemption Options: You can redeem your earned rewards points using the Bilt app or website. You can use these points for travel, dining, shopping, and other purposes available to cardholders. Users are able to customize their rewards according to their unique interests and preferences.
Rent & Down Payment: You can either utilize your Bilt points to pay your rent for the following month or store them up for a down payment.
Trip cancellation & interruption protection: If your trip is canceled or disrupted, you will be covered up to a maximum of $5,000 per covered traveler per trip.
The entire amount of the covered traveler’s common carrier fare less any redeemable certificates, vouchers, or coupons must be purchased using your Bilt Rewards program linked to your covered Account in order to be covered under this benefit.
Trip delay reimbursement: When a trip delay is brought on by an eligible reason, trip delay reimbursement coverage is offered in addition to other insurances for reimbursement of trip delay expenses incurred after the initial delay of 6 hours, up to $200 per day per covered traveler and up to a maximum amount of $1,800 for all covered travelers per trip.
Auto rental collision damage waiver: You are compensated up to $50,000 if the rental automobile is involved in a covered accident or is stolen, with the exception of Israel, Jamaica, the Republic of Ireland, and Northern Ireland.
BiltProtect: BiltProtect is an ACH transaction function that transfers money from a linked eligible deposit account to pay your rent each month. A BiltProtect Rent ACH is not a purchase transaction with a credit card. But you need to link an eligible deposit account on the Bilt app in order to access this service.
Security and Protection: The wells fargo Bilt rewards card offers security safeguards to guard against illegal transactions and potential fraud, just like other respectable credit cards.
DoorDash credits: As a new bilt card holder, you will receive a complimentary 3-month DashPass membership. Additionally, new and current members each receive $5 off their first order every month.
Mobile App and Account Management: Users of the Bilt Mastercard may effortlessly manage their accounts, track rewards, view transactions, and make payments using a smartphone app.
To fully comprehend the specifics of earning, using, and redeeming the rewards, it is crucial to read the terms and conditions of the Bilt Mastercard and the Bilt Rewards program. Renters and homeowners can improve their financial situation while maximizing their living expenditures by utilizing the features and rewards of the Bilt credit card.
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Bilt world elite mastercard fees and Rates
Here are some common fees and rates associated with the wells fargo bilt credit card:
| Fees | Rates |
|---|---|
| APR for Purchases | 21.24, 24.24, or 29.24% |
| APR for Balance Transfers | 21.24, 24.24, or 29.24% |
| APR for Cash Advances | 28.99% |
| Minimum Interest Charge | No less than $1 |
| Annual Fee | $0 |
| Balance Transfers fees | Up to 5% for each transfer, a minimum of $5 |
| Cash Advances | Either $10 or 5% of the amount |
| Foreign Currency Conversion | $0 |
| Late Payment | Up to $40 |
Annual Fee: There is a $0 bilt mastercard annual fee.
APR (Annual Percentage Rate): The interest rate applied to unpaid accounts, if you carry a balance from month to month, is the APR. The APRs for purchases and balance transfers are 21.24, to 24.24, or 29.24%, and cash advances are 28.99% on bilt credit cards.
Foreign Currency Conversion Fee: A foreign Currency Conversion fee is $o on bilt mastercard.
Late Payment Fee: A late payment fee will be applied if you don’t pay the minimum amount by the deadline. A penalty fee of up to $40 will be charged on this card.
Cash Advance Fee: A cash advance fee could be charged if you use your credit card to withdraw money from an ATM or via another cash advance method. Usually, $10 or 5% of the amount is charged as this fee.
Balance Transfer Fee: A balance transfer fee can be charged if you move a balance from another credit card to your Bilt World Elite Mastercard. This charge is up to 5% for each transfer, a minimum of $5.
To comprehend the particular fees and rates that apply to the Bilt World Elite Mastercard, it is crucial to thoroughly read the terms and conditions of the card. Additionally, be sure to take note of any introductory discounts, discounted rates, and additional features that might be associated with the card. Always strive to use your credit card wisely, and keep yourself updated on any fees or rate changes that may take place in the future.
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How to apply bilt credit card
To bilt a card apply, you need to go to their official website. Here is an application guide:
Visit the Bilt Rewards Website: Visit the Bilt Rewards website.
Find the Application Page: On the website, click on the bilt card option on the menu bar. Now click on the Apply Now button. Clicking this will take you to the online application form.
Fill Out the Application Form: Fill out the application form with the necessary details. You will be required to submit personal information, including your email, name, date of birth, address, phone number, social security number, and information about your income.
Review Terms and Conditions: Take the time to properly read the wells fargo Bilt rewards card terms and conditions before submitting your application. Verify that you are aware of any applicable fees, rates, rewards program, and any other crucial information.
Submit Your Application: After reading the terms and completing the application form, submit your application online.
Await Approval Decision: The card issuer will evaluate your information and creditworthiness after you’ve submitted your application to decide whether you’re eligible for the Bilt Mastercard. The clearance procedure could take just a few seconds or several days.
Receive Your Card: When you apply for the Bilt Mastercard, the card issuer will evaluate your information and creditworthiness to see if you are eligible. A few minutes to 10 business days pass during the approval procedure.
It’s crucial to remember that the issuer’s evaluation of your credit history, income, and other variables will determine whether or not you receive a credit card. Failure to meet the basic requirements will result in rejection.
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The bilt mastercard login process
Here are the standard procedures to get into your Bilt Mastercard account:
The login page typically has alternatives for account recovery, such as changing your password or finding your username, in case you run into any difficulties logging in or forget your login information.
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Bilt rewards card Partnerships: Unlocking Extra Value
Partnerships with Bilt Rewards cards are crucial for enabling additional value for cardholders. These alliances broaden the selection of rewards and advantages offered, giving users more choices and improving their entire experience. Here are some ways that Bilt Rewards card partnerships can help you get more value:
Partnerships with Bilt Rewards cards allow cardholders to maximize the value of their points and credit card usage. The Bilt Rewards card is an appealing option for anyone looking for extra advantages and flexibility in their credit card rewards program due to the ability to take advantage of these partnerships and provide users with a richer and more individualized rewards experience.
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Bilt mastercard customer service
Cardholders can contact Bilt Mastercard customer support for assistance with questions, issues, and issues pertaining to their accounts. Here are some popular ways to get in touch with Bilt Mastercard customer service:
Online Chat Support: On their website, bilt provides online chat help. You can check on the right side lower section where you will find a question mark symbol. Click on that and choose the chat with us option.
Email Support: Customer service from Bilt Mastercard may be accessed by email at support@biltrewards.com.
Online Help Center: You can find an online help center on the Bilt Mastercard website. Here, a variety of frequent queries and problems are covered.
Social Media: Verify Bilt Mastercard’s official presence on sites like Twitter or Facebook to see if they answer questions from users there.
To authenticate your identity and help the professionals properly resolve your concerns, be sure to have your credit card information and account data on hand when contacting customer support.
Bilt Mastercard Review
Wells Fargo bilt card review on Trustpilot: There is only one Wells Fargo bilt rewards credit card review with 3.3 stars and an average rating.
Wells Fargo bilt card review on BBB: Wells Fargo bilt rewards card has an F rating with a 1.5-star rating and 2 customer reviews.
Wells Fargo bilt credit card app reviews on Play Store: Play Store has more ten 3.5k reviews about bilt rewards and a 4.8-star rating with 100k+ downloads.
Wells Fargo bilt credit card app reviews on App Store: App Store has more than 16.5k reviews about bilt rewards and a 4.9-star rating.
Pros and Cons of wells fargo bilt mastercard
Based on the information available as of my most recent update, the Wells Fargo Bilt Mastercard has the following broad benefits and drawbacks:
Pros
- Rewards on Rent Payments: The Wells Fargo Bilt Mastercard’s ability to earn rewards on rent payments is one of its main benefits. With this exclusive feature, cardholders can accrue points on a sizable monthly cost that is normally ineligible for rewards on other credit cards.
- No yearly fee: There was no annual fee for the Wells Fargo Bilt Mastercard, which was well-known. Cardholders who want to earn incentives without paying extra money may find this appealing.
- Options for Reward Redemption: You can use the Bilt benefits points you earn with the Wells Fargo Bilt Mastercard to get a variety of benefits, including dining, shopping, and travel. Due to the variety of redemption choices, cardholders can customize incentives to suit their interests.
- Credit Building Opportunity: Responsible use of the Wells Fargo Bilt Mastercard can assist people in establishing or repairing their credit history. On-time payments and responsible credit management can both improve credit scores.
- Benefits of a World Elite Mastercard: The Wells Fargo Bilt Mastercard may come with extra incentives including extended warranty protection, purchase protection, and travel privileges. These advantages could raise the card’s overall worth.
Cons
- Limited Availability: Not all clients may get a Wells Fargo Bilt Mastercard. It might have only been accessible to certain areas or people.
- Rewards Program Limitations: Earning incentives for paying rent is a distinctive feature, however, the rewards program has restrictions or limitations on point earning, redemption possibilities, or point expiration. To fully grasp the specifics of the rewards program, cardholders should read the terms and conditions.
- Credit Approval Requirements: As with every credit card, the Wells Fargo Bilt Mastercard required credit approval in order to be approved. For certain applicants, fulfilling the credit criteria might be difficult.
- Interest Rates and Fees: Despite the fact that the card may have offered perks and benefits, it’s crucial to take into account the APR, fees, and any potential penalties that may be attached to the card. Rewards may become worthless if you carry a balance and pay interest.
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Wells Fargo bilt credit card vs. Traditional Credit Cards: A Comparison
If you are looking for cards like bilt credit cards then here we have some recommendations for you to check and consider. If your rent is the most highly expensive thing then consider wells fargo bilt credit card only. But for cash back, rewards points, $0 annual fee, here are some of the best picks for you.
Chase Freedom Unlimited:
American Express Gold Card:
Citi Double Cash Card:
Capital One Venture Rewards Credit Card:
Discover it Cash Back:
To choose the credit card that best suits your spending patterns and financial objectives, examine the features, rewards structure, APR, fees, and any other perks offered by each.
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Final Thoughts: is bilt mastercard worth it?
Renters and homeowners who wish to develop credit and get rewards on their rent payments may find the Bilt Mastercard to be worthwhile. It distinguishes itself from conventional credit cards with its unique feature of earning points on rent expenses. No annual charge and flexible redemption options on the card increase its allure.
However, the value of something depends on personal tastes and spending patterns. The Bilt Mastercard can be beneficial if you frequently pay rent and prefer a card designed for renters due to its rewards program. As with any financial decision, it’s critical to carefully consider the terms, advantages, and alternatives to see if they support your financial objectives.
Are Bilt rewards legit?
Choosing property management businesses and the Bilt Mastercard were partners in the reputable rewards program known as Bilt Rewards. On qualified purchases, including rent payments, cardholders may earn incentives. However, I advise confirming the legitimacy of Bilt Rewards by consulting authoritative sources or client testimonials.
Is bilt mastercard a credit card?
The Bilt Mastercard is a credit card, yes. It is a credit card made available by Wells Fargo in collaboration with Bilt that enables cardholders to earn rewards, especially on rent payments made using the Bilt Rewards system. As with any credit card, using it responsibly is crucial to staying out of debt and establishing or maintaining a solid credit history.