Originally Posted by
gracetheyoung
I just got the card and am wondering if I should use it for my more expensive mortgage payment or my HOA fees which are only like 1k. Anyone have Fifth Third bank and gotten points for paying their mortage?
Originally Posted by
Smiley90
-… Just don't put both on it, thats likely not gonna work.
Originally Posted by
josephstern
I really, really think Bilt will cut you off if try to use this for a mortgage.
Originally Posted by
Majuki
Yeah, I wouldn't risk it myself….
Excellent advice. Bilt T&C and their bank’s Agreement are repetitively specific that it’s only “rent payments”.
As per the Wiki:
Links to Bilt Rewards Terms of Use and Evolve Bank & Trust (Bilt Technologies) Customer Account Agreement. The Terms state “Bilt may make available to you a Bilt Rent Account (“Account”), which is a transaction bank account that can be used by you solely to make rent payments.” The Agreement states: “For the avoidance of doubt, the Account is a transaction bank account that can be used by you solely to make rent payments. For the avoidance of doubt, this is not an account that you may use to deposit or withdraw funds for any other purposes outside of rent payments.”
Fortunately for many of us, condo fees are close enough for government work that Bilt recognizes them as rent. When my condo fees were ACHed from my bank account prior to my Bilt account, the bank listed the transaction as “ABC Condo Rent”, so maybe in some unique financial accounting systems categorizations condo fees ARE rent.
Regardless, at the most basic level, paying a mortgage via Bilt (in the expectation of points) would truly be “looking a gift horse in the mouth” and “biting the hand that feeds you” at the same time. My advice is the same as that of the esteemed authors' replies quoted above, it’s a bad idea.
Originally Posted by
fredc84
My first billing period just cycled so I'm now in the second. Last month, there was a bar with 5 segments that changed color as I used the card so I knew I'd get the points for my rent. Anyone know where that is (I can't find it now)?
(Sorry if out of true chronological order, I was composing it while the posts immediately above posted.)
Me too. I saw it once, a month or 2 ago and then not again.
I just paid my WF MC bill, currently at 0 transactions. I did find the screenshot snip below: “Wallet” tab of main page, about halfway down. Perhaps that’s the counter?
FWIW, it was relatively simple to change my Bilt MC statement date, a 3-5 minute call to WF. The agent could only discuss “payment due date” so I did the calculation, just added 10 days to my original due date.
