Old Oct 7, 2023, 1:25 pm
FlyerTalk Forums Expert How-Tos and Guides
Last edit by: Dr Jabadski
Bilt Rewards Mastercard WikiPost

(10/7/23 Original author (Dr Jabadski) note: As I posted here on 9/9/23 “Considering I’ve been salivating about simple no-cost points-etizing (like monetizing) my condo payments for about 25 years, I see Bilt as a game changer.” I should have added “almost a Holy Grail” (a thing that is eagerly pursued or sought after). I successfully applied for a Bilt Mastercard 1 month ago thus I’m far from an expert. Both before and after approval I posted multiple questions many times on this thread and several other FTers were highly gracious and informative. Thought a WikiPost might save some others a good deal of time, effort and aggravation, at least in not repeating my questions and searching for the answers. I certainly hope the experts will edit and update this WikiPost as necessary. I’m also exercising Writer's Prerogative to officially coin the term “pointsetize”, like monetize “convert into or express in the form of currency”, to earn points from payments which otherwise would not earn points.)

Bilt Rewards Mastercard (Bilt MC) was first launched in mid-2021, in good part as a no fee way to charge and pointsetize rent payments. (Perhaps the only no fee way to pointsetize rent payments.) There are multiple reports of earning Bilt points for paying condominium monthly maintenance/common charges, sometimes even when the word “condo” or “condominium” is in the transaction description.

Bilt MC is a personal credit card, WF reports credit card information to the various credit bureaus and Bilt MC will count toward Chase 5/24.

This post and this post (both from 9/7/23) describe shutdown reports perhaps related to “micro transactions”, fluctuating rent payment amounts or multiple rent payments. This 10/11/23 post includes several references to Reddit user quotes about shutdowns and several Reddit Bilt quotes in response.

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.”

Bilt MC is a metal card weighing ~16 grams (comparisons: AmEx biz plat 18.5 gm, AmEx Gold 15 gm, Chase Sapphire Reserve 13 gm, traditional plastic card 5 gm).

Bilt Mastercard is issued and managed by Wells Fargo. Bilt Rewards is a separate website and app (which contains some credit card information but not as much as WF website).

Most reports are of instant approvals, Wells Fargo reconsideration phone number and experiences are not well documented. Reported initial Credit Limits vary $4,000 - $30,000 with higher limits more commonly reported. This post (9/1/23) describes one instance of a “Something went wrong” message upon application and the steps toward approval several days later.

Rent payments can be made in multiple different ways. Bilt will provide a (bank) routing number and account number. ACH rent payments can be sent (deposited) by Bilt or withdrawn by a managing company.

Bilt MC is shipped via trackable no-signature-required First Class mail in a small (4.5” x 6.5”) white box with unique packaging inside as pictured at the bottom of this post. As of Feb 2024 no reports of expedited shipping.

Reports on this thread starting in late November 2023 indicate this "quasi-SUB" may be offered randomly and/or only to some people, selection criteria unknown. This post may be the only report of being offered the quasi-SUB prior to Bilt Mastercard application, based on existing Bilt Rewards account. Bilt's “quasi-SUB" is offered via an email and a text message notification the same day as card receipt informing of 5x/5 days/max 50K (email quoted verbatim in this post). (Quasi* due to very short duration in contrast to many traditional SUBs of 3 month duration.) Please note this quasi-SUB maxs out at $12,500 (not $10,000) and tax payments will count. No reports yet of returns and their effect on quasi-SUB. (* “quasi-“ a combining form meaning “resembling,” “having some, but not all of the features of,” used in the formation of compound words: quasi-definition; quasi-monopoly; quasi-official; quasi-scientific.)

Newly earned Bilt points will display as “pending” until 5 transactions per statement cycle. After 5 transactions, points will post and become available shortly after a transaction, before statement date. The Bilt Rewards website has a “transaction counter” which disappears upon reaching 5.

Bilt points for linking partner programs (100 points each) and for adding a credit card to Bilt Wallet (100 points each for first 3) post immediately. Original author received 500 point bonus for first rent payment.

Bilt Rewards points are transferable at 1:1 usually within a few minutes to multiple different airline and hotel programs.

There’s discussion of the long term viability of Bilt with some of those posts linked at the bottom of this post after “BREAK”.

Bilt Status Tiers: Blue - anyone enrolled in Bilt Rewards with under 25,000 points, Silver - 25,000 points earned, Gold - 50,000 points earned, Platinum - 100,000 points earned. “Tier status earned at any point in a year remains active through the end of the following year.” “Earn Interest on Points” (Silver, Gold, Platinum Tiers) is minimal, discussed on this post and this post.

Bilt Points Quest Trivia on the first of each month offers up to 250 points for correctly answering, within 10 seconds, 6 (out of 15-20) questions. Must get first 5 questions (10, 20, 30, 40, 50 points) correct to see the 6th “bonus” 100 point question. There’s often a Reddit thread with the Q & A. (Point Quest - October 2023 Answers) The lower half of this post has comments from a highly experienced “test taker” regarding memory, recall and “studying” for Points Quest Trivia.

Bilt also has various “RentFree” games, available a few days prior to and/or on the 1st of the month, different people get different games. Could be a Family Feud style question with enough time to Google answers or a “Where's Wally?” (Bilt Brick) type of game or something else. Successful completion enters to be one of 3 people for whom Bilt pays their monthly rent (up to $2500).

List of Bilt’s Rent Day promotions going back to October 2022 at the bottom of the page here: DEALSPOINTS.

June 2024: Bottom of this post describes one person’s experience paying a significant assessment (and earning points) with Bilt MC, at this time (only 3 weeks later) no report of clawback or shutdown (based on using Bilt to pay rent more than once a month and/or for something other than rent/condo fees).

June 2024: Bottom of this post contains Bilt quotes regarding Bilt BiltProtect.

June 2024: Important post (and link) stating that WF is losing money every month on Bilt.



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Bilt Mastercard

Old Apr 2, 2023, 4:22 pm
  #151  
 
Join Date: Feb 2013
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Posts: 1,039
Originally Posted by bpc3qh
What's the timing on transfers? I just transferred to AA--will it actually take 48 hours?
Mine did not take that long but it was several hours. I'd probably not do it to get an award unless I didn't mind if the points were there anyway.
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Old Apr 3, 2023, 1:28 pm
  #152  
dw
 
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Originally Posted by bpc3qh
What's the timing on transfers? I just transferred to AA--will it actually take 48 hours?
For UA it was almost instantaneous
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Old Apr 3, 2023, 7:26 pm
  #153  
 
Join Date: Jan 2023
Location: DCA, IAD
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Originally Posted by highops
Mine did not take that long but it was several hours. I'd probably not do it to get an award unless I didn't mind if the points were there anyway.
It ended up posting this morning, ~24 hours later. Got the email notification another 6-8 hours after that.
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Old Apr 4, 2023, 8:22 am
  #154  
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I've had some Hyatt transfers complete almost immediately and some take about 48 hours.
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Old Apr 4, 2023, 7:54 pm
  #155  
 
Join Date: Feb 2013
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Originally Posted by josephstern
I've had some Hyatt transfers complete almost immediately and some take about 48 hours.
Uh oh. That's how I mostly use to use the points. Thanks for the anecdote/warning.
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Old Apr 5, 2023, 5:12 pm
  #156  
dw
 
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Originally Posted by highops
Uh oh. That's how I mostly use to use the points. Thanks for the anecdote/warning.
Good thing is that hotel award inventory isn’t generally as fickle as airline award inventory
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Old Apr 6, 2023, 9:51 am
  #157  
 
Join Date: Jul 2009
Location: New York, NY
Programs: Independent
Posts: 470
Just coming on here to rant about customer service at BILT. I've had multiple issues just in the first week, and it seems impossible to get people to actually correspond with you on the BILT (vs Wells Fargo) side if you have issues with rent or incorrect rewards. I've had them reach out to me after a first ticket, but when I respond I never hear back.

It's not worth 50k points per year IMO. I might even close my account once my points clear this month. (Of course once it's all working properly then maybe it's worth keeping but IDK... customer service matters when there are issues.)
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Old Apr 18, 2023, 7:58 am
  #158  
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Sorry if this has been answered before ... I rent a condo unit directly from the owners and currently pay them using my bank's bill pay portal, which allows me to input their routing & account number and transfer money directly into their account. I see that the Bilt card can give you the account & routing numbers for your account so your landlord can pull from them, but is there an option to "push" a payment to a routing & account number? I'm not seeing that there is in the FAQs but wanted to be sure.
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Old Apr 20, 2023, 9:13 am
  #159  
 
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For the 5x first 5 day bonus, would making a rent payment through ACH count for that, or would it have to strictly be a charge to the credit card?
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Old Apr 20, 2023, 10:37 am
  #160  
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Originally Posted by fredc84
For the 5x first 5 day bonus, would making a rent payment through ACH count for that, or would it have to strictly be a charge to the credit card?
Has to be a charge to the credit card.
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Old Apr 20, 2023, 1:31 pm
  #161  
 
Join Date: Feb 2015
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I have a life insurance payment coming up (about $5K), and I was wondering if I can get Bilt to make the payment. The insurance company only accepts payment through bank or check. So I was hoping similar to how Bilt sends the check for non-supported rental properties, would they do the same bill pay to an insurance company? I have seen people paying for utilities with it so trying to understand the full benefits of it.
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Old Apr 20, 2023, 2:09 pm
  #162  
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Originally Posted by Rik_Des
I have a life insurance payment coming up (about $5K), and I was wondering if I can get Bilt to make the payment. The insurance company only accepts payment through bank or check. So I was hoping similar to how Bilt sends the check for non-supported rental properties, would they do the same bill pay to an insurance company? I have seen people paying for utilities with it so trying to understand the full benefits of it.
I really don't think so. From what I understand, they are very strict about the applicable categories and they watch pretty carefully for use outside of their stated terms.
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Old Apr 20, 2023, 2:10 pm
  #163  
dw
 
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Originally Posted by josephstern
I really don't think so. From what I understand, they are very strict about the applicable categories and they watch pretty carefully for use outside of their stated terms.
Agreed. Especially considering the high amount that OP is considering paying and the fact that a manual check has to be cut. I would think an ACH payment that goes through the blockers Bilt has set up is less likely to be flagged for manual review vs a check cut for a large amount.
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Old Apr 20, 2023, 2:13 pm
  #164  
dw
 
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With the latest app update, Bilt is now showing a summary of points earn YTD by category. What is interesting is that one of the categories-- Groceries-- is one that currently does not receive any bonus points. I'm wondering if something is in the works. Though, if that is the case, I would suspect it's a partnership with a specific company where bonus points are earned, rather than groceries in general. (For example, Rideshare is one of the categories that now shows up, but bonus points are only given on Lyft rides. Same with the category of Fitness, where bonus points are applicable to SoulCycle only.) I wouldn't be surprised if it's a partnership with Instacart or another grocery delivery service.
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Old Apr 20, 2023, 3:05 pm
  #165  
 
Join Date: Feb 2015
Posts: 37
Originally Posted by dw
Agreed. Especially considering the high amount that OP is considering paying and the fact that a manual check has to be cut. I would think an ACH payment that goes through the blockers Bilt has set up is less likely to be flagged for manual review vs a check cut for a large amount.
Got it, thank you, just wanted to cover my basis before I jump into this. one more question, I own a townhouse but I do have HOA. I head I can pay HOA with it, would my payment has to go through Bilt's Mastercard or I can use my own CC?
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