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 Jun 20, 2024, 9:25 am
  #826  
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Originally Posted by josephstern
I agree with you that outbound transfers are likely to increase (but maybe marginally, as I don't expect there's a huge overlap between Bilt cardholders and WSJ readers, but maybe).
I am not a regular WSJ user, but I read about it elsewhere (here) and transferred my entire points balance (well, almost, due to multiple of 1000) out. My measly 5000 points are likely going to sink Bilt, so watch out
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Old Jun 20, 2024, 11:50 am
  #827  
 
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Originally Posted by notquiteaff
I am not a regular WSJ user, but I read about it elsewhere (here) and transferred my entire points balance (well, almost, due to multiple of 1000) out. My measly 5000 points are likely going to sink Bilt, so watch out
Waiting to see if there are any good bonuses for July 1, but will probably transfer 80-90% out soon. Last month was a bit of a let down, so partner tensions could be impacting the program already.
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Old Jun 20, 2024, 11:56 am
  #828  
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Originally Posted by NYC Flyer
Waiting to see if there are any good bonuses for July 1, but will probably transfer 80-90% out soon. Last month was a bit of a let down, so partner tensions could be impacting the program already.
I was thinking the same thing. If the July Rent Day promo looks good in and of itself or looks promising for future promos, I'll stick around. If not, I'll start cashing out regularly (and likely to Hyatt, which I assume is one of the costlier options for them).
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Old Jun 20, 2024, 12:38 pm
  #829  
 
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Originally Posted by NYC Flyer
Waiting to see if there are any good bonuses for July 1, but will probably transfer 80-90% out soon. Last month was a bit of a let down, so partner tensions could be impacting the program already.
Originally Posted by josephstern
I was thinking the same thing. If the July Rent Day promo looks good in and of itself or looks promising for future promos, I'll stick around. If not, I'll start cashing out regularly (and likely to Hyatt, which I assume is one of the costlier options for them).
I think those massive Rent Day transfer bonuses are almost certainly history. If they haven't already, Bilt's equity investors are probably telling it to conserve cash with the publication of the WSJ article.
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Old Jun 21, 2024, 8:51 am
  #830  
 
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Anyone else seeing double payments on there BILT account? I made a payment on my account for 6/20 and it is showing twice. Called CS and they said it was a technical issue they were aware of and a credit would be sent to my bank account.
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Old Jun 23, 2024, 5:41 pm
  #831  
 
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Speculation: July Rent Day bonus on AS transfers, MVP status purchase

Somebody posted in the Bilt Facebook group that he saw for July Rent Day:
75% transfer bonus to AS for Golds
10k Bilt points for MVP status through December for Golds

He had a link to a page on Bilt site showing the 10k offer (which was still live when I clicked it yesterday but has since been taken down), and a screenshot showing the 75% transfer bonus.
Presumably Platinum offers would be 100% transfer bonus and maybe a smaller charge for MVP or MPG Gold option, but since he wasn't Platinum, he was only seeing the Gold offers.
He also said there would be some Dining Experience again.

Of course, take this all with a grain of salt.
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Old Jun 23, 2024, 5:47 pm
  #832  
 
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The transfer bonus to Alaska would be awesome; as an East Coast flyer with PP on American idk if the status match would be useful. Also curious if the 10k points would be included in the bonus.
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Old Jun 25, 2024, 8:17 am
  #833  
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Well, it's true. OMaaT has the details on an Alaska Airlines Rent Day promo. Of note, the up to 100% transfer bonus only works on up to 50K miles, but it's still pretty solid:

https://onemileatatime.com/guides/bi...day-promotion/

There's also going to be a way to buy status with 10K Bilt points apparently, but Lucky doesn't say how long that status will last. If it's until the end of 2025, that could be great too. (Edit here, made more clear by another blogger is that you do get 10K Alaska miles with this - you aren't really buying status, it's just a 10K -> 10K transfer comes with status, but that 10K isn't also eligible for the bonus match).

Edit: He updated to say status lasts through the end of 2024, so probably not a taker for me.
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Old Jun 25, 2024, 8:24 am
  #834  
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Yet another blog says this will be the final Points Quest month - so no more game show for 250 points after July:

https://awardwallet.com/blog/bilt-re...ate=2024-06-25
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Old Jun 25, 2024, 8:24 am
  #835  
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Originally Posted by josephstern
Yet another blog says this will be the final Points Quest month - so no more game show for 250 points after July:

https://awardwallet.com/blog/bilt-re...ate=2024-06-25
Oh dang, that's a huge bummer
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Old Jun 25, 2024, 9:42 am
  #836  
 
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Originally Posted by josephstern
... this will be the final Points Quest month - so no more game show for 250 points after July: ...
The 2nd recent cost cutting/benefit reduction action by Bilt. The writing is clearly on the wall.

"A journey of a thousand miles begins with a single step.
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Old Jun 25, 2024, 10:04 am
  #837  
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After you get a new card from fraud, how long does it take until you can change the card you charge rent to? In the app, my old card is still showing, but I've received my new card now. I can't add my new card as the card to charge my rent to. Is that something I need to give a couple days or call?
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Old Jun 25, 2024, 12:54 pm
  #838  
 
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I've been prepaying my HOA fees in 6-month increments since last year, but I'm thinking about prepaying my HOA fees for 12 months the next time (in August). I'll subsequently transfer out Bilt points (to the nearest 1000 increment) to limit my exposure. I agree with Dr Jabadski that I'm uncertain of Bilt's future.

I'm wondering if Bilt folds if Wells Fargo would just product change everyone to one of its in house cards. Maybe the Autograph card?
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Old Jun 25, 2024, 5:21 pm
  #839  
 
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Originally Posted by josephstern
Well, it's true. OMaaT has the details on an Alaska Airlines Rent Day promo. Of note, the up to 100% transfer bonus only works on up to 50K miles,
only on the first 50k?

is this limit new or were all the other airline transfer bonuses limited like this?
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Old Jun 25, 2024, 6:36 pm
  #840  
 
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Originally Posted by josephstern
Yet another blog says this will be the final Points Quest month - so no more game show for 250 points after July:

https://awardwallet.com/blog/bilt-re...ate=2024-06-25
That's a real shame. I'm thrilled about this Rent Day promo, though; as a domestic AA flyer, getting ~50k AS miles is a huge boost to me.
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