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 Ive 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 Im 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. Im 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.

Theres 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. Theres 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 Bilts Rent Day promotions going back to October 2022 at the bottom of the page here: DEALSPOINTS.

June 2024: Bottom of this post describes one persons 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 Sep 22, 2021, 6:30 am
  #1  
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Bilt Mastercard

I was surprised to see that nobody made a thread about this card thus far.

As a reminder, this is a $0 AF, no FTF metal card with transferrable points (AA, Hyatt, Turkish, IHG, FB, Virgin Atlantic, Aeroplan, Emirates, Hawaiian).

The first iteration wasn't all that interesting, but it appears they move fast and have already updated the rewards structure to:
  • 1X general spend and rent
  • 2X travel (air, hotel, car, cruise)
  • 3X dining
The card also features quite a few benefits/coverages that we rarely see in $0 AF cards these day, like: $800 cellphone protection, purchase protection, 6-hour flight delay coverage, etc.

This could be a very interesting card for the AF-averse crowd, as it is exceedingly rare to find a $0 AF card with no FTF that offers transfer partners (and good ones, at that!).
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Old Sep 22, 2021, 7:33 am
  #2  
 
Join Date: Mar 2013
Location: Minnesota
Posts: 368
The 3x on dining is appealing (arguably better than 4 with the Altitude Go - I could probably get 1.33/pt of value from Hyatt easily,) as is the 1x on rent. 2x on travel is decent, though I get 3.4/dollar with my PenFed Pathfinder (also no annual fee) so 2x Hyatt (what I'd consider most valuable) might not win out there unless the protections are significantly better. Right now the rent would be a backup to PayPal Key for my use case unless the property management company my apartment uses starts incentivizing Bilt usage - I think my property management company charges a $5 fee for checks (ACH is free) but only $3.95 for debit cards, which PayPal Key is classified as in their system. $5 for 1300ish Hyatt points each month isn't bad, but not as good as the flexibility of PayPal Key.
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Old Sep 22, 2021, 9:03 am
  #3  
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Originally Posted by jebr
The 3x on dining is appealing (arguably better than 4 with the Altitude Go - I could probably get 1.33/pt of value from Hyatt easily,) as is the 1x on rent. 2x on travel is decent, though I get 3.4/dollar with my PenFed Pathfinder (also no annual fee) so 2x Hyatt (what I'd consider most valuable) might not win out there unless the protections are significantly better. Right now the rent would be a backup to PayPal Key for my use case unless the property management company my apartment uses starts incentivizing Bilt usage - I think my property management company charges a $5 fee for checks (ACH is free) but only $3.95 for debit cards, which PayPal Key is classified as in their system. $5 for 1300ish Hyatt points each month isn't bad, but not as good as the flexibility of PayPal Key.
Yeah, I'd say Hyatt, Turkish, and AA are the gems here. I've consistently pulled off 2cpp+ on my Hyatt redemptions, even above 3cpp at times. AA can get outsized value with the web promos. Turkish has their 45-47K biz redemption to Europe and the Middle East.
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Old Sep 22, 2021, 10:49 am
  #4  
mia
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Posts: 49,088
Do we know:

1. Card issuer?
2. Any new account bonus?
3. Available to anyone, or only to verified renters?
mia is online now  
Old Sep 22, 2021, 11:48 am
  #5  
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Originally Posted by mia
Do we know:

1. Card issuer?
2. Any new account bonus?
3. Available to anyone, or only to verified renters?
1) Evolve Bank & Trust
2) 2X on all purchases in the first month and some bonus on your first rent payment
3) Open to all!

https://www.biltrewards.com/card
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Old Sep 23, 2021, 7:20 am
  #6  
 
Join Date: Aug 2008
Location: SAF
Programs: IHG Silver
Posts: 678
There does seem to be some potential value here. Has anyone been able to find the list of rental companies they partner with? All I can see is 10-11 that scroll by on the website but not sure if that is it. Seems like an important detail if someone were considering getting the card for the rental 1x.
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Old Sep 23, 2021, 10:13 am
  #7  
 
Join Date: Mar 2013
Location: EWR
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Posts: 1,267
With the rewards changes it’s not a bad card even for those who don’t pay rent. Compare to a $95 Sapphire Preferred… It’s getting to be that there are so many cards with such marginal differences it’s hard to determine where to put your spend.
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Old Sep 23, 2021, 11:11 am
  #8  
mia
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Posts: 49,088
Originally Posted by G2244
....list of rental companies they partner with?.
See here: https://www.cnbc.com/select/bilt-rew...s-paying-rent/
The Bilt Rewards Alliance includes the following participating real estate partners nationwide:
  • The Blackstone Group
  • The Related Companies
  • Equity Residential
  • GID
  • AvalonBay Communities, Inc.
  • Camden Property Trust
  • Cushman & Wakefield
  • Trammell Crow Residential
  • Highmark Residential
  • AMLI Residential
  • Morgan Properties
  • SL Green Realty Corp.
  • Starwood Capital Group
  • LivCor
  • The Moinian Group
  • Veritas Investments
  • Artemis Real Estate Partners
You can also enter your address into the Bilt app to see if your building is a participating property. Qualifying participants will see a note that they are a Member of the Bilt Rewards Alliance.
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Old Sep 24, 2021, 5:48 am
  #9  
formerly known as Frugal Travel Guy
 
Join Date: Jul 2001
Location: Greenville, SC
Programs: UA Gold, HH Gold, SPG Gold, Marriott Silver, Hyatt Platinum
Posts: 1,925
No new account bonus other than 2X at least on all first 30 days
No restriction as to verified renter

Card Issuer Haven't got the card yet
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Old Oct 5, 2021, 3:13 pm
  #10  
 
Join Date: Jul 2012
Location: ATL
Programs: All of Them
Posts: 512
Originally Posted by moe8555
I was surprised to see that nobody made a thread about this card thus far.

As a reminder, this is a $0 AF, no FTF metal card with transferrable points (AA, Hyatt, Turkish, IHG, FB, Virgin Atlantic, Aeroplan, Emirates, Hawaiian).

The first iteration wasn't all that interesting, but it appears they move fast and have already updated the rewards structure to:
  • 1X general spend and rent
  • 2X travel (air, hotel, car, cruise)
  • 3X dining
The card also features quite a few benefits/coverages that we rarely see in $0 AF cards these day, like: $800 cellphone protection, purchase protection, 6-hour flight delay coverage, etc.

This could be a very interesting card for the AF-averse crowd, as it is exceedingly rare to find a $0 AF card with no FTF that offers transfer partners (and good ones, at that!).
We're proud of the product we've created. Happy to take any and all feedback on Bilt Rewards as we continue to refine the program. - Richard Kerr, Bilt Rewards
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Old Oct 7, 2021, 2:25 pm
  #11  
 
Join Date: Mar 2013
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Posts: 1,267
Originally Posted by Richklhs
We're proud of the product we've created. Happy to take any and all feedback on Bilt Rewards as we continue to refine the program. - Richard Kerr, Bilt Rewards
Figure out how to get us home owners a way to pay our mortgage for 1x and youll have lots of takers
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Old Oct 13, 2021, 5:10 pm
  #12  
 
Join Date: Jul 2005
Posts: 43
Originally Posted by jags86
Figure out how to get us home owners a way to pay our mortgage for 1x and youll have lots of takers
Absolutely!
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Old Oct 15, 2021, 4:56 am
  #13  
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Originally Posted by Richklhs
We're proud of the product we've created. Happy to take any and all feedback on Bilt Rewards as we continue to refine the program. - Richard Kerr, Bilt Rewards
What's the ETA on go live for Turkish, Aeroplan and Virgin transfers? The fact that they're still a WIP really should have been made clear...

And thoughts on Capital One going full 2X (1:1) on nearly every partner?
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Old Oct 17, 2021, 5:04 am
  #14  
formerly known as Frugal Travel Guy
 
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Programs: UA Gold, HH Gold, SPG Gold, Marriott Silver, Hyatt Platinum
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Your apartment does NOT have to be part of the Bilt program to earn points that are transferable. Bilt will mail a check to your landlord and you'll still earn points. I had mine sent 2 weeks early just to be sure it would get there on time and it did. I earned my points. And Bilt has assured me they will have automatic reoccurring check mailing set up soon. This card is a winner for renters
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Old Oct 27, 2021, 10:13 am
  #15  
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Posts: 1,391
FYI to all that Turkish Airlines has been fully enabled and points can now be transferred.

Virgin Atlantic and Aeroplan are still "coming soon."
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