Bilt Rewards Mastercard: 22 Things to Know + Review

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The Bilt Mastercard® is the only credit card that allows you to pay rent without a fee. Plus, it has no annual fee, extra points on dining and travel, and nice travel and purchase protections.

This credit card review will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.

No Annual Fee
Bilt Mastercard®
  • Pay Rent Without Fees and Earn 1 Point Per Dollar on Rent (up to 100,000 Points Per Calendar Year)
  • No Annual Fee
  • 3x Points on Dining
  • 2x Points on Travel
  • Transfer Rewards to Airlines and Hotels
  • Cell Phone, Primary Rental Car, and Trip Delay Insurance
Learn More

Welcome Bonus for the Bilt Mastercard

The Bilt Mastercard® does not officially offer a welcome bonus, but there is an unofficial welcome offer of 5x points your first 5 days up to 50,000 points.

Despite not having a welcome bonus, you can easily earn lots of points when paying your rent.

Earning Points with the Bilt Mastercard

The Bilt Mastercard® earns the following rewards when you have at least five posted transactions per billing cycle:

  • 5 points per dollar on Lyft purchases.
  • 3 points per dollar on dining.
  • 2 points per dollar on travel purchases.
  • 1 point per dollar on rent payments without any transaction fees, up to a limit of 100,000 points per year.
  • 1 point per dollar on everything else.

Plus, the first of every month is Bilt’s Rent Day, which allows you to earn double points on the first of each month. That means you’ll earn 6x on dining (normally 3x), 4x on travel (normally 2x), and 2x on other purchases except rent (normally 1x).

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No Annual Fee for the Bilt Mastercard

The Bilt Rewards Mastercard has no annual fee making it an appealing credit card option for those who want to earn rewards and premium benefits without paying a large annual fee.

Benefits of the Bilt Mastercard

The Bilt Mastercard® offers nice benefits for a no annual fee card, including: 

Primary Rental Car Insurance steps in as the primary coverage for any damage or theft of a rental vehicle paid for with this card without needing to use your own auto insurance.

Cell Phone Protection offers coverage for damage or theft of a cell phone when the monthly cell phone bill is paid with the eligible credit card.

Trip Delay Insurance will reimburse any eligible expenses you incur as a result of your trip being delayed.

Purchase Protection covers eligible purchases against accidental damage or theft for up to 90 days for purchases this card.

Trip Cancellation and Interruption Insurance reimburses you for non-refundable expenses if your trip is interrupted or canceled for a covered reason when you pay for your travel expenses with this card.

No Foreign Transaction Fees: You can make international purchases with your card without paying an extra fee of around 3%.

Redeem Points with the Bilt Mastercard

Bilt Rewards points can be redeemed in several ways, including:

  • Travel portal for flights, hotels, rental cars, and activities (1.25 cents per point).
  • Transfer to airline and hotel points programs (listed below).
  • Amazon purchases (0.70 cents per point).
  • Fitness classes (1.0 cents per point).
  • Down payment on a home (1.5 cents per point).
  • Rent payments (0.55 cents per point).
Bilt Rewards Bilt Rewards Transfer Partners [1 to 1]
Aer Lingus Aer Lingus Air Canada Air Canada
Air France Air France/KLM American Airlines American
LifeMiles Avianca LifeMiles British Airways British Airways
Cathay Pacific Cathay Pacific Emirates logo Emirates
Hawaiian Airlines logo Hawaiian World of Hyatt Hyatt Hotels
Iberia logo Iberia IHG Hotels IHG Hotels
Marriott Hotels Marriott Bonvoy Turkish Airlines logo Turkish
United Airlines logo United Virgin Atlantic logo Virgin Atlantic

Pros and Cons of Bilt Mastercard

Here are the advantages and disadvantages of this card:

Pros:

  • Ability to earn points on rent.
  • Nice travel and purchase protections.
  • Ability to transfer points to airline and hotel partners.
  • Special bonuses and perks with Bilt’s Rent Day.

Cons:

  • No large welcome bonus.
  • No “Tap to Pay” technology making it awkward to use on international trips where Tap to Pay is the default.

Alternatives to Bilt Mastercard

Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.

Best Starter Travel Card
Chase Sapphire Preferred® Card
  • bonus_miles_full
  • 5x Points on Travel Booked Via Chase
  • 3x Points on Dining and Eligible Delivery Services
  • 2x Points on All Other Travel Purchases
  • 10% Anniversary Points Boost
  • Trip Delay and Trip Cancellation Insurance
  • Primary Rental Car Insurance
  • $95 Annual Fee

Click Here to Learn How to Apply

The Chase Sapphire Preferred® Card (review) is one of the best rewards cards for travelers who want solid earning rates for travel and dining expenses. 

For only $95 per year, this card earns 5x Chase Ultimate Rewards points on travel booked through the Chase Ultimate Rewards portal, 3x points on dining, online groceries, and streaming services, and 2x on all other travel purchases

Cardholders will also get a 10% anniversary points bonus, a 12-month DoorDash DashPass subscription when activated by December 31, 2024, and a $50 anniversary hotel statement credit. 

Plus, it provides extensive travel protections, including trip delay, primary rental car, baggage, and purchase protection plans. 

No Annual Fee

card_name

  • bonus_miles_full
  • 5% Cash Back on Travel Purchased Via Chase
  • 3% Cash Back at Restaurants and Drug Stores
  • 1.5% Cash Back on All Other Purchases
  • 0% Intro APR for 15 Months (After that, a reg_apr,reg_apr_type APR.)
  • Purchase Protection and Extended Warranty
  • No Annual Fee

Click Here to Learn How to Apply

The Chase Freedom Unlimited® (review) is a good no-annual fee credit card option that offers 5% cash back on travel booked through Chase Ultimate Rewards, 3% cash back at restaurants, takeout, eligible delivery services, and on drugstore purchases. Plus it offers 1.5% cash back on all other eligible purchases.

The card also offers nice benefits such as purchase protection, extended warranty, trip cancellation/interruption insurance, and secondary rental car insurance.

Capital One Venture X Rewards Credit Card
  • bonus_miles_full
  • $300 Annual Credit for Bookings through Capital One Travel
  • 10,000 Miles for Each Account Anniversary
  • Hertz President’s Circle Elite Status
  • Airport Lounge Access (Priority Pass, Capital One, & Plaza Premium)
  • 10X Miles on Hotels and Rental Cars, and 5x Miles on Flights Booked with Capital One Travel
  • 2X Miles on All Other purchases
  • $395 Annual Fee
Learn More Our Review

The Capital One Venture X Rewards Credit Card (review) is a premium travel rewards card that’s perfect for travelers who want outstanding travel perks like annual travel credits, worldwide airport lounge access, and travel and purchase protections. 

The Venture X earns 2x miles on all purchases helping you maximize every dollar of your spending. Plus, you can earn 10x miles on hotels and rental cars, and 5x miles on flights booked through Capital One.

The card has a $395 annual fee, completely offset by a $300 annual credit for bookings through Capital One Travel, and 10,000 points (worth at least $100) for each account anniversary.

Plus, you get airport lounge access via Priority Pass, Capital One, and Plaza Premium Lounges, Hertz President’s Circle elite status, Global Entry or TSA PreCheck credit, rental car insurance, trip and luggage insurance, cell phone insurance, and purchase protection.

Is the Bilt Mastercard Worth It?

I am a big fan of the Bilt Mastercard® because of its no annual fee, ability to earn points on rent, extra points on travel and dining, nice travel and purchase protections, and its unique rewards program. 

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