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8 Things to Know About the Bilt Rewards Mastercard

Nomadic Matt's new Bilt Mastercard being held up in front of a snake plant

Posted: 2/8/2023 | February 8th, 2023

Since coming out in 2021, the Bilt Rewards Mastercard has been an absolute game-changer for renters that love to travel. It’s the only credit card that allows you to earn points on your monthly rent payment — up to 50,000 points per year, (which could pay for a round-trip flight to Hawaii, for example).

You can use these points like any other travel rewards points (such as those from Chase, American Express, or Capital One), transferring them to airline or hotel partners or paying for travel directly through a specific portal.

But while the points-for-rent perk gets all the attention (and rightfully so), the Bilt Rewards Mastercard is more than a one-trick pony.

To truly get the most out of this valuable card (one that I think every renter should have in their wallet), here are some key things to know about the Bilt Mastercard:

1. There’s no annual fee

One of the most important things to consider when opening a new credit card is whether there is an annual fee, and if so, whether paying it makes sense according to your spending habits and goals.

Most of the best travel credit cards have annual fees, and for frequent travelers, they’re usually worth it. You can get much more value out of a card than its annual fee if you’re an avid flier who enjoys lounge access, priority boarding, checking extra luggage, or other common perks.

But you don’t have to worry about that with Bilt, as the card currently has no fee. You can earn points on your rent completely for free!

2. There’s also no welcome offer

However, the flip side of there being no annual fee is that there is also no welcome offer on the Bilt Rewards Mastercard.

Welcome offers (also known as sign-up bonuses) are the points you earn by spending a certain amount within a specified time frame after opening a credit card. For example, you might be able to earn 60,000 points if you spend $3,000 USD within the first three months of opening a particular card.

These offers jump-start your points “fund” and can often amount to a free round-trip flight right off the bat. Welcome offers are so vital to any good travel hacking strategy that I usually advise against signing up for a card unless there is a sizable one. The fact that I wholeheartedly recommend the Bilt card, even without a welcome offer, should show you just how great I think this card is.

3. There is a minimum transaction requirement to earn points

After opening the Bilt…

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