Bilt will now let you pay your rent with more cred...

TPG founder Brian Kelly is a Bilt advisor and investor.

Persevering with to interrupt the mould of conventional rewards applications, Bilt Rewards has as soon as once more raised the bar and added a brand new function for renters. As a Bilt member, for those who pay hire, now you can pay this expense with different bank cards except for the Bilt Mastercard® (see rates and fees). Due to this fact, you’ll be able to double dip and earn Bilt Factors and the rewards supplied in your card. However, earlier than you begin swiping your bank card, there’s a catch.

Hold studying to seek out out extra about Bilt’s newest hire function and if it is price it.

Associated: Bilt Rewards program: Guide to earning points on rent, transfer bonuses, dining and more

With no transaction charges on hire funds (see rates and fees), paying hire with the Bilt Mastercard is a straightforward technique to earn transferable points. Renters can earn 1 level per greenback spent on hire (as much as 100,000 factors yearly) so long as no less than 5 transactions are made on the cardboard every billing cycle (see rewards and benefits).

Nevertheless, if you do not have the Bilt card, the rewards program now enables you to pay your hire with extra bank cards. In a press launch, Bilt introduced that Visa, Mastercard and Uncover cardholders will earn 1 Bilt level per greenback spent, along with the rewards your particular person card earns. For Amex cardholders, you may earn 1 Bilt level for each $2 spent, along with the rewards your card earns.

However there’s a downside to utilizing a bank card except for the Bilt card — you’ll incur a 3% transaction charge for third-party playing cards used on hire funds. So, with a 3% charge, is it price it? Effectively, it is dependent upon which card you employ.

For example your hire is $2,000, and also you determine to pay it together with your Citi Double Cash® Card (see rates and fees). Since you can be charged a 3% transaction charge, you’ll pay $2,060 out of pocket and earn 2,000 Bilt factors. Moreover, for the reason that Citi Double Money Card gives 2% money again on each buy (1% money again whenever you purchase, plus a further 1% as you pay for these purchases), you’ll earn about $41 money again out of your card.

Bilt factors are price 2.05 cents apiece per our April 2025 valuations, so you may earn $40 of worth in Bilt factors and $41 money again out of your Citi card — for a complete of about $81 in worth on this state of affairs. For those who subtract the $60 charge (from the three% transaction charge), you may have gained about $21 in worth.

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Whereas gaining a further $20 in worth might not seem to be loads, these factors are simple rewards you have earned by merely paying hire.

Nevertheless, it is vital to notice that TPG’s valuation relies on transferring your Bilt factors to one in all its 18 airline and lodge companions to maximise their worth. For those who merely redeem your 2,000 Bilt factors for money again at 1 cent per level, you are solely getting a return of $20 in rewards. Due to this fact, your Citi card rewards plus your Bilt factors are price a complete of $40. This may not be the best choice as you’ll have paid $60 to earn $40 in worth.

So, it is vital to notice what card you employ to pay your hire (Amex playing cards will solely offer you a return of two Bilt factors per greenback spent) and just remember to will maximize the worth you get out of your Bilt factors.

As you unlock elite standing, you may earn entry to raised Lease Day promotions, reminiscent of bonus transfers. Most not too long ago, Bilt supplied an up-to-100% Avios transfer bonus and an up-to-100% bonus on Lyft redemptions.

Associated: What is Bilt Rewards Rent Day?

Bilt is all about including flexibility for its members. In March, this system introduced a new rent payment platform, BillPay by Bilt, and teased the opportunity of incomes rewards on mortgage funds. With the newest addition from Bilt, the corporate is continuous to roll out new options and improve its program to make it extra user-friendly for these eager to earn rewards with Bilt however not be tied to opening a bank card to make use of Bilt’s loyalty program.

See Bilt Mastercard charges and costs here.
See Bilt Mastercard rewards and advantages here.