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The Bilt World Elite Mastercard® Credit Card stands out for its unique ability to earn rewards on rent payments without incurring transaction fees. Military renters can now earn valuable travel rewards points in the Bilt Rewards program when they make rent payments.
A no transaction fee rent payment feature, combined with its no annual fee and advanced travel rewards program, makes it a valuable asset for military renters. This article explores the card's benefits, how it's suited for military renters, and why it could be a great addition to your wallet.
Bilt World Elite Mastercard® Credit Card
Learn how to apply on our partner's secure site
- $0 annual fee (terms apply)
- 1x points on rent payments without transaction fee, up to 100,000 points each calendar year
- 3x points on dining
- 2x points on travel – airlines, hotels, motels, resorts, cruise lines, car rentals
- 1x points on all other purchases
- Rent Day bonus double points on the 1st of every month up to 10,000 points: 6x points on dinging, 4x points on travel, 2x on other purchases (except rent)
In this post:
Rewards on Rent with No Fee
For military renters who often face PCS moves, the Bilt Rewards Credit Card presents an incredible opportunity to earn rewards on rent payments.
Unlike other cards, which often charge a 2% to 3% fee on rent payments, the Bilt card allows users to pay rent with no added fees.
If your landlord or housing company isn't part of the Bilt Rewards Alliance network, you're still covered.
Bilt Rewards will issue a check to them when payments are made through the app. This translates into consistent point accrual for military renters who can utilize these points for various perks.
You can earn up to 100,000 points per year paying your rent with the Bilt Credit Card, without incurring a transaction fee.
Boost Your Credit Score
With Bilt, not only can you earn points, but you also have an unprecedented opportunity to improve your credit score.
If you live in a Bilt Alliance partner building, you can opt into free rent reporting to all three major credit bureaus; consistent on-time rent payments can enhance your score.
This can have a ripple effect, leading to better loan offers, favorable mortgage rates, and overall improved financial health. The program's BiltProtect feature further complements this by ensuring that your rent is automatically debited from your linked bank account, freeing up your credit line and managing credit utilization.
Bilt Rewards Program
Redeeming Bilt points is as exciting as earning them. Whether you're a traveler, fitness enthusiast, shopper, or someone saving for homeownership, there's something for everyone:
- Travel: Transfer points for bookings through over 100 airlines and hotels, including the only transfer partner of American Airlines. (Chase, American Express, Citi, and Capital One points do not transfer to American Airlines)
- Fitness: Redeem for classes at popular fitness centers like SoulCycle and Rumble.
- Shopping: Cover your Amazon shopping spree or buy exclusive art pieces from The Bilt Collection.
- Homeownership: Unique to Bilt, use your points towards a house down payment.
Multiply Your Earnings with Bilt Partners
Bilt doesn't stop at rent; it's integrated with popular services to enhance your earnings:
- Earn up to 5X Bilt Points with every Lyft ride.
- Dine out and earn 5x Bilt Points at partner restaurants in select cities in addition to the 3x points you can already earn on dining
- Special rewards on the 1st of every month, including 6x on dining, 4x on travel, and 2x on other purchases.
Elite Perks with World Elite Mastercard®
The Bilt World Elite Mastercard® elevates the cardholding experience by waiving foreign currency conversion fees and offering benefits like trip cancellation protection, trip delay reimbursement, cell phone protection, and credits with popular services like Lyft and DoorDash.
Note: The features and benefits mentioned here are subject to terms and conditions set by Bilt Rewards. Always refer to the official disclosures for accurate and up-to-date information.
Transferable Points for Travel Rewards
Military personnel who love to travel will find the card's transferable rewards appealing. Bilt has partnered with renowned airline and hotel programs, making it possible to transfer points at a 1:1 rate to programs like American Airlines AAdvantage, Turkish Miles & Smiles, and World of Hyatt.
Whether you're planning a family vacation or a trip with friends, these transfer options offer flexibility in redeeming points for flights, hotel stays, and more.
Additional Bilt Card Perks and Protections
What sets the Bilt Rewards Credit Card apart are the extra protections that often accompany premium cards. These protections can be of particular interest to military renters:
- Cell Phone Protection: By paying your monthly cell phone bill with the Bilt card, you'll get up to $800 in protection against damage or theft (with a $25 deductible).
- Primary Rental Car Insurance: Receive coverage for collision or theft damages to rental cars when the rental is charged to the Bilt card.
- Purchase Protection: Up to $10,000 per claim for theft or damage within the first 90 days of purchase.
- Trip Delay and Cancellation Insurance: Coverage for flight delays and non-refundable fare interruptions or cancellations, a vital protection for military personnel who may experience sudden changes in plans.
The Bilt Rewards Credit Card offers a lucrative refer-a-friend program that can further enhance your point accumulation. By referring friends who get approved, you can earn additional points, maximizing the benefits of your card.
Is the Bilt Card Right for Military Renters?
Given the unique circumstances that military renters often face, such as frequent relocations and varying housing arrangements, the Bilt Rewards Credit Card can be a perfect match. The ability to earn rewards on rent payments without any fees is a game-changer, providing additional financial benefits.
For those who prioritize travel, the card's transferable rewards and partnerships with reputable airline and hotel programs offer excellent value. Plus, the added protections like cell phone and rental car insurance provide peace of mind.
The Bilt Rewards Credit Card is more than just a no-annual-fee credit card; it's a financial tool tailored to renters, including those in the military. Its unparalleled rent reward system, travel perks, and additional protections make it an attractive option for military renters looking to maximize their financial gains.
By aligning spending habits with the unique benefits of this card, military renters can enjoy substantial rewards and protections. If you fall into this category and are seeking a card that resonates with your lifestyle and renting situation, the Bilt Rewards Credit Card should undoubtedly be on your radar. It’s not just about paying rent; it’s about leveraging those necessary expenses into tangible rewards and experiences.