BILT Master Card

BILT Master Credit Card is issued by Wells Fargo Bank. This Card got introduced to the Market in Mid 2021. Since then, it has become one of the favorite cards for paying the monthly rent. The Referral Link for BILT Credit Card is HERE

Basics of Bilt Master Card:

1. This is a No Annual Fee Card
2. It gives 1 BILT point for paying the rent without a transaction fee – Up to 100,000 BILT points per year.
3. Must use the card at least on five transactions during each statement period to earn points.
4. 5X on Lyft Rides when linking this card to the account.
5. 2X on Travel
6. 3X on Dining
7. 1X on All other Purchases.
8. On just the 1st of every month the 1X categories get 2X points (other than Rent Payment)
9. On just the 1st of every month the 2X categories get 4X points (other than Rent Payment)
10. On just the 1st of every month the 3X categories get 6X points (other than Rent Payment)

Additional Benefits of Bilt Master Card:

1. No Foreign Transaction Fee
2. Lyft Credits – Take 3 rides in one calendar month, get a $5 Lyft credit every Calendar month.
3. Trip cancellation & interruption protection up to 5,000$
4. Trip delay reimbursement after 6 hours of delay
5. Auto rental collision damage waiver
6. Cellular telephone protection – up to $800 of protection (subject to $25 deductible) against covered damage or theft
7. Purchase security (Theft and damage protection) – Purchases made on this card can be covered for theft or damage within 90 days of the date of purchase, up to $10,000 per claim.

How I earn Points on this Card

I owned this card for 8 months now. I had paid off part of my car loan with this card. When I received this card in hand, I had a targeted promotion of getting 5X points on purchases, up to total of 50,000 points.

I pay my rent using this Card and Get the BILT points for the  rent I pay without any transaction Fee. When I pay rent specially, using PLASTIQ service, they charge me a steep transaction fee of 3%.

How I Spend the Points I earn from this Card:

Bilt points can be transferred to 15 of its Hotel and Airline partners. Normally they transfer at 1:1 ratio. In the past I had transferred to Air France-KLM Flying Blue program when they were running a promotion, where 1 Bilt point was equal to 2 Flying blue points. I used that to fly to Europe (Prague). It just took 9,000 Bilt Points to go from LAX (Los Angeles) to CGD (Paris/Prague). In total the trip cost 18,000 True Blue points and 55$ in Taxes. I have seen these increased bonus point offers for various airlines almost every month. Usually, one particular airline is targeted every month. In general, Bilt Points are ranked more valuable rewards points than Amex Membership Rewards and Chase Ultimate Rewards. If you are interested in applying for this awesome credit card, the link for application is in the top of this post.