Want a new credit card? Want the best deal, benefits, flight points, and cashback when shopping?
Naturally, you want a card that rewards you for your biggest expenses. So what about rent?
What if you could fly around the world or make a down payment for free, simply by paying your rent?
We set out to look at the best credit cards to see how you can get the most back from your money. We found that there’s only one credit card that rewards you for paying rent!
Here are our Top 5 Credit cards for this year, with a full review of the best at the bottom:
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CHASE SAPPHIRE PREFERRED CARD
CAPITAL ONE SAVORONE CASH REWARDS CREDIT CARD
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Use points to book travel with over 100+ airlines and hotels, including with our many travel partners.
RENT & DOWN PAYMENT
Use your Bilt points towards your next month’s rent payment or save your points and put them towards a down payment – with the first rewards program of its kind to let you redeem rewards points towards homeownership.
We’ve partnered with the nation’s top group fitness classes so you can redeem your points for some of the most popular workouts and classes.
SUMMARY: Bilt is the first and only credit card that lets you earn points on rent and all other purchases with no fees. Bilt even makes it possible to pay your rent with your credit card from your app without any transaction fee. Redeem your Points to pay your next rent or a downpayment on a future home.
There are lots of included benefits like purchase security, trip delay, and cellphone insurance. Bilt even improves your credit history and your credit score.
All of it without an annual fee!
I’ve been looking at credit cards that guarantee I make the most out of every dollar spent.
Since every payment service wants you to use their card when spending money, they need to offer something in return. And Bilt Rewards focuses on the biggest slice of the pie, rent.
Don’t miss out on your single biggest expense!
Since there’s no annual fee and no catch, you can only win.
Housing accounts for one-third of inflation!
It’s supposed to take up 30% In reality, it is closer to 50% on one single bill.
Bilt is the only credit card that gives you the means to fight back by earning points every time you pay your bill.
If you pay your rent with the Bilt MasterCard, you get a 1:1 reward for every dollar.
So If your rent is $1.500 per month, you’ll earn 1.500 Bilt points per month for 18.000 per year.
Even if your landlord only accepts checks, Bilt allows you to pay your rent through the Bilt Rewards app.
Bilt will then send a check on your behalf to your landlord and apply the rent payment to your card. And they do it free of charge!
No transaction fee!
So there’s no transaction fee, no issues whatsoever, no matter where you live or how small or big your rent is.
Even if you pay with PayPal or Venmo, you’ll still earn your 1x rewards through Bilt.
Build your credit history by paying rent.
Bilt can help you boost your credit score by reporting your on-time rent payments to the three biggest credit bureaus: Equifax, TransUnion, and Experian.
Rent reporting can help build a credit history, increase the types of credit on your credit report, and may boost your credit score.
With the Bilt MasterCard, you can boost your points in addition to your rent.
You get 1x points on every purchase, but some get you even more!
2x points on travel
Elevate the way you travel. Earn 2x points on flights, hotels, rental cars, and cruises when booked directly with airlines, hotels, and car rental agencies.
3x points in dining
Dine like a royal and earn 3x points whether you’re at your favorite restaurant, bar, or ordering in.
Transfer your Bilt Points 1:1 to over 100+ partner airlines and hotels.
Rent & Downpayment
Redeem your Bilt Points to save on next month’s rent payment, or save your points and put them towards a down payment.
Bilt partnered with the nation’s top group fitness classes so you can redeem your points for some of the most popular classes – starting at just 1,600 points a class.
The Bilt Collection
Redeem your Bilt Points for art, home decor, and clothing. With the Bilt Collection, you’ll have exclusive access to a hand-curated catalog of art, decor, and apparel.
One of the challenges with home ownership when you’re renting is that it’s hard to know if it’s better to rent or own? How do you compare that?
With Bilt, you can see based on your credit profile, your income, real-time interest rates, and what homes you can buy for the same monthly payment as your rent.
Meaning you finally can compare your renting situation to a possible home.
And if you’re ready to buy, you can use your points to cover your down payment.
Benefits like this can only be found on credit cards that come with an annual fee. With Bilt, you get it for free!
Get help with hard-to-find dinner reservations, perfect last-minute gifts, or insider hotel recommendations.
Pay your monthly cell phone bill with your Bilt MasterCard and get up to $800 of protection.
Purchases covered for theft or damage up to $10,000 per claim.
Up to $5,000 reimbursement if your trip is interrupted or canceled.
Get reimbursed for expenses incurred, including meals, when your trip is delayed more than six hours.
Auto coverage for damages due to collision or theft for most rental cars.
You won’t pay a foreign currency conversion fee for purchases converted to U.S. dollars.
This is a no-brainer for anyone who rents a home! And an amazing benefit to anyone paying down their mortgage.
Since the average rent is $1,300 per month, you’ll most likely get 1,300 points in rewards. Equivalent to $300 every year.
Yeah, I recommend this to all of my friends and family, and so should you.
The only caveat is that you need to do 5 purchases each month with your Bilt card to qualify.
And since paying your rent counts as 1 of those 5, you only have to do 4 additional purchases.
So you either use your Bilt MasterCard when eating out, as that gives you 3x Bilt points, or just reload an account like your amazon.com account a couple of times with $5.
In the end, you can most likely create 4 purchases naturally, and when they allow you to get approximately 18.000 points per year, well it’s a win no matter how you see it.
Q: Will I pay a fee on my rent payment if I use the Bilt MasterCard®?
Nope! There is no transaction fee on your rent payments when you pay rent with your Bilt MasterCard through the Bilt Rewards app.
Q: Can I Pay my rent with my Bilt Points?
Yes!, With Bilt, your points can be turned into next month’s rent money.
Q: What are my Bilt Points redeemable for?
You can redeem your points for travel with over 100+ airlines and hotels, future rent payments, fitness classes, and even a downpayment on a home. You can view all of these rewards and redeem your points in the Bilt Rewards app.
Q: How does Bilt boost my credit score?
It might be difficult for lenders to see you as a strong borrower if you don’t have a lot of credit history. Less than 10% of renters currently see their on-time rental history reflected in their credit scores. Bilt allows you to change that by reporting every on-time rent payment.
Q: What is the Bilt Collection?
Use your points to decorate your apartment or fill your closet with a members-only online store featuring new up-and-coming artists.
Bilt is the only Credit Card That allows you to pay your rent without a transaction fee and earn points to pay your next bill.
As of January 06, 2023, Ever since Bilt was on major international media, an incredible amount of buzz has been generated.