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News: A Credit Card Rewards Program for Renters - Credit-Land.com

The dream of many renters has finally come true - now you can earn rewards on monthly rent payments with the Bilt Mastercard®.

The is part of Bilt Rewards and is issued by Wells Fargo Bank N.A. Bilt is a rewards program that allows members to earn Bilt Points on rent transactions, non-rent transactions, bonus points, and more. Those who also get the Bilt Mastercard will be able to earn up to 100,000 points per year on monthly rent and unlimited points anywhere Mastercard is accepted.

To allow its members to earn points on rent, Bilt formed the Bilt Rewards Alliance, a collection of 2M+ rental homes across the country that let you earn points by paying rent. The Bilt Mastercard will earn x points on dining, x points on travel and x points on rent payments without the transition fees (up to 100,000 points each calendar year). Plus, all other points will earn x points. The only condition to earn points is to use the Bilt Mastercard card 5 times each statement period.

Earned Bilt Rewards points can be used toward travel with partner airlines or hotels and some other perks. But more importantly, points can be used toward the next month's rent payment or redeemed as a down payment on your mortgage.

The Bilt Mastercard will also allow you to build your credit, and a good credit score can help you bring down the rates on your mortgage.

The Bilt Mastercard is a good way to pay for rent without a fee and to get rewarded for that. Since the card offers interesting points earning structure and Bilt rewards can be transferred to partners at 1:1 ratio, the card will also be advantageous when used as a primary card for everyday purchases.

tags : Credit Cards Mortgage Rent

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All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.