Have you ever wished you could earn travel rewards for paying your rent? Well, with the Bilt World Elite Mastercard® Credit Card, you can do just that! This card offers a unique perk that allows you to earn rewards for paying rent without any transaction fees. Plus, it also offers extra rewards for dining and travel purchases. Let’s dive into the details of this impressive travel rewards card.
TIME’s Take on the Bilt World Elite Mastercard® Credit Card
For renters with good credit, the Bilt World Elite Mastercard® Credit Card is definitely worth considering. It not only earns rewards for making rent payments but also offers an impressive travel rewards program. The card’s travel program includes top-notch transfer partners like Hyatt, Marriott, and American Airlines. However, it’s worth noting that the card doesn’t offer a sign-up bonus, which could have made it even more valuable.
Pros and Cons of the Bilt World Elite Mastercard® Credit Card
Pros:
- Earns points for paying rent without charging a fee
- Comprehensive travel rewards program
- No annual fee
- Helps build credit history while paying rent
- Double rewards on the first of every month (except for rent payments)
- No foreign transaction fees
Cons:
- No sign-up bonus
- No points for paying mortgage with the card
- Balance transfer fee up to 5%
- Need to make five transactions on the card to be eligible for earning points
Who is the Bilt World Elite Mastercard® Credit Card for?
This card is primarily designed for renters who want to earn points for paying rent. It’s a great way to build a stash of points for your dream vacation. However, even if you’re a homeowner, the card can still be beneficial to you. With its transfer travel partners, promotional offers, and rewards for dining and travel purchases, it’s still a worthy card to consider. Just keep in mind that a higher credit score is required to qualify for this card.
Features of the Bilt World Elite Mastercard® Credit Card
The Bilt World Elite Mastercard® Credit Card offers some impressive features that make it stand out:
- Rewards for paying rent: Earn up to 100,000 points per year by paying your rent with the Bilt credit card. There’s no fee for paying rent, and you can even have Bilt send a check to your landlord if they don’t accept credit card payments.
- Rewards structure: In addition to rent payments, the card earns 3x points on dining and 2x points on travel purchases. All other purchases earn one point per dollar spent.
- Travel partners: The card offers an array of travel transfer partners, including Avianca, American Airlines, IHG, Turkish Airlines, and more, making redemptions potentially valuable.
- Double points on rent day: On the first of every month, you can earn double points on every spending category, except for rent payments.
- Reports rent payments: The card reports rent payments to the three credit bureaus, helping you build a positive credit history.
- Earn Bilt status: Points earned through your purchases count towards Bilt Rewards status.
- Car rental insurance: Paying for the entire cost of a rental car with your card and declining coverage from the rental company makes you eligible for car rental insurance.
The Fine Print
Here are the rates and fees you should be aware of for the Bilt World Elite Mastercard® Credit Card:
- Regular APR: [reg_apr,reg_apr_type]
- Annual fee: [annual_fees]
- Foreign transaction fees: [foreign_transaction_fee]
- APR for cash advances: [cash_advance_apr]
- Cash advance fee: [cash_advance_fee]
- Balance transfer fee: [balance_transfer_fees]
- Foreign currency conversion fee: None
- Late payment fee: Up to $40
Additional Hidden Perks
The Bilt World Elite Mastercard® Credit Card also comes with some additional hidden perks:
- Travel benefits: Enjoy trip cancellation and interruption coverage, trip delay reimbursement, and auto rental collision damage waiver.
- Lyft credits: When you take three Lyft rides in a month, you’re eligible for a $5 credit, saving you up to $60 over the year.
- Cellphone protection: Pay your cellphone bill with the card to receive protection against cellphone theft or damage.
- Purchase protection: Covered items purchased with the card have 90 days of protection against theft and damage.
What Could Be Improved
The only downside to the Bilt World Elite Mastercard® Credit Card is the lack of a sign-up bonus. However, considering it’s a no-annual-fee card that earns rewards for paying rent, it’s a tradeoff many may find acceptable.
Alternatives
If you’re looking for alternatives to the Bilt World Elite Mastercard® Credit Card, be sure to check out our detailed reviews on other travel rewards cards.
TIME Stamp: A Solid Choice for Renters
In conclusion, the Bilt World Elite Mastercard® Credit Card is a valuable addition to your wallet, especially if you’re a renter. With its unique feature of earning travel rewards for paying rent without any fees, it sets itself apart from other cards in the market. And even if you’re not a renter, the card’s rewards program, lack of an annual fee, and impressive transfer partners make it a compelling choice for various individuals.
Frequently Asked Questions (FAQs)
Is it easy to get approved for the Bilt World Elite Mastercard® Credit Card?
- The Bilt World Elite Mastercard® Credit Card requires good to excellent credit for approval. If you’re still new to credit, it’s recommended to build your credit history and score before applying.
Does the Bilt World Elite Mastercard® Credit Card help your credit score?
- Yes, the card can help your credit score as on-time payments are reported to the credit bureaus. Payment history accounts for 35% of your FICO credit score.
Can I use the Bilt World Elite Mastercard® Credit Card to pay rent?
- Absolutely! You can pay your rent using the Bilt World Elite Mastercard® Credit Card and earn rewards every time.
Can I pay my mortgage with the Bilt World Elite Mastercard® Credit Card?
- Unfortunately, it’s not possible to pay your mortgage with the Bilt World Elite Mastercard® Credit Card.