Credit Card Review: Bilt Rewards Mastercard Lets You Earn Points Paying Rent | Personal Finance

This is the only credit card that allows you to pay your rent with no additional fees. Bilt has arrangements with many of the largest property management groups, which own millions of units in the US. But even outside of that group, Bilt and Mastercard have agreed to remit payments to any landlord, without imposing a fee on either party.

You earn one point per dollar spent on rent payments, 2x on travel booked directly with the travel provider and 3x on dining. Reward points can then be transferred to travel partners including American Airlines, Air Canada, Emirates , Air France/KLM Flying Blue, Turkish, Virgin Atlantic , Hawaiian, IHG Hotels and World of Hyatt.

Bilt has just introduced an elite status program that offers benefits such as assistance with home purchases, bonus points for new leases and referrals and interest on accrued points.

Other benefits include cell phone protection, purchase Protection, rental car Insurance, trip cancellation protection and trip delay protection. There’s no annual fee for this card.

For many renters, their rent payment is their largest monthly cost. So the ability to earn rewards on this expense can be incredibly valuable. Also, the Bilt Mastercard’s reward program features one of the most valuable selection of airline and hotel transfer partners offered by any credit card.