You Can Finally Earn Credit Card Rewards by Paying Rent

You may be sick of high rental prices, but at least now you can get rewarded for paying your rent.

---

Key points

• Many renters pay a high rent price and don’t earn rewards when they send out their monthly checks.
• With the Bilt Mastercard®, you can earn rewards every time you pay your rent.
• You can also boost your credit score by paying your rent on time.

---

Many renters pay a high price for their homes. Until recently, earning rewards for paying your rent with a credit card was difficult. However, it’s now possible to earn rewards when making your monthly rental payment as long as you have the right credit card in your wallet.

Introducing the Bilt Mastercard®

For many people, paying rent is their highest monthly expense and eats up a large chunk of their budget. If you’re paying $1,500 a month for your apartment, you’re paying $18,000 a year on housing costs — which is a lot of money.

What if you could earn rewards on all that money you’re spending? Well, now you can. The Bilt Mastercard® is for tenants who want to be rewarded. You can earn rewards by using your card to pay your rent.

There’s no annual fee to use this card and no transaction fees when using your card to pay rent. You also won’t be charged foreign transaction fees when using your card for international purchases — so you can use this card when traveling abroad.

You can earn rewards with this credit card in the following ways:

• You’ll earn 1 point per $1 on rent (up to 50,000 points each calendar year)
• You’ll earn 2 points per $1 on eligible travel purchases
• You’ll earn 3 points per $1 on eligible dining purchases
• You’ll earn 1 point per $1 on other purchases made with your card

On the first of each month, you can earn double points on everything except rent.

It’s worth noting that cardholders must have at least five posted transactions each statement period to earn rewards. Make sure to do this to avoid missing out on points.

If your rental property only accepts checks, that’s okay. You can use your Bilt Mastercard® to pay your rent through the Bilt Rewards app, and a check will be sent on your behalf.

This card also includes valuable benefits like travel cancellation and interruption protection, trip delay reimbursement, auto rental collision damage protection, cellphone protection, and theft and damage protection. Extra credit card perks like this can improve your life.

How to put your Bilt Rewards points to use

The Bilt Mastercard® is part of the Bilt Rewards program. Points can be redeemed for travel, workout classes, or shopping. You can book travel through the Bilt Travel Portal or transfer your points to one of several hotel and airline partners at a 1:1 ratio.

Another option is to use your rewards to pay your rent or use your points toward a down payment when you’re ready to become a homeowner. You can apply Bilt Rewards points toward funding your home at a rate of up to $0.015 each.

For many people considering homeownership, coming up with a house down payment is a huge financial hurdle. This card could help you reach your property ownership goals sooner.

Boost your credit score by paying your rent on time

By using your Bilt Mastercard®, you can earn points when paying rent on any rental property. But if you happen to be renting at a property that is part of the Bilt Rewards Alliance (2 million+ rental properties across the country), you can boost your credit score by paying rent.

You can have your monthly rental payments reported to all three credit bureaus. Making on-time rental payments can help you build your credit and increase your credit score. Having a solid credit history and a good credit score can set you up for financial success, so this is a big win.

If you pay a significant amount of money on rent, you may consider using the Bilt Mastercard® to earn rewards every time you make your monthly rental payment.

If this isn’t the right card for you, plenty of other rewards credit cards are available that offer the chance to earn rewards. Review our list of best credit cards to find your next credit card.