8 Things to Know About the Bilt Rewards Mastercard

The Bilt Rewards Mastercard: Revolutionising the Renting Experience

As the world of finance continues to evolve, credit cards are expanding into new territory, offering not only abilities to earn valuable points and cash backs, but also to own real estate. The Bilt Rewards Mastercard is a unique credit card that allows you to earn points towards your future home. This is the first card of its kind, created specifically for renters. In this article, we will guide you through all you need to know about the Bilt Rewards Mastercard, how it works and whether it’s the right choice for you.

Key takeaways:

  • Ductory bonus and points redemption
  • Rent payment without fee
  • Earning points on other expenses
  • Elite travel benefits
  • Points pool sharing feature
  • Points expiration policy
  • No foreign transaction fee

Ductory Bonus and Points Redemption

New cardholders of the Bilt Rewards Mastercard are entitled to an outstanding ductory bonus. Once you spend a certain amount during the first three months, you will be rewarded with a bonus which can be redeemable on Bilt’s platform. There are versatile redemption options for you to choose from, including supporting your rent payments, transferring the points to any of the Bilt Rewards’ travel partners or even towards your future home purchase.

Rent Payment Without Fee

Unlike other cards, the Bilt Rewards Mastercard allows you to pay your rent without any foreign transaction fees or annual fees. This is possibly the most appealing feature of this card, as it can translate to a significant saving over time. Plus, you can also earn points for every pound spent on rent payment.

Earning Points on Other Expenses

In addition to rent payments, Bilt Rewards Mastercard holders can earn points on a slew of everyday expenses like dining, groceries, and other general purchases. The cardholders can simply use the card to pay for these expenses and accumulate additional points towards their future home or other redemptions.

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Elite Travel Benefits

With the Bilt Rewards Mastercard, not only do you get to earn points on rent and other daily expenses, but you are also thrust into an elite group that enjoys exclusive travel benefits. These benefits include automatic Silver Elite status with various hotel partnerships, as well as access to Mastercard’s luxury travel services.

Points Pool Sharing Feature

The Bilt Rewards Mastercard encourages members to join forces to achieve their goal of owning homes. The points pool sharing feature allows family and friends to combine their earned points, significantly expediting the process towards home ownership.

Points Expiration Policy

Accumulated Bilt points do not expire as long as you remain an active member, giving you ample time to save for your dream home. Even if you are not ready to buy a home yet, you can still redeem your points against rent payments or transfers to travel partners.

No Foreign Transaction Fee

For jet setters, the Bilt Rewards Mastercard offers the benefit of no foreign transaction fees. This feature can save you a significant amount when you travel abroad, making it not only a great card for domestic use but international use as well.

FAQs

1. Is there an annual fee for the Bilt Rewards Mastercard?
No, the Bilt Rewards Mastercard comes without an annual fee.

2. How can I earn points with this card?
You can earn points by paying your rent, everyday expenses such as groceries and dining out.

3. How can I redeem points from the Bilt Rewards Mastercard?
You can redeem your points towards your rent payments, transfers points to any of the Bilt Rewards’ travel partners or even towards your future home purchase.

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4. How does the point pool sharing feature work?
The point pool sharing feature allows family and friends to combine their earned points towards a common goal.

5. Do the Bilt points expire?
No, your points do not expire as long as you remain an active cardholder.

6. Will I be charged for making foreign transactions?
No, the Bilt Rewards Mastercard does not charge you for foreign transactions.
In conclusion, the Bilt Rewards Mastercard is a revolution in rental and home ownership. With its many unique features and benefits, it is a credit card well worth considering for renters looking to make the most of every pound spent.

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