Earn Points on Rent and Mortgages with New Bilt 2.0 Cards
Bilt has recently unveiled its updated card portfolio, Bilt 2.0, which introduces exciting opportunities for cardholders to earn points on their rent and mortgage payments. This new system offers a variety of benefits, including a robust points structure, welcome bonuses, and options to utilize Bilt Cash for fee-free payments.
Earn Points on Rent and Mortgages with New Bilt 2.0 Cards
The Bilt 2.0 lineup consists of three distinct cards, each with unique features designed to enhance the rewards experience. Here are the newly confirmed details about the Bilt card offerings:
- Bilt Blue Card
- Annual Fee: $0
- Welcome Bonus: $100 in Bilt Cash upon approval
- Earn 5 Bilt Rewards points per dollar on all purchases for the first five days (up to 50,000 points)
- Earn 1 point per dollar on everyday spending and up to 1 point per dollar on housing payments
- Bilt Obsidian Card
- Annual Fee: $95
- Welcome Bonus: $200 in Bilt Cash upon approval
- Earn 5 points per dollar on all purchases for the first five days (up to 50,000 points)
- Earn up to 3 points per dollar on dining or grocery purchases
- Bilt Palladium Card
- Annual Fee: $495
- Welcome Bonus: 50,000 Bilt points plus Gold elite status for spending $4,000 in first three months
- Earn 2 points per dollar on everyday spending
- Eligible for additional Bilt Cash and travel portal credits
The Bilt Palladium Card stands out, especially for serious spenders, as it allows users to earn unlimited points on all purchases while providing additional bonuses for timely spending. Bilt’s transformative approach now includes earning points on housing payments, benefitting both renters and homeowners.
Using Bilt Cash for Fee-Free Payments
With the introduction of Bilt Cash, cardholders can minimize transaction fees on rent and mortgage payments. Here’s how it works:
- Earn 4% Bilt Cash on everyday spending.
- Utilize Bilt Cash to unlock the ability to earn points on housing payments.
- Every $30 in Bilt Cash allows users to earn 1 point per dollar on $1,000 in housing payments.
This system supports cardholders in maximizing their rewards while maintaining a fee-free structure for essential housing expenses.
Potential Earning Scenarios
Two examples illustrate how Bilt Cash can benefit users:
- Scenario 1: $750 in everyday purchases leads to $30 in Bilt Cash. This allows earning points on $1,000 of a $2,000 rent payment.
- Scenario 2: $1,500 in purchases generates $60 in Bilt Cash, enabling points to be earned on the full $2,000 rent payment.
Users can also choose to automatically apply their Bilt Cash to maximize points without incurring fees.
Conclusion
Bilt 2.0 introduces a wealth of opportunities for cardholders to earn points on essential expenses, particularly rentals and mortgages. Assessing individual spending habits will determine which Bilt card suits each user best. As card members integrate these new offerings, significant rewards and points accumulation await, paving the way for a more rewarding experience with Bilt’s ecosystem.
