Credit Card News
Bilt Rewards Announces Rent Day Offers, Increased Earning Rates
Six months ago, the Bilt Mastercard became available to more consumers after Wells Fargo came aboard to issue the card. Since then, the unique rewards card has continued to expand its offerings, including debuting its own travel portal and adding travel transfer partners. Now, Bilt has unveiled its Rent Day promotion, that will bring new benefits and perks to cardholders.
The Bilt Mastercard is a rewards credit card that, most notably, rewards customers for one of their largest monthly expenses: rent. When cardholders pay rent using the card, they’ll earn 1 point per dollar spent, up to 50,000 points per year. Moreover, using Bilt’s platform, customers can avoid fees typically associated with paying rent via credit card. In addition to the rent rewards, the card also earns 3x points on dining, 2x on select travel, and 1x on all other purchases.
Continuing the rent theme of the card, Bilt has announced Bilt Rent Day, which will debut on October 1st. As part of this promotion, Bilt Mastercard customers will also be able to earn double rewards (except on rent payments and up to 10,000 bonus points). This means that they can earn 6x on dining, 4x on select travel purchases, and 2x points on all other purchases made on the 1st. What’s more, Bilt suggests that this particular benefit will be offered in subsequent months on Rent Day.
Elsewhere, Bilt Rewards has also partnered with SoulCycle to introduce Soul x Bilt: Rent Day — Bring a Friend on Us. On the first of each month, Bilt members will be able to book a SoulCycle class and bring a friend for free. This offer will be available at more than 50 locations nationwide and reservations will open Mondays at noon Eastern.
Commenting on the idea behind Bilt Rend Day, Bilt Rewards founder and CEO Ankur Jain said, “Rent day is not something that most people look forward to. But our goal at Bilt is to reinvent the experience of paying rent, making the process easier and even enjoyable for our members.”
Jain continued, “In addition to the points Bilt users are already earning by paying rent with Bilt Rewards, Bilt Rent Day will give people even more to look forward to on the first of every month, and we will continue to add new benefits to the program monthly to turn Rent Day into an occasion that can be celebrated.”
Overall, Bilt Rent Day sounds as though it will include some worthwhile perks for Bilt Mastercard customers. In particular, the double points offer could certainly be rewarding. That said, there are some questions about how these benefits will work since transactions might not post right away. This is particularly true for travel bookings. Still, while there may be some kinks to work out, it’s exciting to see that Bilt is continuing its trend of making positive updates to its credit card, making it one of the most interesting new cards on the market.
