The Ultimate Bilt Rent Day Guide – May 2024

Advertiser Disclosure

The Bilt Mastercard makes paying rent rewarding with 1X points per dollar earned on rent payments (up to $100,000 in payments per year). But Bilt’s Rent Day promotion, on the 1st of each month, makes this top credit card doubly rewarding. Here’s all you need to know about Bilt Rent Day for May 2024.

Table of Contents

At a Glance

You can earn double points per dollar on all purchases (excluding rent). Here’s the breakdown (all points are per $1 spent):

  • 11X Bilt points on Bilt Dining
  • 6X Bilt points on dining
  • 4X Bilt points on travel (flights, hotels, and car rentals)
  • 2X Bilt points on other purchases (excluding rent)
Other ways to earn include:

  • Point Quest™ trivia lets you earn Bilt points for answering questions.
  • The Rent Free game shows lets 1,000 Bilt Rewards members enjoy free rent by answering questions.
  • Rent Day Rides: Bilt Rewards members can book SoulCycle classes and receive a complimentary bike for a friend.
Rent Day is limited to 10,000 bonus points each Rent Day. You must use the Bilt Mastercard five (5) times each statement period to earn points.

What Is Bilt Rent Day?

On the first of every month, Bilt Members can maximize their earnings and rewards in various ways as part of Bilt’s Rent Day Offers.

You must be a Bilt Rewards member to participate in Bilt Rent Day. Rewards members can participate in Rent Day by opening the Bilt app (available on Android and Apple devices) and clicking the “Rent Day” tab. Although the Bilt Rewards program is open to anyone with the card, it’s most useful if you rent an apartment or house (which is part of the card’s main appeal).

Bilt Mastercard

Bilt Mastercard
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent / Good
Mastercard Processing Network
None Annual Fee

Bilt Mastercard

  • 21.49%, 24.49%, or 29.49% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 21.49%, 24.49%, or 29.49% variable based on creditworthiness and the Prime Rate Balance Transfer APR
  • 29.24% variable based on the Prime Rate Cash Advance APR

At a Glance

The Bilt World Elite Mastercard is a unique rewards credit card from Wells Fargo that lets users earn 1X on monthly rent payments, 3X on travel, 2X on dining, and offers impressive perks including Lyft and DoorDash statement credits – all for no annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • No annual fee
  • No foreign transaction fees
  • Earn 1X points on rent payments (up to 50,000 points each calendar year)
  • Earn 2X points on travel
  • Earn 3X points on dining
  • Regular Purchase APR: 21.49%, 24.49%, or 29.49% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 21.49%, 24.49%, or 29.49% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5
  • Cash Advance APR: 29.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each advance, whichever is greater
  • Late Payment Penalty Fee: Up to $40
  • You rent and want to earn rewards on your monthly rental payments
  • You're a member of Bilt Rewards
  • You don’t want to pay an annual fee

Upcoming Month Rent Day Specials

So, what does Bilt have in store for members during this month’s Rent Day? How about access to exclusive fitness benefits like free classes and the Rent Free gameshow? Oh, and did we mention the redeem for rent, get 100% back for the Bilt Home Collection promotion?

Redeem for Rent Bonus

Now, through the 1st, for every Bilt Point you redeem for rent, you’ll receive the same number of bonus points to use in the Bilt Home Collection.

Discover member favorites and handpicked additions to give your home the spring refresh it’s craving.

To redeem your points for a rent credit, go to the Pay Rent tab or click below. You’ll instantly receive your credit for the collection!

How it works:

  1. Redeem points for rent credit.
  2. Receive equivalent points back as credit to spend in The Collection.
  3. Rent credits will be automatically applied to your next rent payment.
  4. Spend your collection points in The Collection.

Bilt Rent Day Rides

Bilt partners with SoulCycle for Rent Day for a unique “Bilt X SoulCycle” mashup. On the first of the month, all Bilt Rewards members can book a class and receive a complimentary bike for a friend on Bilt. SoulCycle rides start at 2,600 Bilt Points or you can earn 10X Bilt Points when you book through the Bilt app.

Home Capsule

Bilt Cardholders can redeem their Bilt Rewards points for specially curated items in Bilt’s catalog. For May, Bilt is expanding that catalog to include special Home Capsules.

Bilt has a specially curated capsule, perfect for self-indulgence or gifting, and featuring anything and everything you might expect to help enhance your home life, including stationary, headphones, duffle bags,  grooming supplies, lamps, electronics, and more.

Rent Free Gameshow

There are few greater prizes in life than avoiding payments on housing. It can be a reality thanks to Bilt Rewards’ game show called “Rent Free.” In this show, Bilt will cover the rent for as many as ten lucky winners for a whole month. Here’s how it works: Bilt asked 1,000 of their members some questions, and their answers will be used to create the game – very much like the classic TV gameshow, “Family Feud.” 

For this month, Bilt has “leveled up” the Rent Free game, making it more rewarding for more members. Join guest host Tinashe to see if you can be one of 600 winners this month!

Double Points with the Bilt Mastercard

As mentioned, Bilt Rent Day is extra rewarding if you have the Bilt Mastercard credit card.

That’s because Bilt cardholders earn double the points on all purchases (excluding rent payments). The Bilt credit card earns an impressive 3X points per dollar on dining, 2X on travel, and 1X on all other purchases, meaning you’d earn the following on the first of each month:

Category Earning rate Rent Day rate
Rent 1X (on up to $50,000 per year) 1X
Dining 3X 6X
Travel 2X 4X
All other purchases 1X 2X

You’ll get even more points if you use Bilt Dining for dining out or eating at home. The Bilt Dining program allows Bilt Rewards members to earn points on select dining purchases – regardless of the credit card used to pay. Bilt Dining was made possible by adding a Bilt Wallet to the company’s mobile app. Bilt members can earn up to 11X points per $1 spent when combining “Rent Day” and the Bilt Mastercard:

Action Rewards Total Points
Eating at an eligible Bilt Dining restaurant 5X per $1 5
Paying with the Bilt Mastercard 3X per $1 3
“Rent Day” bonus Additional 2X on all purchases* 6
11X per $1
*Bilt Dining not eligible for “Rent Day”

Point Quest

The Points Quest trivia game lets you earn bonus Bilt Points that you can redeem towards travel, fitness classes, rent credits, and more. Members can access the game through the Bilt app on the first of every month and answer questions. For every correct answer, you’ll instantly earn bonus Bilt Points. Answer five questions, and you’ll earn yourself 150 Bilt points, with a sixth correct answer earning you a bonus of 100 points.

Does Bilt Make It Easier to Pay Rent?

The Bilt Mastercard makes paying rent a breeze if your rental property is managed by the Blackstone Group – the U.S.’s largest real estate group. But what if Blackstone doesn’t manage your apartment? Are you out of luck?

Fortunately, the answer is you can pay rent to any landlord with Bilt. How? If your apartment doesn’t accept credit cards or you rent outside the Bilt Rewards Alliance of landlords, simply make your payment through Bilt’s mobile app, and Bilt will mail a physical check to your landlord. This process ensures your rent is paid in a streamlined manner while still earning double rewards points.

Just make sure that you pay your rent through the Bilt mobile app. Paying through the app allows you to earn a single rewards point per $1 spent on rent paid, up to 50,000 annual points. Even better, paying through the app means you’ll pay no transaction fees. The Bilt Alliance typically charges a transaction fee of 3% for rent payments made through the mobile app, meaning Bilt provides even more value for no annual fee.

Why Pay Your Rent with a Credit Card?

What benefit does an individual get from paying their rent with a credit card? By paying with their Bilt Mastercard, users can build their credit twice as fast as normal. In addition, because Bilt reports monthly to the major credit bureaus (Experian, Equifax, and TransUnion), cardholders can raise their credit score simply by paying their rent on time.

And because landlords can report on-time rental payments to credit bureaus, cardholders can have their on-time rental payments count twice towards their credit score. Simply ask your landlord to report your rental payments to the credit bureaus through services like RentReportersLevelCredit, or others.

What’s Next?

The Bilt Mastercard is an intriguing take on the rewards credit card. Beyond the ability to earn rewards on rent, Bilt makes maximizing tour bonus points a breeze, with Rent Day an excellent example. To see if the Bilt Mastercard might be suitable for your needs, check out our comprehensive Bilt Mastercard review.

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About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

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