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The Bilt World Elite Mastercard® is one of the best credit cards for paying rent as you won’t pay transaction fees, along with a couple of other exciting ways to earn Bilt Points. Additionally, this rewards credit card has several valuable award travel redemption options. It’s now possible to request Bilt Points statement credits to reduce your monthly statement balance.
Can You Use Bilt Points for Statement Credits?
It’s now possible to redeem Bilt Credit Card rewards points as a cash back statement credit. This feature was just released in August 2023 and reduces your monthly statement balance to reduce your out-of-pocket expenses.
This is an exciting announcement as it’s the first way cardholders can request cash back.
Additionally, your points are worth 25% more (1.25 cents) when booking award travel through the Bilt App. You can also transfer your points at a 1:1 ratio to participating airlines and hotels, including American Airlines, Flying Blue, Hawaiian Airlines, and World of Hyatt.
Other redemption options include home loan down payments and home decor merchandise.
The Bilt Foundation
Cardholders and renters may also appreciate supporting rent relief for the financially challenged through The Bilt Foundation. This organization is free and open to everyone needing help paying for rent due to economic hardship.
The goal is to prevent evictions and provide individuals with the chance to gain financial stability after temporary setbacks.
Several factors make it challenging for individuals across the nation to afford rent due to factors such as rising prices, job layoffs, and medical bills. Bilt members and non-members can apply for rent assistance.
Available services include:
- Advice and consulting
- Career training
- Debt reduction
- Financial help
- Legal services
- Relocation services
The foundation may also be able to assist with personalized needs such as finding child care or addressing medical needs.
Rent Free Game Show
The Rent Day promotions occurring on the first day of each month are always an exciting time as you have several ways to earn bonus points. One option is getting double rewards points on qualifying non-rent purchases.
A new initiative that was introduced in the August 2023 Rent Day promotion is the Rent Free virtual game show where you can answer trivia questions. Correct responses can earn rewards points and the chance of getting free rent.
Summary of Bilt Points for Statement Credits
Being able to use your Bilt Points for cash statement credits provides more flexibility to redeem your points for maximum value. You also have the option to redeem your points if you won’t be traveling soon. This is only another reason this is one of the best credit cards for rent.