Save Money on Rent With This Credit Card
Rent is arguably the largest monthly fixed expense for most of us. This is why I used to pay it using a credit card whenever I needed to make large purchases to hit the minimum spend for a welcome bonus.
This was possible through a service I used called plastiq. However, they used to charge me a 2.85% fee, which is pretty high. But, I no longer need to use them as there is a new credit card specifically for paying rent.
I would like to introduce you to the Bilt Mastercard. This is a game changer because this new credit card will allow you to pay directly to your landlord without paying any transaction fees. In addition, you earn reward points for paying with the card (more on that later).
Did I mention that this credit card has a $0 annual fee? How great is that?
Anyway, the process is very easy. You just pay rent using the Bilt Mastercard and they send a check to your landlord on your behalf if they are not part of the Bilt alliance program.
Let’s take a look at the benefits of owning this credit card, shall we?
1. Earnings
Looking at these rewards, I have to say that they are pretty competitive for a no-annual-fee card. However, there is a catch to earning these points.
You must make a minimum of five purchases a month in order to qualify for these point rewards. That means you'll have to use this card for other purposes in addition to rent.
2. Point Redemption
Similarly to other credit cards, you can redeem your points in a variety of ways. My three favorite ways are by redeeming it towards your future rent, towards a house down payment, or you can transfer it to transfer partners for flights and hotels.
I personally always recommend transferring it to travel partners for outsized value.
Transfer partners include: American Airlines, Air Canada Aeroplan, Hawaiian Airlines, Virgin Atlantic, Turkish Airlines, Air France/KLM, Emirates, United, Hyatt, and IHG.
3. Benefits & Protections
The Bilt Mastercard is a world elite mastercard, which means it comes with the following benefits:
- Cell phone protection
- Auto rental collision damage waiver
- Trip cancellation/interruption protection
- Trip delay reimbursement
Conclusion
The Bilt credit card is here to make paying rent profitable. If you are the one responsible for making rent payments in your household, then this card is a must for you. You might as well collect some reward points that you can use later on for a vacation or a fancy hotel stay.
If you want to learn more about the card and whether you should get it, then check out the video below for more details.
Have a great week!
Muhamed
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