Easy methods to Earn Factors By Paying Your Lease

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Nomadic Matt's new Bilt Mastercard
Posted: 11/7/22 | November seventh, 2022

As an avid journey hacker, I’m at all times in search of new methods to earn extra factors and miles via my on a regular basis spending. In consequence, I earn over a million factors yearly, permitting me to get pleasure from all types of free flights and lodge stays, upgrades, lounge entry, elite standing, and extra.

Journey hacking has saved me 1000’s and 1000’s of {dollars} through the years, and I wouldn’t have the ability to journey as a lot with out it.

Nevertheless, there’s historically been one large expense that has at all times been onerous to earn factors for: hire.

For years, journey hackers have taken benefit of short-term affords that waive bank card charges or gone via complicated procedures to pay their hire so they might get factors.

However these maneuvers had been all hit and miss and by no means lasted lengthy. Hundreds of potential factors continued to be left on the desk.

Till now.

Earlier this 12 months, a card known as Bilt got here out. And it has modified the sport.

What’s Bilt?

Bilt credit cardBilt is a bank card that lets you earn factors whenever you pay your hire (in addition to on on a regular basis purchases). You then use these factors such as you would some other rewards program: you need to use them to ebook journey straight, you may switch them to journey companions, or you need to use a number of the different redemption choices.

There are two methods to earn factors with the cardboard: by renting a Bilt Alliance property, or through the use of the Bilt World Elite Mastercard®.

Bilt Alliance properties type a community of two million items throughout the US. However I’m not going to give attention to that. I’m going to speak about its bank card.

How does the Bilt reward card work?

When you open a Bilt Mastercard® (which is issued by Wells Fargo and has no annual payment), you go to the Bilt app or web site to arrange your recurring month-to-month rental funds.

Bilt then creates a singular checking account tied to your Bilt bank card in order that your hire is paid with an e-check somewhat than via your bank card. This checking account is principally a authorized “dummy” account created as a workaround for bank card processing charges. You don’t use it for anything, and you don’t withdraw or deposit cash from it.

At any time when these distinctive routing and account numbers are used to pay hire, your Bilt Mastercard® is charged for a similar quantity. (You continue to have to attach your private checking account to repay the cardboard every month.)

And, in case your property is old-school and solely accepts checks, you may nonetheless pay along with your Bilt card via the Bilt Rewards app, and Bilt will ship a verify in your behalf.

All of it takes about 5 minutes to arrange. While you’re executed, you’ll be incomes factors in your hire. I take advantage of it, so I don’t go away any factors on the desk.


Bilt Reward Perks

As soon as your account is ready up, you’ll begin incomes one level per greenback spent utilizing the Bilt bank card on hire funds, as much as 50,000 factors every calendar 12 months. Whereas the mileage wanted without cost flights varies drastically relying on many components, in case you play your playing cards proper, that many factors might get you a free round-trip flight from New York to London.

And, whereas incomes factors for hire funds is Bilt’s fundamental draw, you’ll additionally earn two factors per greenback spent on journey (when booked straight or via the Bilt Journey portal) and three factors per greenback spent on eating. You’ll get one level per greenback on all different purchases.

Simply observe that you need to make 5 purchases monthly (with no minimal spending requirement) to earn these rewards.

You possibly can switch factors 1:1 to journey companions, together with American Airways, United, Emirates, Hawaiian, Virgin Atlantic, Air Canada, Air France/KLM, Hyatt, and IHG.

The truth that they switch to American Airways and Hyatt actually units this card aside (apart from the hire factor). Nobody transfers to American, so it is a large promoting level for this card, as a result of it’s the one approach to get AA factors with out having an AA card. And incomes Hyatt factors lets you have a manner out of the Chase system.

You may also redeem factors for health courses, like SoulCycle, Solidcore, Rumble, and Y7, and for objects within the Bilt Assortment, a curated choice of artisan residence décor objects. However redeeming for health courses comes out to round one level per cent — you get a greater redemption on journey purchases.

Moreover, purchases additionally enable you earn standing within the Bilt Rewards program, primarily based on the entire factors earned yearly.

The tiers for these Bilt Rewards are as follows (subsequent tiers embody the whole lot within the aforementioned ones):

  • Blue: Earn factors on hire and the power to switch them 1:1 to journey companions
  • Silver (25,000 factors per 12 months): 10% bonus factors whenever you signal a brand new lease or renew your lease, and curiosity in your factors steadiness (on the FDIC printed nationwide financial savings rate of interest)
  • Gold (50,000 factors per 12 months): 25% bonus factors for brand new leases/renewals and entry to a house possession concierge (who will stroll you thru the home-buying course of)
  • Platinum (100,000 factors per 12 months): 50% bonus factors for brand new leases/renewals and a free present from the Bilt Assortment of residence décor objects

Whereas the perks within the greater tiers aren’t terribly thrilling, they’re a pleasant approach to earn much more factors in the event that they apply to you. However, even on the base degree, you may nonetheless reap the benefits of Bilt’s fundamental attraction: incomes factors on hire.

Along with incomes factors, the cardboard additionally provides you:

  • Journey cancellation safety and interruption protection
  • Journey delay reimbursement (for delays of six hours or extra)
  • Automobile rental collision protection
  • Cellphone safety (as much as $800 USD)
  • No overseas transaction charges
  • A free three-month DashPass and $5 USD off your first DoorDash order every month
  • $5 USD Lyft credit score every month after taking three rides that month

Who is that this card for?

This card is suited to anybody who needs to earn factors on their month-to-month hire. When you arrange the net funds (you can too arrange auto-pay) and use your card 5 occasions a month, it’s largely a “set it and overlook it” sort of card. With no annual payment, you don’t have anything to lose and solely factors to achieve.

The cardboard is very geared towards vacationers and restaurant-goers, because it affords 2x factors spent on journey and 3x factors on eating out. It’s greatest paired with different journey bank cards which have higher perks, good welcome bonuses, and better incomes charges, although.

I’ll most likely begin utilizing the Bilt card as an alternative of my Chase Sapphire, as a result of I get quite a lot of Chase factors via enterprise spending, and I’m aiming to fly to Japan subsequent 12 months, so I would like these AA factors (AA is a associate with Japan Airways).


Who is that this card not for?

As with all journey bank card, you shouldn’t get the Bilt card in case you’re already carrying a steadiness or plan to hold a steadiness. Rates of interest for journey bank cards are notoriously excessive, and the Bilt card isn’t any completely different, with hefty APRs of 19–27%. The factors simply aren’t value it in case you’re paying curiosity every month.

This card can also be not for anybody with poor credit score, as you want good or wonderful credit score to qualify.

Moreover, the Bilt card received’t be for anybody in search of one with an enormous welcome bonus (as there may be none), and it does depend towards Chase’s 5/24 rule (you may’t open greater than 5 Chase playing cards inside 24 months). When you’ve already opened 5 Chase playing cards or need to open extra, you would possibly need to skip this one for now.

In sum, if you’re a renter and need to earn factors on this main month-to-month expenditure, then it’s value contemplating the Bilt card. It’s fully free, and simple to arrange, so there’s actually nothing to lose. Even when your hire isn’t significantly excessive, factors are factors, and the Bilt card may very well be a pleasant further useful resource for incomes these coveted factors and miles (particularly in case you fly American Airways, as that is considered one of their solely switch companions).


As the one rewards card that gives factors on hire fully without cost, Bilt is a welcome new participant within the journey area. For my part, it’s actually a no brainer in case you pay hire, so you can begin working towards some free flights and lodge stays!

Click Here to Sign Up for Bilt!


E-book Your Journey: Logistical Suggestions and Tips

E-book Your Flight
Discover a low cost flight through the use of Skyscanner. It’s my favourite search engine as a result of it searches web sites and airways across the globe so that you at all times know no stone is being left unturned.

E-book Your Lodging
You possibly can ebook your hostel with Hostelworld. If you wish to keep someplace aside from a hostel, use Booking.com because it persistently returns the most cost effective charges for guesthouses and accommodations.

Don’t Neglect Journey Insurance coverage
Journey insurance coverage will shield you in opposition to sickness, harm, theft, and cancellations. It’s complete safety in case something goes mistaken. I by no means go on a visit with out it as I’ve had to make use of it many occasions previously. My favourite firms that supply one of the best service and worth are:

Able to E-book Your Journey?
Take a look at my useful resource web page for one of the best firms to make use of whenever you journey. I listing all those I take advantage of after I journey. They’re one of the best at school and you may’t go mistaken utilizing them in your journey.

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