How Much Are Bilt Rewards Points Worth?

ByDoug Milnes, CFA

Updated: March 20, 2024

Edited byErika Hearthway
Reviewed byBrett Holzhauer, CPFC
ByDoug Milnes, CFA

Updated: March 20, 2024

Edited byErika Hearthway
Reviewed byBrett Holzhauer, CPFC

Advertising & Editorial Disclosure

Wells Fargo, the issuer of the Bilt World Elite Mastercard, runs the Bilt Rewards program. Cardholders can earn points in various ways and can choose from several redemption options. The value you receive for your points may vary from less than 1 cent per point to upward of 2 cents per point, depending on how you use them.

Travelers who hold the Bilt World Elite Mastercard can usually expect to receive a value of 1.65 cents to 2 cents per point by transferring their points to some of the program’s airline and hotel partners. Travelers get a value of 1.25 cents per point through the Bilt Travel Portal. If you use your Bilt points to pay rent, you get a value of just 0.55 cents per point.

MoneyGeek’s Takeaways

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If you transfer Bilt Rewards points to the program's travel partners, you may get a value of 1.65 to 2 cents per point.

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Redeeming Bilt Rewards points for travel through the Bilt Travel Portal gives you a value of 1.25 cents per point.

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Using your Bilt Rewards points to pay rent comes with a fairly poor value of 0.55 cents per point.

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How Much Are Bilt Rewards Points Worth?

The Bilt Rewards program does fairly well compared to rewards programs run by other popular credit card issuers. Two programs that come close include the American Express Membership Rewards program and the Chase Ultimate Rewards program — in part because, like the Bilt Rewards program, both let you transfer your points to various travel partners.

Value of Bilt Rewards Points Compared to Other Rewards Programs
Credit Card Issuer
Average Value

Bilt (Wells Fargo)

1.65 cents to 2 cents per point

American Express

0.5 cents to 2 cents per point

Chase

1 cent to 1.5 cents per point

Capital One

0.5 cents to 1 cent per mile

Citi

0.5 cents to 1 cent per point

Bank of America

0.6 cents to 1 cent per point

Discover

1 cent per mile

How to Earn Bilt Points

What sets the Bilt Rewards program apart from most competitors is that it lets you earn points on your rent payments if you have the Bilt World Elite Mastercard. People who have this card also stand to earn points through category-based spending. For example, making travel and dining purchases with your credit card helps you earn points faster.

That said, it's good to keep in mind that you need to make at least five transactions on your Bilt World Elite Mastercard each statement period to earn points. As you move from one Bilt membership level to the next, you stand to earn bonus points, such as on new leases or renewals.

Paying Rent via The Bilt Rewards App

You may use the Bilt Rewards app to pay rent and save on card transaction fees even if the property where you stay only accepts checks. When you use the Bilt Mastercard to pay your rent, you earn reward points even if you don’t reside in a Bilt Rewards Alliance property. Using the Bilt credit card to pay rent allows you to earn 1X points per dollar, up to 50,000 points every calendar year.

Pay Your Rent Online

Using the Bilt Rewards app to pay rent is fairly simple.

1
Log in to your account.
2
Go to the Pay Rent section.
3
Select "Make a payment" followed by "Pay Now."
4
Choose between making a full or partial payment.
5
Check details on the Review & Pay page.
6
Select "Pay Now" to complete the process.

Pay Your Rent With Autopay

If you wish to set up autopay:

1
Log in to your account.
2
Go to the Pay Rent section.
3
Select "Set up autopay."
4
Review the details and select "Next."
5
On the confirmation screen, select "OK."
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EXPERT TIP:

If you’re a renter, the Bilt Rewards credit card is a solid choice to consider. The points are extremely valuable since you can transfer them to travel partners and even save them to use for a down payment on a home.
Brett Holzhauer, contributing expert for MoneyGeek

Using the Bilt Rewards Card

The Bilt Mastercard gives cardholders the opportunity to earn points faster through a couple of bonus categories. You earn points on all other purchases as well.

  • Dining: Get 3X points per dollar at restaurants, fast food joints, bars, pubs and bakeries.
  • Travel: Get 2X points on purchases made directly with airlines, cruise lines, car rental agencies, resorts, hotels and motels.
  • Rent: Get 1X points per dollar on rent payments (without transaction fees), up to a maximum of 50,000 points per calendar year.
  • Others: Purchases that don’t fall under any bonus category earn 1X points per dollar.

When you make purchases on Rent Day (the first of the month), you earn double the points. This applies to all categories except rent. So, you get 6X points per dollar on dining, 4X points per dollar on travel and 2X points per dollar on all other purchases.

How to Redeem Bilt Points

When it comes to how to redeem Bilt Rewards points, you have a few different options. These include using them for travel, shopping, paying your rent, making a down payment and booking fitness classes.

Pay Rent With Points

You may use your Bilt Rewards points to pay your rent or save them to help pay for a down payment toward a new home at a later stage. However, using your points to cover rent payments is the least favorable redemption method, as it gives you a value of 0.55 cents per point. Silver, Gold and Platinum members stand to receive slightly better value when they save their points for a down payment because they earn interest on the points they save.

Transfer Points to Bilt Travel Partners

How much Bilt Rewards points are worth when transferred to the program's airline or hotel partners depends on multiple factors. For example, using your transferred points to travel economy or first class with the same airline partner might fetch different values. On average, you can expect to get a value of 1.65 cents to 2 cents per point through Bilt Rewards transfer partners. In some cases, you may even get a value of over 5 cents per point.

Compared to other credit card rewards programs that let you transfer points to travel partners, the Bilt Rewards program manages to hold its own rather well. However, you need to remember that the value of your points through this redemption method depends on the transfer partner you select, your fare type and travel dates.

Transfers to all Bilt Rewards transfer partners take place at a 1:1 ratio.

How Bilt Points Transfer Value Compares to Other Credit Cards
Credit Card Issuer
Average Value

Bilt

1.65 cents to 2 cents per point

American Express

1 cent to 2 cents per point

Chase

1 cent to 2 cents per point

Capital One

1 cent to 2 cents per mile

Citi

1 cent to 2 cents per point

Bank of America

Does not have transfer partners

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MONEYGEEK EXPERT TIP

To transfer your points to any of the program's travel partners, you first need to log in to your Bilt account. Then, head to the rewards section and select the option to transfer your points. Choose an airline or hotel loyalty program and link it to your Bilt account. Next, enter the number of points you want to transfer. Then, complete the transfer.

A few of the program's popular transfer partners include Emirates Skywards, Air France/KLM Flying Blue, American Airlines AAdvantage, Cathay Pacific Asia Miles, Virgin Atlantic Flying Club and World of Hyatt.

Some other good credit cards that let you transfer your points/miles to travel partners and get good value in the process include the Capital One Venture X Credit Card and the Platinum Card from American Express.

How Much Are Bilt Points Worth for Cash Back?

You cannot redeem Bilt Rewards points for cash back, either as a statement credit or a deposit into a checking/savings account.

Bilt Points Cash Back Value Compared to Other Credit Cards
Credit Card Issuer
Average Value

Bilt

N/A

American Express

0.6 cents per point

Bank of America

0.6 cents to 1 cent per point

Chase

1 cent per point

Capital One

0.5 cents per mile

Citi

0.5 cents to 1 cent per point (depending on the card you have)

Discover

1 cent per mile

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BEST CASH BACK CREDIT CARDS

The no-annual-fee Wells Fargo Active Cash Card lets you earn unlimited 2% cash back on all purchases. Spending $1,000 on purchases in the first three months comes with a $200 cash rewards bonus. An introductory 0% APR offer applies on purchases and balance transfers for the first 15 months. Cardholders may also benefit from the supplemental cellphone protection (subject to a $25 deductible) that can be used once they use all other applicable insurance policies.

About Bilt Rewards

Wells Fargo runs the Bilt Rewards program for people who use the Bilt Mastercard. One of the distinct Bilt Rewards benefits is that this program lets you earn points on rent payments. In addition, you may use the Bilt app to make rent payments using a credit card without incurring card transaction fees, even if your property does not accept credit card payments. In such a scenario, Bilt sends a check to your property manager on your behalf.

The Bilt Mastercard gives you the opportunity to earn points faster when you spend on dining and travel purchases. There are a few different ways to redeem your points, and the value you receive varies depending on the method you select. Your points are typically worth the most when transferred to a partner airline or hotel loyalty program.

One of the drawbacks of this program is that you cannot redeem the points you earn as cash back.

Bilt Elite Status Tiers

The Bilt Rewards program has four membership levels. These include Blue, Silver, Gold and Platinum. To move from one tier to the next, you need to earn a minimum number of points each year. Silver-, Gold- and Platinum-level members can earn interest on the points they save.

1
Blue

All members start at this level. Benefits include being able to transfer your points to travel partners, getting to build your credit history by making timely rent payments and having access to the Bilt Collection, a members-only online store.

2
Silver

You need to earn 25,000 points per year to reach the Silver level. Members at this tier get a bonus of 10% on lease incentive points if they reside at participating properties.

3
Gold

You achieve Gold status by earning 50,000 points per year. You get a bonus of 25% on lease incentive points if you live at a participating property. You also get access to Homeownership Concierge.

4
Platinum

Getting to this level requires earning 100,000 points per year. In addition to Gold level benefits, you get a bonus of 25% on lease incentive points if you stay at a participating property and a gift from the Bilt Collection.

How We Determined the Value of Bilt Rewards Points

MoneyGeek experts have taken a close look at how the value of Bilt Rewards Points changes based on different redemption methods. They have also carried out in-depth market research to determine the worth of your points.

Other Questions You May Have About Bilt Rewards

Take a look at other commonly asked questions about the Bilt Mastercard, the Bilt Rewards program and how to use Bilt Rewards points to determine if earning Bilt points might be worth your while.

What credit bureaus does Bilt use?
What credit score is needed for the Bilt Mastercard?
Can I use Bilt points to buy something else?
Can I convert my Bilt Rewards points to cash?
Can I transfer my Bilt Rewards points?
Are there any additional fees when transferring points to transfer partners?
When do my Bilt Rewards points expire?

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About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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