How Much Are Bilt Rewards Points Worth?

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.

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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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.