Bilt Credit Card Review: Is It Worth It?

If you’re looking for a new credit card, you might be considering the Bilt Credit Card. But before you apply, it’s important to understand what this card offers and whether it’s the right choice for you. In this comprehensive review, we’ll cover everything you need to know about the Bilt Credit Card, from its approval odds to its rewards program and more.

What is Bilt Credit Card?

The Bilt Credit Card is a new credit card offered by Bilt Rewards, a company owned by Kairos, a technology firm. The Bilt Credit Card is designed to help users improve their credit scores, provide rewards and benefits, and ultimately achieve financial freedom. The card is backed by Mastercard, which means it can be used globally, wherever Mastercard is accepted.

Bilt Rewards Credit Card

The Bilt Credit Card is also known as the Bilt Rewards Credit Card, as it offers a rewards program that allows you to earn points that can be redeemed for statement credits. Specifically, you can earn 1 Bilt Rewards point for every $1 you spend on the card, and those points can be redeemed for statement credits that can be applied to your rent or mortgage payments.

Here are some of the key features of the Bilt Rewards Credit Card:

1. Rewards program: The Bilt Rewards Credit Card offers up to 2X points per dollar spent on eligible purchases, including rent payments. Users can redeem their points for a variety of rewards, including gift cards, travel, merchandise, and more.
2. No annual fee: The Bilt Rewards Credit Card does not charge an annual fee, making it a great option for those looking to earn rewards without having to pay extra fees.
3. Credit-building benefits: The Bilt Rewards Credit Card reports to all three major credit bureaus, which can help users build credit over time. Additionally, users can link their rent payments to their Bilt account, which can also help build credit.
4. Mobile app: Bilt has a mobile app that allows users to manage their accounts, view their rewards, and make payments on the go.
5. Security features: The Bilt Rewards Credit Card has a variety of security features, including chip technology, fraud monitoring, and zero liability protection.
6. Additional perks: The Bilt Rewards Credit Card also offers additional perks, such as travel accident insurance, extended warranty coverage, and purchase protection.

Overall, the Bilt Rewards Credit Card is a great option for renters who want to earn rewards on their everyday spending and build credit at the same time. With its competitive rewards program, no annual fee, and credit-building benefits, the Bilt Rewards Credit Card is worth considering.

Bilt Credit Card Reviews

The Bilt Credit Card has received mixed reviews from users and experts. Some users praise the card’s unique features, easy approval process, and lack of an annual fee. However, others criticize the limited rewards program and the cashback rewards limit. Here are some reviews from popular credit card review websites:

• Credit Karma: 4.4/5
• WalletHub: 4.1/5
• NerdWallet: 3.9/5

Features of the Bilt Credit Card

Cashback Rewards

One of the most significant features of the Bilt Credit Card is the cashback rewards program. Users earn 1% cash back on all purchases made using the card. In addition, users can earn up to 3% cash back on purchases made through the Bilt Rewards app. The app offers deals on travel, dining, and shopping, allowing users to earn cashback rewards on their purchases.

Credit Score Monitoring

The Bilt Credit Card offers credit score monitoring, allowing users to track their credit score and receive alerts when their credit score changes. This feature is crucial for individuals looking to improve their credit scores and maintain good credit standing.

No Annual Fee

Unlike most credit cards, the Bilt Credit Card does not charge an annual fee. This makes it an excellent choice for individuals looking to save money on credit card fees.

Easy Approval Process

The Bilt Credit Card has a straightforward application process, and users can receive pre-approval in as little as 60 seconds. In addition, the card has relatively low approval requirements, making it accessible to individuals with fair credit scores.

Bilt Rewards Program

The Bilt Credit Card is part of the Bilt Rewards program, which offers additional rewards and benefits to users. Users can earn rewards points by paying their rent or mortgage through the Bilt Rewards program. The rewards points can be redeemed for travel, dining, and shopping deals.

Benefits of the Bilt Credit Card

No Annual Fee

The lack of an annual fee is a significant benefit of the Bilt Credit Card. Users can save money on credit card fees and use the extra cash to pay down their balances or save for a down payment on a home.

Cashback Rewards

The cashback rewards program is another significant benefit of the Bilt Credit Card. Users can earn cashback on all purchases, allowing them to save money on everyday expenses.

Credit Score Monitoring

The credit score monitoring feature is a crucial benefit of the Bilt Credit Card. Users can track their credit scores and receive alerts when their credit score changes. This feature is essential for individuals looking to improve their credit scores and maintain good credit standing.

Easy Approval Process

The easy approval process is another significant benefit of the Bilt Credit Card. Users can receive pre-approval in as little as 60 seconds, making it an excellent choice for individuals with fair credit scores.

Drawbacks of the Bilt Credit Card

Limited Rewards Program

The rewards program is limited, and users can only earn rewards points by paying their rent or mortgage through the Bilt Rewards program. This may limit the card’s appeal to individuals who do not rent or own a home.

Cashback Rewards Limit

The cashback rewards program has a limit of $1,000 per month, which may not be enough for users who use their credit cards frequently.

How to Apply for the Bilt Credit Card?

The application process for the Bilt Credit Card is straightforward, and interested individuals can apply online. Here are the steps to follow:

• Go to the Bilt Rewards website and click on the “Credit Card” tab.
• Click on the “Apply Now” button to start the application process.
• Fill in the required personal and financial information, including your name, address, income, and social security number.
• Submit your application and wait for a response.

If you are approved, you will receive your Bilt Credit Card in the mail within 7-10 business days.

Bilt Credit Card Approval Odds

One of the first questions you might have about the Bilt Credit Card is whether you’re likely to be approved for it. While credit card approval is never a sure thing, some factors can increase your odds of being approved. For example, having a good credit score, a stable income, and a low debt-to-income ratio can all work in your favour.

However, it’s worth noting that the Bilt Credit Card is designed for renters, so if you own a home, you might not be the ideal candidate. Additionally, the card is only available in select markets, so you’ll need to check whether it’s offered in your area.

Bilt Credit Card Pre Approval

If you’re interested in the Bilt Credit Card but aren’t sure if you’ll be approved, you might consider applying for pre-approval. This process allows you to see if you’re likely to be approved for the card without actually applying.

To get pre-approved for the Bilt Credit Card, you’ll need to provide some basic information about yourself, such as your name, address, and income. The process is usually quick and easy, and it can give you a good idea of whether you’re likely to be approved for the card.

Bilt Credit Card Mortgage

One of the unique features of the Bilt Credit Card is that it allows you to earn rewards that can be applied to your rent or mortgage payments. Specifically, you can earn 1 Bilt Rewards point for every $1 you spend on the card, and those points can be redeemed for statement credits that can be applied to your rent or mortgage.

This feature can be especially helpful if you’re trying to save money on housing costs. However, it’s worth noting that there are some restrictions on how the points can be used. For example, you can only redeem points for statement credits in increments of $25, and you can only apply those credits to your rent or mortgage payments.

Can You Pay Mortgage with Bilt Credit Card?

Yes, you can use your Bilt Rewards points to pay your rent or mortgage. However, there are some restrictions on how the points can be used. Specifically, you can only redeem points for statement credits in increments of $25, and you can only apply those credits to your rent or mortgage payments.

Bilt Credit Card Wells Fargo

If you’re familiar with the Bilt Credit Card, you might be wondering about its connection to Wells Fargo. The Bilt Credit Card is issued by First National Bank of Omaha, but it’s backed by Wells Fargo. This means that you can manage your Bilt Credit Card account through the Wells Fargo online portal, and you can even link your Bilt Rewards account to your Wells Fargo rewards account.

Wells Fargo Bilt Credit Card

As mentioned earlier, the Bilt Credit Card is backed by Wells Fargo, which means that you can manage your account through the Wells Fargo online portal. This can be convenient if you already have other Wells Fargo accounts, as you can access everything in one place.

Bilt Credit Card Credit Score Requirements

The Bilt Credit Card does not have a specific credit score requirement for approval. However, like all credit cards, the issuer will evaluate your creditworthiness before approving your application. This evaluation is based on several factors, including your credit score, credit history, income, and debt-to-income ratio.

While there is no minimum credit score required to apply for the Bilt Credit Card, it is generally recommended to have a good or excellent credit score for the best chance of approval. A good credit score is typically considered to be around 670 or higher, while an excellent credit score is 740 or higher.

Additionally, it is important to note that applying for a credit card can temporarily lower your credit score due to a hard inquiry on your credit report. Therefore, it is important to only apply for credit cards that you believe you have a good chance of being approved for.

If you are unsure about your credit score or creditworthiness, you can check your credit score for free through various online services. It is also a good idea to review your credit report to ensure that there are no errors or discrepancies that could negatively impact your credit score.

Bilt Credit Card Login

If you have already applied for and received the Bilt Credit Card, you can access your account online by logging in to the Bilt Rewards website. Here’s how to log in:

• Go to the Bilt Rewards website (biltrewards.com) and click on the “Login” button at the top right corner of the page.
• Enter your email address and password in the respective fields and click on the “Login” button.
• Once logged in, you can view your account balance, transactions, and payment history, as well as update your account information and manage your rewards.
• If you have forgotten your password, click on the “Forgot Password” link on the login page and follow the instructions to reset your password.
• If you have any issues logging in or accessing your account, you can contact Bilt Credit Card customer service for assistance.

Bilt Credit Card Customer Service

If you have any questions or concerns about the Bilt Credit Card, you can contact their customer service team for assistance. Here are the different ways to contact Bilt Credit Card customer service:

1. Phone: You can call Bilt Rewards customer service at 1-844-426-2267. The customer service team is available Monday to Friday from 8 am to 12 am EST and on weekends from 9 am to 9 pm EST.
2. Email: You can send an email to Bilt Rewards customer service at support@biltrewards.com. The team usually responds within 24-48 hours.
3. Live chat: You can also chat with a Bilt Rewards representative online by clicking on the chat icon on their website. The live chat service is available Monday to Friday from 8 am to 12 am EST and on weekends from 9 am to 9 pm EST.
4. Mail: If you prefer to send a letter, you can mail it to the following address:

Bilt Rewards PO Box 1079 Charlotte, NC 28201

Overall, Bilt Credit Card customer service is responsive and helpful in resolving customer issues and concerns. Whether you have questions about your account, rewards, or payments, their customer service team is available to assist you.

Is Bilt Credit Card Legit?

Yes, the Bilt Credit Card is a legitimate credit card offered by First National Bank of Omaha and backed by Wells Fargo. However, it’s always a good idea to do your research before applying for a credit card to make sure it’s the right choice for you.

Is Bilt Credit Card Worth It?

Whether or not the Bilt Credit Card is worth it for you depends on your individual needs and spending habits. The card’s rewards program can be especially attractive if you’re a renter, as you can earn points that can be applied to your rent payments. Additionally, the card has no annual fee and offers a 0% intro APR for the first 15 months on purchases and balance transfers (then a variable APR of 14.99% – 23.99%).

However, it’s worth noting that the card’s rewards program has some restrictions, and the card is only available in select markets. Additionally, the card’s regular APR can be high, so it’s important to pay your balance in full each month to avoid interest charges.

Conclusion

The Bilt Credit Card can be a good choice for renters looking to save money on housing costs. The card’s rewards program allows you to earn points that can be applied to your rent or mortgage payments, and the card has no annual fee and offers a 0% intro APR for the first 15 months on purchases and balance transfers. However, it’s important to consider the card’s restrictions and limitations before applying and to pay your balance in full each month to avoid interest charges.