Compare the Features and Benefits of Bilt Mastercard® and
Bank of America® Travel Rewards credit card

What is Bilt?

The Bilt Mastercard® is the only credit card that lets you pay your rent with no transaction fees and earn one point per dollar in the process.

This works with any landlord, up to $100,000 in rent per year as long as you make 5 other purchases each statement period.

Alaska Airlines – a Bilt Rewards Transfer Partner (Image Courtesy: Alaska Airlines)

Bilt Transfer Partners

💳 This card earns Bilt Rewards points. Bilt often runs transfer bonuses where you can get even more points when you transfer to airline or hotel partners at designated times. Transfer bonuses are awesome. Get 20%, 50%, 100% or more bonus miles when you transfer points at the right times. But they are easy to miss!

You can see all past Transfer Bonuses from Bilt Rewards points.

Even better? Get notified when a new transfer bonus comes out and again before it ends (either or both, your choice). Sign up for free alerts right here. 🔔

Rent Day

On the 1st of every month, Bilt Rewards has “Rent Day” – where you’ll earn double points on dining, travel and other purchases excluding rent and tax payments (up to 1,000 bonus points each Rent Day) on that one day.

On Rent Day, they also have other bonuses and giveaways, which may include status trials on an airline or hotel partner or a points transfer bonus.

Summary

Overall, this card is pretty much a “must have” for renters, since there is no other way to earn points – with no transaction fees – when paying your rent.

There is also no annual fee to hold the card and no Foreign Transaction Fees.

I have one myself and don’t see any reason for any renter not to have it.

Disclaimers

• Rates and Fees

While there are plenty of travel rewards enthusiasts that want to earn points and miles with a trendy new credit card, the Bank of America Travel Rewards credit card is made for others that just want to earn a free trip with a few fees and hassles as possible. It also offers 1.5 points per dollar spent on all purchases, and those points are worth one cent each as statement credits towards any travel or dining purchases. Points can also be used to pay for baggage fees in addition to other travel expenses such as flights, hotels, vacation packages, and dining/takeout purchases. (Most people would assume the credits are only towards travel so it’s nice that Bank of America includes the statement credit to be applied against dining purchases.

But the best value is offered to Bank of America Preferred Rewards members who can earn a 25%, 50% or 75% bonus, depending on their status within the program. Those with top status can earn as much as 2.62 points per dollar, which is truly exceptional for Preferred Rewards members. These points never expire so long as you account remains open.

Best of all, there’s no annual fee for this card, and no foreign transaction fees imposed on purchases made outside the U.S., so you don’t have to worry about that when traveling.

Bank of America® Travel Rewards credit card vs. Bank of America® Unlimited Cash Rewards credit card

Editor’s Note: It’s a question I had, so I thought you might too. The primary differences are that the Bank of America® Travel Rewards credit card has no foreign transaction fees but redeeming your points is slightly limited in that they can only be redeemed against travel and dinning purchases whereas the Bank of America® Unlimited Cash Rewards credit card has no limitations on cashing out your points for cash, but does charge a foreign transaction fee. So, they are pretty similar, but you would choose this one if you travel internationally and probably choose the Unlimited if you don’t leave the USA.