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Wells Fargo (issued by Evolve Bank)

Bilt Mastercard®

Annual fee
$0
Welcome bonus
Earn 2x points on rent payments for the first 12 months (no cap)
Intro APR
No intro APR on purchases
Reg. APR
20.49% – 29.49% Variable
Apply at Wells Fargo (issued by Evolve Bank) →

Quick verdict

Best for renters who pay $1,000+/month in rent — finally earn rewards on your biggest expense. Skip if you don't pay rent (homeowners don't benefit from the core feature). if your landlord doesn't accept bilt, the card is just a decent no-af dining/travel card.

Rewards
★★★★
4 / 5
Perks
★★★★½
4.5 / 5
AF Value
★★★★★
5 / 5
Approval Ease
★★★★
4 / 5
Overall
★★★★
4.3 / 5

🎁 Welcome bonus

Earn 2x points on rent payments for the first 12 months (no cap)

Rewards

CategoryRateType
Rent payments 1x points
Dining 3x points
Travel 2x points
Everything else 1x points

Points/miles valued at 1.40¢ each (CreditStud.io estimate based on typical travel redemption).

Perks

🎯 Who should consider this card

✅ Best for

  • Renters who pay $1,000+/month in rent — finally earn rewards on your biggest expense
  • People who want a no-annual-fee card with real travel transfer partners
  • Diners who eat out regularly (3x on dining with no AF)

❌ Skip if

You don't pay rent (homeowners don't benefit from the core feature). If your landlord doesn't accept Bilt, the card is just a decent no-AF dining/travel card.

📊 Example: Typical traveler/diner

Dining: $400/mo × 12 × 3x$202 value
Travel: $300/mo × 12 × 2x$101 value
Everything else: $1500/mo × 12 × 1x$252 value
Net annual value+$554

Based on illustrative spending. Use our AF Worth It Calculator to plug in your real numbers.

📋 Application tips

Credit needed
Good (670+)
Issuer rules
No firm issuer rules like 5/24. Must have a qualifying rent payment address to unlock full benefits. Bilt also offers a debit-based rent payment option with no credit check.

Not sure if you'll qualify? Try our credit score simulator to see what rate range you might fall into.

⚖️ Compare to similar cards

Side-by-side comparison tool →

Frequently asked questions

How does the Bilt Mastercard earn points on rent?
You link your rent payment in the Bilt app. Bilt sends a check or ACH to your landlord on your behalf, and you earn 1x point per dollar of rent. You pay Bilt back from your linked bank account. No transaction fees, no landlord involvement needed.
Is the Bilt Mastercard really free with no annual fee?
Yes — $0 annual fee, no foreign transaction fees. Bilt makes money from interchange fees and their rewards marketplace. The catch: you must use the card for 5 transactions per statement period (Rent Day counts) to earn rent points.
How much are Bilt points worth?
1¢ each for cash back or statement credit, ~1.4¢ through travel partners. Transfer partners include Hyatt, United, American Airlines, and others. The Hyatt transfer is particularly valuable — Bilt to Hyatt points can be worth 1.5–2¢ each.
What happens if my landlord doesn't accept Bilt?
Bilt sends a physical check or ACH transfer — no landlord signup required. They even include a pre-filled check template. In practice, 95%+ of landlords can receive Bilt payments without any effort on their part.
Does Bilt have a catch?
The main catch is the 5-transaction requirement per billing cycle to earn rent points. The card also has limited dining/travel bonuses compared to dedicated category cards. And you need to pay your rent through Bilt's system rather than just swiping the card.
Can I use the Bilt Mastercard for regular purchases?
Absolutely. Beyond rent (1x), it earns 3x on dining, 2x on travel, and 1x on everything else. That's competitive with many $95+ annual fee cards, especially for dining-heavy spenders.

Ready to apply?

Application takes 5 minutes. Approval decision typically instant for qualified applicants.

Apply at Wells Fargo (issued by Evolve Bank) →

Reviewed by CreditStud.io editorial team • Last updated 2026-04-30 • Methodology & disclosure