Frum.Finance

Does anyone have any experience or insight about the bilt mastercard? Seems like a no brainer for rent-paying people. <https://www.biltrewards.com/card|https://www.biltrewards.com/card>

I would make sure that the points/cash back you earn for rent are more than the fees you will be charged for paying rent with a CC.  It’s unlikely that it would be worth it.

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Does this :arrow_down: mean that the rent payment is not done with a cc transaction, rather ACH or something else, so the landlord has no transaction fee

Yes that is my understanding. There would be no transaction fees

Interesting.  Reddit seems pretty happy with it.  I wish this was around when I paid rent.

Apparently they are working on adding for mortgage payments as well. 

That’s awesome.  I’d definitely try them in that case.

I believe you have to use the card a minimum of 5x a month (not sure if that's including paying rent)

The reason some don't like it, it's because there's no sign up bonus and for someone that has modest rent payments, points won't accumulate to that much. (If someone's rent is 2k then they're only earning 24k points a year which isn't very significant). And it takes up a slot on your 5/24 credit report.

There's a similar card cald Mesa meant for mortgage payments <https://helpmebuildcredit.com/creditcard/mesa-homeowners-visa-signature-preferred-credit-card/|https://helpmebuildcredit.com/creditcard/mesa-homeowners-visa-signature-preferred-credit-card/>

But you have to spend $1,000 a month on the card every billing cycle to earn the rewards on your mortgage payments.

~Bilt is from Wells Fargo, not Chase.
So shouldn't/doesn't affect your 5/24.~

_Regarding some of the other questions asked here about it..._

There's no cc fee because they pay your rent for you and charge your cc. They can pay your rent for you via your landlords online portal, by mailing a check, venmo, or paypal. (_no zelle yet_).

They do require five transactions per billing cycle to get the points. Rent is one of the five. (_the other four charges can even be just one dollar..._)

I ran into a handful of reddit posts that claimed their rent wasn’t paid on time.  Bilt wouldn’t refund the late fees.  Not sure how credible the posts are (if this was user error)

Mesa has made a business decision to close the Mesa Homeowners Card Program entirely. This is a program-wide decision and is not a reflection of your individual credit status or payment history.