Link: Apply now for the no annual fee Bilt Mastercard®
The Bilt Mastercard® (review) is a valuable no annual fee card that I applied for and hold onto. This allows you to pay your rent by credit card and earn rewards, even if your landlord doesn’t ordinarily allow no-fee credit card payments. For us homeowners, you can potentially even pay your HOA this way.
There are many innovative things about Bilt, including that there’s a Bilt Rent Day promotion on the first day of each month. With it now being a new month, the November 2024 Bilt Rent Day offer has just launched, which is an opportunity to take advantage of a transfer bonus.
In this post:
Details of the November Bilt Rent Day promotion
There are a couple of aspects to the Bilt Rent Day promotion, including the ability to earn bonus points (which is the same every month) plus at least one additional promotion.
Note that Bilt Rent Day promotions are generally valid from 12:00AM ET until 11:59PM PT, so technically you have around 27 hours to take advantage of them.
Earn 2-6x Bilt points on Rent Day purchases
Ordinarily the Bilt Mastercard earns 1-3x points per dollar spent, as you earn 3x points on dining, 2x points on travel, and 1x points on all other purchases. On the first day of each month, you earn double those rewards, meaning you earn 6x points on dining, 4x points on travel, and 2x points on all other purchases (except rent, where you earn 1x points).
With this offer, you can earn up to 1,000 bonus points each month (the cap used to be 10,000 bonus points, but it has been lowered as of October 2024). Keep in mind that you need to use your Bilt Mastercard five times each statement period in order to earn these points. It could be worth strategically making some purchases on the first day of each month to maximize this as much as possible.
British Airways 50-100% transfer bonus
On November 1, 2024 (between 12AM ET and 11:59PM PT), Bilt members are eligible for a targeted transfer bonus to British Airways Executive Club, in the range of 50-100%. Each member is able to see their transfer bonus by logging into the app today. Interestingly this time around, it’s not being tied directly to Bilt elite status (or at least that’s not being revealed).
There are some great uses of British Airways Avios, and you can also transfer rewards between the various “flavors” of Avios.
Bottom line
On the first day of each month, those with the Bilt Mastercard can take advantage of the monthly Rent Day promotion. In addition to earning up to double points for purchases, for November 2024, the main opportunity is the ability to get a 50-100% bonus when transferring Bilt points to British Airways Executive Club.
Do you plan on taking advantage of the Bilt Rent Day promotion for November?
Lucky, there was also a targeted promo for some that have their Alaska Airlines VISA Signature card linked with BILT account that would waive the normal 3% transaction fee for the first $2,500 in rent paid for this month.
My Bilt rent day has 100% transfer bonus. Tested by transferring 25k and got 50k almost instantly.
Irrespective of this month's transfer bonus, Bilt disrupted its historical pattern of transfer bonuses. Bilt capped 2X on Rent Day at 1k points. And, now, we have the decoupling of Bilt tier status from transfer bonuses. What's next? What's left? There has been too much flux and uncertainty for me to commit to Bilt.
Because this is business. Why keep doing it if it’s not sustainable? So take advantage of what it offers now.