An HONEST Review of the no annual fee Bilt Mastercard

[@dsr8223]

A friend of mine used my link to apply. He was planning an overseas trip soon, so I told him to watch for the 5x points new cardholder offer before he paid the tour company. He did get the special offer and charged $10,000 for the trip during the 5x bonus period. He's getting 50,000 points for that one transaction (which he's using for a business class flight). That's better than a sign-uo bonus, IMO, since there's no annual fee or minimum spending requirement.

[@yeelouie2569]

That requires $10,000 credit limits? No?

[@dsr8223]

@@yeelouie2569 He got a $13,000 limit, so that was enough for his rent and the $10,000 tour charge.

[@andyYWZmusic]

If he is taking a trip that costs 10k. He probably has way more than 10k for a credit limit.

[@dsr8223]

@@andyYWZmusic Right

[@dsr8223]

@@yeelouie2569 Yes. His limit is higher than that.

[@RichardBullwinkle]

My dude! Here are some tips I wish creators were speaking of more: On the 1st: Load your Starbucks account: 6x Schedule Door Dash deliveries for upcoming nights and cancel if you change your mind: 6x Pay your utilities: 2x Pay your cell phone bill: 2x + you get $800 coverage per phone on your plan

[@PewPewNomNom]

Utilities are 2x??? Wow

[@RichardBullwinkle]

Everything but dining and travel is 1X. EVERYTHING is 1X. But on rent day (the 1st), everything except rent is 2X. (Rent is always 1X). So on rent day, utilities, phone, whatever, is 2X.

[@janmajaykailash2]

Cellphones don’t give you the autopay discounts with credit cards anymore

[@RichardBullwinkle]

@@janmajaykailash2 Sign up for autopay with your bank account. Then pay early with ApplePay

[@KillDevilXO]

@@janmajaykailash2Verizon does

[@ryanberry8951]

John I watch a lot of your videos and decided to give the BILT card a chance and oh my god its easily the best card I'm gonna have for a while. So many random fun benefits and promotions, plus I pay rent for my entire unit and I have 3 roommates so I get a ton of points every month. This has been a game changer and I hope everyone who sees this and is considering to get this card for rent to get it immediately, its almost impossible to explain how beneficial it has been to me. Keep up the great videos.

[@valk7229]

Thank you, John for the tips. I got the BILT card about 6 mos ago. I love using it for rent. I also save my dining purchases for the 1st of the month to get max points. I was glad to see that they finally added some Phoenix restaurants to the plan. I'm new to the whole points thing. I'm saving up for travel. And I appreciate that there is help in BILT for making transfers.

[@johnsfinancetips]

Not at all!! Always happy to help!! Excited to see where your first travel redemption takes you!!

[@Notorious2PacOG]

This was the first card I applied for back in October thanks to your videos then got more cards. I have been paying rent with it for a few months now & it’s been great! Absolutely love it!

[@alonser1]

Hola, cómo pagas el alquiler?. Yo lo pago con esta tarjeta por medio de PayPal pero al dueño de la casa le cobraron una tarifa de $23 dólares 😮. El me lo está cobrando a mi 😮

[@shanetravel]

I unfroze my credit reports and applied for this card since you're the one who showed me this originally. thank you man. enjoy the free 2,500 points :)

[@johnsfinancetips]

Thank you so much!! And enjoy the card!!

[@shanetravel]

@@johnsfinancetips yeah we’ll see. I’ll start paying rent next month with it. :)

[@shanetravel]

@johnsfinancetips i just paid my first months rent with it. was super easy. can't wait to have a lot of points at beginning of next year :D

[@RSquared-travel-rewards]

John - I think that it is clear that I love the card. I can't stop talking about it. I'd argue that it's the most valuable card on the market.

[@SanaManoj-eu8xw]

Absolutely loved your detailed video. I have had this card for a while and did not know the extra benefits with the points transfer. Thanks for breaking this out and will be able to use the benefits to max extent.

[@BlackTheEngineer]

Sitting at a 608 but just paid off collections and halved my credit card debt in just the past few days and can pay it off in full in a few weeks, i wished they updated credit reports faster cuz i want this card so bad 🤧

[@sebastianfranco8115]

Everything was going well until I realized you will receive a commission for advertising this credit card

[@christopheresquivel4169]

Wish I could have gotten this card as soon as it came out. It's my favorite card so far! Transferred points to Air France and hopefully using the miles to go to Germany 🇩🇪

[@ep411]

I know u used those trips as examples of what you can do with pts but the flight to japan was 60k pts ONE WAY. That would mean you need to pay $120,000 in rent and wait TWO yrs to travel round trip in Japan in the best possible scenario. The Hyatt was 25k/night which is a lot more reasonable for ppl who dont pay a ridiculous 5k/monthly rent. maybe use the lower end of spectrum for examples as well to see what a normal person who pays 2-3k monthly rent could get.

[@TheXxdarkhackxX]

You're right but he also covered the smart way to use your points which is to find the award flights and transfer your points when it's not a 1-1 ratio. Go back to the part where he mentions 75%-150% bonus for transfers

[@unaquetzadilla]

Still, you're getting that by paying rent. You wouldn't be getting any flight by paying rent.

[@_w_w_]

I travel constantly for work and have to do my own flight booking. Honestly, he is inflating the value of airline redemption. To get good business class redemption, you literally have to travel on the least busy day and off time. This is often time people are all in school and work, with difficulties using their PTO. Otherwise, the redemption amount is VERY high or outrageous. Most airlines have gone to demand based redemption, so the amount changes all the time based on travel/booking demand. In addition, the taxes and fees for international flights are very very high, often into hundreds of dollars. If your interest is just to travel, there are so many good deals to be had just paying the ticket with cash/credit card. For example, you can go from the US to London for $400 or Paris for as low as $375...roundtrip, tax included. Or you can go to Japan, roundtrip for $500-$600, tax included. If you then remove the tax amount from these cheap fares, your redemption rate is not very high... I ran the numbers and for the normal range renters, you AIN'T going anywhere with the rewards - not for a long time... and that's assuming the airlines don't change their redemption structure in the time you are accumulating your points, which almost all of them have changed.

[@parrotheaddanny]

Thanks John. I'll link Chase Freedom to Bilt Wallet! Did not know I could!

[@boblob-law9401]

I screwed up by not getting the BILT card before I added 3 other cards to my portfolio. Wells Fargo is super strict about recent card inquiries.

[@johnb1155]

Dang man I think I did too. I might be renting soon but I already have 4-5 hard pulls

[@tammyoblander1393]

I got the card with 6 pulls, so maybe it’s still possible.

[@johnb1155]

@@tammyoblander1393 Awesome! Good to know

[@johnsfinancetips]

Thanks for sharing this DP! I wasn’t sure how inquiry sensitive WF is but this is good to know

[@_w_w_]

The real story here is Wells Fargo underwrites some of the best cards on the market, i.e., BILT, AutoGraph, ... If Wells Fargo's customer service is any better, I would get more of their cards.

[@MomIsCrying]

My main issue with the bilt mastercard is this is the card I got the most fraud purchases from in my life, I had no other that has gotten frauded before and this card was flagged multiple times which is very annoying but I still have the card so that's saying something and the customer service is also good (this last time i had to call multiple time before i talked to a person) its a good card but i people to be aware of these little quirks

[@KateVidaure]

Im getting a bill card and using your link for you to get the points. You deserve it! Thank you 🙏 and I’ve been following you for all the info

[@jmagicd9831]

This is unironically my dining card with the multiplier. Easy way to get the 5 transactions especially on Rent Day. Their dining category also covers cafes and bars which not all cards with "Dining" categories do. Even then, I'm fine with the negatives so that the card doesn't get too powerful to be no Annual Fee. I do need to find a way to earn status on it, now that I have it. The amount of spending/points, I'm pretty sure has to be annual and not cumulative. The rewards system makes it tempting to go ham on rent day spending which not everyone has in budget.

[@newagain9964]

What is the specific merchant code used to get the 1% rent reward category?

[@jmagicd9831]

@@newagain9964 you get to use the Pay Rent feature once per month

[@bchantharath]

Moving to NYC soon & will be renting an apartment. so glad to have found this video & your channel!

[@ericchausse1701]

Does anyone know if you need an excellent credit score to successfully apply for the BUILT credit card, or will a GOOD credit score be acceptable?

[@Milkinporsche]

if you can send your landlord a check, why not use this loophole to pay your mortgages with the card. Use your property address as "rent address, and send yourself a check every month.

[@davidradtke160]

I go to a 5x bilt dining restaurant on the 1st every month. 11x points per dollar.

[@ksh2106]

Wow I love your energy. Got me hyped to get the card. Wish the video never ended

[@jay_bird83126]

I pay my rent through Venmo, so when you use that routing and account number, the card automatically sees it as rent?

[@Phennom]

I got a $300 bilt sub by getting the card right before black Friday. That 5x everything was nice

[@johnsfinancetips]

Let’s go!! I wish got something when I signed up🥲

[@SectionChief]

I only use the card on the 1st of the month (to get my 5+ transactions). And I was fortunate to get the 5x new account bonus during the Black Friday/Cyber Monday week.

[@Tom-ff8cv]

i looked up the flight similarly priced from Tx to Japan. It seems like you're showing a one-way ticket rather than round trip which is cheaper. Main cabin if low $1000, it shows as 35k points, but business around $7k is around >300k points (not 60k). Idk if that's a glitch, but it's misleading giving false hope in thinking average people can get round trip business to japan for 60k AA points... At time slot 8:14, the Business one way @ the 2:35pm slot is 450k AA points... Otherwise, appreciate your video and your content. Been a follower for a long time!

[@RichardHorpe]

no one mentions the data breach

[@ChaimS]

I appreciate you doing these comprehensive reviews, but I wish you would give examples of domestic flights, not just luxary vacations. Many people just want to be able to fly a family of 4 to a vacation in Orlando or a family reunion in Denver, etc. It would be great to know what the points are worth, especially if you're more than one person.

[@penguin1o4]

John, I used your link to apply and I got the 5x points offer!! In the email letting me know that my card has been delivered, it said my 5x points is only valid for 5 days, starting on the date of the card delivery. Thank you!

[@homosapien6031]

For people who live at home… what’s stopping their parents from transferring $3000 to their account every month, and they just transfer it back through this?

[@Bangpaulxu]

Just a quick question, I am new to credit cards. If I apply for this card I can link payments for this card to other banks right? Do I have to have a Wellsfargo account to pay off this bill credit card?

[@ericchang9568]

Thanks for this great review - can we use the ACH feature to pay mortgage instead of rent?

[@daniel.delosrios]

Actually you can pay Mortgage payments with the Bilt card the same way you pay rent. Use the routing and account number on the app. You also get points. I’ve done it for a few months already.

[@youredxspanktube]

WHAT i'm gonna try that!

[@misaelterriquez4100]

I pay my mom rent . Do you think i can give her a check and it would count too 😭?

[@kinkkkin]

How do you request the account # and routing #?

[@russia274]

Get it now, if you get 5x then pay taxes with it. 1.8% processing fee is more than offset by 5% return.

[@johnsfinancetips]

THIS. I didn’t even consider that!! Great call out

[@RenigadeWarrior1]

Letting you use points to pay your rent or towards a down payment is awesome.

[@Zigblat]

I don't see how a 0.5% cash back card is a top tier card. It seems like the lowest tier rewards card you can get. It's extremely misleading not to mention the actual value of the points. There is a slight advantage to actually getting 0.5% on rent, but you lose money on the additional required four purchases, which is how they make money. It's wise to think about how much money the company is making by offering these misleadingly high rewards. They are making a lot of money on every purchase you make, including rent.

[@kenjohnson1594]

Great video. I love how you breakdown the Bilt card. Just a few questions; 1-if I transfer my points on rent day or any other time, do I have to schedule a trip then or can I wait to travel later when I’m ready. 2-can I schedule my monthly rent myself with Bilt protect or do they automatically take the funds. 3- if I already have great credit and don’t want credit reported is that possible? Any guidance you can provide on these three concerns I would greatly appreciate it. Thanks

[@m.w.3692]

I wonder, if you accumulate enough points, can you use them to pay rent?

[@David.loves.to.travel]

Great video. Do you know if you can charge all 5 transactions all on rent day and still qualify for your points or does all 5 transactions have to be on different days?

[@AndyRenwick1]

They could all occur on the same day

[@David.loves.to.travel]

Thank you

[@youwhy2]

Thanks for the thorough review! I’ve heard there are cards that have been getting compromised and the customer service/app aren’t good. Any thoughts? Def interesting in applying for the card

[@janezhao3105]

Can you use it to pay car loan then?

[@DavidC-ru4it]

Excellent content!! Thanks for all the valuable information.

[@ericchausse1701]

Awesome video. Question: Is the BUILT credit card for someone who's credit score is Good and not Excellent? What if you have great credit utilization, but a not so good payment history?

[@akashprasad5750]

even without watching the video, as a current card member, I would say it is worth having this card if you pay rent. 😊

[@BlazerManiacNumber96]

Was super excited to get this card. Have had it for a year and the thing hasn’t worked once. Every single rent payment gets declined and after 9-months the customer support has been able to do nothing

[@1stoptech]

Mine got declined the first time because of bad timing on my behave. You can Send a check if it never works for you the easy way

[@BlazerManiacNumber96]

@@1stoptech My apartment only accepts payment via the online portal

[@thedman05]

Sorry to hear that man. It worked for me since the first day, and I’ve been using it fine for almost 5 months now to pay for rent. I’m glad I haven’t had to deal with customer support

[@BlazerManiacNumber96]

@@thedman05 It must have been an issue with my last apartment. I’ve since moved and my current place is in the Bilt Alliance. It works fine now haha

[@Langston-wq8lu]

Don't know if you'll see this I have the bilt card love it thank you for doing all the videos on it. But is there a trifecta with the bilt card or could you recommend some cards that would work well with the bilt card.

[@maddog8148]

Can I use this to pay my mortgage company?

[@rikbhattacharyya2143]

There is a news recently, Bilt is launching mortgage soon. Currently you can pay HOA fees

[@Rhodesters]

Superb explanation! My card arrived today.

[@itsjamilahassan]

So informative, thank you!

[@johnl9135]

I only use this card for rent and only used for small purchases to meet the requirement.

[@stanislavdidenko8436]

It's all exiting and promising. And yes, thanks for the video, I have just made the Bilt card. But honestly I would like just focusing on my life and hobbies instead of this endless vanity discount hunter I am not a fun of.

[@markg.9981]

thx for video...if you link an outside credit card e.g. amex card to bilt...do you get double points e.g amex membership rewards points and bilt rewards? currently i only have my bilt mastercard links. thanks gain

[@tjaco13]

QQ: I thought you can transfer to American Airlines if you have Chase by way of British Airways Avios. I hear Iberia and Aer Lingus should work too as they’re all IAG. Does this no longer work?

[@amitkumar-gs1xe]

question if 2x is offered on first and i pay on the first do I still get credit, even though it shows pending as for five days for example

[@mikea9777]

I heard you can use this for HOA fees for a condo or townhouse, do they need to be in the network for that or can that apply anywhere?

[@MrJpak7777]

Fantastic video. Thanks!

[@StockerM]

Great recap! Do you have a preferred Visa (so I can use at Costco) to pair with a Bilt?

[@ryanmak1747]

Gold review, thank you!

[@nneomaoffomah401]

So if I'm setting up this to be debited from my mortgage bank. Will it be a checking account since I have an account and routing number?

[@4ndroid55]

I'm waiting for Capital One, or SoFi's version of this

[@fakelife4429]

can I apply for it if I’m from the uk - or better said currently living in uk? (I’m not an us citizen) please help me - I’ve been looking online for like forever and I still can’t find an clear answer

[@johnwilliamsoniii3936]

Considering that BILT points are valuable, even at 1x points back on other purchases, do you believe that this would be a good everyday card?

[@honorpatience1301]

Amt kind of rent ? Can it be charged twice ? One residential and commercial same month ?

[@chief-long-john]

New York city rent is def not that expensive but good exercise

[@DeenWorley]

What no one has asked is, if you live at home and have to pay “rent”, can you send a check to your parents?

[@davidradtke160]

As long as you sign a lease…why not?

[@davidradtke160]

Just get your parents to sent up Venmo and sign a lease with you.

[@michaelshui88]

Can I use this Bilt card to pay rent for my family members asi don’t rent. Thanks

[@suzannecausin7855]

Can you pay your mortgage payment with Bilt?

[@ohcrapitsxfox]

Ughh.. I want the bilt card but also… I want to get the Venture X card… I mean bilt is a black card that’s made of metal and no annual fee! But I want the VX so I can get the capital one combo (savor one+ VX) I do rent, however… in order to get bilt points don’t I need to use the card 5 times?

[@newagain9964]

Get the VX while u can. And IF you can. Cap 1 can be restrictive to its higher end cards.

[@davidradtke160]

Bilt does require 5 transactions a month. So do coffee, breakfast, lunch and dinner on rent day at 6x. That plus rent hits 5 transactions in the month.

[@AD-xn7pt]

Weird question but can i have the check shipped to my self? My landlord comes pick up the check every month, and certain ppl would rather not give out theor address

[@CRSALSERO]

Can I use this for my mortgage?

[@none317]

I got approved for this card and was really looking forward to transfer points to AA. Unfortunately, AA is ending its partnership with Bilt this year in June 😢

[@crossdead360]

Also they let you pay with another credit card and they even say they let you double dip points with them and your credit card when dinning travel and rent pay so points with them and your connected credit card used

[@Paldentseringsherpa]

Only thing i would say is shitty is now that, i have to open wells fargo checking to use autopay !!! , or am i not getting this right ?😊

[@Nowayhomek]

Can it be used using PayPal or Venmo to pay rent?

[@SS-dc6ur]

On your summary, it seems that we can’t go up the hierarchy status with just using it for rent?! 😮😢 My plan is to only use it for rent. And use it for the minimum of five transactions required monthly only. As I have other credit cards that give me better miles & points category multipliers anyway. Please respond

[@510marlon]

Dude! Again with this card? How many videos are you going to make on this? We get it, you love it

[@iloa3687]

😂

[@SolidLiquidFox]

He should just marry it 😂

[@newagain9964]

Notice he won’t talk about the serious security flaw bilt has. Lots of ppl get fraudulent charges on their account. And of course, Chase/issuer b4 them is good at denying claims.

[@510marlon]

@@newagain9964 classic Jonh

[@Adiscretefirm]

6:50 the higher value of Bilt points is what makes 2x on travel better than 2% cash back

[@Rob-ew4bl]

The bonus is being able to pay your rent with no fee every year.

[@these4things555]

I just got my BILT card yesterday (great video btw, ty very much). Can I use the BILT account and routing numbers to auto pay all of my other credit cards on the first of the month? That would be Huge...

[@these4things555]

Here we are two weeks later... The answer is NO! You cannot use that Routing number and Acc. Number for anything but your rent (one time a month mind you. Now I have to call 3 banks and convince them to drop the fee that was due to the ACH payment being reversed.

[@sunny051488]

@@these4things555why do you have a fee? Did it get declined?

[@these4things555]

Yes. You can't use the ACH account for anything but rent. I tried to use it to pay off other credit cards to rack up rewards points...

[@sak_5]

Great video! I’m looking for a Visa/MC no annual fee and no foreign fee as my Amex Gold is not widely accepted abroad. Thanks to you and the info, I think I will get Bilt vs. the Capital SavorOne, specially bc of the Travel Partners and Rent points. Thanks!

[@priyan776]

Nice video. Good information. Can we use that routing number and the account number to do car payments and mobile bill payments?

[@fbx03]

They allow utilities payments as well as Internet/cable bill

[@priyan776]

@@fbx03 thank you

[@raykibiri]

I really value the Bilt Mastercard in my wallet, the only thing I dont like its my current limit 1,9k 😪 I have Silver status and another benefit is you can earn interest on points.

[@dawannwilliams6301]

Interesting if they are giving you a routing number wonder why you cannot pay your mortgage. It seems like a card to get easy travel points on things you use /pay monthly anyway.

[@tomd336]

Do you need a high credit score and long credit history to be approved?

[@Mike39576]

At least a 650 credit score

[@thedman05]

It’s a shame they nerfed rent day. The card is getting so much weaker after October

[@mbank3832]

The only reason I got the BILT is because it is my travel credit card so I don't get charged on no FTF, as a no annual fee CC

[@lorettaknoelk3475]

My client said they do mortgages now and even HOAs.

[@Cryptid71]

I wish b i l t would also stretch that out to utilities. If they did that this would be the ultimate credit card. Because then everyone in America could get it and earn points

[@wingtsunclan2307]

Does this work for commercial rent?

[@eckocellzxd2665]

Can the assigned account + routing number be used to pay back student loans or medical bills?

[@jadesweeney6413]

I wouldn’t do it. They have someone check the transactions daily to make sure the payments are rent. If I understood correctly

[@marcomarmo5923]

Can this be used for a mortgage?

[@leternadia]

Account/routing # is only for rent. Can’t pay anything else with it.

[@AD-xn7pt]

Doesn't utilities charge you a fee for using a card?

[@prasiprasi69]

John I have question! If I use Bilt card to pay rent, and deposit money(roommates) to cover the credit expense(breaking even). Would it trigger the irl or something??

[@belindabradford3117]

What if the landlord has you pay rent via Moneygram instead?

[@user-mp9mt4qn4g]

So u said it can't do mortgages, how about a store rent? I have a business, where I rent the place in a mall, will that count?

[@davidradtke160]

As far as I know it doesn’t specify only residential rent, it just caps your total points on rent.

[@jorgennicholls3835]

Are there any cards that offer no-fee rent payments like the BILT but aren't affiliated with Wells Fargo?

[@sibymiller]

Apparently no.

[@PaMartiin117]

Dos have a fee for international shopping??

[@matteog535]

How does it work when you link other cards in Bilt Dining and you get points on both?

[@caroarceo]

I’ve been trying to figure that out also

[@alexandra_bac]

I eat at Bilt Dining restaurants all the time and often use other cards - when you pay with a card you've linked in the app, Bilt members can earn between 2x-10x points in addition to the points you get from that other card

[@matteog535]

@@alexandra_bac got it! So its more convenient paying with a linked card than the bilt?

[@MrCizzie123]

Is there anything like this for subprime?