The Bilt World Elite Mastercard® is a premium credit card designed specifically for renters who want to earn rewards on their monthly rent payments without additional fees. With unique benefits and robust earning potential, this card has quickly gained attention in the credit card market. In this article, we’ll dive deep into its features, benefits, and application process, ensuring you have all the information you need to decide if it’s the right card for you.
Benefits of the Bilt World Elite Mastercard®
The Bilt World Elite Mastercard® offers an array of rewards and perks that set it apart from other credit cards. Here are the main benefits:
- Earn Rewards on Rent Payments: Earn 1 point per dollar on rent payments without incurring transaction fees (up to 50,000 points annually).
- Points on Everyday Purchases:
- 3x points on dining.
- 2x points on travel.
- 1x point on other purchases.
- No Annual Fee: Unlike many premium credit cards, the Bilt World Elite Mastercard® has no annual fee.
- Travel Perks: Access to World Elite Mastercard® benefits, including trip cancellation protection and car rental insurance.
- Build Your Credit: This card helps you establish a solid credit history while earning rewards.
- Exclusive Partnerships: Redeem points with top loyalty programs, including airlines and hotel chains.
- Bilt Rewards Program: Points can also be used toward future rent payments, fitness classes, and more.
Pre-requisites for Applying
Before applying for the Bilt World Elite Mastercard®, ensure you meet the following requirements:
- Good to Excellent Credit Score: A credit score of 670 or higher is generally recommended.
- Age and Residency: Applicants must be at least 18 years old and reside in the United States.
- Income Verification: Proof of stable income may be required to determine eligibility.
- Existing Tenancy: Although not mandatory, this card is particularly advantageous for renters.
About the Issuer: Bilt Rewards and Wells Fargo
The Bilt World Elite Mastercard® is issued by Wells Fargo in partnership with Bilt Rewards.
Wells Fargo
Wells Fargo, established in 1852, is one of the largest financial institutions in the United States. Known for its extensive banking services and customer support, Wells Fargo is a trusted name in the financial industry, managing millions of credit card accounts nationwide.
Bilt Rewards
Bilt Rewards is a loyalty program focused on turning rent payments into reward points. The program has partnered with major property management companies, making it easy for renters to earn points without extra fees.
Who Should Get the Bilt World Elite Mastercard®?
This card is ideal for:
- Renters: Those who want to earn rewards on rent payments.
- Frequent Travelers: Individuals who can maximize travel rewards through point transfers.
- Dining Enthusiasts: People who often dine out and want to earn extra rewards on their spending.
- Fee-Conscious Consumers: Those looking for a rewards card without an annual fee.
Step-by-Step Guide to Apply for the Bilt World Elite Mastercard®
Applying for the Bilt World Elite Mastercard® is straightforward. Follow these steps:
- Visit the Official Website: Navigate to the Bilt Rewards website or Wells Fargo’s credit card page.
- Check Eligibility: Review the credit score and income requirements to ensure you qualify.
- Fill Out the Application Form: Provide your personal details, including your name, address, Social Security number, and income information.
- Submit the Application: Once you’ve completed the form, submit it for review.
- Await Approval: Approval decisions are typically made within minutes, but some cases may take longer.
To apply, visit the official application page here. You can also download the Bilt Rewards app for Android or iOS.
Pros and Cons of the Bilt World Elite Mastercard®
Pros
- Earn rewards on rent payments.
- No annual fee.
- Strong earning rates on dining and travel.
- Access to valuable World Elite Mastercard® perks.
- Flexible reward redemption options.
Cons
- Limited benefits for non-renters.
- Points may have lower redemption value for non-travel rewards.
- Requires good to excellent credit.
Fees and Charges
Understanding the costs associated with a credit card is crucial. Below are the key fees for the Bilt World Elite Mastercard®:
- Annual Fee: $0.
- APR: Variable APR ranges from 19.99% to 26.99%, based on your creditworthiness.
- Balance Transfer Fee: $5 or 3% of the transfer amount, whichever is greater.
- Foreign Transaction Fees: None.
- Late Payment Fee: Up to $40.
Customer Support
If you need assistance with your Bilt World Elite Mastercard®, here are the official support channels:
- Phone Support: Call Wells Fargo’s credit card customer service at 1-800-642-4720.
- Online Support: Visit the official website for FAQs and account management.
- Mobile App: Use the Bilt Rewards app for real-time account management and customer support.
- Mail: Contact Wells Fargo’s credit card services via postal mail at their designated address.
Conclusion
The Bilt World Elite Mastercard® is an excellent option for renters and frequent travelers looking to maximize rewards without the burden of an annual fee. Its unique ability to turn rent payments into rewards and its partnership with leading loyalty programs make it a standout choice. However, potential applicants should weigh the pros and cons carefully and ensure the card aligns with their financial goals.
Ready to start earning rewards on your rent? Apply for the Bilt World Elite Mastercard® today!
