BiltProtect: A New Way to Pay Rent with the Bilt Mastercard: Paying rent is often one of the largest monthly expenses for many people. The Bilt Mastercard® offers an innovative solution to not only streamline this process but also to reward you for it.
One of the standout features of this card is BiltProtect, a unique tool that allows cardholders to pay rent without impacting their credit line, while still earning valuable rewards points.
Here’s how it works and why you might consider using BiltProtect for your next rent payment.
What is BiltProtect?
BiltProtect is a feature exclusively available to Bilt Mastercard® holders. When activated, it enables you to pay your rent through an ACH transaction directly from your linked bank account, rather than charging it to your credit card.
Despite this, the payment still processes through the Bilt Mastercard network, allowing you to earn Bilt points just as if you had used your card.
How Does BiltProtect Work?
When you enable BiltProtect and set up a rent payment, the funds are transferred from your linked qualifying deposit account through an ACH transaction.
This transaction will show up in your Bilt Mastercard account statement under the BiltProtect Summary.
The interesting part? This will also appear in your Bilt account as two transactions that effectively cancel each other out, showing that it doesn’t affect your credit utilization.
Benefits of Using BiltProtect
- Earn Points on Rent Payments: With BiltProtect, you earn 1x points on rent payments, with a cap of up to 100,000 points per calendar year. This is an excellent way to accumulate points on a large expense that typically doesn’t earn rewards.
- No Impact on Your Credit Line: Since the rent payment is made via an ACH transfer and not charged directly to your Bilt Mastercard, your available credit isn’t affected. This can be particularly beneficial for maintaining a lower credit utilization ratio, a key factor in your credit score.
- Streamlined Transactions: The integration of the Bilt Mastercard network with BiltProtect makes managing rent payments straightforward and efficient. You see all transactions related to your rent payment in one place, simplifying tracking and budgeting.
📢 Read More:
- Step-by-Step Guide to Applying for the Bilt Mastercard®
- How to Earn Bilt Points
- Bilt Credit Card Review 2024: Earn Rewards by Charging Rent
- Fly Business Class to Europe for Less Than 60,000 Points with Bilt Rewards
How to Set Up BiltProtect
To use BiltProtect, you need to link a qualifying deposit account through the Bilt app or the Bilt Rewards website.
Once your account is linked, you can activate BiltProtect and start scheduling your rent payments.
It’s essential to ensure that the funds are available in your linked account for the transfer to occur without issues.
Things to be Taken care for BiltProtect
- Credit Card Usage Requirement: To earn points via BiltProtect, remember to make at least five transactions that post to your account each statement period. This ensures you are actively using your Bilt Mastercard and benefiting from its rewards program.
- Review the Terms: As with any financial tool, it’s crucial to understand the terms and conditions. Refer to the Bilt World Elite Mastercard® Credit Card Account Agreement for detailed information about how BiltProtect works and any associated fees or requirements.
Bottom Line
BiltProtect offers a practical and rewarding way to handle one of your most significant monthly expenses. By integrating rent payments into the Bilt rewards ecosystem, the Bilt Mastercard® not only simplifies how you pay rent but also turns these payments into opportunities to earn points towards travel, fitness, and more.
Whether you’re looking to optimize your financial tools or earn rewards on every dollar spent, BiltProtect is an option worth considering.
In essence, the Bilt Mastercard® with BiltProtect turns a routine financial chore into a rewarding experience, aligning your financial responsibilities with your lifestyle aspirations.
Frequently Asked Questions (FAQ) about BiltProtect
BiltProtect is a feature offered exclusively to Bilt Mastercard® holders. It allows cardholders to pay their rent through an ACH transaction from their linked qualifying deposit account, without impacting their available credit line.
When BiltProtect is activated, funds are transferred from the linked deposit account to pay rent through the Bilt Mastercard network. This transaction is reflected in both the Bilt Mastercard account statement and the Bilt account, where it appears as two transactions canceling each other out.
No, using BiltProtect does not impact your available credit line since the rent payment is processed through an ACH transaction rather than charging directly to your Bilt Mastercard.
By using BiltProtect to pay your rent, you can earn 1x points on rent payments, with a maximum of up to 100,000 points per calendar year. These points contribute to the rewards program associated with your Bilt Mastercard.
There are no specific fees associated with using BiltProtect. However, it’s essential to review the terms and conditions outlined in the Bilt World Elite Mastercard® Credit Card Account Agreement for any potential fees or charges related to the overall use of the Bilt Mastercard.
To activate BiltProtect, you need to link a qualifying deposit account through the Bilt app or the Bilt Rewards website. Once your account is linked, you can enable BiltProtect and start scheduling your rent payments.
Yes, by using BiltProtect to pay your rent, you can still earn rewards points as if you had charged the payment directly to your Bilt Mastercard. Remember to make at least five transactions that post to your account each statement period to continue earning points.
BiltProtect is primarily designed for paying residential rent. It may not be applicable for other types of rent payments, such as commercial or business-related rent obligations.
BiltProtect can be used to pay rent for eligible properties. Ensure that your landlord or property management company accepts payments through the Bilt Mastercard network before using BiltProtect for your rent payments.
You can monitor and manage your BiltProtect transactions through both the Bilt Mastercard account statement and the Bilt app. These platforms provide comprehensive insights into your rent payments and overall financial activity.
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