Users Allowed to Pay & Build Credit on Monthly Rent with New Credit Card

Key Highlights

• Bilt Technologies, a real estate startup, teamed up with Evolve Bank & Trust and Mastercard to launch credit card specifically designed for renters
• Card holders gather rewards points via rent payments that can be converted to cash towards a down payment

Bilt, in Partnership with Evolve Bank & Trust and Mastercard, Launches Credit Card to Serve Renters

Homeowners who consistently pay their monthly housing costs in a timely fashion get a credit score boost.  Why don’t renters who consistently pay their monthly rent in a timely fashion get that same sort of credit score boost?

Ankur Jain, founder of Bilt, a real estate startup, believes that renters ought to get a similar credit score boost.  Jain said, “We believe paying rent should build your credit score because it’s your single largest liability.”

The result of Jain’s thinking is Bilt Mastecard.

Features Included in Bilt Mastercard 

This co-brand credit card offers renters throughout the US the ability to pay rent via credit card without fees, earn points on their largest expense (renting), raise their credit scores with every on-time rent payment and build a path towards homeownership.

Features included are:

• No transaction fees for both cardholder and property owner
• Cardholders earn rewards points at no cost
• Cardholders can pay rent on Bilt Rewards app and then check sent directly to landlord of building that currently doesn’t accept credit cards for rent payments
• Cardholders can earn 2X points within Bilt Rewards’ loyalty program – rewards can be used for travel, hotels, rent credits or towards a future down payment on a house
• Credit-building opportunities for every on-time rent payments to improve credit scores and borrowing rates

Bilt Mastercard Designed Expressly for Renters

According to Bilt Rewards founder and CEO, Ankur Jain, “Housing is the single largest expense for most Americans, and rent is one of the only expenses that you couldn’t earn points on without fees.  Together with Mastercard, we have created a product that turns renting into a path forward for this generation, enabling them to earn points, build their credit and even chart a path towards homeownership.  Not to mention it’s 2021, and renters shouldn’t have to pay rent with a check.”

Thanks to Inman.

URGENT: 2021 Results Released. New FREE On-Line Web Event Reveals 17 Surprising Secrets Of The Top 100 Millionaire Agents. Get Your FREE Spot For The On-Line Webinar Now. When You Attend This Event You Will Have A Sense Of Relief Knowing You Can FINALLY Laugh At Your Money Worries – If You Follow This Simple Plan. Learn How To Generate 100’s of Motivated Leads Without Coming Off As A Pushy Salesperson and Losing Your Soul. Learn Now How To Become One of the 1000s of Agents Making HUGE Money NOW Who Never Thought They Could.