NEW YORK—Bilt Rewards has introduced a revamped rewards program that allows cardholders to earn bonus points in new spending categories and simplifies earning points on the largest expense for many Americans—rent.
Under the program, cardholders will earn 1X points per dollar spent on rent payments (up to $50,000 each year); 2X point per dollar spent on travel; and 3X point per dollar spent on dining, CNBC said.
“In many cases, landlords will charge you a processing fee if you pay your rent with a credit card, making it costly to earn rewards. However, if you pay your rent through the Bilt app, Bilt will cover that fee (usually around 3%) in full and send your landlord a check on your behalf,” CNBC reported.
New cardholders also receive an extra boost to their earnings from the start, as they can earn 2X points per dollar spent on all eligible purchases for the first 30 days of card membership.