Bilt
1. Overview
Bilt Rewards is a U.S.-based fintech platform that turns rent into rewards. Founded in 2019 by Ankur Jain, it allows users to earn points on rent and everyday purchases while building credit. Bilt is best known for its no-fee rent payments and its co-branded Bilt Mastercard, issued by Wells Fargo.
2. Use Case
Bilt users can:
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Earn points on rent, travel, dining, and fitness
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Build credit via on-time rent reporting
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Redeem points for flights, hotels, fitness memberships, or mortgage payments
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Access Rent Day monthly promotions (bonus points, giveaways, interest boosts)
More info via NerdWallet and The Points Guy.
3. Regulatory & Compliance Overview
Issuer: Wells Fargo Bank, N.A.
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Bilt’s Mastercard is issued by a fully regulated U.S. national bank under the Office of the Comptroller of the Currency (OCC) and subject to FDIC oversight.
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As a credit-building platform, Bilt must comply with the Fair Credit Reporting Act (FCRA) and Truth in Lending Act (TILA) when reporting rent payment data to Equifax, Experian, and TransUnion.
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Bilt also complies with U.S. consumer data protection and anti-money laundering (AML) rules through its banking partner.
No enforcement actions or regulatory warnings against Bilt Rewards or its partners are publicly known as of July 2025.
Privacy & Legal:
4. Customer Reviews
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Trustpilot: 4.6 / 5 stars, 55,000+ reviews
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App Store: 4.9 / 5 stars (100,000+ reviews)
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Common praise: intuitive app, helpful Rent Day perks, smooth point redemption
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Occasional complaints: delays in credit reporting, limitations for landlords not onboarded
5. Earning & Redemption
With Bilt Mastercard:
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3x points on dining
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2x points on travel
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1x point on rent and all other purchases
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0 fees on rent payments (up to 100k points/year)
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Extra bonuses on Rent Day each 1st of the month
Without Card:
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Earn 250 points/month through Bilt Pay
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Rent reporting for credit-building still available
Redemption:
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1:1 transfers to major travel partners (e.g., United, Hyatt, American Airlines)
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Use points for rent, mortgage, student loan payments, fitness memberships, or book through Bilt Travel Portal(Expedia-powered)
See also Frequent Miler’s Guide.
6. Financial Strength & Growth
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Valuation: $3.25 billion (as of 2024)
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Backed by: Wells Fargo, Mastercard, Greystar, Left Lane Capital, Blackstone
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Payment Volume: $20+ billion in annual rent transactions
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Reach: 2M+ residential units; accepted across the U.S.
7. Final CyberFinance Compliance Rating
| Category | Rating | Notes |
|---|---|---|
| Authorization | 🟢 GREEN | Through regulated partner (Wells Fargo) |
| Transparency | 🟢 GREEN | Open policies, team, investor visibility |
| Customer Feedback | 🟢 GREEN | Excellent across Trustpilot and app stores |
| Legal/Compliance | 🟢 GREEN | FCRA, TILA, AML, FDIC-linked via Wells Fargo |
🟢 Final Rating: GREEN SIGNAL
📌 Ratex42 Summary
Bilt Rewards is a standout in the loyalty ecosystem. It bridges rent payments, credit-building, and lifestyle rewards with strong regulatory backing and customer satisfaction. Through its regulated card issuer and full compliance with consumer finance laws, Bilt earns a solid Green Signal from Ratex42.
