The Bilt Mastercard is a no-annual-fee card that offers a unique value proposition: It allows you to pay rent with your credit card and earn rewards, while avoiding the transaction fees you’ll typically face when trying to pay rent with any other credit card. When you sign up for the card, you’ll receive a unique routing number and account number tied to your card that lets you pay rent through an online portal as if you’re paying with an ACH transaction, which is typically fee free. You’ll earn 1 point per dollar spent (up to 100,000 points each calendar year). If your landlord or apartment complex only accepts rent payments via check, you can also have Bilt mail a check instead and still earn 1x points on the transaction. 

In addition to earning points on rent payments, you’ll also earn 3x points on dining, 2x points on travel and 1x points on other purchases — a respectable rewards rate for a no-annual-fee card. Then on the first of every month, or “Rent Day,” you’ll earn double points on all nonrent purchases (up to 10,000 bonus points). This boosts your rewards rate to 6x points on dining, 4x points on travel and 2x points on all other purchases for that day only. You’ll need to make five purchases each month with your Bilt card to qualify for rent points and points on qualifying net purchases.