Our top picks of timely offers from our partners

More details
UFB Secure Savings
Learn More
Terms Apply
Up to 5.25% APY on one of our top picks for best savings accounts plus, no monthly fee
National Debt Relief
Learn More
Terms Apply
National Debt Relief helps consumers with over $10,000 of unsecured debt and has operated since 2009
LendingClub High-Yield Savings
Learn More
Terms Apply
Our top pick for best savings accounts for its strong APY and an ATM card with no ATM fees
Choice Home Warranty
Learn More
Terms Apply
Protects 25+ systems & appliances. Free quote + $50 off + 1 month free
Freedom Debt Relief
Learn More
Terms Apply
Freedom Debt Relief can help clients get started without fees up front
Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links. This commission may impact how and where certain products appear on this site (including, for example, the order in which they appear). Read more about Select on CNBC and on NBC News, and click here to read our full advertiser disclosure.
Credit Cards

This credit card wants to ease the sting of rent day by offering double points and other perks

Bilt Rewards introduces 'Rent Day,' offering members extra rewards on the first of every month.

Share
Photo courtesy of Bilt Rewards

The start of a new month can be overwhelming. Although it marks an opportunity to set new goals and plan your budget for the coming month, for many people, it also signals when bills and rent are due.

To cushion the blow, Bilt Rewards, the loyalty program that enables you to earn rewards on rent payments with no transaction fees, is introducing "Rent Day." On the first of every month, members will be rewarded with accelerated points earnings and access to special offers and experiences, such as buy-one-get-one SoulCycle rides.

Here's a closer look at all the benefits.

Subscribe to the Select Newsletter!

Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here.

Bilt Rent Day

Bilt Rent Day will occur on the first of every month, starting October 1, and will be available to all Bilt Rewards members and Bilt Mastercard® cardholders. There's no additional registration required to participate.

As a refresher, the Bilt Mastercard is a no-annual-fee credit card that lets you earn points for using it to pay for rent and other transactions. Points can be redeemed for travel through one of Bilt's hotel or airline transfer partners, fitness classes with SoulCycle and several other studios, limited-edition artwork and home decor, next month's rent or even toward a down payment on a home. Read our Bilt Rewards review to learn more.

Bilt Mastercard®

On Bilt's secure site
  • Rewards

    Earn points when you make 5 transactions that post each statement period - up to 1x points on rent payments without the transaction fee (up to 100,000 points each calendar year), 3x points on dining, 2x points on travel, and 1x points on other purchases.

  • Welcome bonus

    None

  • Annual fee

    None

  • Intro APR

    N/A

  • Regular APR

    See Terms

  • Balance transfer fee

    Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer ($5 minimum).

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

See rates/fees and rewards/benefits; terms apply.

Pros

  • No annual fee
  • Solid rewards on broad spending categories
  • Ability to pay your rent with no transaction fees
  • Transfer points to leading frequent traveler programs at a 1:1 rate, including American Airlines, United and World of Hyatt®

Cons

  • No welcome offer
  • No introductory 0% APR

Double points earnings

Going forward, Bilt Mastercard cardholders will earn double points on all non-rent purchases during the 24-hour window on the first day of every month. Cardholders can earn up to 10,000 bonus points per month under this promotion.

This increases the earning rates to the following:

  • 6X points on dining (usually 3X)
  • 4X points on travel (usually 2X)
  • 2X points on all other non-rent purchases (usually 1X)

These earning rates make the Bilt card quite lucrative, making it a better option to use than a travel card like the Chase Sapphire Preferred® Card or American Express® Gold Card when spending on the first day of the month. Terms Apply.

SoulCycle buy-one-get-one offer

As a part of its partnership with SoulCycle, Bilt will host "Rent Day, Ride Together" classes on the first of every month at over 50 studios nationwide. When members book these special-themed classes, they will receive a complimentary bike for a friend.

Other perks

In addition to these ongoing benefits, Bilt will offer various offers and experiences which will change monthly.

To kick things off, Bilt is offering two-for-one cruise fares on Virgin Voyages. Unlike the usual Rent Day offers, this discount will be available through Oct. 31, 2022.

Bilt will also host rent giveaways and the opportunity to earn free Bilt points through a virtual trivia game.

Bottom line

Bilt continues to impress with new benefits and offers for rewards members and Bilt Mastercard cardholders. While you shouldn't expect to earn heaps of bonus points through these promotions, with the price of consumer goods and services continuing to rise, every opportunity to save some money helps.

Catch up on Select's in-depth coverage of personal financetech and toolswellness and more, and follow us on FacebookInstagram and Twitter to stay up to date.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Chime
Learn More
Terms Apply
Chime offers online-only accounts that minimize fees plus, get paid up to 2 days early with direct deposits
Find the right savings account for you
Learn More
Terms Apply
Help your money grow by finding the savings account that offers the best rates and features for you