With the Bilt Mastercard®, you can use BiltProtect and pay rent without using your available credit line and still earn points (1x on rent and up to 100,000 points per calendar year)**. When you submit rent payments with BiltProtect turned on, a withdrawal will be initiated from your linked bank account and money will be transferred to pay your rent through the Bilt Mastercard network. This will be reflected on both your Bilt Mastercard account statement under the BiltProtect Summary, and your Bilt account as two transactions canceling each other out. A BiltProtect ACH transaction is not a credit card transaction and will not affect your Bilt Mastercard account.
When BiltProtect is not on, you may charge your rent directly to your Bilt Mastercard and it will work like any other charge on your credit card. To avoid interest on charges on your card, make sure to pay your full statement balance before the due date each month.
**When Bilt Protect is enabled, you can initiate a BiltProtect Rent ACH transaction to use your Bilt Mastercard to pay your monthly rent by transferring funds from a linked qualifying deposit account. A BiltProtect Rent ACH is not a credit card purchase transaction. Remember to make 5 transactions that post to your account each statement period to earn points. For funds to transfer, you must link a qualifying deposit account on the Bilt app or the Bilt Rewards website. For more information, review the Bilt World Elite Mastercard® Credit Card Account Agreement.