Wells Fargo Bilt Rewards Credit Card: Features, Benefits 2023

The Wells Fargo Bilt Rewards Credit Card is a co-branded credit card offered by Wells Fargo and Bilt Rewards. The card is designed to give customers a way to earn rewards on their everyday purchases, including rent payments. The card offers a variety of features and benefits, including bonus rewards, no annual fee, and a low introductory APR. It is an ideal choice for individuals looking for a credit card that offers a unique combination of rewards and flexibility.

Difference Between The Bilt Mastercard & Wells Fargo Bilt Rewards Credit Card

The Bilt Mastercard and the Wells Fargo Bilt Rewards Credit Card are two different credit cards that offer different benefits and features to their users. Here are some of the main differences between the two cards:

Issuing bank: The Bilt Mastercard is issued by Mastercard and backed by Evolve Bank & Trust, while the Wells Fargo Bilt Rewards Credit Card is issued by Wells Fargo Bank.

Rewards program: The Bilt Mastercard offers points for paying rent through the Bilt app, as well as for purchases made with the card. The points can be redeemed for travel, merchandise, and other rewards. The Wells Fargo Bilt Rewards Credit Card also offers rewards for paying rent through the Bilt app, as well as for purchases made with the card. However, the rewards are in the form of cashback, which can be redeemed for statement credits, deposits to a Wells Fargo account, or gift cards.

Features offered: The Bilt Mastercard offers a few unique features, such as the ability to earn bonus points for reaching certain spending thresholds and the option to transfer points to airline loyalty programs. The Wells Fargo Bilt Rewards Credit Card offers features such as zero liability protection, travel and emergency assistance, and cell phone protection.

Here’s a table comparing some of the key features of the two cards:

Feature	Bilt Mastercard	Wells Fargo Bilt Rewards Credit Card
Issuing bank	Mastercard/Evolve Bank & Trust	Wells Fargo Bank
Rewards Program	Points for rent and card purchases	Cashback for rent and card purchases
Bonus rewards	Yes, for reaching spending thresholds	No
Rewards redemption options	Travel, merchandise, gift cards	Statement credits, deposits, gift cards
Points transfer options	Yes, to airline loyalty programs	No
Annual fee	$0	$0
Zero liability	Yes	Yes
Travel and emergency assistance	No	Yes
Cell phone protection	No	Yes

In terms of additional features and benefits, both the Bilt Mastercard and the Wells Fargo Bilt Rewards Credit Card offer similar perks, such as no foreign transaction fees, bonus rewards for eligible rent payments, and the ability to earn rewards on everyday purchases.

However, there are some notable differences between the two cards. For example, the Wells Fargo Bilt Rewards Credit Card offers more bonus rewards categories beyond just rent payments, such as dining, gas, and travel. It also offers a sign-up bonus, which the Bilt Mastercard does not.

On the other hand, the Bilt Mastercard offers a unique feature called “Bilt Rewards Boost,” which allows cardholders to earn even more rewards when they shop at select merchants through the Bilt Rewards app.

Another difference between the two cards is their issuer. The Bilt Mastercard is issued by Evolve Bank & Trust, while the Wells Fargo Bilt Rewards Credit Card is issued by Wells Fargo Bank.

Ultimately, the choice between the two cards will depend on your personal preferences and spending habits. It’s important to compare the features, benefits, and fees of each card before making a decision.

Learn More About Bilt Rewards Credit Card: Click Here

Benefits of Wells Fargo Bilt Rewards Credit

Here are the details of benefits and rewards offered by the Wells Fargo Bilt Rewards Credit Card:

Sign-up bonus: Earn 15,000 bonus points after spending $1,000 in purchases in the first 3 months after account opening.
Rewards program: Earn 5x points per $1 spent on eligible purchases at Bilt by Agora, 2x points per $1 spent on eligible travel purchases, and 1x point per $1 spent on all other purchases.
Redeeming rewards: Redeem points for travel, cash back, merchandise, gift cards, or statement credits. Points are worth 1 cent each when redeemed for cash back or statement credits, but can be worth more when redeemed for travel.
Annual fee: $0
Introductory APR: 0% introductory APR for 15 months on purchases and balance transfers, then a variable APR of 14.49%-24.99% applies.
Bonus Points: You can earn bonus points by making purchases in the first 3 months of opening your account.
Cell Phone Protection: The Wells Fargo Bilt Rewards Credit Card offers up to $600 of cell phone protection against damage or theft.
Travel Protection: You can enjoy travel protection benefits such as lost luggage reimbursement, travel accident insurance, and emergency assistance services.
Purchase Protection: The Wells Fargo Bilt Rewards Credit Card offers purchase protection against damage or theft of your eligible purchases for up to 90 days from the date of purchase.
Fraud Protection: Wells Fargo monitors your account for potential fraudulent activity and will alert you if any suspicious activity is detected.
Contactless Payment: You can make contactless payments with your Wells Fargo Bilt Rewards Credit Card using your mobile device or contactless-enabled card.
Credit Score Access: Wells Fargo provides you with free access to your FICO credit score so you can monitor your credit and identify areas for improvement.

Some examples of the rewards you can earn with the Wells Fargo Bilt Rewards Credit Card include:

3 points per dollar spent on eligible dining purchases
2 points per dollar spent on eligible gas station and grocery store purchases
1 point per dollar spent on all other purchases

You can redeem your points for statement credits, gift cards, travel, merchandise, or cash back. For example, you could redeem 10,000 points for a $100 statement credit or a $100 gift card to your favorite retailer.

To apply for the Wells Fargo Bilt Rewards Credit Card, you can visit their website at https://creditcards.wellsfargo.com/bilt-rewards-credit-card and follow the application process. You will need to provide personal and financial information, such as your name, address, income, and credit score. Once approved, you can start using your card to earn rewards and take advantage of its benefits.

Rent Payment Benefits of Wells Fargo Bilt Rewards Credit Card

The Wells Fargo Bilt Rewards Credit Card offers rent payment benefits that allow cardholders to earn points on rent payments made through the Bilt Rewards platform. Here are the details:

Earn 1 point per $1 spent on rent payments: Cardholders can earn 1 point per $1 spent on rent payments made through the Bilt Rewards platform, up to a maximum of 2,500 points per month. This is a great way to earn points on a recurring expense that you’re likely already paying.
No additional fees for paying rent with a credit card: Some property management companies charge a fee for paying rent with a credit card, but Bilt Rewards does not. This means you can earn points on your rent payments without any additional costs.
Flexible payment options: The Bilt Rewards platform allows you to choose from several payment options, including automatic payments, one-time payments, and split payments. You can also choose to pay with a bank account or a credit or debit card.
Potential bonus points for new cardholders: Wells Fargo occasionally offers bonus points for new cardholders who make rent payments through the Bilt Rewards platform. Be sure to check for any current promotions when you sign up for the card.

Overall, the rent payment benefits of the Wells Fargo Bilt Rewards Credit Card can help you earn points on a significant expense each month, with no additional fees.

How to Apply for Wells Fargo Bilt Rewards Credit Card?

To apply for the Wells Fargo Bilt Rewards Credit Card, follow these steps:

Go to the Wells Fargo Bilt Rewards Credit Card application page: https://creditcards.wellsfargo.com/bilt-rewards-credit-card
Click on the “Apply Now” button.
Provide your personal information, including your name, address, social security number, and employment information.
Review the terms and conditions of the credit card agreement and click “Submit”.
Wait for a decision. If approved, you will receive your new card in the mail within 7-10 business days.

Alternatively, you can also apply for the Wells Fargo Bilt Rewards Credit Card by visiting a Wells Fargo branch or by calling the Wells Fargo customer service number at 1-800-869-3557.

Here are the contact details for Wells Fargo customer service:

Phone: 1-800-869-3557 Online: https://www.wellsfargo.com/help/contact-us/

Note: The application process and requirements may vary depending on your location and credit history.

Drawbacks of Wells Fargo Bilt Rewards Credit Card

While the Wells Fargo Bilt Rewards Credit Card offers many benefits and rewards, there are also some drawbacks to consider. Here are some of the potential downsides of this card:

Limited rewards categories: The rewards program for the Wells Fargo Bilt Rewards Credit Card is limited to certain categories, such as rent payments and utilities. This means that you may not earn as many rewards on other types of purchases.
Annual fee: The Wells Fargo Bilt Rewards Credit Card has an annual fee of $0 for the first year, then $120. While this fee may be worth it for some cardholders, it could be a drawback for those who want a no-fee card.
High APR: The APR for the Wells Fargo Bilt Rewards Credit Card can be high, ranging from 15.49% to 24.99% variable, depending on your creditworthiness. This can make carrying a balance on the card expensive.
Limited redemption options: While the rewards program for the Wells Fargo Bilt Rewards Credit Card offers many ways to earn points, the redemption options are more limited. Cardholders can only redeem points for statement credits, gift cards, and merchandise.

Comparison with other cards:

Chase Freedom Unlimited: The Chase Freedom Unlimited card has no annual fee and offers a flat 1.5% cash back on all purchases. While it doesn’t have the same rent payment rewards as the Wells Fargo Bilt Rewards Credit Card, it offers more flexibility in earning rewards on a wider range of purchases.
Citi Double Cash Card: The Citi Double Cash Card offers 2% cash back on all purchases (1% when you buy and 1% when you pay). It has no annual fee and offers a more straightforward rewards program without category restrictions.
American Express Blue Cash Preferred: The American Express Blue Cash Preferred card offers 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. supermarkets, and 1% cash back on other purchases. It has a $95 annual fee, but the rewards categories are more diverse and can potentially earn cardholders more rewards overall.

The Wells Fargo Bilt Rewards Credit Card offers several benefits and rewards, including a generous welcome bonus, accelerated rewards on certain categories, and a unique feature for earning rewards on rent payments. However, some drawbacks include high APR, limited redemption options, and a lack of flexibility in earning and redeeming rewards. Overall, it may be a good choice for those who frequently make rent payments and want to earn rewards, but it is important to consider the drawbacks and compare it with other credit card options before applying.