We wanted to create a card that lets people earn premium rewards and benefits without an annual fee and massive spending requirements. The Bilt Mastercard comes with premium benefits and features (like Trip Cancellation & Interruption (protection)* and Cell Phone Protection**) in addition to 1x points on rent (up to 50,000 per calendar year), 2x points on travel, and 3x on dining***. Usually, these types of benefits are reserved for annual fee cards.
In order to make this all available with no annual fee‡, we ask that you make a minimum of 5 transactions that post each statement period to earn points for that statement period. There is no minimum dollar amount for the transactions or amount of spend required and your rent payment is included in your count.
*Cardholders can receive reimbursement for the cost of scheduled common carrier passenger fare in the event the trip must be canceled or interrupted because of a covered reason. The entire fare, less redeemable certificates, vouchers, or coupons, must be paid with your Bilt World Elite Mastercard®. A maximum benefit amount and certain restrictions and limitations apply. Please review the Bilt World Elite Mastercard® Guide to Benefits for details.
**Cellular Telephone Protection can reimburse the eligible Bilt World Elite Mastercard Credit Card cardholder for damage to or theft of a cell phone. This is supplemental coverage not otherwise covered by another insurance policy (for example, cell phone insurance programs, or your homeowner's, renter's, automobile, or employer's insurance policies) and may be applied after all other insurance is exhausted. Reimbursement is limited to the repair or replacement of your original cell phone, less a $25 deductible with an allowable maximum of two paid claims per 12~month period. Each approved claim has a benefit limit of $800. This benefit does not cover cell phones that are lost (i.e., disappear without explanation). This protection is only available when cell phone bills are paid from your Bilt World Elite Mastercard Credit Card. The coverage does not apply if the cell phone bill is paid from a Wells Fargo Debit Card, Wells Fargo Business Credit Card, Wells Fargo Commercial Card, or from the card that is linked to a Line of Credit. Coverage does not apply to cell phones that are rented, borrowed, or received as part of a prepaid plan. Electronic failure or issues related to the software of the device are not covered. Cellular Telephone Protection coverage begins the first day of the calendar month following your first cell phone billing on your Bilt World Elite Mastercard Credit Card and remains in effect when you continue to charge your total monthly cell phone bill to your Bilt World Elite Mastercard Credit Card. This protection may not be equivalent to or better than other applicable coverage. For complete coverage benefits and exclusions regarding this protection go to www.wellsfargo.com/biltctp.
Note: Call your cellular provider (or sign on to their website) and request to set up automatic payments. Setting up automatic payments is not required to qualify for Cellular Telephone Protection however, you need to pay your monthly cell phone bill with your eligible Bilt World Elite Mastercard Credit Card to get up to $800 protection.
***When you make at least 5 posted transactions in a statement period using your Bilt Mastercard, you'll earn points on rent and qualifying net purchases (purchases minus returns/credits) for that statement period. Rent: you'll earn 1 rewards point per $1 spent on rent paid through the Bilt App with your card account up to a maximum of fifty thousand (50,000) points each calendar year. If your rent payment is less than $250, you will earn 250 points for that rent payment. Rent payments can only be made to one rental property per month. Travel: 2 rewards points (1 base point plus 1 bonus point) are earned per $1 spent on qualifying net purchases made directly at retailers whose Merchant Code for MasterCard is classified as airlines, hotels, motels, resorts, cruise lines, and car rental agencies (bus lines, passenger railways/ trains, taxicabs and limousines, rideshares, ferries, timeshares, travel agencies, online travel sites, real estate agents, vacation rental platforms (e.g. VRBO, Airbnb), campgrounds, boat lease/rental, motor home/recreational vehicle rental, toll bridges and highways, parking lots, and garages are not considered travel). Dining: 3 rewards points (1 base point plus 2 bonus points) are earned per $1 spent on qualifying net purchases at retailers whose Merchant Code for Mastercard is classified as eating places and restaurants, drinking places, bakeries, or fast food restaurants (caterers, grocery stores, and other miscellaneous places that serve food or operate restaurants on their premises are not considered eating places and restaurants). Purchases not processed using the Merchant Codes for Mastercard mentioned above will not qualify for bonus points Wells Fargo does not have the ability to control how a retailer chooses to classify their business and therefore reserves the right to determine which purchases qualify for bonus points. You may not earn bonus points for purchases made through third-party payment accounts, at online marketplaces, with retailers who submit purchases using a mobile/wireless card reader, or if you use a mobile or digital wallet. Other purchases: 1 rewards point will be earned per $1 spent on other qualifying net purchases. If you do not make at least 5 transactions that post to your account in a statement period you'll earn a flat 250 points when you use your Bilt Mastercard to pay rent through the Bilt App. ATM charges, cash advances, traveler's checks, money orders, pre-paid gift cards, balance transfers, SUPERCHECKS™, wire transfers, fees or interest posted to your card account such as returned payment fees, late fees, monthly or annual fees, bets or wagers transmitted over the internet, and casino gaming do not earn points. Refer to the Bilt World Elite Mastercard® Rewards Program Terms and Conditions for details.