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Earlier this week, Bilt sent out a message to members, which you can read below since it was posted on Reddit as well, that informs members that Bilt is rolling out a new payment platform, BillPay by Bilt. This is a new payment platform that Bilt has been working on for quite some time that will facilitate not only rent outside of their network ( so this would be if Bilt currently sends ach, venmo, paypal, rental portal, etc – those with physical check payments are unaffected ) but also mortgage payments and many other uses ( I can’t really say much more, but it’s quite exciting – I am a Bilt advisor and investor ).
I attended an investor/advisor meeting in Feb where BillPay was discussed and without disclosing any additional information…it’s going to be good, very good, for earning Bilt points on other future bill types. Remember that Bilt Rewards is a free rewards program, you don’t need the Bilt Mastercard® to participate, you can simply add your own credit cards into the app and earn Bilt points right alongside your other credit card points through their Bilt Neighborhood Benefits™ – this currently includes dining, fitness, pharmacy, and lyft.
IF YOU USE BILT TO PAY YOUR RENT OUTSIDE OF BILT’S NETWORK – YOU NEED TO UPDATE YOUR DETAILS BY APRIL 29th
The way that Bilt is going to process these payments is a new piece of technology called BillPay by Bilt. You need to get issued a new routing and account number. You need to do so by April 29th.
- Go to the Bilt app and pre-authorize your rent payment
- Get issued a new BillPay by Bilt account and routing number
- Submit your rent payment as usual with the new numbers
The full Reddit post is below but here are the FAQs
- This does not affect BiltProtect.
- The auto-authorize feature will be live next week. If you want to use this, you can instead of authorizing each month.
- You don’t need to authorize the exact amount of rent including utilities. If you authorize within a reasonable amount (a few hundred dollars) you payment will be fine.
- BillPay is designed for many more uses to earn rewards on other than rent and mortgage.
- You only need to update the account and routing numbers once on the first time you pay rent.
- You can still pay rent by Venmo
Hey everyone,
Members who live outside of our network and pay rent with a Rent Rewards account (the routing and checking account number) will receive an email today announcing an update to how you pay rent thanks to our revamped BillPay by Bilt system.
This has no effect on the points you earn, their value or how you redeem points.
As we’ve scaled (now 1 in 4 apartment buildings nationwide) we needed a more seamless and secure payment process while building the foundation for new features – including our mortgage rewards program launching this year, and other future bill types.
Going forward, here’s how you’ll pay rent:
- Pre-authorize your payment in the Bilt app – this will include selecting your rent amount and how you want to pay rent (Bilt Mastercard for waived fees, other cards for earning both Bilt Points and your card’s rewards like the 3X Alaska miles when using an Alaska card)NOTE: You’ll receive new BillPay by Bilt routing and account numbers the first time you do this and will need to update it in your property’s payment portal – you’ll only need to do this the first time and it needs to be done by April 29th
- Submit your rent payment as usual through your property’s payment portal. Make sure to submit your payment within 5 days of authorizing it in the Bilt app
If you live in a building in the Bilt network or pay rent by check, there is no change to how you pay rent today.
No, the BillPay by Bilt routing and account numbers won’t work on anything besides rent/HOA….yet. This is pretty exciting stuff as we scale, and unreal to think of compared to where we started four years ago.
As always, appreciate the reddit community being our biggest fans and source of feedback. Our focus has been on setting up this BillPay infrastructure, but look for several more notes in rapid succession on the many things coming in 2025, including our card 2.0. – Kerr, Bilt
Update with FAQ:
- This does not affect BiltProtect.
- The auto-authorize feature will be live next week. If you want to use this, you can instead of authorizing each month.
- You don’t need to authorize the exact amount of rent including utilities. If you authorize within a reasonable amount (a few hundred dollars) you payment will be fine.
- BillPay is designed for many more uses to earn rewards on other than rent and mortgage.
- You only need to update the account and routing numbers once on the first time you pay rent.
- You can still pay rent by Venmo
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.