Is there a way you can rent to yourself so you can pay your mortgage with this card?
I have a WF home mortgage.
I have a WF home mortgage.
@Darinox wrote:Does anyone know of this card is subject to the following rule as it looks like the language has been removed from BILT's Terms and Conditions:
You may not qualify for an Wells Fargo credit card if you have opened a Wells Fargo credit card in the last 6 months.
I'm pretty sure that stipulation still applies to the BILT card, @Darinox. The BILT "Terms and Conditions" apply to the rewards program and assumes you already have the card. The possible restrictions on card approval and/or eligibility for any SUBs is more of a lender policy that is separate from those T&C. If you look at the Wells Fargo Credit Cards overview page at the bottom fine print (see link), it discloses (for all cards) that:
- Credit card is subject to credit qualification.
- Eligibility for introductory rate(s), fees, and bonus rewards offers
- You may not be eligible for introductory annual percentage rates, fees, and/or bonus rewards offers if you opened a Wells Fargo credit card within the last 15 months from the date of this application and you received introductory APR(s), fees, and/or bonus rewards offers — even if that account is closed and has a $0 balance.
- You may not qualify for an additional Wells Fargo credit card if you have opened a Wells Fargo credit card in the last 6 months.
Just wandering around and discovered BILT cards, and their options for sending a check for rent payment / making rent payments (getting return percentage of this).
Anyone have any experience with this? Pros? Cons?
Also.. is the card hard to get? Any perspective on scores needed?
*edit..... Looks like... my post was merged with another thread???
I'm not sure....... I'm not sure. It's a mashup. 
To those who responded, thank you (!). Still learning about this and deciding if..it's worth it on the Rent front.
@righthererightnow wrote:Just wandering around and discovered BILT cards, and their options for sending a check for rent payment / making rent payments (getting return percentage of this).
Anyone have any experience with this? Pros? Cons?
Also.. is the card hard to get? Any perspective on scores needed?
A bit off-topic as I don't have the card or much info about it, but an easy alternative to this, without having to apply for new credit, is the virtually fee-free Discover Cashback Debit checking account. You get a 1% cashback on up to $3,000 a month on debit card transactions, including online.
@axlm wrote:
@righthererightnow wrote:Just wandering around and discovered BILT cards, and their options for sending a check for rent payment / making rent payments (getting return percentage of this).
Anyone have any experience with this? Pros? Cons?
Also.. is the card hard to get? Any perspective on scores needed?A bit off-topic as I don't have the card or much info about it, but an easy alternative to this, without having to apply for new credit, is the virtually fee-free Discover Cashback Debit checking account. You get a 1% cashback on up to $3,000 a month on debit card transactions, including online.
Yes, but why would you use a debit card over a credit card when a CC offers you more protections/benefits and also in case of fraud, it won't jeopardize your own money. Plus most CCs already offer 1% cashback at a minimum.
@righthererightnow wrote:Just wandering around and discovered BILT cards, and their options for sending a check for rent payment / making rent payments (getting return percentage of this).
Anyone have any experience with this? Pros? Cons?
Also.. is the card hard to get? Any perspective on scores needed?
I was just approved for this card today & I had a lengthy discussion with a WF Bilt customer service representative...
In order to send checks in the mail they will actually draw the money the very same day from a checking account. So as soon as the rent payment posts to your account it will be paid down to zero from your linked checking. You are required to turn-on Autopay to send a monthly rent check.
EDIT* I'm not sure if the same process is required if plan to pay your rent digitally without Bilt mailing a check. You must connect Plaid for this option I am almost sure.
ALSO another important bit of inforomation is you MUST make 5 transactions a month to receive ANY Rewards points for that given month...
Paying rent through Bilt MC will earn you 1x Bilt Rewards points; travel purchases will earn you 2x & dining gets 3x....
Oh also the first 30 days after approval you will earn 2x on nonrent purchases, excluding other categories earning 2x or greater