Bilt Launches New Credit Cards With Mortgage and Rent Rewards: What to Know
The New York Times • • business
Key Points:
- Bilt, known for allowing renters to earn rewards on rent payments since 2021, is now extending its program to homeowners by enabling mortgage holders to earn points on monthly payments starting February 7.
- The company is launching three new credit cards and has introduced a new rewards currency to enhance its offerings.
- Bilt's rewards system has become notably complex, requiring significant effort even from experienced users to understand the new features.
- To attract customers, Bilt is capping interest rates at 10 percent on new purchases for the first year, a move reminiscent of legislative interest rate caps.
