Bilt Mastercard®

Bilt Mastercard® Review

This is a secured credit card card issued by Wells Fargo Bank. If you're wondering whether bilt is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.49% up to 26.49%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. Bilt Mastercard® charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
• Accepts cosigners. Wells Fargo Bank is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, purchase protection, travel assistance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 670.

Pros & Cons of bilt

The Good	The Bad
No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Travel assistance insurance	Higher than average purchase APRs. You need good credit to qualify. Does not offer a signup bonus. Does not offer rewards or cash back. Does not report to credit bureaus. Charges a 5% balance transfer fee. After the introductory period, the fee is 5% of the balance transferred or $5, whichever is greater.

bilt FAQ

Does bilt have a cash back or rewards program?

No, it does not offer a rewards program.

What are the bilt benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Cell Phone Protection
• Travel Assistance

What are the relevant APRs for bilt?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Bilt Mastercard® has a variable purchase APR that ranges from 18.49% up to 26.49%. The card has a variable balance transfer APR that ranges from 18.49% up to 26.49%. It also has a variable cash advance APR of 26.24% .

What are the fees for bilt?

The following fees apply:

bilt Fees

Fees	Amount
Annual Fee	$0
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

How to apply for bilt

• Visit the bilt website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.