Word of advice
I like my Bilt card overall, however, my mom also uses a Bilt card and she chose to use the credit reporting tool that they offer which allows you to build credit for paying rent. My mom has over a 780 credit score and has never missed a payment. Recently she received an email from Bilt stating that they were going to negatively report a missed rent to her credit report even though her rent was paid. The reason for this is because she received a referral bonus towards her rent for referring a friend to her apartment complex. Because she had to pay less rent that month and it didn’t add up to the amount that Bilt saw on her lease, they decided to send her an email saying that she needed to prove that she paid her full rent. This is inconvenient and unnecessary to have to prove that you paid your rent just because you received a referral bonus or perhaps your rent was cheaper one month. Additionally once you are enrolled in the credit reporting program there is absolutely no way to cancel it and you’re stuck until the lease is over.
Also keep in mind that Bilt uses Wells Fargo. Wells Fargo is known to be the bottom of the barrel in reputable banks.
Also keep in mind that Bilt uses Wells Fargo. Wells Fargo is known to be the bottom of the barrel in reputable banks.
Show less
