Bilt’s 10% Interest Rate Is Turning Heads—But It’s Not the Lowest APR Right Now

Core Insights - Bilt has introduced new credit cards with a 10% introductory Annual Percentage Rate (APR) for the first year, aligning with President Trump's recent proposal to cap all credit card rates at that level [2][3] - The Bilt credit cards also allow homeowners to earn reward points on mortgage payments, but they may not be the most advantageous option compared to other credit cards available in the market [2][5] Credit Card Market Context - The introduction of Bilt's credit cards comes at a time when credit card interest rates are near record highs, causing financial strain for many Americans [4] - Other credit card companies offer lower introductory APRs, with some providing 0% APR for extended periods, making them potentially more attractive options for consumers [5][6] Interest Rate Dynamics - After the 10% introductory period for Bilt cards, the APR will increase to a variable rate ranging from 26.74% to 34.74%, depending on the consumer's credit score and market conditions [7][8] - As of November 2025, the average credit card interest rate was reported at 20.97%, indicating that Bilt's post-introductory rates could significantly impact consumers' financial obligations [8]