Payment Basics

The minimum amount of transaction a member needs to make to earn rewards

• 5 minimum transaction

• Statement Due Date

• Statement Cycle

• Active Points

Can an INN member use the Rent Rewards Account to pay rent?

• True

• False

Stands for Automated Clearing House, a U.S. financial network used for electronic payments and money transfers.

• HOA

• AHC

• Bank Account

• ACH

A credit card's interest rate is the price you pay for borrowing money.

• Interest Fee

• Yearly Rate

• Late Charges

• APR

The Bilt Alliances is the collection of multiple properties outside of the Bilt Rewards Alliance

• False

• True

Is The space provided on a check where the payer can include a brief description or note about the purpose or reference for the payment.

• Rent Payment

• Check Memo

• Bilt Protect

• Email notification

The maximum amount of credit or borrowing capacity that a lender or financial institution grants to an individual or entity.

• Outstanding Balance

• Statement Balance

• Credit Limit

• Convenience Fee

A feature that is automatically enabled for your Bilt Mastercard and helps ensure that you aren't charged fees on your rent payment.

• Fee Protect

• Bilt Protect

• Offsetting charge

It is a self-governing organization in common-interest communities where homeowners collectively pay fees to maintain the units or neighborhood

• Association

• HOA

• ACH

• Utility Fees

It is s a book in which a company or organization writes down the amounts of money that it spends and receives.

• Lease agreement

• Ledger

• Tenant's Balance

• Running Balance