Renters Could Collect Home Down-Payment Points With Credit Card

A new credit-card concept would allow cardholders to pay and build credit on their largest monthly expense: rent.

Bilt Technologies Inc., a real-estate startup, is joining with Evolve Bank & Trust and Mastercard Inc. to launch a credit card designed for renters. Users can accumulate rewards points through rent and other spending, with no fees charged to the tenant or the landlord when paying rent on the card, according to Bilt.