Wells Fargo will offer a credit card that will uniquely allow rent payments made on the card to gain points that can cover the cost of other expenses.

The points allow users to earn money back on their rent which is one of the top major costs for a large portion of people living in the U.S. The accumulated points can also be used towards rent credits and payment towards a down payment on a house, making it a first of its kind.

“Rent is the single largest expense for the vast majority of American renters, yet it’s never been a tool that helps consumers confidently enter the housing market,” said Dan Dougherty, executive vice president, Head of Partnerships and Branch Cards at Wells Fargo in a press release on Monday.

“Wells Fargo can now help renters with the card take their biggest expense and turn it into a rewarding experience, including helping them build a path to homeownership,” Dougherty added.

Points can also be used to spend on travel, fitness and dining, along with those costs also having the ability to accumulate points.

The card is through a partnership between Wells Fargo and Blit Mastercard and will also have a zero-dollar annual fee.

“Bilt members and cardholders can redeem their points for travel across over 100 major hotel and airline partners (through points transfers); fitness classes at the country's top boutique studios including: SoulCycle, Solidcore, Rumble and Y7; limited-edition and exclusive collections of art and home decor through the Bilt Collection; and can even use their points for rent credits,” the press release reads.

To avoid a piling up of charges, the card will pull funds directly from a bank account for the rent payments.

“BiltProtect ensures that renters aren’t using up their credit line to finance rent by pulling funds directly from their linked bank account with each rent charge,” the release added.