American Express Membership Rewards and Chase Ultimate Rewards factors have been the creme de la creme of bank card factors for years. With their intensive record of switch companions, TPG values their factors at 2 and a couple of.05 cents apiece, respectively. Whereas there are a lot of methods to get way more worth for reserving luxurious flights and resort stays, the factors and miles panorama has lately turn out to be more and more aggressive. Virtually each bank card issuer has launched a rewards program to incentivize spending inside its ecosystem.
One among these newcomers is Bilt Rewards — and it is constructed (sure, pun supposed) like none different. You’ll be able to earn points for paying rent, which is nice information since renting can quantity to thousands of dollars spent annually. Regardless of being a brand new participant on this aggressive discipline, Bilt Rewards has a formidable lineup of switch companions, together with American Airlines AAdvantage and World of Hyatt.
We worth Bilt factors at 2.05 cents every, although there are many methods to get extra worth from them. Maintain studying as we delve into all the small print of the Bilt Rewards loyalty program, exploring easy methods to earn and redeem factors for max worth.
The way to earn Bilt Rewards factors
This is the very first thing you must know: You do not want the Bilt Mastercard® (see rates and fees) or to pay hire to earn Bilt factors. There are seven main methods to earn Bilt factors.
Earn Bilt factors by paying hire
You’ll be able to earn 250 factors per on-time hire fee at Bilt Rewards Alliance properties by Automated Clearing Home or non-Bilt playing cards. Meaning you may earn as much as 3,000 factors per 12 months, which we worth at $61.50.
Alternatively, you may earn 1 level per greenback spent on hire at any dwelling (as much as 100,000 factors per 12 months) by paying your hire with the Bilt Mastercard®. You’ll be able to pay your hire on-line together with your Bilt Mastercard by the Bilt app. In case your landlord solely accepts bodily checks, do not fret. You’ll be able to nonetheless pay your hire with the Bilt Mastercard on the app, after which Bilt will immediately mail your landlord a hire test every month, permitting you to earn factors on hire with out incurring any further charges.
Earn Bilt factors with the Bilt Mastercard
Talking of the Bilt Mastercard, it affords a easy incomes construction:
- 3 factors per greenback on eating
- 2 factors per greenback on journey
- 1 level per greenback spent on hire funds (as much as 100,000 factors per 12 months)
- 1 level per greenback on all different purchases
You will need to use your card at the least 5 occasions throughout every assertion interval to earn factors.
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There’s an entire suite of spectacular perks for this no-annual-fee card, together with complimentary cellphone protection, trip cancellation and interruption protection, no foreign transaction fees (see rates and fees) and extra. You do not want to pay hire to use for the Bilt Mastercard.
Associated: Should you use the Bilt Mastercard? Why it could be a game changer for renters
Earn Bilt factors by Bilt Eating
Bilt additionally has its personal eating rewards program, Bilt Dining. At the moment, this system operates in Atlanta, Boston, Chicago, Dallas and New York Metropolis, although there are plans so as to add extra cities.
You’ll be able to hyperlink any Visa, Mastercard or American Categorical bank card to the Bilt Eating program to earn 5 factors per greenback at Bilt Eating eating places while you pay with any eligible card in your Bilt Pockets.
These earnings are along with what you earn together with your bank card. For instance, in case you pay together with your Bilt Mastercard, you will earn 3 further factors per greenback spent, making for a complete of 8 Bilt factors per greenback spent. Put otherwise, that is a 16.4% return in your eating purchases.
Earn Bilt factors on the Bilt journey portal
Expedia powers Bilt’s travel portal, so you may earn factors on flights, stays, automotive leases and issues to do. As a Bilt member, you earn 1 level per greenback on journey booked by the portal.
For instance, by reserving this one-way United Airways ticket from San Francisco Worldwide Airport (SFO) to Newark Liberty Worldwide Airport (EWR), you’d earn 318 Bilt factors.
As a Bilt Mastercard holder, you earn 2 factors per greenback on journey booked by the portal and a couple of factors per greenback by charging your buy to the cardboard, for a complete of 4 Bilt factors per greenback spent.
Earn Bilt factors with referrals
You may earn 2,500 factors every time you refer a pal to the Bilt Mastercard. For each 5 referrals, you earn 10,000 bonus factors, as much as 2 million factors. You’ll be able to refer associates to the cardboard by the web site or app.
Earn Bilt factors with Lyft
You’ll be able to earn 2 Bilt points per dollar on Lyft rides when you link your accounts. Whenever you pay to your experience with the Bilt Mastercard, you will additionally obtain a further 3 Bilt factors per greenback spent. For many, Bilt Rewards is the best Lyft reward partner.
Earn Bilt factors with SoulCycle
You’ll be able to earn as much as 10 factors per greenback on SoulCycle lessons booked by the Bilt app.
Elite standing by Bilt Rewards
Bilt affords 4 standing tiers. This is a fast overview:
| Blue | Silver | Gold | Platinum | |
|---|---|---|---|---|
| Qualification (factors earned per 12 months) | All Bilt Rewards members | 25,000 factors | 50,000 factors | 100,000 factors |
| Earn curiosity in your factors (at the FDIC-published national savings rate) | ✓ | ✓ | ✓ | |
| Entry to complimentary dwelling possession concierge | ✓ | ✓ | ||
| Bonus factors on new leases or lease renewals | 10% | 25% | 50% | |
| Complimentary Bilt assortment present | ✓ |
Your member standing is predicated on the whole factors earned in a calendar 12 months. Standing earned between Jan. 1 and June 30 annually will expire on Jan. 31 of the next 12 months. In the meantime, standing earned between July 1 and Dec. 31 will stay lively for the remainder of the 12 months it was earned and the whole following 12 months.
Associated: Quick Points: How to earn ‘interest’ on your rewards balance with Bilt
Redeeming Bilt Rewards factors: Poor-value choices
The Bilt Rewards loyalty program provides you some ways to make use of your factors, although not all carry equal worth.
If you wish to extract the utmost worth out of your Bilt Rewards factors, you will doubtless wish to keep away from a few of these much less priceless redemption choices:
Use factors for Amazon purchases
You’ll be able to choose your Bilt Mastercard on amazon.com as a fee technique and redeem your factors to cowl all or a portion of your buy at checkout. Nonetheless, Bilt factors are value 0.7 cents every when used this fashion. For instance, you will want roughly 14,300 Bilt factors to cowl a $100 Amazon buy. Evaluate that to TPG’s potential estimated worth of two.05 cents apiece (or larger), and it isn’t essentially the most effective deal.
Store the Bilt Assortment
The Bilt Assortment is a curated record of things, together with artwork, dwelling decor and attire. The worth per level will differ however hardly ever exceed greater than 1 cent per level, so it is best to doubtless cross on this feature.
Redeem your factors for health lessons
Fitness enthusiasts can redeem their Bilt factors to attend name-brand lessons like SoulCycle, Solidcore, Y7 Studio and Rumble Boxing. The worth will depend upon the category you choose however hovers round simply 1 cent per level.
Pay your hire with factors
A probably attractive possibility together with your factors is to save lots of them to assist cowl your subsequent hire fee. Nonetheless, that is solely obtainable in case you reside in a Bilt Rewards Alliance property or go for test funds. And even worse, the redemption worth is simply 0.55 cents per level.
Associated: 5 common purchases you should never redeem miles for
Redeeming your Bilt Rewards factors: Medium-value choices
The next redemption choices will get you a good worth with a redemption fee of at the least 1 cent per level:
Use your factors to save lots of up for a down fee on a house
Bilt affords the distinctive means for customers to save lots of up their factors towards a down fee on a house. In case you go for this route, your Bilt factors are valued at 1.5 cents every towards a down fee.
Redeem for journey on the Bilt journey portal
You should utilize the Bilt journey portal to offset the price of flights, stays, rental vehicles or actions — at a fee of 1.25 cents per level.
Transferring to airline and resort companions: Greatest worth
Nothing beats the outsize worth of transferring your factors to Bilt’s airline and resort companions. Bilt has 15 airline and resort switch companions. Bilt Rewards is the one transferable factors program to supply American Airlines AAdvantage as a switch companion, which is certainly one of our favourite choices for some fairly superb candy spots.
Moreover, Bilt announced its 13th airline transfer partner on Dec. 15, permitting Bilt Rewards members to switch factors to Avianca LifeMiles at a 1:1 ratio. Per the Bilt Rewards app, transfers can take “as much as 72 hours,” however in previous tests with Bilt transfer partners, most reward transfers occurred immediately.
It is free to affix these loyalty applications, even in case you’ve by no means flown the airline or stayed with the resort model. Plus, Bilt provides cardholders 100 bonus factors for every loyalty program you hyperlink to your account. It is a no-brainer and may simply get you 1,600 bonus factors with minimal effort.
You’ll be able to simply get 2.05 cents per level in worth — and maybe rather more — and rating a lie-flat airplane seat or an opulent resort keep by transferring your Bilt factors to the suitable applications, all at a easy, 1:1 switch ratio:
| Program | Ratio | Switch time |
|---|---|---|
| Aer Lingus AerClub | 1:1 | Inside minutes |
| Air Canada Aeroplan | 1:1 | Inside 24 hours |
| Air France-KLM Flying Blue | 1:1 | Inside minutes |
| American Airways AAdvantage | 1:1 | Inside minutes |
| Avianca LifeMiles | 1:1 | As much as 72 hours |
| British Airways Govt Membership | 1:1 | Inside minutes |
| Cathay Pacific Asia Miles | 1:1 | Inside minutes |
| Emirates Skywards | 1:1 | Inside minutes |
| Hawaiian Airways HawaiianMiles | 1:1 | Inside minutes |
| Iberia Plus | 1:1 | Inside minutes |
| IHG One Rewards | 1:1 | Inside minutes |
| Marriott Bonvoy | 1:1, with 5,000 bonus factors for each 20,000 factors you switch in a single switch | Inside 48 hours |
| Turkish Airways Miles&Smiles | 1:1 | Inside minutes |
| United Airways MileagePlus | 1:1 | Inside minutes |
| Virgin Atlantic Flying Membership | 1:1 | Inside minutes |
| World of Hyatt | 1:1 | Inside minutes |
Bilt Rewards has traditionally supplied a number of the greatest transfer bonuses we’ve seen during Rent Day (the primary of each month). This has included 100% switch bonuses to Flying Blue and HawaiianMiles.
Merely put, the choices are limitless. As a result of so lots of Bilt’s switch companions overlap with existing transferable points programs, you may seek advice from our guides as inspiration to maximise applications like Air Canada Aeroplan, Air France-KLM Flying Blue, Virgin Atlantic Flying Club and so many extra.
Associated: 7 of the best airline award chart sweet spots
Backside line
Bilt Rewards presents an distinctive worth proposition for each renters and non-renters. Bilt has established partnerships with a number of the extra profitable airline and resort loyalty applications, enabling you to extract extraordinary worth out of your factors. Your factors switch seamlessly at a simple 1:1 ratio, and most applications course of the transfers immediately.
Even in case you aren’t renting or do not wish to apply for the Bilt Mastercard, you may earn a number of factors by linking your Lyft account, enrolling in Bilt Dining and reserving journey by the Bilt portal.
See Bilt Mastercard charges and charges here.
See Bilt Mastercard rewards and advantages here.
