TPG founder Brian Kelly is a Bilt advisor and investor.
The Bilt information retains rolling in. After introducing the power to pay hire with extra bank cards and redeem Bilt Factors for scholar loans, the Bilt Rewards program has revealed that Southwest Speedy Rewards will probably be its latest switch accomplice.
Bilt at present companions with 18 different airline and resort packages, together with Alaska Airways Mileage Plan, United MileagePlus and World of Hyatt.
Maintain studying to seek out out extra about Bilt’s nineteenth switch accomplice.
Associated: Bilt members can now use factors to pay for Lyft rides
Transferring Bilt factors to Southwest
As of in the present day, you may switch Bilt factors to Speedy Rewards at a 1:1 ratio. Which means 1,000 Bilt factors offers you 1,000 Speedy Rewards factors which you could redeem for Southwest Airways flights and extra.
Bilt generally presents switch bonuses as a part of Hire Day promotions to rejoice a brand new switch accomplice. Maintain a watch out for these promotions; you might be able to rating some further Southwest Speedy Rewards factors while you switch Bilt factors for the primary time.
This partnership is nice information for Speedy Rewards fans, as this system at present solely has one bank card switch accomplice: Chase Final Rewards. Bilt’s new partnership will give Southwest flyers one other solution to increase their Speedy Rewards factors stability and redeem free flights — particularly for the reason that Bilt Mastercard® (see charges and charges) lets you earn transferable Bilt factors on hire funds, dwelling purchases and extra. (You have to use the cardboard no less than 5 occasions every assertion interval to earn factors; see rewards and advantages.)
Nevertheless, in contrast to most of Bilt’s switch companions, transfers to Southwest will not course of instantaneously. As an alternative, this system makes use of a twice-daily batch course of, with one batch of transfers within the morning and one within the night. In response to a press launch, “Bilt will probably be working towards a real-time level switch answer within the close to future.”
Day by day Publication
Reward your inbox with the TPG Day by day e-newsletter
Be a part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s specialists
For now, it feels like you need to solely have to attend a number of hours on your factors to switch, however maintain this in thoughts when planning your redemptions.
Associated: How lengthy do Bilt Rewards factors take to switch?
Do you have to switch Bilt factors to Southwest?
Final month, Southwest started implementing variable pricing for award tickets, that means you may probably get stable worth out of your award redemption — or not.
For instance, many Southwest flights to Hawaii price extra factors than earlier than. This one from Los Angeles to Honolulu is priced at $249 or 21,500 factors for a Wanna Get Away ticket. That comes out to roughly 1.2 cents per level, which is under TPG’s April 2025 Speedy Rewards valuation of 1.4 cents per level.
Alternatively, you will get a way more enticing 1.6 cents per level by redeeming 7,000 factors for this $115 flight from Los Angeles to Phoenix.
In case you discover a good-value redemption like this, transferring Bilt factors to Southwest could make sense. If the flight you need presents a poor redemption worth, you might be higher off paying with money and incomes Speedy Rewards factors on the acquisition. Moreover, bear in mind that you will now earn fewer factors on Wanna Get Away and Wanna Get Away Plus fares, because the airline diminished the incomes charges final month with out discover.
Total, be aware that you’ll in all probability lose some worth when you switch your rewards to Southwest, as TPG values Bilt factors at 2.05 cents apiece, per our April 2025 estimations. Due to this fact, you might not get outsize worth by transferring your factors to Southwest. However, if you wish to skip paying the money price in your subsequent trip to Hawaii, transferring your factors to e-book an award flight might make sense.
Associated: Bilt’s new fee platform paves means for brand spanking new reward classes
Backside line
Not all of the Southwest adjustments are for the more severe. The airline is about to debut its extra-legroom seats subsequent month, and it plans to increase its partnership with Icelandair to permit members to earn and redeem Speedy Rewards factors on Icelandair flights.
When these adjustments go stay, Bilt members can have some thrilling new methods to redeem their factors by way of Southwest.
For charges and charges of the Bilt Mastercard, click on right here.
For rewards and advantages of the Bilt Mastercard, click on right here.
