TPG founder Brian Kelly is a Bilt advisor and investor.
Persevering with to interrupt the mildew of conventional rewards applications, Bilt Rewards has as soon as once more raised the bar and added a brand new function for renters. As a Bilt member, in the event you pay hire, now you can pay this expense with different bank cards apart from the Bilt Mastercard® (see charges and charges). Due to this fact, you possibly can double dip and earn Bilt Factors and the rewards provided in your card. However, earlier than you begin swiping your bank card, there’s a catch.
Maintain studying to search out out extra about Bilt’s newest hire function and if it is price it.
Associated: Bilt Rewards program: Information to incomes factors on hire, switch bonuses, eating and extra
Earn Bilt factors: Now you can pay hire with any bank card
With no transaction charges on hire funds (see charges and charges), paying hire with the Bilt Mastercard is a simple technique to earn transferable factors. Renters can earn 1 level per greenback spent on hire (as much as 100,000 factors yearly) so long as a minimum of 5 transactions are made on the cardboard every billing cycle (see rewards and advantages).
Nonetheless, if you do not have the Bilt card, the rewards program now helps you to pay your hire with extra bank cards. In a press launch, Bilt introduced that Visa, Mastercard and Uncover cardholders will earn 1 Bilt level per greenback spent, along with the rewards your particular person card earns. For Amex cardholders, you will earn 1 Bilt level for each $2 spent, along with the rewards your card earns.
However there’s a downside to utilizing a bank card apart from the Bilt card — you’ll incur a 3% transaction price for third-party playing cards used on hire funds. So, with a 3% price, is it price it? Effectively, it is dependent upon which card you employ.
As an instance your hire is $2,000, and also you determine to pay it along with your Citi Double Money® Card (see charges and charges). Since you’ll be charged a 3% transaction price, you’ll pay $2,060 out of pocket and earn 2,000 Bilt factors. Moreover, for the reason that Citi Double Money Card gives 2% money again on each buy (1% money again once you purchase, plus a further 1% as you pay for these purchases), you’ll earn about $41 money again out of your card.
Bilt factors are price 2.05 cents apiece per our April 2025 valuations, so you will earn $40 of worth in Bilt factors and $41 money again out of your Citi card — for a complete of about $81 in worth on this state of affairs. When you subtract the $60 price (from the three% transaction price), you will have gained about $21 in worth.
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Whereas gaining a further $20 in worth might not seem to be loads, these factors are simple rewards you’ve got earned by merely paying hire.
Nonetheless, it is essential to notice that TPG’s valuation is predicated on transferring your Bilt factors to certainly one of its 18 airline and lodge companions to maximise their worth. When you merely redeem your 2,000 Bilt factors for money again at 1 cent per level, you are solely getting a return of $20 in rewards. Due to this fact, your Citi card rewards plus your Bilt factors are price a complete of $40. This is able to not be the most suitable choice as you’ll have paid $60 to earn $40 in worth.
So, it is essential to notice what card you employ to pay your hire (Amex playing cards will solely offer you a return of two Bilt factors per greenback spent) and just be sure you will maximize the worth you get out of your Bilt factors.
Incomes Bilt factors can unlock extra rewards
Other than transferring your factors to Bilt’s airline and lodge companions to ebook journey, you possibly can earn elite standing with Bilt by assembly the next level thresholds:
- Blue: Fundamental membership
- Silver: 50,000 Bilt factors
- Gold: 125,000 Bilt factors
- Platinum: 200,000 Bilt factors
As you unlock elite standing, you will earn entry to higher Lease Day promotions, equivalent to bonus transfers. Most lately, Bilt provided an up-to-100% Avios switch bonus and an up-to-100% bonus on Lyft redemptions.
Associated: What’s Bilt Rewards Lease Day?
Backside line
Bilt is all about including flexibility for its members. In March, this system introduced a new hire fee platform, BillPay by Bilt, and teased the opportunity of incomes rewards on mortgage funds. With the newest addition from Bilt, the corporate is constant to roll out new options and improve its program to make it extra user-friendly for these desirous to earn rewards with Bilt however not be tied to opening a bank card to make use of Bilt’s loyalty program.
See Bilt Mastercard charges and charges right here.
See Bilt Mastercard rewards and advantages right here.
