TPG Brian Kelly is a Bilt advisor and investor.
Most recognized for rewarding members on hire funds, Bilt Rewards is now providing homebuyers the chance to earn Bilt Factors on new house purchases. These Bilt factors can then be redeemed to e-book journey with airways and accommodations, buy house decor, pay for health courses and extra.
So, how does Bilt’s new points-earning profit work? Maintain studying to search out out how one can be rewarded in your subsequent house buy.
How you can earn Bilt factors when shopping for a house
For those who at present hire a house, residence or rental, you possibly can earn 250 factors per month-to-month hire cost made via the Bilt App at an in-network property utilizing a non-Bilt card; subsequently, for one yr of paying hire, you may earn as much as 3,000 Bilt factors. Nevertheless, should you at present maintain the Bilt Mastercard® (see charges and costs), you possibly can earn 1 level per greenback spent in your hire funds (as much as 100,000 factors per calendar yr). Remember that with the Bilt Mastercard, you need to use the cardboard 5 instances every assertion interval to earn factors (see rewards and advantages).
As a brand new Bilt perk, should you’re out there for a house, you possibly can earn factors on the acquisition value of that house. When working with an eXp Realty agent, Bilt members will earn 1 level for each $2 of a house’s buy value. Subsequently, should you purchase a house that prices $450,000, you might earn 225,000 Bilt factors.
“At eXp Realty, we’re dedicated to empowering homebuyers with modern options that make the journey to homeownership extra accessible and rewarding,” Leo Pareja, CEO of eXp Realty, mentioned in a Bilt press launch. “Our strategic relationship with Bilt enhances this dedication by offering homebuyers the flexibility to earn vital rewards whereas making a very powerful buy of their lives. This collaboration not solely simplifies the homebuying course of but in addition brings unprecedented worth to the desk, serving to extra individuals flip their dream of proudly owning a house right into a actuality.”
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Since TPG values Bilt factors at 2.05 cents per level, per our November 2024 valuations, these 225,000 factors are price about $4,612.
Your Bilt factors can then be used for quite a lot of redemption choices; nonetheless, to maximise the worth of your factors, TPG recommends transferring your rewards factors to airline and resort companions to e-book journey. This redemption possibility might simply web you properly over 2.05 cents per level in worth.
Associated: Do you have to use the Bilt Mastercard? We crunch the numbers
Backside line
Persevering with to boost its loyalty program and discover new and modern methods for shoppers to rack up rewards, Bilt’s newest distinctive incomes profit targets homebuyers. Nevertheless, members will have to make use of eXp Realty in the event that they wish to earn Bilt factors on the acquisition value of their properties.
See Bilt Mastercard charges and costs right here.
See Bilt Mastercard rewards and advantages right here.
