Bilt Rewards (Rent Payment & Credit Card) Makes Significant Changes=

0


Earlier this year Bilt Rewards launched. Bilt is really two things: a platform for paying rent & a credit card. Bilt has made a number of positive changes and are as follows:

Card changes

  • Card earns at the following rates:
    • 1x on rent payments with no fees (on up to $50,000 in rent payments every year) and all other purchases
    • 2x points on travel (when booked directly with an airline, hotel, car rental or cruise
      company)
    •  3x points on dining
  • You must make a minimum of five purchases per month to earn rewards

Loyalty changes

  • Earn Interest on Points (Silver, Gold, Platinum). This is based on the FDIC national savings rate.
  • Bilt’s Homeownership Concierge (Gold, Platinum). If you use your points towards home loan down payment you get a dedicated concierge to guide you through the process
  • Bonus Points on New Leases or Renewals (Silver, Gold, Platinum). Up to 50% bonus points on top of points issued by landlords to
    members for signing for new tenant leases and lease renewal.
  • Complimentary Bilt Collection Gift. When you reach Platinum status you get a complimentary gift from the Bilt collection.
  • Status is now earned at the following tiers:
    • Blue: base status
    • Silver: 25,000 points earned
    • Gold: 50,000 points earned
    • Platinum: 100,000 points earned

Rewards changes

  • IHG has been added as a 1:1 transfer partner

Our Verdict

The IHG addition is a bit of a nothing as the other transfer partners are significantly better. Simplifying elite status and earning rates is a good idea as before the program was far too convoluted. My main issue with Bilt still remains unresolved as there is no guarantee that your rent payment will arrive on time and that has been an issue with other similar rent payment systems in the past. Bilt has just raised $60 million





Source link

Choose your Reaction!
Leave a Comment

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 29,466.00 0.03%
ethereum
Ethereum (ETH) $ 1,977.91 0.21%
tether
Tether (USDT) $ 1.00 0.04%
litecoin
Litecoin (LTC) $ 70.37 0.93%
binance-usd
Binance USD (BUSD) $ 1.00 0.17%
Apple Inc.  AAPL 
$137.59  $0.24  0.17%  
AMC Entertainment Holdings, Inc  AMC 
$12.03  $1.05  8.03%  
Tesla, Inc.  TSLA 
$663.90  $45.52  6.42%  
VBI Vaccines, Inc.  VBIV 
$0.9937  $0.0236  2.43%  
GameStop Corporation  GME 
$95.66  $3.53  3.56%  
Walt Disney Company (The)  DIS 
$102.42  $0.72  0.70%  
DraftKings Inc.  DKNG 
$14.03  $0.12  0.85%  
Airbnb, Inc.  ABNB 
$112.55  $1.62  1.42%  
Uber Technologies, Inc.  UBER 
$23.35  $0.11  0.47%  
DoorDash, Inc.  DASH 
$66.23  $0.72  1.08%  
Zomedica Corp.  ZOM 
$0.2202  $0.002  0.90%  
Nokia Corporation Sponsored  NOK 
$4.83  $0.03  0.62%  
United States Antimony Corporat  UAMY 
$0.425  $0.017  3.85%  
AMERICAN MANGANESE INCORPORATED  AMYZF 
$0.4262  $0.015  3.41%  
Danimer Scientific, Inc.  DNMR 
$4.19  $0.55  11.60%  
BurgerFi International Inc  BFI 
$3.12  $0.1  3.11%