TPG Brian Kelly is a Bilt advisor and investor.
Most identified for rewarding members on hire funds, Bilt Rewards is now providing homebuyers the chance to earn Bilt Factors on new residence purchases. These Bilt factors can then be redeemed to book travel with airlines and hotels, buy residence decor, pay for health lessons and extra.
So, how does Bilt’s new points-earning profit work? Preserve studying to seek out out how one can be rewarded in your subsequent residence buy.
How you can earn Bilt factors when shopping for a house
In case you at the moment hire a house, house or rental, you may earn 250 factors per month-to-month hire fee made via the Bilt App at an in-network property utilizing a non-Bilt card; subsequently, for one 12 months of paying hire, you will earn as much as 3,000 Bilt factors. Nevertheless, should you at the moment maintain the Bilt Mastercard® (see rates and fees), you may earn 1 level per greenback spent in your hire funds (as much as 100,000 factors per calendar 12 months). Needless to say with the Bilt Mastercard, you could use the cardboard 5 occasions every assertion interval to earn factors (see rewards and benefits).
As a brand new Bilt perk, should you’re available in the market for a house, you may earn factors on the acquisition worth of that residence. When working with an eXp Realty agent, Bilt members will earn 1 level for each $2 of a house’s buy worth. Subsequently, should you purchase a house that prices $450,000, you can earn 225,000 Bilt factors.
„At eXp Realty, we’re dedicated to empowering homebuyers with revolutionary options that make the journey to homeownership extra accessible and rewarding,“ Leo Pareja, CEO of eXp Realty, stated 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 additionally brings unprecedented worth to the desk, serving to extra folks 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 value 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 points to airline and hotel partners to e book journey. This redemption choice might simply internet you effectively over 2.05 cents per level in worth.
Associated: Should you use the Bilt Mastercard? We crunch the numbers
Backside line
Persevering with to reinforce its loyalty program and discover new and revolutionary 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 worth of their properties.
See Bilt Mastercard charges and charges here.
See Bilt Mastercard rewards and advantages here.
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