Bilt Unveils Streamlined Tiers for Earning Fee-Free Points on Rent Payments

This year marks an exciting development for renters and homeowners eager to earn rewards through their payments. Bilt, a leading rewards program, has launched its revised platform, Bilt 2.0, offering enhanced features to its cardholders. This recent update introduces three new credit cards and a dual rewards system that combines Bilt Rewards points with Bilt Cash, allowing users to maximize their earnings.

Bilt 2.0: A Comprehensive Overview

After gathering user feedback, Bilt has made significant adjustments to its new system just days after the initial launch. The primary change introduces a tiered rewards structure for earning points on housing payments. Users now have the option to select their preferred rewards pathway each month.

New Options for Earning Rewards

Bilt now provides two options for structuring rewards based on housing payments:

• Bilt Cash Option: Earn 4% on everyday purchases.
• Tiered Structure Option: Earn points based on eligibility tiers relative to monthly spending.

Cardholders can seamlessly switch between these two options at any time, with changes taking effect the following month. This flexibility extends across all three new Bilt cards: the Bilt Blue Card, Bilt Obsidian Card, and Bilt Palladium Card.

Understanding the Tiered System

Under the new tiered system, rewards for rent or mortgage payments are determined by the user’s everyday spending on the Bilt card. The tiers function as follows:

• Spend at least 25% of your monthly housing payment: Earn 0.5 points per dollar.
• Spend at least 50%: Earn 0.75 points per dollar.
• Spend at least 75%: Earn 1 point per dollar.
• Spend 100% or more: Earn 1.25 points per dollar.

This tiered approach can yield more points compared to the original Bilt Cash option for certain spending levels, particularly with the top tier rewarding 1.25 points per dollar spent on housing payments.

Example of Potential Earnings

To illustrate these new tiers, consider a monthly housing payment of $3,000:

• Spend $750 (25%): Earn 1,500 points.
• Spend $1,500 (50%): Earn 2,250 points.
• Spend $2,250 (75%): Earn 3,000 points.
• Spend $3,000+ (100%): Earn 3,750 points.

Cardholders choosing the tiered option will not accumulate Bilt Cash on everyday purchases; instead, they will focus on enhancing their points earning potential through these tiers.

Maintaining the Bilt Cash Option

For those who favor the more straightforward Bilt Cash rewards, this option remains available. Cardholders can continue to earn 4% on everyday spending through Bilt and redeem cash at a rate of $30 in Bilt Cash for 1 point per dollar on their housing payment.

Overall, both reward structures—Bilt Cash and the new tiered system—allow users to earn points through their everyday spending while maintaining flexibility in how they choose to accrue rewards.

Conclusion

The updated Bilt 2.0 rewards system introduces valuable new options for rent or mortgage payments. With the ability to choose between a cash back model or a tiered rewards structure, Bilt cardholders have the opportunity to maximize their benefits based on individual spending habits. This enhancement not only simplifies the process of earning points but also provides users with greater earning potential tailored to their needs.