Bilt Rewards continues to show itself as a top-tier rewards foreign money. Over the previous month, the rewards program has added new methods to earn factors on lease funds, extra journey companions and extra redemption choices.

The constructive modifications have been rolling out quick. Right here’s a abstract of what’s new.

Bilt now permits customers to earn as much as 100,000 Bilt factors per calendar 12 months through the use of any bank card to pay lease. To get began, you may want to hitch Bilt Rewards — it is free — and hyperlink a card to your account.

Beforehand, any lease cost that wasn’t made with the Bilt World Elite Mastercard® Credit score Card was capped at incomes 250 Bilt factors per cost, or 3,000 Bilt factors yearly. There’s a 3% price for utilizing any third-party playing cards for lease funds, however you’ll additionally obtain rewards out of your bank card along with Bilt Rewards.

Should you’re utilizing the Bilt World Elite Mastercard® Credit score Card, remember that the cardboard have to be used 5 instances per assertion interval to earn factors on lease and qualifying internet purchases (purchases minus returns and credit) for that assertion interval. Should you do not make a minimum of 5 transactions in a press release interval, you’ll earn a flat 250 factors if you use the cardboard to pay lease by the Bilt app or web site.

Should you use a special card to pay lease, that 3% price might be simple to beat with the correct bank card sign-up bonus. For instance, the Chase Sapphire Most well-liked® Card is at present providing the next welcome supply: Earn 100,000 bonus factors after you spend $5,000 on purchases within the first 3 months from account opening.

Should you paid a 3% price on the complete minimal spend requirement of $5,000, you’d change $150 in charges for a minimum of 105,000 Chase Final Rewards® factors (together with the factors from the preliminary spend requirement). These 105,000 Chase Final Rewards® factors could be value a minimal of $1,050 if redeemed assertion credit score or — even higher — they’d be value $1,313 when redeemed by Chase’s journey portal and probably extra when you transferred these factors to Chase’s switch companions. Plus, you’d earn a further 5,000 Bilt factors within the course of, because the card is a Visa.

Bilt can also be making Southwest its month-to-month Lease Day switch bonus for Might 1, 2025. Relying in your Bilt Rewards elite standing, you’ll obtain between a 25% and 100% bonus for factors transfers to Southwest — however like different Lease Day offers, it’s obtainable for sooner or later solely.

Bilt Rewards can now be redeemed for funds to pupil loans serviced by Nelnet, MOHELA, Sallie Mae, Aidvantage and Navient. Factors are value 1 cent every when redeemed towards pupil mortgage funds. You should utilize the Bilt web site or app to use your factors to your pupil mortgage steadiness.

Whereas you will get higher worth on your rewards by transferring them to journey companions, this might be a good way to pay down your pupil mortgage steadiness sooner. In case your lease is $1,500 monthly and you utilize your Bilt Rewards bank card every month for the cost, that might be an additional $1,800 per 12 months you’ll be able to funnel towards paying down your pupil loans.

Bilt Mastercard holders can now redeem Bilt factors for as much as $10 in financial savings throughout checkout at Walmart, Walgreens, CITGO, CVS, BP and Greenback Normal. Factors are value 0.55 cent every at these retailers, excluding Walgreens Pharmacy the place factors are value 0.7 cent every. These redemptions don’t offer you worth on your factors, nevertheless it’s good to have choices. To redeem factors at one in all these shops, pay together with your Bilt World Elite Mastercard® Credit score Card at checkout and choose “Yes” to redeem factors when prompted on the terminal.