Tomorrow is the first day of the month which means it’s also Bilt Rent Day. Over the past year or so Bilt has run some fantastic transfer bonuses, at times giving 100% bonuses and other times giving 75%-150% transfer bonuses depending on your status level in the Bilt Rewards program.
For Rent Day on May 1, Bilt is offering a 100% points rebate when redeeming your points towards rent. While that sounds like an incredible deal, it’s sadly not. There are a couple of reasons why you should avoid that redemption option tomorrow.
The first reason is that the redemption value you get when redeeming the points for rent is poor. For every 10,000 points you redeem that way, $55 gets applied to your rent. That’s a 0.55cpp (cents per point) redemption value which is about a third of the value you should be aiming for at a minimum when redeeming Bilt points due to their ability to transfer to travel partners like Hyatt.
The second reason is that the 100% of points you get back can only be redeemed for items in the Bilt Home Collection, a collection of (what I’d consider to be overpriced) home goods. For example, you could redeem 2,500 Bilt points for a concrete match striker, 7,500 points for a paper towel holder, 7,500 points for a butter dish, 12,500 points for stone bookends or 20,000 points for 30″ x 40″ artwork prints. Even when taking into account the 0.55cpp of value from redeeming your points for rent, that’s just not going to be a worthwhile option for the vast majority of people.
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What a terribly written article. This i such a neutral, don’t want to hurt Daddy Richy post.
“There are a couple of reasons why you should avoid that redemption option tomorrow.”
Can you imagine if this was any other company? You’d give a full on DO NOT do this rather than this soft as heck “avoid this fellow comrades and hope Bilt doesn’t read this. We’re writing this so we can show people we have shown both sides on Bilt” Laughing out loud!!!!
Come on FM. It’s getting old… The end is nigh for Bilt, we all know this, and your coverage of Bilt has been piss poor consistently.
You mean like how in the title of the post we advise readers not to do this deal and how within the post itself we also advise readers to avoid taking advantage of this offer? I’m a little confused as to how that’s neutral to anyone other than those who have a weird obsession with Richard Kerr.
The whole 2x transfer bonus thing seemed like too good to be true to keep going. If this isn’t going to come back, I’ll still use it for rent and restaurant spend but move my 1x spend to Venture X
The start of the end has happened earlier than I expected at BILT. If they get takers for this, hard to justify going back to OTT bonus with FFP miles.
Then again, makes sense – there was one BA blogger who did an analysis and concluded Bilt were burning cash with some of their offers.
Most bloggers avoid such analysis due to generous referrals.
They need to bring back the Hyatt status fast track!!
Or maybe you could earn it 🙂
BILT is a program that never sat right with me. Now AA leaves as a partner, and people can buy “home products.” Sounds like the beginning of the end. But WAIT! Who will Gary Leff shill for then?
More vapor ware from over hyped Bilt