Earn points from Bilt Rewards when you purchase a home
In a groundbreaking move, Bilt Rewards has introduced a new feature that allows homebuyers to earn rewards points on their property purchases. This innovative program, which is part of Bilt's expanding housing rewards ecosystem, is set to simplify and add value to the homebuying process.
This unique offering is exclusive to transactions made through eXp Realty, a partner of Bilt. For every $2 spent on a home purchase, buyers will earn 1 Bilt point, equivalent to a 0.5% reward on the purchase price. This is a significant departure from traditional loyalty programs, which rarely offer rewards for home purchases.
The Bilt Rewards program is not limited to just home purchases. It also allows users to earn points on rent payments and, from 2025, on mortgage payments. The points earned can be substantial given the high values involved in real estate transactions.
The earned points can be redeemed at a value of about 1.5 cents per point towards down payments or other housing-related uses, making it a valuable way to save money on future housing costs. This could potentially net users well over 2.05 cents per point in value, as calculated by TPG's November 2024 valuations.
Bilt points can be redeemed for a variety of benefits, including travel, home decor, fitness classes, and more. The program is designed to provide a seamless and rewarding experience for homebuyers.
In addition to the Bilt Rewards home purchase points, the American Express® Gold Card is another recommended card for earning Membership Rewards® points. This card offers 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year, then 1 point per dollar spent thereafter). It also offers 3 points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
The American Express® Gold Card comes with several credits, including $120 Uber Cash, $84 Dunkin' Credit, $100 Resy Credit, and $120 Dining Credit. However, it does carry an annual fee of $325.
Leo Pareja, CEO of eXp Realty, stated that this partnership makes the journey to homeownership more accessible and rewarding. By working with an eXp Realty agent, Bilt members can earn points on their home purchases, adding an extra layer of value to the homebuying process.
To start earning Bilt points, users simply need to sign up for the Bilt Rewards program and use the Bilt Mastercard for their transactions. It's important to note that to earn points with the Bilt Mastercard, the card must be used five times each statement period.
Renters can also earn points through the Bilt App at an in-network property using a non-Bilt card. They can earn 250 points per monthly rent payment, amounting to 3,000 points per year.
By embracing the Bilt Rewards program, homebuyers and renters can turn their housing expenses into rewards, making their journey to homeownership more rewarding and accessible. With its unique offering and expanding features, Bilt Rewards is set to redefine the way people approach housing expenses and rewards.
- Bilt Rewards has introduced a new feature that allows homebuyers to earn rewards points on property purchases, simplifying and adding value to the homebuying process.
- The Bilt Rewards program allows users to earn points not only on home purchases, but also on rent payments and, from 2025, on mortgage payments.
- Earned points can be redeemed for a variety of benefits, including travel, home decor, fitness classes, and more.
- The American Express® Gold Card is another recommended card for earning Membership Rewards® points, offering 4 points per dollar spent on dining and flights, among other categories.
- Leo Pareja, CEO of eXp Realty, stated that this partnership makes the journey to homeownership more accessible and rewarding.
- To start earning Bilt points, users simply need to sign up for the Bilt Rewards program and use the Bilt Mastercard for their transactions, keeping in mind that the card must be used five times each statement period.
- Renters can also earn points through the Bilt App at an in-network property using a non-Bilt card, potentially earning 3,000 points per year. By embracing the Bilt Rewards program, housing expenses can be turned into rewards, redefining the way people approach housing expenses and rewards.
