Bilt Rewards

Bilt Rewards

Rent payment loyalty rewards platform

Overview

Bilt Rewards is a fintech that lets renters earn points on rent payments. Renters in the Bilt Rewards Alliance earn points automatically by paying rent through the Bilt app; others can use the Bilt World Elite Mastercard to pay rent and have Bilt remit payment to landlords. Points can be redeemed for travel, future rent, a home down payment, or goods from the Bilt Collection, with elite tiers and Milestone Rewards for extra perks. Revenue comes from interchange fees on the co-branded card and referral fees from landlords, partners, and travel partners, and the goal is to scale a rent-powered loyalty network that makes rent a core spend and help users meet housing-related financial goals.

About Bilt Rewards

Simplify's Rating
Why Bilt Rewards is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Consumer Software

Fintech

Financial Services

Real Estate

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$813.3M

Headquarters

New York City, New York

Founded

2021

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Simplify's Take

What believers are saying

  • Valuation surged to $10.75 billion in July 2025 after raising $250 million in funding.
  • Expanding into mortgage rewards to target homeowners, leveraging its rent-rewards infrastructure.
  • Annualized revenue reached $200 million by early 2023, achieving profitability with strong capital efficiency.

What critics are saying

  • Wells Fargo exited; Bilt cards migrated to Column N.A. by February 2026 causing operational defects.
  • CFPB enforcement action looms over card-transition defects and missing rent payments within 3–6 months.
  • Bilt 2.0 overhaul added $495 annual fees and reduced rent-point earning, triggering user churn.

What makes Bilt Rewards unique

  • Bilt Mastercard is the only credit card letting renters pay rent with zero transaction fees.
  • Earn points on rent via the Bilt Rewards Alliance covering 4.5 million rental homes.
  • Points transfer 1:1 to over 25 airline and hotel partners including Hilton, Wyndham, and Hyatt.

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Funding

Total Funding

$813.3M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision

401K match

Equity

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
CardGuru
Jul 28th, 2026
Bilt now lets you add teens as authorized users, including full spending controls.

Bilt now lets you add teens as authorized users, including full spending controls. Bilt introduces a new feature allowing members to add authorized users as young as 13, with customizable spending controls via the app. CardGuru Team 32 minutes ago SECTION 1, THE NEWS Bilt has announced a new feature that enhances the utility of its credit cards for households, allowing members to add authorized users starting from the age of 13. This update includes comprehensive, customizable spending controls for each authorized user, which can be managed directly through the Bilt app. This development aims to provide greater flexibility and oversight for families regarding credit card usage. CardGuru's take. This move by Bilt is particularly noteworthy for the Indian credit card market, as it addresses a growing demand for financial literacy and controlled spending among younger demographics. While Bilt is not directly available in India, such features often influence product development in other regions. Indian banks and card issuers could consider similar functionalities to cater to parents looking to introduce their teenagers to responsible credit management. For Indian credit card users, this highlights an important trend. Parents who wish to instill financial discipline in their children could benefit immensely from such controlled authorized user options. It offers a practical way to teach budgeting and the mechanics of credit in a supervised environment, minimizing the risks associated with unrestricted card access. CardGuru recommends that Indian cardholders advocate for similar features from their existing banks or when choosing new credit products. This innovation could be a game-changer for family finance management, offering a blend of convenience and control. However, users should always ensure they understand the terms and conditions, especially regarding liability for spending by authorized users, even with controls in place. Original source Find the perfect credit card. Use its smart tools to discover cards that match your spending habits.

SuperPay AI, Inc.
Jul 13th, 2026
Bilt Rewards enhances Rent Payments and travel options: what you need to know.

Bilt Rewards enhances Rent Payments and travel options: what you need to know. Discover how Bilt's latest updates can boost your rewards and travel experiences. SuperPay Editorial SuperPay Editorial Team In a significant move to enhance its rewards program, Bilt Rewards has introduced several key updates that are set to benefit renters and travelers alike. These changes not only increase the value of earning rewards on rent payments but also expand the possibilities for redeeming points across various travel partners. Earning more points on Rent Payments. New Travel Partners and redemption options. Bilt Rewards has expanded its partner network by adding Southwest Rapid Rewards as a transfer partner. Bilt points will transfer to Southwest at a 1:1 ratio, meaning one Bilt point becomes one Southwest point. NerdWallet values Southwest points at 1.3 cents each, which makes this an OK deal, although you can probably do better by transferring to other partners, such as World of Hyatt. ([nerdwallet.com](https://www.nerdwallet.com/travel/news/big-changes-at-bilt?utm_source=openai)) How to maximize Your Bilt Rewards. To fully leverage these enhancements, consider the following strategies: * Pay Rent with Your Bilt Credit Card: By using the Bilt Mastercard(R), you can earn 1x points on rent payments without transaction fees. Additionally, on Rent Day (the 1st of each month), you can earn 6x points on dining, 4x on travel, and 2x on other purchases. ([nerdwallet.com](https://www.nerdwallet.com/travel/learn/bilt-rewards?msockid=38a6a8417414666b2f53be3075606742&utm_source=openai)) * Utilize the Tiered Rewards System: Depending on your non-housing spending, you can earn up to 1.25x points on housing payments. For example, if your non-housing spending is 75% of your monthly rent, you'll earn 1x points on your rent payment. ([nerdwallet.com](https://www.nerdwallet.com/travel/learn/bilt-rewards?msockid=38a6a8417414666b2f53be3075606742&utm_source=openai)) * Transfer Points to Travel Partners: With the addition of Southwest Rapid Rewards, you can now transfer Bilt points to Southwest at a 1:1 ratio. However, for potentially higher value, consider transferring to partners like World of Hyatt. ([nerdwallet.com](https://www.nerdwallet.com/travel/news/big-changes-at-bilt?utm_source=openai)) Applying for the Bilt Mastercard(R). If you haven't already, applying for the Bilt Mastercard(R) can be a strategic move to maximize your rewards. The card offers 1x points on rent payments without transaction fees and additional points on dining, travel, and other purchases. On Rent Day, you can earn 6x points on dining, 4x on travel, and 2x on other purchases. ([nerdwallet.com](https://www.nerdwallet.com/travel/learn/bilt-rewards?msockid=38a6a8417414666b2f53be3075606742&utm_source=openai)) Simplify your rewards strategy with SuperPay. Managing multiple credit cards and rewards programs can be complex. SuperPay offers features like the Smart Card Picker, which tells you exactly which card to use at every store, and the Rewards Roadmap (PRO+), a personalized plan to maximize your points across all cards. These tools can help you effortlessly implement the strategies discussed above. Take action now. To start optimizing your rewards and travel experiences, download SuperPay on the App Store today. With its comprehensive features, SuperPay can help you make the most of your Bilt Rewards and other credit card benefits. Bilt Rewards Credit Card Rewards Travel Partners SuperPay Rent Payments Share on X Share on Facebook Share on LinkedIn

CardGuru
Jul 11th, 2026
Bilt Elite Status: earn FREE Rewards & perks now!

Bilt Elite Status: earn FREE Rewards & perks now! Bilt Rewards introduces Elite Status tiers, offering exclusive perks and bonus points for members. Learn how to earn status and maximize rewards, especially for rent payments and travel redemptions through global partners. CardGuru Team about 3 hours ago SECTION 1, THE NEWS: Bilt Elite Status: earn FREE Rewards & perks now! Bilt Rewards, known for its innovative approach to earning points on rent payments, has unveiled its Elite Status program, providing members with enhanced benefits and accelerated rewards. The program is structured into several tiers: Member, Silver, Gold, and Platinum, each offering progressively more valuable perks. Members can achieve Elite Status by accumulating qualifying points through spending on the Bilt Mastercard and participating in other Bilt activities. For instance, Silver status is typically achieved at 25,000 qualifying points, Gold at 50,000, and Platinum at 100,000. Each tier comes with a distinct set of advantages designed to enhance the travel and lifestyle experience of its users. Benefits of Bilt Elite Status include bonus points on rent day, accelerated point earning on eligible purchases, complimentary status with partner airlines and hotels, dedicated concierge services, and exclusive access to events. A key feature of Bilt Rewards is its robust transfer partner ecosystem, allowing members to convert their Bilt points into airline miles or hotel points with major global carriers and hospitality brands such as Air India, Emirates, Marriott Bonvoy, Hyatt, and American Airlines, among others. This flexibility provides significant value, especially for frequent travelers looking to maximize their reward redemptions for flights and accommodations worldwide. CardGuru's take. Bilt Rewards' Elite Status program, while primarily US-centric, offers an interesting blueprint for how loyalty programs can add significant value beyond basic point accumulation. For Indian credit card users, the direct application might seem limited given the Bilt Mastercard's US availability. However, the program's strength lies in its transfer partners, many of which are major international airlines and hotel chains highly relevant to Indian travelers. This means that if you have a way to earn Bilt points (e.g., through US connections or if Bilt eventually expands globally), the elite status could unlock substantial travel benefits for your international trips. Indian cardholders should pay attention to the underlying strategy: maximizing rewards through rent payments and leveraging strong transfer partnerships. While Bilt itself might not be directly accessible, it prompts CardGuru to look for similar innovative programs or cards in the Indian market that offer unique earning opportunities and robust redemption options through global partners. Understanding the value of transferable points that can be converted to airline miles or hotel points with advantageous redemption rates is crucial. Its advice to CardGuru readers is twofold: First, if you have any ties to the US financial system that allow you to participate in Bilt Rewards, definitely explore its Elite Status for its potential travel perks. Second, regardless of Bilt's direct applicability, let this news be a reminder to actively evaluate your existing Indian credit cards for their loyalty programs, especially focusing on those with transferable points and strong airline/hotel partners that align with your travel habits. Always read the terms and conditions for earning and redemption, and keep an eye out for domestic programs that might adopt similar innovative reward structures. Original source Find the perfect credit card. Use its smart tools to discover cards that match your spending habits.

CardGuru
Jul 11th, 2026
Bilt Rewards: earn elite status with rent and everyday card spending.

Bilt Rewards: earn elite status with rent and everyday card spending. Bilt Rewards offers a unique loyalty program allowing members to achieve elite status by paying rent and using their Bilt credit card for daily purchases, progressing automatically without active tracking. CardGuru Team about 3 hours ago The news. Bilt Rewards has introduced a structured loyalty program designed to reward its members more deeply, offering a clear path to elite status. Users who pay rent through the Bilt platform and consistently use their Bilt credit card for everyday spending will find themselves automatically progressing towards Bilt Rewards elite status, often without the need for manual tracking. This tiered loyalty program encourages enhanced engagement by recognizing and rewarding a broader spectrum of member activities. The core mechanism for achieving status involves leveraging Bilt's unique offering: earning points on rent payments without transaction fees (up to a certain limit per month, typically $50,000 for the Bilt Mastercard) and accumulating additional points from general credit card usage. Bilt Rewards stands out in the loyalty landscape by transforming rent, a significant recurring expense, into a points-earning opportunity. These points can be transferred to a variety of airline and hotel partners, adding substantial value to the program. The introduction of distinct elite status tiers (such as Silver, Gold, Platinum, and Diamond) aims to provide members with exclusive benefits, which often include bonus points, interest on points earned, and dedicated customer service, thereby enriching the overall user experience and incentivizing continued participation. CardGuru's take. This development from Bilt Rewards, while primarily US-centric, offers valuable insights for Indian credit card users and the domestic rewards landscape. The concept of earning substantial loyalty points on rent payments is revolutionary; in India, rent often remains an unrewarded, large expenditure. This model highlights the immense potential for Indian banks and fintech companies to innovate and integrate essential, recurring expenses into compelling loyalty programs, moving beyond just transactional rewards. For Indian cardholders who frequently travel internationally or have financial ties in the US, understanding programs like Bilt Rewards can be crucial. It underscores the importance of evaluating global credit card options and loyalty programs for maximizing value on diverse spending, including those traditionally excluded from rewards. Even for those solely focused on the Indian market, this serves as a benchmark for what next-generation loyalty programs could offer. Its advice to CardGuru readers is twofold: firstly, actively seek out and utilize existing Indian credit cards or platforms that offer even marginal rewards on rent or other large fixed expenses - every point counts. Secondly, remain vigilant for new offerings from Indian financial institutions. The success of Bilt in turning rent into a rewarding activity should ideally inspire similar, tailored innovations for the Indian market, where millions of users could benefit significantly from such programs. Original source Find the perfect credit card. Use its smart tools to discover cards that match your spending habits.

CardGuru
Jun 25th, 2026
Bilt Rent Day for July: Up to 200% transfer bonus to Hilton (give this a wide berth).

Bilt Rent Day for July: Up to 200% transfer bonus to Hilton (give this a wide berth). Bilt Rewards announced its Rent Day transfer bonus for July 1, offering up to a 200% transfer bonus to Hilton Honors. CardGuru Team about 4 hours ago The news. Bilt Rewards has unveiled the details for its upcoming Rent Day transfer bonus, scheduled for July 1. This month's promotion will feature an offer of up to a 200% transfer bonus when transferring Bilt Rewards points to the Hilton Honors loyalty program. This announcement follows Bilt's recent establishment of a partnership with the Preferred Hotels I Prefer loyalty program, allowing transfers on a 1:2 basis. Historically, Bilt's Rent Day promotions have often highlighted bonuses with newly launched partners. CardGuru's take. For Indian credit card users with international travel aspirations or those who frequently utilize global hotel chains, Bilt Rewards' transfer bonus to Hilton Honors presents a notable opportunity. While Bilt Rewards is primarily a US-based program, the ability to accrue Hilton points at an accelerated rate could significantly enhance future stays at Hilton properties worldwide, including their growing portfolio in India. This move allows for maximizing loyalty points for luxury or budget-friendly accommodations. However, the original news source's advisory to "give this a wide berth" suggests caution. While a 200% bonus sounds substantial, Hilton Honors points are generally considered to have a lower per-point value compared to some other hotel or airline currencies due to their dynamic pricing model. Indian users should critically evaluate their specific travel patterns and redemption goals. Before transferring, it's crucial to compare the effective value of the boosted Hilton points against the cost of paid stays or the value of transferring Bilt points to other partners like airlines, especially if those better align with their travel plans. CardGuru advises users to assess the real-world value of a Hilton point for their desired redemptions. If specific high-value redemptions are identified, then this bonus could be advantageous. Otherwise, transferring a large sum of points to a program with potentially diluted value might not be the most strategic move. Always compare current redemption rates for target hotels before committing to a transfer, ensuring the bonus genuinely enhances your travel budget rather than locking points into a less optimal currency. Original source Find the perfect credit card. Use its smart tools to discover cards that match your spending habits.

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