Bilt Rewards is a loyalty program that enables renters to earn points on their monthly rent payments, which can be used for various rewards, including travel and local services. The platform also offers rent reporting to major credit bureaus, helping users build their credit history while maximizing the value of their largest monthly expense.
Funding
$563.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Renters often miss out on opportunities to earn rewards and build credit simply by paying their monthly rent, which is typically their largest expense. Traditional rewards programs often exclude or penalize rent payments with transaction fees, leaving renters without a way to capitalize on this significant expenditure.
Solution
Bilt Rewards is a loyalty program designed specifically for renters, enabling them to earn points on rent payments without transaction fees and build credit history. Members can earn points by paying rent through Bilt's platform, whether they live in a Bilt-affiliated property or use the BillPay feature for other rentals. These points can be redeemed for travel, everyday purchases, or even put towards a down payment on a home. Bilt also offers free rent reporting to major credit bureaus, helping renters establish and improve their credit scores.
Target Audience
Bilt Rewards targets renters in the United States who are looking for ways to earn rewards on their rent payments, build credit, and access exclusive benefits in their neighborhoods and when they travel.
Features
- Earn points on rent payments made through the Bilt platform or with the Bilt Mastercard.
- Free rent reporting to Experian, Equifax, and TransUnion to build credit history.
- Redemption options include travel bookings via the Bilt travel portal, transfers to airline and hotel partners, gift cards, and rent credit.
- Neighborhood Benefits program offering points and exclusive perks at local restaurants, fitness studios, and other merchants.
- Bilt Mastercard waives transaction fees on rent payments and offers bonus points on dining and travel.
- Monthly Rent Day® promotions with limited-time benefits and bonus opportunities.
- Points can be used to pay for student loans or contribute to a down payment on a home.