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.
The post Bilt Rent Day giving 100% back on points redeemed for rent, but don’t do it appeared first on Frequent Miler.