Bilt Rewards Introduces a New Way to Earn Points Through Homebuying

Bilt Rewards, known for allowing renters to earn points on rent payments, has launched a new program designed to reward members for purchasing a home. By partnering with eXp Realty, Bilt now offers members the opportunity to earn one point for every $2 of a home’s purchase price.

For context, purchasing a $400,000 home through this program would yield 200,000 Bilt Points. While the earning rate may not rival traditional spending categories like credit cards, it’s a notable entry into a space where earning points on such significant expenses has previously been unavailable.

What Makes This Program Unique

One of the standout features of Bilt Rewards is the high value of its points, especially when redeemed through its travel transfer partners. Members can convert Bilt Points at a 1:1 ratio with over 100 loyalty programs, including major airlines and hotels. Plus they offer the biggest transfer bonuses in the industry, offering between 50-150% bonus depending on the loyalty program and Bilt status.

This program gives homebuyers an opportunity to earn a meaningful stash of points to potentially use for future travel—an added perk for a purchase many people are already planning to make.

In addition to the rewards, Bilt’s program ties into its broader efforts to help renters transition to homeownership. This includes tools like rent reporting to credit bureaus to help build credit history and an app-based home search tool that simplifies the process of comparing monthly homeownership costs to current rent.

Weighing the Pros and Cons

This initiative opens up a new earning avenue, but it’s not without its trade-offs. The $2-to-1-point earning ratio is less lucrative compared to some high-earning credit card categories, but it’s still a meaningful option given the lack of similar rewards programs in the homebuying space. Additionally, to take advantage of the points-earning feature, buyers must work with an eXp Realty agent, which might limit flexibility for those already working with another agent or brokerage.

For renters already in the Bilt ecosystem, however, this program provides a unique way to boost point balances during the homebuying journey—something previously unavailable. It’s particularly appealing for those who value Bilt’s transfer partners and want to maximize the long-term value of their rewards.

Final Thoughts

While not a game-changer for everyone, this program adds another dimension to Bilt’s rewards ecosystem. By helping renters earn on their rent, build credit, and now earn on home purchases, Bilt continues to innovate in the housing and rewards space.