Tag Archives for bilt.
IHG and Hyatt both offer “Milestone Rewards.” American’s concept is “Loyalty Point Rewards,” formerly called “Loyalty Choice Rewards.” Of these, Hyatt was first. They award benefits for progress as you progress through the program, not just on achieving status tiers. That makes earning your next award closer than before, more accessible and keeps members wanting more because the next thing is achievable.
Bilt Rewards has introduced its own Milestone Rewards.
Bilt Rewards runs bigger points transfer bonuses than any other program. But they last only a day – when they come around, it’s for the first of the month, “Rent Day,” since Bilt makes rent more rewarding.
What’s really interesting is these new markets. Student housing means expanding beyond the core urban professional renter, but is still adjacent, reaching a demographic likely to graduate into their current core – earlier.
But “single-family” is interesting, too, since they also say that “Bilt plans to venture into mortgage payment rewards.” So earning rewards paying your mortgage like they currently offer rewards for paying rent.
Fifteen months ago Bilt raised $150 million at a $1.5 billion valuation. It became one of the fastest companies to ever become a ‘unicorn’.
Now they’ve raised an additional $200 million at a $3.1 billion valuation.
Bilt Rewards get ‘first to know’ advance reservations for New York City Restaurant Week, January 16 – 24. Plus, take advantage and earn up to (3) $10 statement credits on $45+ spend at participating restaurants.
Answering this question starts with looking at the transfer partners each program has (they’re all different), which partners provide the most value, and also how flexible each currency is when you want to use your points directly against a paid ticket or hotel night rather than redeeming for a free flight or free hotel award night.
Wow wow wow. On New Year’s Day “Rent Day” January 1st, Bilt Rewards is offering up to 150% bonuses on points transfers to Air France KLM, Virgin, and IHG One Rewards. They call this “2023’s Most Loved Benefits Return” a repeat of some of their best offers from the prior year, together on one day. These are bigger transfer bonus offers than we see from other programs.
Loyalty programs are really two components bundled in one: recognition and reward. Earn and burn of points matters, but so do elite benefits, which entail better treatment for your best customers.
Bilt Rewards has been mostly an earn and burn program to do, and a very lucrative one at that. But when they launched they clearly recognized the need for an elite level and built out the skeleton of one.
Avianca LifeMiles is a popular Star Alliance frequent flyer program for U.S. members because they sell miles inexpensively on a regular basis, and because you can transfer points into their program from several different credit card currencies.
They have generally reasonable redemption pricing with no fuel surcharges, though getting customer service when things go wrong can be challenging at times.
For Rent Day, the first of each month, Bilt Rewards offers regular promotions like double points and transfer bonuses to its travel partners. For the upcoming month Rent Day offers start early to coincide with Black Friday and Cyber Monday. And they have (7) offers overall.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
