A number of days in the past, Bilt formally introduced how Bilt Money works. It’s… sophisticated. This text is devoted to strolling by it intimately.
What Is Bilt Money
Bilt Money is a second rewards system launched by Bilt, separate from Bilt Factors. Bilt Factors are extraordinarily in style due to wonderful switch companions (together with Hyatt, Japan Airways, Alaska Airways, United, and many others.) and frequent beneficiant switch bonuses—that is one in all Bilt’s largest strengths.
Bilt Money, alternatively, is just not that nice to make use of. In a single sentence: the system is overly advanced, with too many restrictions on redemption. That stated, there are some particular conditions the place it would make sense. Learn on for particulars.
One necessary notice: Bilt Money expires yearly on 12/31. You possibly can solely roll over as much as $100 of Bilt Money into the subsequent yr. So when you earn it, you really want to make use of it promptly.
How one can Earn Bilt Money
There are two methods:
- On a regular basis spending (every thing besides lease and mortgage funds) earns 4% again in Bilt Money.
- For each 25,000 Bilt Factors earned towards standing, you routinely earn $50 in Bilt Money. The important thing phrase right here is “towards standing,” which means factors from sign-up bonuses do not rely. In apply, this principally means you may solely earn this by spending.
All of the Methods to Use Bilt Money
The record is lengthy, painful, and actually exhausting. I’ll paste the unique record under so you may rapidly skim it—studying it rigorously will completely provide you with a headache:
Eating and Groceries
$120 / yr in direction of grocery or restaurant supply (fulfilled through GrubHub)
Redeem towards restaurant and grocery supply fulfilled by GrubHub; $10 credit score every month; Accessible 3/1/26
$60 / yr of credit for Bilt 15-minute house supply
Redeem Bilt Money towards Bilt’s ultra-fast Dwelling Supply orders on groceries, alcohol, and necessities, powered by Gopuff; $5 credit score every month
$100 / yr towards Gopuff FAM (Free supply and discounted groceries)
Cowl your Gopuff FAM membership for as much as twelve months; as much as $100 yearly; redeemable for month-to-month or annual membership; Accessible 3/1/26
$300 / yr of restaurant credit score at choose Bilt Eating companions
Use Bilt Money towards meals at choose Bilt companion eating places through Cell Eating Checkout; one go to per thirty days as much as $25; rollout increasing to 1000’s of eating places nationwide all through this yr
$600 / yr towards eating expertise bookings
Redeem Bilt Money to guide unique Bilt eating experiences; as much as $50 per thirty days; Accessible 3/1/26
Cardholder Unique Bonus Factors
Cardholder unique bonuses can be found when card incomes is ready to 4% again in Bilt Money on on a regular basis spend.
Level accelerator on on a regular basis spend²
Allow +1X bonus factors on all on a regular basis spend for the subsequent $5,000 following activation; completely obtainable to Obsidian and Palladium cardholders; Value: $200 Bilt Money; as much as 5 activations yearly; expires after $5,000 spend or calendar year-end
Obsidian earnings when enabled: 4X eating or grocery³, 3X journey, 2X on a regular basis spend
Palladium earnings when enabled: 3X on a regular basis spend
Unlock factors on housing funds, as much as 1X
Unlock factors on month-to-month lease or mortgage funds with no transaction charges; each $30 Bilt Money redeemed earns 1,000 factors, as much as 1X of your month-to-month lease or mortgage cost
Journey and Transportation
As much as $1,200 lodge credit score / yr
Use Bilt Money within the Bilt Journey Portal; two-night minimal; as much as $50/month for Blue & Silver members and $100/month for Gold & Platinum members
Unlock increased switch bonuses
Use Bilt Money to improve your Hire Day switch bonus to the subsequent standing tier; Platinum members obtain an extra enhance; instance: Gold member can improve from 75% to 100% for $75 Bilt Money; pricing and availability topic to alter
$120 Lyft rideshare credit / yr
Redeem $10 per thirty days towards Lyft rides
As much as $150 towards a Blacklane experience / yr
Redeem for Blacklane rides; as much as $50/yr (Blue & Silver), as much as $100/yr (Gold), or as much as $150/yr (Platinum)
As much as $700 of BLADE credit score / yr
Redeem for BLADE airport flights; as much as $350 per reserving; as much as 2 bookings per yr; Accessible 3/1/26
Unlock Dwelling Away From Dwelling lodge advantages
Blue & Silver members can unlock luxurious lodge reserving advantages normally reserved just for Gold and Platinum members for $95 Bilt Money; might embody advantages akin to room upgrades, ~$100 lodge credit, early check-in, late checkout, and extra; Accessible 3/1/26
As much as $840 of Precedence Move additional visitor credit / yr
Palladium-only; cowl as much as two visitor charges per thirty days; $35 per visitor; as much as $70 assertion credit score per thirty days
$60 towards parking / yr
Redeem $5 per thirty days at collaborating Bilt Neighborhood Parking places; Accessible 3/1/26
Well being and Wellness
$480 health class credit score / yr
Redeem towards one group health class per thirty days within the Bilt app (together with SoulCycle, Barry’s, and others); as much as $40 per thirty days
$120 Walgreens credit score / yr
Redeem $10 per thirty days towards a Walgreens credit score
Different
$600 towards comedy expertise bookings per yr
Redeem as much as $50 per thirty days for unique Bilt comedy experiences; Accessible 3/1/26
$120 Bilt Design Assortment credit score per yr
Redeem as much as $10 per thirty days towards Bilt Design Assortment purchases
Each single use case has a really low cap, virtually all of them are month-to-month, and the entire thing is frankly insane.
That stated, I do perceive the intent behind this design. A no-annual-fee card that earns 4% on virtually all spending, whereas sustaining an express dollar-for-dollar worth—if this weren’t designed to be extraordinarily tough to make use of, the financial institution would lose a fortune.
Advisable Methods to Use Bilt Money
Personally, I discover the $10/month-style coupons utterly exhausting. Monitoring all of those looks like taking up a second job. So my advice is to concentrate on the next makes use of:
1. Hire or Mortgage Funds
In our article about paying lease and mortgage with Bilt, we talked about that there are two choices. The primary choice does not contain Bilt Money (and when you select this, your spending won’t earn 4% Bilt Money). The second choice enables you to spend $3 in Bilt Money to earn 100 Bilt Factors, capped at your lease or mortgage quantity.
For instance, on a $2,000 invoice, you may spend as much as $60 in Bilt Money to earn 2,000 Bilt Factors.
This methodology converts hard-to-use, soon-to-expire Bilt Money into extremely precious Bilt Factors. If you happen to earned Bilt Money by a sign-up bonus or comparable means, this is among the greatest methods to make use of it.
2. Level Accelerator to Earn Extra Bilt Factors
You possibly can spend $200 in Bilt Money to activate a +1X bonus on Bilt Factors for the subsequent $5,000 in spending. You are able to do this as much as 5 occasions per yr (i.e., as much as $25,000 in spending).
Right here’s the fascinating half: since on a regular basis spending earns 4% again in Bilt Money, spending $5,000 will earn you $200 in Bilt Money—precisely what you spent to activate the bonus. You possibly can then use that $200 once more to activate one other +1X bonus. Some individuals jokingly name this a “perpetual movement machine,” although it isn’t “perpetual” with the $25k spending restrict.
If you happen to spend closely on eating or groceries, the Bilt Obsidian card with the +1X bonus enables you to earn as much as 4X Bilt Factors in these classes, which could be very robust. If most of your spending is in “different” classes, the Bilt Palladium card with +1X turns into 3X on every thing, which can be fairly aggressive.
This technique solely is smart when you actually have the power—and willingness—to place vital spending on Bilt playing cards.
3. Shopping for Increased Switch Bonuses
Throughout Bilt Hire Day promotions, Bilt continuously presents switch bonuses, generally with very robust companions and really excessive bonus charges. Bilt has acknowledged that Bilt Money can be utilized to purchase increased switch bonus tiers. Pricing and availability will fluctuate.
To date, this hasn’t really occurred but, and pricing is unknown. When it does, we’ll replace our Bilt Hire Day web page accordingly.
Remaining Ideas
Bilt Money, as Bilt’s second rewards system, is extraordinarily advanced, with a coupon guide that’s manner too thick and genuinely painful to learn. For most individuals, we advocate selecting the straightforward choice when paying lease or mortgage—one which doesn’t contain Bilt Money in any respect.
If you happen to do need to play the Bilt Money recreation, the makes use of we advocate are: changing it through lease or mortgage funds, utilizing the Level Accelerator to spice up incomes charges by +1X Bilt Factors, or shopping for increased switch bonuses throughout Bilt Hire Day promotions.
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