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Bilt Rent Day July 2024: Alaska Airlines transfer bonus and elite status match, Sushi Bar omakase reservations

Businessinsider 2 days ago
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Bilt Rent Day opportunities help you maximize your rewards on the first day of each month. Bilt

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  • Bilt Rent Day allows members to earn bonus points, tackle fun challenges, and try new experiences.
  • For July, Alaska Airlines is offering a point transfer bonus of up to 100% or an elite status match.
  • Starting June 27, Bilt Members can book exclusive dining reservations including Sushi Bar omakase.

Introduction to Bilt Rent Day

Bilt Rewards is a unique program that lets you earn points for paying rent with a credit card without oppressive service charges.

Overview of Bilt Rent Day

It's a revolutionary thought: Rent is by far the largest monthly expense for most American. And the rewards you earn through Bilt can be used to offset rent costs, or converted into valuable airline miles and hotel points to help you knock off bucket-list travel that might otherwise be unattainable.

The Bilt app has even integrated with award booking service Point.me to help you book travel using as little brainpower as possible.

What is Bilt Rent Day?

Bilt Rent Day is an ongoing promotion that occurs on the first day of each month, combining multiple fun offers that allow you to earn bonus points, get exclusive transfer bonuses to valuable airline and hotel partners, receive big discounts on cruises, and more.

July 2024 Benefits

This July is all about Alaska Airlines, Bilt's newest airline partnership. While Bilt's partnership with American Airlines quietly ended earlier this month, Alaska is taking over July's Bilt Rent Day with two exciting promotions: an opportunity to score Alaska Airlines elite status for six months, and a generous point transfer bonus for Bilt Members based on status.

Alaska Airlines transfer bonus (July 1 only)

Bilt Members will enjoy the following bonus rates when transferring up to 50,000 Bilt Points to Alaska on July 1: 

  • Bilt Blue (lowest-tier): 25% transfer bonus (2,000 Bilt Points transfer minimum)
  • Bilt Silver: 50% transfer bonus (1,000 Bilt Points transfer minimum)
  • Bilt Gold: 75% transfer bonus (1,000 Bilt Points minimum) 
  • Bilt Platinum: 100% transfer bonus (1,000 Bilt Points transfer minimum)

Bilt Members must have an Alaska Airlines Mileage Plan membership to transfer points, but enrollment is free and easy.

Your transfer bonus rate will be based on your Bilt status on July 1 — so if you're just a few dollars away from the next tier, this is a good week to work on earning your way up. Bilt statuses can take up to 96 hours to update after qualifying activity.

Transfers must be initiated between midnight Eastern time on July 1 and 2:59 a.m. Eastern time on July 2. Bilt Members can transfer up to 50,000 total Bilt Points during the promotional period. Additional point transfers will not qualify for further bonuses; instead, 1 Bilt Point will be worth 1 Alaska Mileage Plan mile.

Alaska Airlines elite status match (June 25 to July 1)

Bilt's top-tier members can take advantage of a further benefit with Alaska this month: an elite status match through December 31, 2024.

  • Bilt Platinum Members can activate Alaska MVP Gold Status
  • Bilt Gold Members will be able to activate Alaska MVP Status

Each Bilt member must transfer 10,000 Bilt points to Alaska Mileage Plan through this elite status match activation page in order to activate this promotion. Points transferred for the elite status match do not qualify for the airline's transfer bonus promotion and will not count toward the 50,000-point bonus limit.

Bilt Rent Day July 2024

Bilt Mastercard®

Wells Fargo Bilt Mastercard®
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4/5
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Perks

Earn up to 1x points on rent payments without the transaction fee, up to 100,000 points each calendar year. Earn 2x points on travel. Earn 3x points on dining. Earn 1x points on other purchases. Earn points when you make 5 transactions that post each statement period.

Annual Fee

$0

Intro APR

N/A

Regular APR

See Terms

Intro Offer

N/A

Recommended Credit

Good to Excellent

Pros
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Only credit card to offer rent payments to any landlord
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Excellent range of airline and hotel transfer partners through the Bilt App
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. World Elite Mastercard benefits and no annual fee
Cons
  • con icon Two crossed lines that form an 'X'. If you’re not a renter, other cards offer better welcome bonuses and rewards
  • con icon Two crossed lines that form an 'X'. Must make 5 transactions per statement period to earn points
Insider’s Take

The Bilt Mastercard® is the first credit card to offer up to 100,000 points in a calendar year rewards for paying rent without the transaction fee — and you can redeem your points for travel, merchandise, and more. While it now offers bonus points on dining and select travel, if you're not a renter, you should consider other no-annual-fee rewards credit cards as well.

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Product Details
  • $0 Annual Fee.
  • Earn up to 1x points on rent payments without the transaction fee, up to 100,000 points each calendar year.
  • 2x points on travel.
  • 3x points on dining.
  • 1x points on other purchases.
  • Earn points when you make 5 transactions that post each statement period.
  • When renting at a Bilt Alliance property, you can choose to have your rent payments automatically reported by Bilt to the three major credit bureaus each month; Experian™, TransUnion™, and Equifax™.

Dining with Bilt: Sushi Bar omakase

This July, Bilt partnered with 18 top-tier restaurants to provide all-inclusive dining reservations in Austin, Boston, Chicago, Dallas, Houston, Los Angeles, Miami, New York City including Brooklyn, Miami, Philadelphia, and Washington D.C. Each reservation will feature a curated tasting menu with dishes from renowned chef, and a selection of premium cocktails at member-exclusive prices. 

Celebrity-beloved Sushi Bar is prominently featured among this month's exclusive restaurant partners, with reservations available in four different cities. These reservations will feature a curated omakase tasting menu and pop culture personality Brooklyn Peltz Beckham's premium-grade Japanese sake, WESAKE.

Reservations begin at $75 or 6,000 Bilt points per person. Bilt members can reserve dining spots in the following order beginning June 27:

  • Platinum members at 12:00 p.m. Eastern time
  • Gold members at 12:10 p.m. Eastern time
  • Silver members at 12:20 p.m. Eastern time
  • Blue members at 12:30 p.m. Eastern time 

Monthly Bilt promotions

Bilt reveals unique offerings each month, but some promotions (nearly) always stay the same. However, Bilt's beloved Point Quest game is going away for good after this month's final round. 

Earn double Bilt Points on non-rent purchases

On the first day of each month, the Bilt Mastercard® earns twice its normal rate for non-rent purchases. Here's what you'll earn:

  • 6 points per dollar on dining (regularly 3 points per dollar) — and up to 11 points per dollar when using the Bilt Dining feature
  • 4 points per dollar on travel (regularly 2 points per dollar)
  • 2 points per dollar on all other purchases (regularly 1 point per dollar)
  • Rent payments are not doubled, remaining at 1 point per dollar with the Bilt Mastercard® (up to 100,000 points in a calendar year).

Your earnings will revert back to the standard rate after you've earned 10,000 points across all spending categories each Rent Day.

One important note: You must use your Bilt Mastercard® at least five times per statement period to be eligible to earn points.

Complimentary SoulCycle Ride

Bilt offers complimentary rides to the first 10 members per class who book directly in the Bilt App in 50+ SoulCycle locations nationwide. Those who don't sign up in time to grab one of the 10 spots can still book a ride through the fitness tab in the Bilt app using either points or regular payment.

This month, complimentary Soulcycle slots for Rent Day open up June 28 at 12:00 p.m. Eastern time.

When you book a Rent Day Ride, you'll automatically be entered to win free rent for a month (up to $2,500). One rider per Rent Day Ride will win, so there's a higher chance of scoring free rent if you exercise with Bilt on the first of each month. 

Riders who can no longer participate must cancel their reservations via the Bilt app before 5 p.m. local time on June 30, on the app's Fitness tab under "My Bookings." Late attendees and no-shows may be charged a $30 fee.

Play the Rent Free game for a chance to have your rent paid

Bilt also has a Family Feud-style game called Rent Free, with a different celebrity guest each month. Participants guess their best answers to questions Bilt presents to a panel of 1,000 members each month, trying to identify the most popular answers. 

Rent Free has new and improved rules for winning points and free rent. Game show participants will be scored on their guesses, calculated from three factors:

  • Correctly pick a top three answer
  • Correctly rank that answer on the board (2x points)
  • Correctly choosing the same answer as the celebrity guest of the month (3x points)

The top-scoring 10 Rent Free participants will earn a free month of rent in July, up to $2,500 apiece. If two top participants tie with the exact same score, the win will go to the Bilt Member who completed the game first. The next top-scoring 600 participants will earn bonus Bilt Points.

Bilt members can play Rent Free from June 25 until 3:00 p.m. Eastern time on July 1. After 4 p.m. that day, you can return to the Bilt app to watch the full episode and see your score. The top 10 scoring players will be July's rent winners, and the next top scoring 600 members will nab some extra Bilt Points. 

Rent Free is available in the Bilt app now featuring this month's celebrity guest: Brooklyn Peltz Beckham.

Point Quest trivia (final game) 

This July will mark the final round of Bilt's virtual trivia game, Point Quest, which is playable in the Bilt app on the first day each month. You can answer five questions for a chance to win up to 150 points. If you answer all five questions correctly, you can answer a sixth question worth an additional 100 points, for a grand total of 250 free points..

How Bilt Rent Day works

Bilt Rewards aims to make paying rent — typically on the first day of each month — just a little bit more fun.

Bilt Rent Day falls on the first of every month, and Bilt members who fire up the Bilt Rewards app can book complimentary SoulCycle classes, earn extra points by playing trivia games, and participate in various promotions with exciting rewards such as a free month's worth of rent. 

Earning rewards on rent payments

Bilt Rent Day is part of the Bilt Mastercard® incentives program, which helps renters earn rewards on rent payments. Most credit cards charge a fee for paying rent by credit card, and many landlords refuse to accept rent payments by card because of the high fees associated with processing credit card transactions. 

The Bilt Mastercard® absorbs those fees, and throws in generous rewards to boot: Renters earn Earn 3x points on dining. Earn 2x points on travel (when booked directly with an airline, hotel, car rental or cruise company). Earn 1x points on rent payments (up to $100,000 each year). Earn even more on Rent Day with 6X on dining, 4X on travel, and 2X on other purchases (except rent). Earn points when you make 5 transactions that post each statement period..   

Special promotions and bonus points

Bilt Mastercard® cardholders regularly get opportunities to earn bonus points. Cardholders earn 3x on dining and 2x on travel at all times, plus 1x on everything else.

On Bilt Rent Day, all rewards are doubled except on rent payments: Restaurant dining now earns 6 points per dollar, travel earns 4 points per dollar, and regular spending outside of rent earns 2 points per dollar. 

Bilt Dining

The Bilt Dining program allows everyone — even non-Bilt card members — to earn bonus points on eating out. Participating restaurants in dozens of cities offer bonus points for every dollar spent at that location.

Anyone who links a credit card into the Bilt Rewards app can earn these bonus points — this way, you can "double-dip" rewards if you prefer to pay for restaurant spend on the Capital One Savor Cash Rewards Credit Card† or the American Express® Gold Card, both of which earn generous rewards on dining. 

Participating in Bilt Rent Day

You can participate in Bilt Rent Day even if you don't pay rent. Here's how: 

Eligibility and signup process 

You'll need a Bilt Rewards account to participate in Bilt Rent Day activities. Sign up at Bilt Rewards, and link your Bilt Mastercard® to the account if you have one. Then download the Bilt Rewards app onto your mobile device to participate. 

Every month, bonus activities will be announced a few days ahead of time, so keep an eye out for free fitness class sign-ups or other time-sensitive activities. Then on the first of the month, log back in to look for restaurants offering elevated dining rewards, play games to earn extra Bilt points, and more. 

Making rent payments through Bilt

Rent payments also take place within the Bilt Rewards app. Click on the "pay rent" button toward the bottom of the app, and follow the instructions on the screen. There are two options: "Pay rent online" or "pay by check".

It's easiest to pay rent via the Bilt Mastercard®, since it doesn't charge transaction fees. 

Pay rent online

If your building allows online rent payments, use the virtual routing number and account number provided within the app to send your transaction just like you would set up an online draft through your bank account.

Pay by check

If your landlord doesn't allow online payments, you can request a rent check via the Bilt app. Complete the setup process by sharing your landlord's contact and payment information, and your rent check will automatically be disbursed on your behalf each month. You may need to finesse the timing of your payments to ensure that your rent checks arrive on the required date each month to avoid late fees. 

Maximizing your rewards 

Strategies for increasing points on Bilt Rent Day

Bilt Rent Day promotions change each month, but these best practices can help you make the most of each bonus opportunity. 

Play Points Quest with your friends

You can make a game out of Bilt Rent Day with your friends by completing quests together. The Points Quest trivia game goes by quite quickly, with just 10 seconds of decision time allotted for each question, but it can be fun to participate with your friends to shout out answers for each other.

Dine out on Bilt Rent Day 

You can earn up to 16x on Bilt Rent Day if you max out every possible opportunity. Some cities have dining partners that offer up to 10x, while cardholders earn 6x on dining on Bilt Rent Day. 

Best practices for redeeming Bilt points

The rewards earned from Bilt Rent Day can be substantial if you max out every opportunity. Bilt Points are most valuable when transferred to airline partners. Our guide to Bilt Points and their worth can help you strategize the best travel opportunities and redemption rewards. 

You can also redeem your points toward rent payments or paying down your statement balance, or use them to pay for products through the Bilt Collection. 

Benefits beyond rent payments

Travel and lifestyle partnerships

Bilt has a number of travel and lifestyle partnership with various brands such as SoulCycle. Bilt members who book SoulCycle classes through the app often earn bonus points or class credits toward future workouts. 

Homeownership credits

Renters interested in owning their own homes someday can benefit from Bilt Rewards as well. Bilt reports to major credit bureaus, so timely payments toward your credit card statement balance can help you raise your credit score, qualifying you for better mortgage interest rates and loan terms. You can also use your Bilt Points toward your down payment with select lenders, at a rate of up to 1.5 cents apiece. 

Bilt Rent Day frequently asked questions

What exactly is Bilt Rent Day? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Bilt Rent Day is a promotion-filled event that falls on the first of each month. Bilt Rewards members earn extra points and various prizes by playing trivia games, paying rent through Bilt, and earning double points on most purchases that day. 

How do I earn rewards on Bilt Rent Day? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Bilt members earn points by paying rent through the Bilt Mastercard®. They can also earn points by playing the Points Quest trivia game, booking fitness classes through Bilt partners, and spending on the Bilt card. 

Who is eligible to participate in Bilt Rent Day? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Anyone can sign up for a Bilt Rewards account to participate in Bilt Rent Day activities, even if they don't pay rent or have a Bilt Mastercard®.

Can Bilt points earned on Rent Day be used for anything other than rent? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Bilt Points can be used for travel, workout classes, bonus experiences, or even a down payment on a future home through the Bilt Homeownership Program.

What are some tips for maximizing rewards on Bilt Rent Day? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

The best way to maximize rewards for Bilt Rent Day is by remembering to participate. Pay your rent on the first day of the month, dine out or book travel on double points day, and do your best to ace Points Quest for free points or play the Rent Free game show to potentially win one free month or rent. 

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