We’re very excited to be the exclusive travel exchange partner for Bilt Rewards, the first-ever loyalty program that lets consumers earn rewards on rent. Launched today, Bilt Rewards marks the first-ever rewards program for the housing sector and the $500 billion/year rental market at large. We are pleased to be partnering with Bilt and playing an integral role in this industry-first loyalty program.
Unlike other financial transactions such as retail purchases and credit card spend, rent is typically an outlay that consumers cannot accrue any rewards on - despite it often being their biggest financial commitment each month. With Bilt, renters have a way to start earning on this monthly expenditure and use their points towards a wide range of products and services.
One of the key ways that Bilt Rewards customers can redeem their points is by using them to make future travel bookings. Members can simply link their Bilt Rewards loyalty account to that of their preferred airline or hotel partner. Travel programs available will include American Airlines AAdvantage®, Air Canada Aeroplan, Emirates Skywards, Air France-KLM Flying Blue, Hawaiian Airlines HawaiianMiles, Virgin Points, and World of Hyatt. Members can then seamlessly convert their Bilt Rewards points 1:1 into the miles or points of their program of choice. In short; Bilt Rewards can get consumers closer to their dream vacation simply by paying their rent.
The Bilt Rewards point exchange program has been enabled by the implementation of our Exchange service. With the integration of Exchange, loyalty programs also benefit from worry-free operational and transaction management through handling member validation safely and securely, as well as crediting and the ability to process exchange transactions in real-time along with our industry-leading global fraud prevention program.
Our Exchange service provides loyalty programs the ability to add new partners into their reward suite quickly and easily as it also saves on resources (time, money, manpower) and alleviates the legal contract execution and integration setup. In turn, it can also generate more member engagement as consumers enjoy more benefits when it comes to using their rewards.
We look forward to extending our collaboration with Bilt as we continue to enhance the Bilt Rewards program with the integration of additional travel loyalty partners over time. For more information on this announcement click here