Bilt Rewards Elite Status Program: Key Changes Starting 1/1/24

Bilt Rewards is revamping its elite status program, set to take effect on January 1, 2024.

This update reflects the evolution of the Bilt Rewards ecosystem since its initial beta launch in June 2021.

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Bilt Rewards Elite Status Program Key Changes and Features

New Ways to Earn Status

• Bilt Mastercard Spend: Use your Bilt Mastercard for faster status achievement.
• Diverse Spending Options: Earn status through spending on SoulCycle classes and Bilt Dining restaurants booked via the Bilt app, Lyft rideshares with Bilt as the rewards partner, and purchases made in the Bilt Travel Portal.

Enhanced Tier-Based Benefits

• Existing Benefits: Continuation of transfer bonuses and priority event access.
• New Benefits: Additional perks to be announced in the coming months.

Milestone Rewards

• Rewards for Points Accumulation: Unlock special rewards every 25,000 points earned.

Qualifying Points and Spend for Status (Jan 1 – Dec 31, 2024)

• Silver: 50,000 Bilt Points or $10,000 spend
• Gold: 125,000 Bilt Points or $25,000 spend
• Platinum: 200,000 Bilt Points or $50,000 spend

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Earning Status: Spend vs. Points Track

• Example for Gold Status:
• Via Spend Track: $25k per year in non-rent spend (~$2,100 per month on Bilt Card).
• Via Points Track: 36,000 points/year on rent, requiring additional ~$30,000 spend in the 3X dining category to reach 89,000 points.

Adjustments and Enhancements

• Increased Earning Opportunities: Double points on Rent Day, up to 10X on fitness classes, up to 2X on travel, up to 10X on dining, and up to 5X on Lyft rides.
• Value Proposition: Comparable to premium programs without the high annual fees.

Anticipation for 2024

Bilt is poised to offer an elevated level of value starting January 1, 2024, with special emphasis on their upcoming Rent Day offer, including three transfer bonuses of up to 150%.

Our Take

The revamped Bilt Rewards Elite Status Program aims to offer a more rewarding and sustainable experience for its members. With diversified ways to earn status and enhanced benefits, the program is adapting to the growing and varied ways members engage with the Bilt ecosystem. This update promises to deliver significant value, catering to a broad spectrum of spending habits and preferences.

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