Latest news with #BiltRewards
Bloomberg
10-07-2025
- Business
- Bloomberg
Bilt Rewards Triples Valuation to $10.8 Billion in Mortgage Push
Bilt Rewards, the platform best known for doling out rewards points for rent payments, more than tripled its valuation to $10.8 billion in a fresh funding round as it seeks to do the same for mortgages. Bilt raised $250 million in a round led by General Catalyst and real estate investor GID, which were joined by home lender United Wholesale Mortgage, according to a letter to customers that was shared with Bloomberg.
Time of India
05-07-2025
- Business
- Time of India
Everyone You Need to Know About Ankur Jain: Indian Origin Billionaire Married to a Former WWE Star
Image via Ankur Jain's Instagram Interesting things are meant to happen when a professional wrestler marries a literal billionaire. If someone asks to point out the richest face in pro wrestling, then many would say Vince McMahon . However, the former WWE CEO isn't the only billionaire associated with the wrestling landscape, but with a twist. Meet Ankur Jain. Jain is an entrepreneur of Indian origin who founded a credit/debit card loyalty company called Bilt Rewards. The company is believed to be valued at around $3.1 billion. However, the most interesting thing about Jain is that he is married to a former WWE wrestler named Erika Hammond. Ankur Jain: A Man of Wealth and Many Talents Ankur Jain was born in 1990 in Bellevue, Washington. He grew up in the nearby city of Redmond and later attended the Wharton School at the University of Pennsylvania. After graduating, he founded the Kairos Society, an organization that supports and helps young entrepreneurs in the U.S. Apart from this, Jain is part of the X-Prize Foundation and serves as a member of the Pacific Council on Foreign Relations. His list of achievements is long! In 2017, the World Economic Forum recognized him as a 'Young Global Leader'. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo 5 years earlier, he was called '30 under 30: Solution Broker' by the Christian Science Monitor. Moreover, Jain has also served as the Vice President of Product at Tinder. Jain's net worth is estimated to be around a whopping $1.2 billion, with a 36% stake in Bilt Rewards. Now coming to his love life, Jain met his wife, Erika Hammond, at the celebrity-favored gym Rumble Boxing, where she was employed as a fitness instructor. She is best known for competing for NXT back in 2010. Hammond once revealed that Jain approached and asked her out without any makeup and while she was covered in sweat. This quality impressed Hammond, and the couple got engaged in 2022. They finally tied the knot in an illustrious ceremony on 26 April 2024. Their marriage was a star-studded affair as they exchanged vows at the foot of Egypt's pyramids. Moreover, the ceremony was attended by several key business and political figureheads like Lance Bass, Michael Turchin, Rick Perry, and Brian Kelly. Also read: Randy Orton set to clash against returning superstar at WWE Saturday Night's Main Event For real-time updates, scores, and highlights, follow our live coverage of the India vs England Test match here. Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.
Fast Company
24-06-2025
- Business
- Fast Company
Bilt to last? Inside the points-obsessed startup that rewards you for paying rent on time
The night is young when Bilt Rewards founder and CEO Ankur Jain steps inside Manhattan's ABC Cocina restaurant on a Monday in early spring. Vintage chandeliers glint overhead as the 35-year-old Jain, in jeans and sneakers, makes his way through the crowd, shaking hands, his winsome smile comfortably affixed. We're here for a recurring comedy show that's offered to members of Bilt, the loyalty program and payments platform for renters that Jain founded in 2019. As usual, the show sold out—through a combination of dollars and Bilt points—in minutes. As we find our seats, Jain disappears briefly, reemerging with martinis. Over the next hour, a half dozen comedians take the stage to deliver their takes on politics, parenting, dating, and more. Jain joins in on the biggest laughs, slapping the table in approval. And when the evening's final comedian takes a dig at Bilt itself, which has close to 5 million members and is valued at more than $3 billion, calling it a 'cult' and suggesting that the audience rob its founder of his 'billion dollars' that very night, Jain doesn't flinch. In a way, Bilt did start out as a cult—one aimed at credit card enthusiasts who collect points and miles with near-religious fervor. The startup first broke through with the Bilt Rewards Mastercard, which offers users rewards points for rent payments. The card launched to the public in March 2022 with a party at One Vanderbilt, Midtown Manhattan's tallest skyscraper. Mayor Eric Adams attended and A$AP Rocky performed. Credit cards are a cutthroat business, but no one had ever tried securing a place in the wallets of affluent young professionals by focusing on rent, the biggest financial burden for many. (In the U.S., residential tenants pay $750 billion in rent each year.) Eighteen months later, Bilt had activated more than a million accounts and won over the kind of reward maximizers who treat The Points Guy blog as gospel. Brian Kelly, the 'Points Guy' himself, is a Bilt investor.
Business Insider
13-06-2025
- Business
- Business Insider
Bilt Rent Day June 2025: Up to 200% Bonus on Accor Hotel Point Transfers
Bilt Rent Day allows members to earn bonus points, tackle fun challenges, and try new experiences. This June, get up to a 200% bonus when transferring Bilt Points to hotel partner Accor. Bilt Members can also bid for exclusive dining and comedy experiences in nationwide cities. 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 (up to 100,000 points on rent in a calendar year). Overview of Bilt Rent Day It's a revolutionary concept: Rent is by far the largest monthly expense for most Americans. Rewards earned through Bilt can be used to offset rent or a future mortgage, 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 integrates with points and miles award tracking service to make booking travel with points as easy as possible. What Is Bilt Rent Day? Bilt Rent Day is an ongoing promotion that occurs on the first day of each month, with different activities that allow you to earn bonus points, get exclusive transfer bonuses to valuable airline and hotel partners, receive big discounts on cruises, and more. Bilt Rent Day Rewards Limit As of late 2024, Bilt Rent Day bonus rewards are capped at a total of 1,000 Bilt Points across all earning categories. Bilt Rent Day June 2025 Here are all the activities you can anticipate this month: Up to 200% transfer bonus to hotel partner Accor (June 1) Bilt Members can get up to a 200% transfer bonus this Bilt Rent Day when transferring Bilt Points to Accor: Bilt Blue and Silver Members: 50% transfer bonus Bilt Gold and Platinum Members: 200% transfer bonus The bonus is valid from June 1, 12 a.m. ET, to June 2, 2:59 a.m. ET. Lyft redemption bonus (May 27 through June 1) Bilt Members can enjoy a redemption bonus leading up to Bilt Rent Day when redeeming Bilt Points for Lyft rides after linking their Bilt and Lyft accounts: Bilt Blue and Silver Members: 25% redemption bonus Bilt Gold and Platinum Members: 100% redemption bonus This bonus is available from May 27 to June 2, 2:59 a.m. ET. Complimentary chicken parm hero sandwich at the Bilt Neighborhood Cafe (June 1, available for purchase in June) Bilt is partnering with Tucci to offer Members a complimentary chicken parm hero at the Bilt Neighborhood Cafe on Sunday, June 1, while supplies last. Members must scan their Bilt account at the counter to verify their Bilt Membership and receive their complimentary item Live DJ music starting at 11:00 a.m. Chicken parm hero sandwiches will also be available for purchase in the Cafe throughout the month of June. Neighborhood Dining with Bilt: Rent Day edition (book beginning May 27 for June 1 event) Every month, Bilt drops all-inclusive reservations at top Bilt Neighborhood Dining restaurants exclusively for Bilt members, featuring curated tasting menus with dishes from renowned chefs and a selection of premium cocktails at Bilt-exclusive prices. Bilt Members nationwide can book exclusive dining reservations for themselves and friends at 33 different restaurants across 15 cities. Dining spots are available beginning May 27. Neighborhood Comedy experiences Bilt has curated another line-up of performers in non-traditional venues for this month. Enjoy drinks and light bites while experiencing local performers at unique venues in 19 cities across the U.S. Spots are limited on a first-come, first-served basis. Monthly Bilt promotions for June 2025 Bilt reveals unique offerings each month, but some promotions (nearly) always stay the same. Pro Tip: Bilt implemented a monthly cap on bonus points in late 2024. Now, earnings revert back to the standard rate after you've earned 1,000 bonus points across all spending categories each Rent Day. Double Bilt points on non-rent purchases (June 1 only) On the first day of each month, the Bilt Mastercard® (rates and fees) earns twice its normal rate for non-rent purchases, up to 1,000 bonus points. 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 do not double, remaining at 1 point per dollar with the Bilt Mastercard® (up to 100,000 points in a calendar year). When using Bilt Dining, you'll earn 5 bonus points per dollar at select restaurants. This stacks with the 3 points per dollar you'll normally earn when using the Bilt Mastercard® for dining. During Rent Day, this 5-point bonus will not be additionally bonused. One important note: You must use your Bilt Mastercard® at least five times per statement period to be eligible to earn points. Complimentary SoulCycle rides and Barry's fitness classes (for June 1, book beginning May 28) Bilt offers complimentary rides to a select number of Bilt members per class who book directly in the Bilt App in 50+ SoulCycle locations nationwide. Fitness favorite Barry's also continues to partner with Bilt this month, with complimentary classes and a complimentary shake after class. SoulCycle: 700 spots available nationwide for June Rent Day Rides Barry's: 10 locations this month across Brooklyn Heights, NoHo, Newport Beach, Denver, FiDi, Atlanta, River North, Dallas, Arlington, Charlotte All complimentary fitness sessions are now final sale, with no refunds or cancellations once booked. Play the Rent Free game for a chance to have your rent paid (between May 27 and June 1) Bilt offers 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 (up to $2,500). 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 (double points) Correctly choosing the same answer as the celebrity guest of the month (triple points) The top-scoring 10 Rent Free participants will earn a free month of rent, 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 500 participants will earn bonus Bilt Points. Bilt members can play Rent Free from May 27 until 3 p.m. ET on June 1. After 4 p.m. on Bilt Rent Day, you can return to the Bilt app to watch the full episode and see your score. The top 10 scoring players will be this month's rent winners, and the next top scoring 1,000 members will nab some extra Bilt Points. How Bilt Rent Day works Bilt Rewards aims to make paying rent, which typically falls 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 1 point on rent payments without the transaction fee (up to 100,000 points each calendar year), 3 points on dining, 2 points on travel, and 1 point on other purchases (use the card 5 times each statement period to earn points). Special promotions and bonus points Bilt Mastercard® cardholders regularly get opportunities to earn bonus points. Cardholders earn 3 points per dollar on dining and 2 points on travel at all times, plus 1 point on everything else when you use the card five times during a statement period. On Bilt Rent Day, all rewards are doubled, except on rent payments, up to 1,000 points: 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 to 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 a card that earns 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 monthly, but these best practices can help you make the most of each bonus opportunity. Dine out on Bilt Rent Day Cardholders earn 6 points per dollar on dining on Bilt Rent Day, and can double up on extra rewards by visiting Bilt dining partners that earn additional points per dollar spent. 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 the value of Bilt Points 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 several travel and lifestyle partnerships 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. Home ownership 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. Past Bilt Rent Day promotions Past Rent Day promotions have included buy-one get-one deals on cruises and fitness classes, complimentary status matches with popular hotel chains, up to 150% transfer bonuses on points, and exclusive restaurant and social experiences. May 2025: Bonuses on Southwest transfers, targeted Amazon redemption bonuses, neighborhood fitness, comedy, and dining April 2025: Bonuses for Lyft and Avios, free Bilt Neighborhood Coffee, complimentary Barry's Fitness classes March 2025: Hilton transfer bonus, free Bilt Neighborhood Coffee, complimentary Barry's fitness classes in NYC, exclusive dining x OpenTable February 2025: Avianca transfer bonus, J Balvin tour tickets, Bilt Neighborhood Cafe goodies, swag store launch, NYC Open Table x Bilt, Neighborhood Comedy, Rumble Boxing January 2025: Accor ALL status match, NYE Bilt Dining, Neighborhood Comedy, and Rumble Boxing classes December 2024: Earn 3 points per dollar on most 1-point categories, up to 100% redemption bonus when using points to pay for Amazon, Neighborhood Comedy, and complimentary Rumble Boxing classes November 2024: 2 points per dollar on on groceries, Biltsgiving cooking classes, targeted bonuses for British Airways point transfers, and waived transaction fees on Alaska Airlines credit card rent payments October 2024: Second guest free and bonus benefits on select Virgin cruises, Hilton Honors status match, targeted bonus for 10 points per dollar on Bilt Neighborhood Dining, plus rent credit bonus when paying with points September 2024: 50% Avianca transfer bonus, up to 100% Virgin Atlantic or Virgin Red transfer bonus, second guest free and bonus benefits on select Virgin cruises, plus buy-one, get-one passes from ResortPass August 2024: Second guest free and bonus benefits on select Virgin Voyages cruises, plus access to a Bilt party at the BLADE Lounge in NYC July 2024: Bilt Neighborhood Dining, plus up to 100% Alaska Airlines transfer bonus and status match June 2024: Bilt Rent Day Brunch, up to 10 points per dollar bonus at Bilt Neighborhood Dining restaurant partners May 2024: Family-style Bilt Dining experiences, up to 50,000 points toward Bilt Home Collection purchases when redeeming Bilt Points for rent April 2024: Complimentary fitness classes, buy-one get-one fitness classes, and discounted fitness gear March 2024: Bilt Experiences for college basketball games and March Rent Day benefits voting bracket, resulting in bonus points for linking new cards and 5 points per dollar spent on groceries when paying with the Bilt Mastercard® February 2024: 75% to 150% Air Canada transfer bonus, plus exclusive Valentine's Day reservations January 2024: Lyft credit, 50% redemption bonus on Amazon purchases, plus Air France-KLM, Virgin Atlantic, and IHG transfer bonuses December 2023: 2 points per dollaron non-bonus purchases leading up to Bilt Rent Day, plus NYC cardholder dining experience November 2023: 75% to 150% Emirates transfer bonus based on Bilt elite status, plus Bilt Dining Experiences October 2023: Bilt Experiences for football games and bonus points on sporting events September 2023: Complimentary SoulCycle rides available nationwide August 2023: 75% to 150% Virgin Red transfer bonus based on Bilt elite status tiers July 2023: Bonus Lyft credits June 2023: Rent Day Challenge puzzle points bonus May 2023: 100% Air France-KLM transfer bonus April 2023: Complimentary Hyatt Explorist status March 2023: 50% bonus when redeeming Bilt Points for Amazon purchases February 2023: 100% Hawaiian Airlines transfer bonus January 2023: Bilt Rent Day trivia Bilt Rent Day frequently asked questions What exactly is Bilt Rent Day? 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? 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.
Forbes
23-05-2025
- Business
- Forbes
Bilt Adds Two New Travel Partners In The Same Month
Bilt Rewards is on a roll this month by adding two new airline travel partners. Japan Airlines and Qatar Airways join the lineup to provide distinct award flights, first-class experiences, plus more ways to maximize your oneworld alliance membership. LOS ANGELES, CALIFORNIA - MARCH 28: A Japan Airlines Boeing 878-9 Dreamliner airplane arrives at Los Angeles International Airport from Tokyo on March 28, 2025 in Los Angeles, California. (Photo by) Getty Images Starting May 13, 2025, Bilt Rewards members can transfer loyalty points at a 1:1 ratio to their Japan Airlines Mileage Bank account. This announcement marks a 'first' for both loyalty programs, with Bilt being Japan Airlines' first North American 1:1 point transfer partner. Further, the airline is Bilt's first Japan-based airline and its second East Asian collaboration. Ankur Jain, Founder and CEO at Bilt says, 'Now, your housing payment that was once just a monthly expense can unlock premium travel experiences with one of Asia's most respected airlines, giving our members access to Japan and beyond through JAL's extensive network and oneworld Alliance partnerships." Bilt members can also start redeeming their miles within seven days of opening a Mileage Bank account instead of the standard 60-day waiting period that Japan Airlines usually imposes on new members. However, be sure to transfer and book flights before June 1, 2025, when award rates increase. For example, one-way award flight rates from the U.S. West Coast to Tokyo Narita (NRD) or Tokyo Haneda (HND) currently start as low as 70,000 miles during the low season. Japan Airlines is a oneworld alliance member with a flexible stopover with up to three complimentary segments on partner airlines. Bilt members can also compare alliance itineraries and transfer to Alaska Airlines and American Airlines. Effective May 22, Qatar Airways becomes Bilt's 21st transfer partner. Members enjoy a 1:1 transfer ratio to convert Bilt Points into Privilege Club Avios for award flights. This international airline also has point transfer relationships with several credit card loyalty programs, making it easy to pool miles from various accounts to book an exciting trip. Qatar's Qsuite business class is one of the world's best cabin experiences in this ticket class. Your amenities can include a fully lie-flat seat, a privacy door, and premium pajamas. You can also book cross-country trips with domestic alliance partners, including Alaska Airlines and American Airlines. 'Our partnership with Bilt marks an exciting step forward in expanding our footprint in the U.S. market. Together, we are unlocking new opportunities for our Privilege Club members around the world – transforming everyday expenses into exceptional global travel experiences,' says Thierry Antinori, Chief Commercial Officer at Qatar Airways. Both travel partnerships offer exciting premium cabin experiences and flexible stopover policies that make traveling the globe easier. Transferring at a 1:1 ratio helps you secure the most competitive redemption values, especially with the ultra-exclusive Japan Airlines relationship. Related Articles:
