Core Insights - Bilt Rewards has introduced a transfer bonus to British Airways Avios, offering between 50% and 100% bonus on transfers, which can provide significant value for users with redemption plans [2] - The updated Bilt Mastercard allows users to earn rewards on rent payments, with a unique structure that includes no transaction fees for rent payments and various bonus categories [6][21] - Bilt has partnered with over 2 million apartment units to create the Bilt Rewards Alliance, enhancing the utility of their rewards program for renters [7] Bilt Rewards Program - Bilt offers a transfer rate of 1,000 Bilt Points to 2,000 Avios, with varying bonuses based on user status: 75% for Gold, 60% for Silver, and 50% for Blue [1] - Users can earn double points on "Rent Day," with 6X points on dining, 4X on travel, and 2X on other purchases, capped at 1,000 bonus points [3][7] - The Bilt Mastercard allows for up to 100,000 points to be earned annually on rent payments, with 1X points per dollar spent [9] Redemption Options - Bilt points can be redeemed for various purposes, including home down payments at a rate of 1.5 cents per point, and for Amazon purchases at 0.70 cents per point [12][13] - Rent payments can be converted to points at a rate of 0.55 cents per point, which is less favorable compared to other redemption options [13] - Bilt also offers unique items and experiences through the "Bilt Collection" catalog, providing additional avenues for point redemption [14] Payment Process - Bilt facilitates rent payments through checks or ACH transfers, eliminating credit card transaction fees for landlords [16] - Users must pre-authorize their rent payments in the Bilt app, ensuring a streamlined payment process [17][18] - The Bilt Mastercard includes benefits such as cell phone protection when monthly bills are paid with the card [20]