Bilt’s “Rent Day” for March Includes Increased Amazon Redemption

Last fall, Bilt Rewards introduced a new monthly promotion called “Rent Day.” On the first of each month, customers can earn bonus points via a quiz, enter to win free rent, and — for Bilt Mastercard cardholders — earn double points on all non-rent purchases made with their card for the day. Plus, each month so far has brought additional offerings for users. For March 2023, those extra promotions will include an enhanced Amazon redemption option and more.

First, on March 1st, customers redeeming their Bilt Rewards points on Amazon will be able to get 50% more value. With the regular redemption rate for this option coming in at 0.7¢ per point, this promotion will increase that to 1.05¢ per point. To get started with this option, customers can log into their Bilt account, head to Rewards, select the Shopping tab, tap the Shop Now button under Amazon, and follow directions to link their Bilt and Amazon accounts.

In addition to this offer, the Bilt Collection will have a one-day sale. On March 1st, users can save 50% when redeeming points for items in the Bilt Collection — including some items that are returning to the store for this event. Meanwhile, the monthly “double point” promo will once again be in effect, allowing Bilt cardholders to earn 6x on dining, 4x on select travel purchases, and 2x on all other purchases (excluding rent) made on Rent Day. Customers can also participate in the Point Quest challenge for a chance to earn bonus points.

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These latest Rent Day offerings follow a variety of past first-of-the-month promotions that have managed to span the various aspects of what Bilt offers. For example, in October of last year, Bilt customers were offered a United Airlines status challenge, earning them temporary MileagePlus Premier status with a chance to retain it for a full year if they met additional requirements. Most recently, the app also offered a promotion with Hawaiian Airlines that allowed customers to transfer points to the airlines at double the normal exchange rate (2 HawaiianMiles per Bilt Reward point instead of 1:1).

For Bilt Mastercard cardholders, March’s Rent Day promotion could provide a good opportunity. While the card doesn’t necessarily feature a strong “cash out” option, the 1.05¢ per point that they’ll be able to get on Amazon purchases this Rent Day is the next closest thing. Of course, despite this, most cardholders are likely better off using their points for redemptions with higher value such as the 1.25¢ per point customers can get when using points for travel bookings on the Bilt Travel portal or the varying rates that can be achieved by transfer points to one of Bilt’s several travel partners. Nevertheless, it’s been fascinating seeing what Bilt has brought each Rent Day so far — and, hopefully, that trend will only continue.

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Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded in 2015 to focus on personal finance and the emerging FinTech markets.

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