Bilt Rewards: Earning Rewards on Everyday Expenses and Rent

Bilt Rewards Program Overview

• 💡 Bilt Rewards aims to reward customers on their biggest expense: rent.
• 🎯 Currently, one in four apartment buildings in the US use Bilt to collect rental payments and reward users.
• 🔑 The program offers flexible rewards, including United Airlines miles, Alaska Airlines miles, High Points, and Hilton points.

Expanding Reward Flexibility

• 🚀 Bilt has recently expanded its reward redemption options.
• 🛍️ Users can now use their points to shop on Amazon.com.
• 🚗 Points can also be used to cover Lyft rides for free directly within the Lyft app.

Bilt's Acquisition of Banyan and Healthcare Benefits

• 🏥 Bilt has acquired Banyan to scale its automatic FSA/HSA savings program.
• 💊 This program automatically files eligible healthcare expenses (like sunscreen and prescriptions) for reimbursement when shopping at partner pharmacies.
• 🛒 The acquisition will allow Bilt to expand this automatic healthcare savings program to more neighborhood merchants, including grocery stores and convenience stores.

Data Privacy and Customer Consent

• 🔒 Data privacy and security are paramount, with a focus on customer consent.
• ✅ Users can choose whether to link their healthcare accounts and use the automatic filing benefit.
• 💬 The goal is to provide customers with more benefits and rewards in their neighborhood on everyday expenses.

Insights into the Rental and Housing Market

• 📈 Despite some reports, rent prices in cities like New York remain at record highs.
• 🏠 High interest rates (above 6.5%) continue to make purchasing a home challenging, leading to continued demand in the rental market.
• 🔑 There is still a shortage of housing, contributing to high rental prices and a lack of significant movement in purchasing.
• 📊 Bilt Rewards members are looking for flexibility, and the platform allows points to be used towards mortgage down payments.