Cathay Pacific Joins as Bilt Rewards Transfer Partner
Bilt Mastercard

Cathay Pacific Joins as Bilt Rewards Transfer Partner

The Bilt Rewards network just got a little larger. This week, Bilt announced that Cathay Pacific has joined as a transfer partner. As a result, users will now be able to convert their Bilt Rewards points into Asia Miles at a 1:1 rate. Cathay joins a growing list of other travel partners, including American Airlines AAdvantage, Emirates Skywards, KLM-Air France FlyingBlue, World of Hyatt, and IHG Rewards. Alternatively, customers can also redeem earned points toward future rent payments, Bilt Collection items, and more.

Launched nearly one year ago, Bilt Rewards is a program that allows customers to earn points when paying their rent. Currently, these rewards are available to those living at properties that are part of the Bilt Alliance, which includes more than two million rentals across the country. However, Bilt also offers a rewards credit card that not only enables cardholders to earn 1% back on their rent payments but to also use the card for rent regardless of whether their landlord accepts credit cards or is part of the Alliance. The Bilt Mastercard also earns 2x points on travel purchases and 3x points on dining, although the 1x on rent is capped at a total of 50,000 points ($50,000 in spending) per year. Additionally, customers need to make at least five purchases a month with their card in order to earn the 1x on rent rewards.

Commenting on the new partnership with Bilt, Cathay Pacific Airways Director of Customer Lifestyle Paul Smitton said, “Cathay Pacific constantly strives to make global exploration more accessible for travelers. Bilt Rewards makes it easy for renters to earn points and fly around the world just by paying their largest monthly expense.” Smitton continued, “We are excited to be an early transfer partner of Bilt Rewards and look forward to welcoming renters to the skies.”

The addition of Cathay Pacific to Bilt’s transfer partner line-up is just the latest development for the fast-growing platform. In March, the Bilt Mastercard officially became available to all as investor Wells Fargo became the card’s issuer. Prior to that, last fall, Bilt raised a $60 million growth fund round from not only Wells Fargo and Mastercard but also Blackstone, AvalonBay Communities, Douglas Elliman, and Starwood Capital Group among others.

Although the Bilt Mastercard may have seemed like a gimmicky unknown to some when it debuted, the option has only grown more attractive and disruptive since. Plus, with the backing of Wells Fargo, the option has a serious leg-up on offerings from FinTechs and other lesser-known issuers. It’s also worth pointing out that Bilt Reward’s marketing that suggests paying rent can help consumers cover their next vacation is fairly brilliant and is backed up by the number of travel partners it now counts among its ranks. For all of those reasons, the Bilt Mastercard continues to be one of the most intriguing credit cards available today.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...