Bilt Partners With Southwest Airlines to Enable Points Transfers

Bilt Rewards has partnered with Southwest Airways to allow Bilt members to show factors earned from housing funds into factors that can be utilized to guide flights.

As of Thursday (April 24), Bilt members can convert their Bilt Factors into Southwest Fast Rewards factors at a 1-to-1 ratio, the businesses mentioned in a Thursday press launch emailed to PYMNTS.

Bilt Factors are earned every time members pay their hire on time via Bilt, based on the discharge.

“Now, your housing fee that was as soon as only a month-to-month expense can unlock journey experiences with one among America’s hottest airways, giving our members entry to extra locations throughout the U.S. and past,” Bilt Founder and CEO Ankur Jain mentioned within the launch.

Bilt and Southwest plan so as to add unique promotions and enhanced capabilities for his or her clients as their new partnership evolves, per the discharge.

Jonathan Clarkson, vp and chief product officer at Southwest Airways, mentioned within the launch that the collaboration “permits Southwest to attach with a novel viewers of renters and owners throughout america whereas providing them the chance to make use of their Bilt Factors to fly Southwest.”

Bilt Factors can now be used towards journey throughout over 100 airways and lodge companions, health lessons at boutique studios, artwork and house decor via the Bilt Dwelling Design Assortment, hire credit, future down funds on a house, or eligible pupil loans, based on the discharge.

The corporate started enabling members to redeem their Bilt Factors towards eligible pupil mortgage funds Wednesday (April 23). Bilt members can redeem their factors on pupil loans with 5 servicers, and the corporate plans so as to add extra servicers within the coming months.

Bilt mentioned in August that the expansion of its loyalty rewards platform has been fueled by increasing its resident loyalty program to extra condo buildings, together with seven of the ten largest multifamily managers, in addition to into the condominium and HOA market.

The corporate was valued at $3.2 billion in an August funding spherical through which it raised $150 million, simply months after being valued at $3.1 billion in a $200 million spherical.