Editor’s note: TPG founder Brian Kelly is a Bilt advisor and investor.
Bilt is back with its monthly Rent Day deal; this time around, it's extending double points earning to include Black Friday.
Bilt Rewards will offer double points on all purchases (excluding rent) made with a Bilt Mastercard between 12:01 a.m. PT on Nov. 25 and 11:59 p.m. PT on Dec. 1. This means members will earn the following on purchases made during the promotion:
- Dining: 6 points per dollar.
- Travel: 4 points per dollar.
- Other: 2 points per dollar.
This is an excellent way to maximize your Black Friday and Cyber Monday purchases. Also, since cardmembers earn 6 points per dollar on dining, it may be a good time to stock up on gift cards for your favorite restaurants. You can earn up to 50,000 bonus points during this promotion.
Additionally, Bilt will offer a 100% bonus on transfers to IHG One Rewards on Dec. 1. Points regularly transfer at a 1:1 transfer rate, so this promotion doubles the transfer to 1:2. In other words, 10,000 Bilt Rewards points transferred to IHG One Rewards equals 20,000 IHG One Rewards points.
That said, this likely isn't a great deal. TPG values Bilt Rewards points at 1.8 cents per point and IHG One Rewards points at 0.5 cents per point. So, you're still losing value based on our valuations. Regardless, it could be worthwhile if you have a specific high-value redemption in mind or need to top-up your account for an upcoming IHG redemption. Run the numbers and see if the transfer bonus makes sense for your upcoming travels.
Finally, Bilt will offer monthly Ride Together SoulCycle rides on Dec. 1. Book a SoulCycle at one of the 56 participating locations through the Bilt app, and you can bring a companion with you free of charge on Dec. 1.
Related: Should you use the Bilt Mastercard? Why it could be a game changer for renters
Bottom line
This month's Rent Day promotion is extra lucrative, as double points earning will span seven days.
Consider using your Bilt Mastercard for Black Friday and Cyber Monday purchases to get even more from your holiday shopping. Again, TPG values Bilt Rewards points at 1.8 cents apiece, so you're getting a 3.6% return on everyday purchases and a whopping 10.8% back on dining.
