TPG founder Brian Kelly is a Bilt advisor and investor.
The Bilt information retains rolling in. After introducing the flexibility to pay rent with more credit cards and redeem Bilt Factors for student loans, the Bilt Rewards program has revealed that Southwest Rapid Rewards will probably be its latest switch associate.
Bilt at present companions with 18 different airline and lodge packages, together with Alaska Airlines Mileage Plan, United MileagePlus and World of Hyatt.
Maintain studying to seek out out extra about Bilt’s nineteenth switch associate.
Associated: Bilt members can now use points to pay for Lyft rides
Transferring Bilt factors to Southwest
As of at this time, you’ll be able to switch Bilt factors to Fast Rewards at a 1:1 ratio. Meaning 1,000 Bilt factors offers you 1,000 Fast Rewards factors that you could redeem for Southwest Airlines flights and more.
Bilt generally provides transfer bonuses as a part of Rent Day promotions to have a good time a brand new switch associate. Maintain a watch out for these promotions; you could possibly rating some further Southwest Fast Rewards factors while you switch Bilt factors for the primary time.
This partnership is sweet information for Fast Rewards lovers, as this system at present solely has one bank card switch associate: Chase Ultimate Rewards. Bilt’s new partnership will give Southwest flyers one other technique to enhance their Fast Rewards factors steadiness and redeem free flights — particularly for the reason that Bilt Mastercard® (see rates and fees) means that you can earn transferable Bilt factors on rent payments, home purchases and extra. (You will need to use the cardboard a minimum of 5 occasions every assertion interval to earn factors; see rewards and benefits.)
Nonetheless, not like most of Bilt’s switch companions, transfers to Southwest will not course of instantaneously. As a substitute, this system makes use of a twice-daily batch course of, with one batch of transfers within the morning and one within the night. In response to a press launch, “Bilt will probably be working towards a real-time level switch resolution within the close to future.”
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For now, it feels like you need to solely have to attend a couple of hours in your factors to switch, however maintain this in thoughts when planning your redemptions.
Associated: How long do Bilt Rewards points take to transfer?
Do you have to switch Bilt factors to Southwest?
Final month, Southwest started implementing variable pricing for award tickets, which means you’ll be able to doubtlessly get stable worth out of your award redemption — or not.
For instance, many Southwest flights to Hawaii price extra factors than earlier than. This one from Los Angeles to Honolulu is priced at $249 or 21,500 factors for a Wanna Get Away ticket. That comes out to roughly 1.2 cents per level, which is under TPG’s April 2025 Fast Rewards valuation of 1.4 cents per level.
Alternatively, you will get a way more enticing 1.6 cents per level by redeeming 7,000 factors for this $115 flight from Los Angeles to Phoenix.
Should you discover a good-value redemption like this, transferring Bilt factors to Southwest could make sense. If the flight you need presents a poor redemption worth, chances are you’ll be higher off paying with money and earning Rapid Rewards points on the acquisition. Moreover, bear in mind that you’ll now earn fewer points on Wanna Get Away and Wanna Get Away Plus fares, because the airline diminished the incomes charges final month with out discover.
General, word that you’ll in all probability lose some worth in the event you switch your rewards to Southwest, as TPG values Bilt factors at 2.05 cents apiece, per our April 2025 estimations. Subsequently, chances are you’ll not get outsize worth by transferring your factors to Southwest. However, if you wish to skip paying the money price in your subsequent trip to Hawaii, transferring your factors to e book an award flight could make sense.
Associated: Bilt’s new payment platform paves way for new reward categories
Backside line
Not all of the Southwest changes are for the more severe. The airline is about to debut its extra-legroom seats subsequent month, and it plans to develop its partnership with Icelandair to permit members to earn and redeem Fast Rewards factors on Icelandair flights.
When these adjustments go reside, Bilt members can have some thrilling new methods to redeem their factors through Southwest.
For charges and charges of the Bilt Mastercard, click on here.
For rewards and advantages of the Bilt Mastercard, click on here.