TORONTO, June 22, 2021 (GLOBE NEWSWIRE) – You can now save by paying your rent on your next vacation thanks to a new partnership between the innovative loyalty program for tenants Bilt Rewards and the world’s leading provider of loyalty business. Points (TSX:PTS) (Nasdaq:PCOM).
Unlike other financial transactions like retail purchases and credit card spending, rent is typically an expense for which consumers cannot receive rewards – although this is often their largest financial obligation each month. With Bilt, renters have the opportunity to earn from these monthly expenses and use their points on a wide range of products and services.
One of the most important ways Bilt Rewards customers can redeem points is to use their points on future travel bookings. Members can easily link their Bilt Rewards loyalty account to that of their preferred airline or hotel partner. Available travel programs include American Airlines AAdvantage®, Air Canada Aeroplan, Emirates Skywards, Air France-KLM Flying Blue, Hawaiian Airlines HawaiianMiles, Virgin Points, and World of Hyatt. Members can then convert their Bilt Rewards points 1: 1 into miles or points from their desired program.
Bilt Rewards is the first ever rewards program for the housing sector and the entire rental market with a volume of $ 500 billion annually. “For the vast majority of Americans, living is the single biggest issue,” says Bilt CEO and founder Ankur Jain. “And to date it was the only major expense that didn’t earn you points. That is thousands and thousands of dollars over the course of a renter’s lifetime that they have never been able to earn back. With the launch of the new Bilt Rewards program, renters can now travel and have their next dream vacation just by paying their rent. “
Rob MacLean, CEO of Points, also welcomed the news: “We are excited to partner with Bilt Rewards and play an important role in this industry’s first loyalty program. Our exchange service offers loyalty programs the ability to add new partners to their award suite quickly and easily; This in turn increases currency utility and value to members. We look forward to expanding our collaboration as we continue to improve the Bilt Rewards program by integrating additional travel loyalty partners. “
The Point Exchange Service gives brands access to nearly 60 of the best-known names in the hospitality and travel industries. Last points enabled exchange integration between the UAE’s leading financial institution, Mashreq, and Emirates Skywards (Emirates and flydubai award winning loyalty program).
For more information on how points can help loyalty programs reach their full potential, see Points.com.
About Points International
Points, (TSX: PTS) (NASDAQ: PCOM) is a trusted partner of the world’s leading loyalty programs using its unique Loyalty Commerce Platform to build, operate and expand a network that enables members to receive and use their preferred loyalty currency. Our platform combines insights, technology and resources to make moving loyalty currencies easier and smarter for nearly 60 rewards programs around the world. Points was founded in 2000 and is headquartered in Toronto with global teams.
For more information, visit Points.com.
About Bilt rewards
Bilt Rewards is the first rewards program that allows tenants to earn points for rent and pave a path to home ownership. Through a launch partnership in June 2021 with the country’s largest real estate owners including AvalonBay Communities, Inc., Blackstone, Camden Property Trust, Cushman & Wakefield, Equity Residential, GID, The Moinian Group, The Related Companies, Starwood Capital Group and more, Bilt Rewards will allow renters in more than two million units across the country to earn points just by paying the rent. Bilt Rewards has one of the most valuable rewards programs in the market today, including a number of one-to-one point transfer partnerships for travel with over 100 major airlines and hotel partners; Fitness classes at the country’s best boutique studios, including SoulCycle, Rumble, and Y7; limited and exclusive collections of art and home decor via the Bilt Collection and the ability to use points for rental credits or for a future deposit. Bilt has also partnered with Mastercard to create the Bilt Mastercard – the first and only credit card that can be used to pay for rentals with no fee. Bilt Rewards is a Cairo Companies. For more information, visit BiltRewards.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7900b87c-8161-49e7-9485-e6d937acc1b1
