TPG founder Brian Kelly is a Bilt advisor and investor.
The Bilt information retains rolling in. After introducing the flexibility to pay lease with extra bank cards and redeem Bilt Factors for scholar loans, the Bilt Rewards program has revealed that Southwest Speedy Rewards might be its latest switch accomplice.
Bilt presently companions with 18 different airline and lodge packages, together with Alaska Airways Mileage Plan, United MileagePlus and World of Hyatt.
Hold studying to search out out extra about Bilt’s nineteenth switch accomplice.
Associated: Bilt members can now use factors to pay for Lyft rides
Transferring Bilt factors to Southwest
As of as we speak, you may switch Bilt factors to Speedy Rewards at a 1:1 ratio. Meaning 1,000 Bilt factors provides you with 1,000 Speedy Rewards factors that you would be able to redeem for Southwest Airways flights and extra.
Bilt generally provides switch bonuses as a part of Lease Day promotions to have fun a brand new switch accomplice. Hold an eye fixed out for these promotions; you might be able to rating some additional Southwest Speedy Rewards factors whenever you switch Bilt factors for the primary time.
This partnership is sweet information for Speedy Rewards fans, as this system presently solely has one bank card switch accomplice: Chase Final Rewards. Bilt’s new partnership will give Southwest flyers one other technique to increase their Speedy Rewards factors stability and redeem free flights — particularly for the reason that Bilt Mastercard® (see charges and charges) permits you to earn transferable Bilt factors on lease funds, residence purchases and extra. (You have to use the cardboard not less than 5 instances every assertion interval to earn factors; see rewards and advantages.)
Nonetheless, not like most of Bilt’s switch companions, transfers to Southwest will not course of instantaneously. As an alternative, this system makes use of a twice-daily batch course of, with one batch of transfers within the morning and one within the night. Based on a press launch, “Bilt might be working towards a real-time level switch resolution within the close to future.”
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For now, it feels like you must solely have to attend a number of hours to your factors to switch, however maintain this in thoughts when planning your redemptions.
Associated: How lengthy do Bilt Rewards factors take to switch?
Do you have to switch Bilt factors to Southwest?
Final month, Southwest started implementing variable pricing for award tickets, that means you may probably get stable worth out of your award redemption — or not.
For instance, many Southwest flights to Hawaii value 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 beneath TPG’s April 2025 Speedy Rewards valuation of 1.4 cents per level.
However, you may get a way more enticing 1.6 cents per level by redeeming 7,000 factors for this $115 flight from Los Angeles to Phoenix.
In the event 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, it’s possible you’ll be higher off paying with money and incomes Speedy Rewards factors on the acquisition. Moreover, bear in mind that you’re going to now earn fewer factors on Wanna Get Away and Wanna Get Away Plus fares, because the airline decreased the incomes charges final month with out discover.
Total, notice that you’ll most likely lose some worth for those who switch your rewards to Southwest, as TPG values Bilt factors at 2.05 cents apiece, per our April 2025 estimations. Due to this fact, it’s possible you’ll not get outsize worth by transferring your factors to Southwest. However, if you wish to skip paying the money value in your subsequent trip to Hawaii, transferring your factors to e book an award flight could make sense.
Associated: Bilt’s new cost platform paves manner for brand new reward classes
Backside line
When these modifications go dwell, Bilt members may have some thrilling new methods to redeem their factors by way of Southwest.
For charges and charges of the Bilt Mastercard, click on right here.
For rewards and advantages of the Bilt Mastercard, click on right here.
