TPG founder Brian Kelly is a Bilt advisor and investor.
The Bilt information retains rolling in. After introducing the power to pay hire with extra bank cards and redeem Bilt Factors for scholar loans, the Bilt Rewards program has revealed that Southwest Fast Rewards can be its latest switch accomplice.
Bilt presently companions with 18 different airline and resort packages, together with Alaska Airways Mileage Plan, United MileagePlus and World of Hyatt.
Hold studying to seek 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 right now, you possibly can switch Bilt factors to Fast Rewards at a 1:1 ratio. Meaning 1,000 Bilt factors offers you 1,000 Fast Rewards factors you can redeem for Southwest Airways flights and extra.
Bilt typically presents switch bonuses as a part of Lease Day promotions to have a good time a brand new switch accomplice. Hold an eye fixed out for these promotions; you might be able to rating some further Southwest Fast Rewards factors once you switch Bilt factors for the primary time.
This partnership is nice information for Fast 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 Fast Rewards factors stability and redeem free flights — particularly for the reason that Bilt Mastercard® (see charges and costs) lets you earn transferable Bilt factors on hire funds, dwelling purchases and extra. (You should use the cardboard a minimum of 5 occasions every assertion interval to earn factors; see rewards and advantages.)
Nonetheless, in contrast to 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 can be working towards a real-time level switch resolution within the close to future.”
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For now, it appears like you must solely have to attend just a few hours on your factors to switch, however hold 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, which means you possibly can probably 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 beneath 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.
If you happen to 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, you could be higher off paying with money and incomes Fast Rewards factors on the acquisition. Moreover, remember 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.
General, notice that you’ll in all probability 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, you could 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 might make sense.
Associated: Bilt’s new fee platform paves manner for brand new reward classes
Backside line
When these adjustments go stay, Bilt members may have some thrilling new methods to redeem their factors by way of Southwest.
For charges and costs of the Bilt Mastercard, click on right here.
For rewards and advantages of the Bilt Mastercard, click on right here.
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