Bilt Rewards has just teamed up with Douglas Elliman Property Management, allowing Bilt members to earn points for their condo & coop payments, expanding Bilt's value proposition beyond rent itself. This new partnership is a game-changer because Douglas Elliman isn't just any property management company—they're one of the biggest players in NYC, managing a whopping 40,000 units across nearly 400 buildings.
Earn Points When Renting Or Paying Condo/Coop Fees At Douglas Elliman Properties
With this partnership, if you're living in one of the Douglas Elliman-managed buildings, you can now pay your monthly fees through Bilt and rack up some sweet rewards. In the past, you would have only been able to earn points on your rent payments, but now you can earn on your condo & coop fees, which is marked expansion/increase in value for Bilt members.
This marks a significant expansion for the Bilt Rewards Alliance, which was established in collaboration with leading residential real estate companies and currently spans over four million homes nationwide. The integration will make it significantly easier for users to earn more Bilt points while getting more out of their money.
So, What's the Catch?
No catch, really, except this makes being a Douglas Elliman resident significantly more appealing. Bilt has already been known for enabling users to earn points on their rent payments and is now the first to enter the foray of condo and coop payments. This venture is incredible unique in the world of property management.
How Do We Feel About This?
For those currently paying coop/condo fees at Douglas Elliman properties, this is an exciting value add. However, even if you don't live in one of these units, I still think this is extremely exciting news because it is setting the pathway for more things in the future to come.
With Douglas Elliman enabling Bilt members to earn on home-ownership related expenses now, this has exciting potential to translate into earning on mortgage payments in the near future. We'll see how things transform throughout the next few months to see if Bilt can enable folks to earn on their mortgage payments next.
What Do We Think Of The Bilt Card?
The Bilt card is an innovative game-changer in the credit card arena, particularly for renters who could never before earn rewards on their largest monthly expenditure—rent. With no annual fee and strong earning potential (cardholders must place 5 transactions per billing cycle to earn points), this card is definitely worth considering in detail.
Conclusions
This partnership between Bilt Rewards and Douglas Elliman is setting a new standard for what type of expenses you can expect to earn points on. If you’re a resident in one of these buildings, or if you’ve been thinking about where to move, this might just tip the scales. And for the others, it's worth keeping an eye on how Bilt will change the game.
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