Bilt Rewards, supported by Wells Fargo, has expanded its services by enabling members to use their points for student loan payments. With the average student borrowing nearly $32,000 for public university, this feature directly addresses a significant financial burden. Members can redeem points through the mobile app, yielding $10 for every 1,000 points. Bilt differentiates itself by not charging fees on rent transactions and providing one-to-one points on rent payments, aiming to alleviate financial pressures for renters and borrowers alike.
"By enabling members to redeem Bilt Points toward student loan payments, we're addressing a critical financial need while continuing to differentiate our program as offering the most valuable and flexible points currency in the industry."
"While other credit cards charge high fees for rent transactions, Bilt does not. Bilt also has no annual fee and offers one-to-one points on rent payments."
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