woman relaxing in a car

Bilt Mastercard Customers Can Now Earn Up to 5x on Lyft Rides

It feels as though, every few weeks, I find myself writing about Bilt again. In my defense, that’s simply because the company continues to do interesting things. That brings us to this week when it was announced that Bilt and Lyft had entered into a partnership that will now see Bilt Rewards Mastercard customers earn up to 5x points on Lyft rides. Pretty cool, right? well, as I dove into how this offer worked, I found that it’s actually more complicated than you might imagine.

Before I get into the complicating factors, let me explain the basics of this deal. First, Bilt Rewards customers can now link their Bilt account to Lyft and earn 2x points on rides. To be clear, this includes regular Bilt Rewards customers even if they don’t have the Bilt Mastercard. On top of that, though, Bilt Mastercard members can earn an additional 3x when they also pay using their card, giving them a total of 5x on rides.

Lyft and Bilt Rewards Active screen

Now that you know the setup, let’s talk about the downside first. The loyalty link structure — as in how members earn the 2x points — means that riders will need to choose between earning Bilt points and other options such as Delta SkyMiles, Hilton Honors points, and Hawaiian Mileage Plan. This is because, in 2021, Lyft made it so you can only choose one loyalty program at a time. So, you’ll need to choose wisely based on how you value these different currencies and which you need in the moment.

On the other hand, the structure of this offer does also offer some interesting upsides. Looking at the terms, it turns out that you don’t need to link your Bilt and Lyft accounts in order to earn the 3x portion of this benefit. This means that, if you prefer, you could continue to earn either Delta, Hilton, or Hawaiian miles as your loyalty option and earn Bilt rewards as well. Also interesting is that, while Lyft purchases will count toward the five transaction minimum cardholders need to hit in order to earn points each month, they are exempt from this rule — meaning that you’ll still get your Bilt point from Lyft purchases regardless.

On the other end of things, since you get 2x Bilt Rewards points on Lyft purchases by linking accounts, you could theoretically also forgo the 3x portion that comes by using your Bilt Mastercard if you wanted. Why would you do that? Well, through March 2024, select Chase cards including my Sapphire Preferred earn 5x or more on Lyft purchases — and, unlike the Bilt deal, these points are purely contingent on paying with the card, with no loyalty link element.

Therefore, in theory, I could now earn 2x Bilt points plus 5x Chase Ulitmate Rewards points by linking Bilt and paying with my Sapphire Preferred for Lyft rides. If you’re counting, that’s a total of 7x back from my purchases, which is pretty strong. Even better, if you have the ultra-popular Chase Sapphire Reserve, that card currently earns 10x on Lyft rides and you could seemingly top that off with 2x Bilt points.

With all of that said, while it’s pretty cool that there are some seeming “hacks” to be found here… there’s no way that I’ll be taking Lyfts nearly enough to really benefit much from this. Don’t get me wrong — I’m always glad to see a new perk pop up and love the chance to double dip — but, all things considered, I won’t be seeing much of a return from this offer no matter how I configure it (unless my lifestyle takes a drastic change that somehow requires a lot more ridesharing). Of course, there are plenty of people who do regularly take Lyft and could definitely make the most of this new Bilt benefit and other offers. So, in their cases, I hope that they can find the loyalty and credit card mix-and-max option for them.

Author

Kyle Burbank

Kyle is a freelance writer and author whose first book, "The E-Ticket Life" is now available on Amazon. In addition to his weekly "Money at 30" column on Dyer News, he is also the editorial director and a writer for the Disney fan site LaughingPlace.com and the founder of Money@30.com.

Other Articles by Kyle Burbank

collage of Discover It Q2 2024 bonus categories

Here's What Discover It Customers Can Earn 5% Back on in Q2

It's March 1st, and you know what that means: time for Discover to announce its second quarter bonus categories! Oh, that wasn't what you were thinking? Well, then. Regardless, continuing a tradition they began last year (prior to that, they'd just announced the full quarterly calendar before the new year),...
grey Moderne Gentlemen Travel Duffle Bag

Travel Tuesday: Moderne Gentleman Travel Duffle Bag Review

As someone who not only travels with some frequency but also enjoys reviewing products, I'm always on the lookout for interesting travel accessories and the like. That's why I was excited when I found the clever Halfday garment duffle a few months ago. Well, after seeing that review, the people...
SiriusXM logo

Another Bill "Negotiation" Win! Cutting Our Sirius XM Fee

Earlier this month, I shared the story of how I managed to instantly save money on my Adobe Creative Cloud subscription. Basically, by going through the steps to cancel, I was presented with a deal that I could live with. Well, just today, I had a similar experience with another...

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get Posts in Your Inbox
Featured Articles
collage of Discover It Q2 2024 bonus categories

Here's What Discover It Customers Can Earn 5% Back on in Q2

It's March 1st, and you know what that means: time for Discover to announce its second quarter bonus categories! Oh, that wasn't what you were thinking? Well, then. Regardless, continuing a tradition they began last year (prior to that, they'd just announced the full quarterly calendar before the new year),...
grey Moderne Gentlemen Travel Duffle Bag

Travel Tuesday: Moderne Gentleman Travel Duffle Bag Review

As someone who not only travels with some frequency but also enjoys reviewing products, I'm always on the lookout for interesting travel accessories and the like. That's why I was excited when I found the clever Halfday garment duffle a few months ago. Well, after seeing that review, the people...
SiriusXM logo

Another Bill "Negotiation" Win! Cutting Our Sirius XM Fee

Earlier this month, I shared the story of how I managed to instantly save money on my Adobe Creative Cloud subscription. Basically, by going through the steps to cancel, I was presented with a deal that I could live with. Well, just today, I had a similar experience with another...

Everything You Need to Know About Flying Allegiant Air in 2024

When my wife and I moved to Springfield, Missouri almost a decade ago, one of the selling points (or at least what kept it in the running) was that there was a nearby airport that served a decent number of destinations. Unfortunately, while it is convenient, flying out of such...