A Guide to Earning Bilt Points Through Rakuten: Is it Worth It?

Why Earn Bilt Points Through Rakuten?

Rakuten is one of the most popular online shopping platforms, allowing users to earn cashback or rewards points while they shop. Recently, Rakuten has partnered with Bilt so users can earn Bilt points for their purchases made through the site. This article will help you understand how the program works and the value it offers to users.

How to Earn Bilt Points Through Rakuten

To start earning Bilt points via Rakuten, you'll first need a Rakuten account. If you don’t have one, sign up through a referral link to receive an additional $50 bonus (equivalent to 5,000 Bilt points) after completing qualifying activities. This offer is more enticing than signing up directly through Bilt.

Once you have a Rakuten account, visit the Bilt partnership page on the Rakuten website or app. In the “Rewards” section of the Bilt app, select “Everyday rewards” and then click on “Earn points with Rakuten.”

Next, link your Bilt and Rakuten accounts by clicking the “Create account & link” button. Make sure that the email addresses on both accounts match for a successful link.

Details About Bilt Points

In terms of conversion rates, Bilt Silver, Gold, and Platinum members will receive a 1:1 conversion rate when turning Rakuten cashback into Bilt points. This means that every $10 in Rakuten cashback equals 1,000 Bilt points. Meanwhile, Bilt Blue members will have a 2:1 conversion rate, earning 500 Bilt points for every $10 cashback.

By linking your accounts, you'll find that all rewards earned during each reward cycle are eligible for conversion into Bilt points. A fun fact is that you can retroactively convert Amex Membership Rewards points into Bilt points, increasing the value of the rewards you've already earned.

Payment Schedule with Rakuten

Rakuten pays out rewards on a quarterly basis. Here’s the specific payment schedule:

• Activities from January 1 to March 31: Payment on May 15.
• Activities from April 1 to June 30: Payment on August 15.
• Activities from July 1 to September 30: Payment on November 15.
• Activities from October 1 to December 31: Payment on February 15 of the following year.

Should You Earn Bilt Points Through Rakuten?

I’m a fan of shopping through Rakuten, and previously, I often earned Amex Membership Rewards points. However, with the launch of the Bilt points earning program, I see it as a valuable option to consider. Bilt points are comparable to cash and can open up exciting opportunities with unique transfer partners.

Bilt points can be harder to earn, but maintaining elite status with the Bilt Palladium card can help you secure better conversion rates. If you’re a non-elite member, opting to earn Amex points might still be the better choice in some scenarios.

Useful Information for Vietnamese Travelers

If you are living in Vietnam and want to participate in this program, note that Rakuten currently does not support direct payments in Vietnamese Dong (VND), and you will need to use an international credit card for transactions. Additionally, it's helpful to know that the current exchange rate is approximately 24,000 VND to 1 USD, meaning you'll need about 240,000 VND to earn $10 in cashback from Rakuten.

For those eager to get started, consider using a credit card that offers cashback or rewards points to maximize your benefits while shopping online.

Rakuten truly is an exciting option, especially when you can earn valuable Bilt points through their rewards programs. Give it a try and see if you can optimize your rewards!

Article adapted from source: One Mile at a Time