Bilt Rewards Founder and CEO Ankur Jain joins Wealth! to discuss the company’s partnerships — including Wells Fargo (WFC) and Walgreens (WBA) — and outlook as it seeks to continue helping Americans save money on their daily necessities.
“We’ve got partnerships across housing, across dining, across healthcare. And again, our focus is how do you reward consumers in their neighborhood on their largest expenses? And so we work with the merchants. We work with real estate owners. We work with major banks,” Jain explains.
He points to the ability to pay rent with a Bilt card as a way to not only build credit, but earn points. “We’re the only program that actually rewards you with airline miles and hotel points for paying your rent. And now we are automatically helping people save on these everyday healthcare costs,” he adds.
Jain highlights other initiatives, like a partnership with Douglas Elliman (DOUG) to pay condo fees. In addition, Bilt has partnered with Lyft (LYFT) to give customers additional rewards for every ride.
As Bilt continues to expand, Jain stresses that the focus is on creating a “neighborhood ecosystem”: “You have your airline loyalty program. You’ve got your hotel loyalty program. Everybody should have a neighborhood loyalty program.”
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This post was written by Melanie Riehl
