Jun 22, 2026minorimprovement
I Prefer Hotel Rewards added as 1:2 transfer partner
no transfer option (23 partners) → 1:2 (24 partners)
← Back to the Devaluation Tracker
Bilt Devaluations: The Complete Record
Every documented Bilt points devaluation — dated, sourced, and graded. Updated automatically.
Bilt has made 5 documented changes in the trailing 24 months, most recently Jun 22, 2026. Current risk grade: Elevated.
Cadence: 2 documented devaluations since 2026, averaging 2.7 months apart. (Improvements not counted.)
Questions
How many times has Bilt devalued?
2 documented devaluations on our documented record since 2026. Improvements are tracked separately and never netted in.
When did Bilt last devalue?
May 1, 2026 on our documented record: Rent Day transfer bonuses capped at 100,000 points transferred.
What was Bilt's biggest devaluation?
Rent earning restructured; full points on housing now require matching card spend (February 7, 2026) — rated moderate on our documented record.
Transfer partner changes.
Only the transfer-ratio and partner changes — the “is my bank cutting partners” question at a glance.
The complete record.
Jun 22, 2026minorimprovement
I Prefer Hotel Rewards added as 1:2 transfer partner
no transfer option (23 partners) → 1:2 (24 partners)
May 1, 2026minorbenefit removed
Rent Day transfer bonuses capped at 100,000 points transferred
bonus on unlimited points transferred → bonus on first 100,000 points transferred
Feb 7, 2026moderateearning cut
Rent earning restructured; full points on housing now require matching card spend
1x on rent (with 5 card transactions/month) → 250 points/month base, up to 1.25x with qualifying card spend
Oct 7, 2025moderateimprovement
Etihad Guest added as 1:1 transfer partner
No partner → 1:1 permanent partner
Apr 24, 2025minorimprovement
Southwest Rapid Rewards added as 1:1 transfer partner
No partner → 1:1 permanent partner