Replace 11/16/25: Bilt has clarified that the 6-month promo interval the place everybody will get 1:1 conversion will embrace the Might 15, 2026 payout from Rakuten. The 5/15/26 payout is for portal rewards earned throughout Q1 2026, so mainly in the event you convert to incomes in Bilt you’ll find yourself together with your This fall 2025 cost and Q1 2026 cost. (As of at the moment, Sunday 11/16/25, it appears to be like to me like Rakuten has not but processed the Q3 2025 cost and so possibly you possibly can nonetheless change and get your Q3 2025 cost as Bilt factors as effectively.) Any rewards earned on 4/1/26 by means of 6/30/26 shall be paid out on 8/15/26, and I assume that can not be eligible for the preliminary promo 1:1 fee.
Authentic Submit 11/6/25:
Bilt cardholders and all Bilt Rewards members can now earn rewards in Bilt forex as a substitute of incomes as money or as AmEx Membership Rewards factors. (As we anticipated.)
Current Rakuten clients can convert their accounts to earn in Bilt factors as a substitute of cashback/MR. (Click on the ‘Create and Hyperlink’ choice and enter your present Rakuten electronic mail tackle; the system will then immediate you to transform the account to a Rakuten-Bilt account.)
Bilt Hyperlink | Rakuten Hyperlink
Bilt-Rakuten Conversion Charges
Incomes charges:
- Briefly, for six months, everybody can earn 1:1 conversion fee. For every $10 Rakuten cashback earned you’ll get 1,000 Bilt factors.
- Long term:
- Bilt Members with Blue standing will obtain 50 Bilt Factors for each $1 in Rakuten Money Again.
- Silver, Gold, and Platinum Bilt Members’ fee will stay 100 Bilt Factors for each $1 in Rakuten Money Again.
Our Verdict
Many individuals worth Bilt factors greater than Membership Rewards factors and greater than cashback. That makes the non permanent promo fairly attention-grabbing.
Those that have increased Bilt standing will think about conserving Bilt as their Rakuten factors forex long-term. These with fundamental Blue standing will probably choose Membership Rewards or money.
For most individuals, that is probably only a quickly attention-grabbing deal. However keep in mind, Bilt has a $95 and $495 bank cards popping out; it’s doable these playing cards will get increased standing or that standing {qualifications} will change when the brand new Bilt card particulars come out.
Except for future earnings, your whole pending rewards will receives a commission out as Bilt factors as a substitute of Cashback. For instance, at the moment is November sixth: if in case you have $1,000 in Rakuten cashback set to be paid out on November fifteenth, you possibly can convert your account now to Bilt and it’ll receives a commission out on November fifteenth as 100,000 Bilt factors.
Signup Supply
Notice: in case you are new to Rakuten, would possibly choose signing up with the present $50 referral bonus provide (legitimate by means of 12/31/25) as a substitute of the two,500 factors provide from Bilt. (If – earlier than payout – you change your account to incomes Bilt factors, the $50 would receives a commission out as 5,000 Bilt factors.) I’ll additionally admire in the event you use the referral choice within the linked put up. 🙂