Bilt Card 2.0 rumors: Is it good or dangerous for rewards members?

If the primary week of 2026 is an indicator, this yr is shaping as much as be an thrilling and undoubtedly not-at-all boring experience in relation to the realm of bank card rewards, loyalty applications and how one can maximize them.

Since final yr, Bilt Rewards has teased three upcoming card additions to its portfolio and, most notably, confirmed that cardholders can use the Bilt Card 2.0 to earn Bilt Factors on eligible mortgage funds.

Except for that, particulars surrounding the particular advantages (and even the names of the brand new playing cards) have been scarce … effectively, till rumors leaked on every of the three playing cards.

Whereas TPG doesn’t usually dive into Reddit-fueled rumor mills, as somebody who hopes to make this the yr I totally immerse myself within the Bilt Rewards ecosystem to start out maximizing on my greatest life expense, my mortgage, I couldn’t resist taking a peek.

On the Bilt Rewards Reddit thread, some rumored particulars have trickled out in regards to the new Bilt playing cards, together with incomes bonus constructions, welcome provides and card advantages.

What we all know for certain in regards to the Bilt 2.0 playing cards

Earlier than we dive into the rumors, there may be some info that Bilt Rewards has confirmed, together with:

• There will probably be three new Bilt bank cards that will probably be issued by Cardless as an alternative of Wells Fargo (the Bilt Mastercard® issuer).
• The playing cards may have the next annual charge worth factors: a no-annual-fee card, a $95 per yr card and a $495 per yr card.
• The playing cards will earn factors on eligible residential mortgage funds along with lease, which has been part of this system since its inception.
• Particulars across the three new playing cards will probably be revealed Jan. 14, as will the preorder course of for the playing cards for current Bilt cardholders.
• Current Bilt cardmembers who choose into one of many new playing cards will preserve the identical card quantity, not expertise a tough credit score pull and have the brand new card in hand by Feb. 6.
• Those that preserve (and do not preorder or shut) their unique Bilt Mastercard will probably be transformed right into a Wells Fargo Autograph® Card (see charges and costs).
• The Bilt 2.0 playing cards will develop into obtainable for brand spanking new candidates Feb. 7.

So, with only a week off from having all the main points, somewhat rumor indulging could be enjoyable each once in a while, so let’s now flip to that aspect of the equation.

The knowledge for the Bilt Mastercard has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

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What’s rumored to be true in regards to the Bilt 2.0 playing cards

If the Reddit rumors are true, the three Bilt 2.0 playing cards may look one thing like this:

Bilt Blue Card

• $0 annual charge
• Welcome bonus: $100 Bilt Money
• Incomes construction: 1 level per greenback spent on lease, mortgage and on a regular basis spending
• 4% Bilt Money awarded on on a regular basis spending; you should utilize Bilt Money to waive lease and mortgage cost transaction charges
• No international transaction charges

Bilt Obsidian Card

• $95 annual charge
• Welcome bonus: $200 Bilt Money
• Incomes construction: 3 factors per greenback spent on eating or groceries (as much as $25,000 per yr), 2 factors per greenback spent on journey and 1 level per greenback spent on lease, mortgage and on a regular basis spending
• 4% Bilt Money awarded on on a regular basis spending; you should utilize Bilt Money to waive lease and mortgage cost transaction charges
• $100 annual Bilt Journey resort credit score ($50 obtainable biannually)
• Cellphone safety

Bilt Palladium Card

• $495 annual charge
• Welcome bonus: 50,000 Bilt factors plus Gold elite standing after spending $4,000 on purchases within the first three months; $300 in Bilt Money
• Incomes construction: 2 factors per greenback spent on on a regular basis spending and 1 level per greenback spent on lease and mortgage funds.
• 4% Bilt Money awarded on on a regular basis spending; you should utilize the Bilt Money to waive lease and mortgage cost transaction charges
• $400 in annual Bilt Journey resort credit score ($200 obtainable biannually)
• $200 in Bilt Money awarded yearly
• Precedence Go membership

The knowledge for the Bilt Blue, the Bilt Obsidian and the Bilt Palladium has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

In response to the Reddit thread, there are a number of variations of the rumored playing cards, all sourced, it seems, from a code on Bilt’s web site. Nonetheless, the main points above are the primary variations shared within the thread.

If these card particulars are largely true, they indicate that every one three card tiers will award 4% Bilt Money on on a regular basis purchases (plus some further Bilt Money bonuses) and that you can be paying transaction charges with all three playing cards when making housing funds, which could be offset with that Bilt Money.

Associated: Do you have to pay your lease with Bilt? We crunch the numbers

My ideas on the worth of the Bilt 2.0 playing cards (if the rumors are true)

Primarily based on the thread of Reddit feedback, plus realizing how many individuals cherished the fee-free lease transactions on the previous Bilt card, I am betting that if these rumors are grounded in reality, this will probably be met, not less than initially, with some pearl-clutching and even flat-out disappointment in relation to housing funds not being as simply fee-free as they had been earlier than.

Given the economics of this, I had already assumed that the worth proposition can be altering in a Bilt Card 2.0 world, so I’m not personally within the camp of disappointment. That stated, I had hoped that on the higher-tier card degree, there can be some degree of fee-free housing funds included — however we’ll come again to that.

Should you used your Bilt Mastercard to pay your month-to-month lease, making not less than 5 transactions monthly and presumably incomes as much as 100,000 Bilt factors on lease per yr, these rumors in all probability aren’t nice information.

However personally, as somebody able to go fairly all-in on Bilt, I’ve a unique perspective.

I need to earn a number of Bilt Rewards factors. That is as a result of they’re probably the most precious rewards foreign money on the market, they usually switch to applications I am personally low-key obsessive about. This contains World of Hyatt and Alaska Airways Atmos Rewards, simply to call a pair. I need to earn Bilt factors on extra than simply my month-to-month mortgage cost and thus do not view “having” to make use of the cardboard extra to get fee-free housing funds as an inherently horrible factor.

That is very true as a result of if the rumors about incomes 2 factors per greenback spent on all the things with the premium-tier card are true, then that is fairly phenomenal since TPG values Bilt factors at 2.2 cents apiece per our January 2026 valuations. That is a 4.4% return on spending earlier than you issue within the 4% Bilt Money earned on on a regular basis spending, which will help offset the housing cost transaction charges.

To place it one other means, if I take advantage of my Bilt card every month to pay for $3,000 price of on a regular basis bills that I am largely not getting bonus earnings for at the moment anyway, equivalent to child dance and gymnastics lessons, physician’s appointments, veterinary payments and insurance coverage, with the Palladium Card charges, I might earn doubtlessly earn 6,000 Bilt factors monthly on these fees at 2 factors per greenback spent.

Presuming that now earns me sufficient Bilt Money to offset charges on making my $3,000-ish month-to-month mortgage cost every month with the cardboard, that is one other 3,000 factors earned that I am not incomes in any respect proper now, as the cardboard will reportedly earn 1 level per greenback spent on eligible mortgages.

So, this might doubtlessly be 9,000 factors monthly earned on $3,000 in spending, not factoring within the Bilt Money, which presumably makes the mortgage cost charges “free.” You would name that 3 factors per greenback in spending when you wished to and not likely be unsuitable.

Sure, there is a $495 annual charge on the higher-tier card, however I am not anxious about that in any respect the primary yr with the rumored welcome bonus and sure will not be too anxious past that as a result of alleged resort assertion credit and Bilt Money the cardboard comes with, assuming the principles to make use of these aren’t too restrictive. In any case, that is a future drawback, and I may at all times resolve to go together with the mid-tier card if I wasn’t popping out on high, although I believe I’ll.

Backside line

Whereas a lot of this Bilt Card 2.0 info stays speculative, it appears logical sufficient to investigate nonetheless.

Bilt Rewards provides probably the most precious factors on the market proper now, and it’s also probably the most revolutionary loyalty program in my opinion in relation to journey bookings, switch bonuses and one-of-a-kind choices like Lease Day. I’ve lived on the fringes of Bilt for years, ready for the day that mortgage funds give me a cause to dive in. And even when it seems that I’ve to earn some Bilt Money to make these funds “free,” I am nonetheless very a lot a participant.

However keep tuned, as we must always have all of the intel in only one extra week.