If you haven’t decided what to do with your Bilt Mastercard®, Bilt has extended the deadline to Feb. 1; the previous cutoff date was Jan. 30.
Now, Feb. 1 is the last day to seamlessly transition from your old card to a new one from the Bilt 2.0 portfolio. While there’s a lot to take in around Bilt’s 2.0 cards, its tiered system for earning points on rent or mortgage payments and its new rewards currency, don’t worry — you don’t have to have it all figured out just yet.
Let’s take a look at the key decisions to make by tomorrow and what will happen if you don’t take action.
The information for the Bilt Mastercard has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Feb. 1 is the final day to select a new Bilt card
Per Bilt’s website, existing Bilt cardholders have until Feb. 1 at 11:59 p.m. PST to seamlessly transition their old card to one from Bilt’s slate of three new Bilt 2.0 options issued by Cardless.
That means you’ll have the opportunity to choose a new card without a hard inquiry showing up on your credit report and maintain the same card number. Conveniently, Apple Pay and Google Pay will automatically refresh with your new Bilt Card 2.0 details after you transition, and you’ll also have the opportunity to automatically transfer your balance from your old card to your new one.
You can choose your new card by going to bilt.com/card or through the Bilt app.
If you don’t make a selection by Feb. 1, your Wells Fargo-backed Bilt Mastercard will be automatically converted to the Wells Fargo Autograph® Card (see rates and fees). The Autograph Card has no annual fee, but it will not include a welcome bonus for converted cardholders.
You can also choose to close your Bilt/Wells Fargo account and opt not to transition to a Bilt Card 2.0, ending your Bilt card membership altogether. If you take this route, you’ll still be able to keep your existing points and use the Bilt Rewards ecosystem, even if you don’t have a Bilt card.
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You will be able to use your Bilt Card 2.0 or converted Autograph Card starting Feb. 7.
Related: Current Bilt cardholders: Key dates and deadlines as Bilt transitions to new card options
Which card should you pick?
Bilt introduced three new options for cardholders:
While all these cards have the ability to earn points on rent or mortgage, how many you earn depends on how much you spend and which of the two options (Bilt Cash* or the tiered system) you select for structuring your housing rewards each month.
The good news is, with the Bilt 2.0 cards not activating until Feb. 7, you don’t need to make that choice just yet — and even once you do, you can go back and forth between the two options each month.
Of course, if you’re still feeling overwhelmed when the time comes, you can also choose not to use your Bilt card on rent or mortgage payments for now and still get tons of value from whichever card you select. TPG values Bilt Rewards Points at 2.2 cents per point per our January 2026 valuations — higher than any other loyalty currency. Whether you’re earning 2 points per dollar spent on everyday expenses with the Palladium, 3 points per dollar spent on groceries with the Obsidian (up to $25,000 spent each year, then 1 point per dollar) or even just 1 point per dollar spent on purchases with the Blue, you’re earning points that transfer to a huge list of top-tier airline and hotel partners, including Alaska Airlines Atmos Rewards and World of Hyatt.
*Up to $100 of Bilt Cash earned rolls over to the next year.
Related: Should you pay your rent with Bilt? We crunch the numbers
Should you keep your Wells Fargo account open?
Whether or not you decide to transition to Bilt 2.0, if you want to, you can keep your Wells Fargo account open and receive a Wells Fargo Autograph Card with the same rates and fees as your current Wells Fargo Bilt Mastercard.
While you won’t have the opportunity to earn a welcome offer on the Autograph, going this route will get you access to the winner of the TPG award for No-Annual-Fee Credit Card of the Year without adding a hard inquiry on your credit report.
Personally, I’m planning to keep my account open. The Autograph has access to a short but useful list of transfer partners, including British Airways Club, Air France-KLM Flying Blue and Virgin Atlantic Flying Club. Plus, there’s no minimum transfer amount, meaning you can make transfers as small as 1 point — a great feature for topping off your balance when you’re just shy of what you’ll need to book a specific award.
To learn more about the Wells Fargo Autograph, check out our full review.
Bottom line
If you want to ensure a smooth and interruption-free transition to Bilt 2.0, you’ll need to choose between the three new card options by Feb. 1. Whether or not you have your housing payment strategy figured out, keeping a Bilt card in your wallet solidifies easy access to the most valuable points out there.
