Bilt 2.0 represents a comprehensive overhaul of the rewards platform, shifting away from its partnership with Wells Fargo toward a new ecosystem powered by Cardless and Column N.A. Starting in February 2026, the program moves from a simple rent-focused card to a tiered family of credit cards: Bilt Blue, Bilt Obsidian, and Bilt Palladium.

The most significant change is the introduction of a dual-currency system. Cardholders now earn 4 percent back in Bilt Cash on everyday purchases in addition to standard Bilt Points. This Bilt Cash is used to unlock rewards on housing payments. While Bilt has expanded its rewards to include both rent and mortgage payments for the first time, these points are no longer automatic. Users must either pay a 3 percent transaction fee to earn points or use their accumulated Bilt Cash to waive that fee. The current ratio requires 30 dollars in Bilt Cash to unlock 1,000 points, meaning a user needs to spend roughly 75 percent of their housing cost on other items to earn full points without an out-of-pocket fee.

Another critical update involves how housing payments are processed. In Bilt 2.0, rent and mortgage payments are pulled directly from a linked bank account via ACH rather than being charged against the card’s credit line. This prevents large payments from affecting credit utilization, but it also ends the ability for users to float their housing costs for a month. According to the sources, this change effectively makes the old BiltProtect feature mandatory for all housing transactions.

The card lineup is designed to suit different spending profiles. The Bilt Blue card remains a no-annual-fee option and offers a 100 dollar Bilt Cash welcome bonus. The Bilt Obsidian, at 95 dollars per year, allows users to choose 3x points on either dining or groceries (up to a 25,000 dollar annual cap for groceries) and includes a 100 dollar annual hotel credit. The top-tier Bilt Palladium card, with a 495 dollar annual fee, offers 2x points on all everyday spend, a 400 dollar annual hotel credit, 200 dollars in annual Bilt Cash, and Priority Pass lounge access. All three cards feature a 10 percent introductory APR for the first year.

Existing Wells Fargo Bilt cardholders must decide their path by January 30, 2026. Those who choose to transition to a new Bilt 2.0 card can do so without a hard credit inquiry and will retain their existing card number, ensuring that digital wallets and subscriptions continue to function without interruption. Users who do not opt-in will see their Wells Fargo account automatically convert into a Wells Fargo Autograph card.

While Bilt 2.0 offers new opportunities for homeowners and high-spending users, it significantly increases the complexity of the rewards program. The sources indicate that Bilt Cash has an annual expiration policy, with only 100 dollars rolling over for Blue and Obsidian members, and 300 dollars for Palladium members. This new structure rewards "daily driver" users who consolidate their spending on the card, moving away from the previous model where the card could be used exclusively for rent. For those who can maintain a high spend-to-rent ratio, the cards remain competitive, but for low spenders, the ability to earn points on housing is effectively restricted.

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