Bilt Card 2.0: Full Breakdown of the New Card Lineup
Bilt recently announced Bilt Card 2.0, expanding from a single credit card into a full lineup of cards at different price points for renters and homeowners. The new Bilt credit cards won’t be available for new cardholder applications until February 7th, but they represent a meaningful shift in how Bilt rewards everyday spending and housing costs.
(If you’re new to Bilt, it’s worth noting that you don’t need a credit card to get started — you can earn Bilt points through the Bilt Rewards program even before the new cards launch.)
Once applications open, the Bilt cards are designed to layer on top of the rewards program by letting everyday spending unlock additional points and value — including the ability to earn points on rent and mortgage payments. Below, I’ll walk through the Bilt Card 2.0 cards, who each one is best for, and how to decide which fits your spending style.
What Changed With Bilt Card 2.0
The biggest shift with Bilt Card 2.0 is that earning points on housing — including mortgages, which are new with this update — is now tied to how much you use the card for everyday spending.
Instead of automatically earning points on rent or mortgage payments, Bilt introduced Bilt Cash. You earn Bilt Cash from everyday purchases, and that Bilt Cash is what unlocks points on rent or mortgage payments without transaction fees.
Bilt also expanded from one card to multiple options designed for different spending styles.
How to earn points on housing
You can still pay rent or a mortgage through Bilt fee-free, but you don’t automatically earn points on the full payment.
Instead, your available Bilt Cash determines how much of your housing payment earns points at 1 point per $1. All three Bilt cards award 4% Bilt Cash on non-housing purchases.
A helpful rule of thumb:
$30 in Bilt Cash unlocks 1x points on $1,000 of rent/mortgage
Another way to say that: you need ~3% of your housing payment in Bilt Cash to earn 1x points on the full amount
So if you don’t have enough Bilt Cash to cover the whole payment, you can still earn points on a portion of it. Want a more detailed breakdown on how to earn Bilt points on Rent and Mortgage?
See this post: How to Earn Points on Rent and Mortgage
The New Bilt Card Lineup
Bilt Blue
Annual fee: $0
The Bilt Blue Card is the no-annual-fee entry point into the Bilt ecosystem and the easiest way to start earning Bilt points on everyday spending and housing costs.
Welcome offer:
Earn $100 in Bilt Cash when you apply and are approved
(Bilt Cash can be used to unlock points on rent or mortgage payments)
Everyday earning:
Earn 1 Bilt point per dollar on everyday purchases
Earn 4% back in Bilt Cash on everyday spending, which is used to unlock points on housing payments
Bilt Obsidian Card
Annual fee: $95
The Bilt Obsidian Card is the mid-tier option in the Bilt Card 2.0 lineup and is designed for people who spend consistently on everyday categories like dining, groceries, and travel.
Welcome offer:
Earn $200 in Bilt Cash when you apply and are approved
(Bilt Cash can be used to unlock points on rent or mortgage payments)
Everyday earning:
Earn 3 Bilt points per dollar on dining or grocery purchases (up to $25,000 per year, category selection applies)
Earn 2 Bilt points per dollar on travel purchases
Earn 1 Bilt point per dollar on all other everyday spending
Earn 4% back in Bilt Cash on everyday spending, which is used to unlock points on housing payments
Travel credit:
$100 annual Bilt Travel portal hotel credit
Issued as two $50 credits, available biannually per calendar year
Valid on eligible hotel bookings made through the Bilt Travel portal
Bilt Palladium Card
Annual fee: $495
The Bilt Palladium Card is the premium option in the Bilt Card 2.0 lineup and is built for higher spenders who want to consistently earn points on housing costs while also receiving meaningful travel perks and credits.
Welcome offer:
Earn 50,000 Bilt points after spending $4,000 on purchases in the first three months
Earn Gold elite status after meeting the welcome offer spend requirement
Earn $300 in Bilt Cash after application approval
(Bilt Cash can be used to unlock points on rent or mortgage payments)
Everyday earning:
Earn unlimited 2 Bilt points per dollar on everyday spending
Earn 4% back in Bilt Cash on everyday purchases, which is used to unlock points on housing payments
Travel credits & perks:
$400 annual Bilt Travel portal hotel credit
Issued as two $200 credits, available biannually
$200 in Bilt Cash annually, deposited each year
Priority Pass membership, providing access to participating airport lounges
How to Choose the Right Bilt Card
Here’s the simplest way to decide:
If you want Bilt with no annual fee → Bilt Blue
If you spend a lot on dining/groceries + travel → Bilt Obsidian
If you’re a higher spender and will use the perks/credits → Bilt Palladium
| Feature | Bilt Blue | Bilt Obsidian | Bilt Palladium |
|---|---|---|---|
| Annual Fee | $0 | $95 | $495 |
| Welcome Offer | $100 Bilt Cash | $200 Bilt Cash |
50,000 Bilt points + $300 Bilt Cash + Gold elite status |
| Everyday Earn Rates | 1x points |
3x dining or groceries* 2x travel 1x other |
2x points |
| Bilt Cash on Everyday Spend | 4% Bilt Cash | 4% Bilt Cash | 4% Bilt Cash |
| Points on Rent & Mortgage | Up to 1x* | Up to 1x* | Up to 1x* |
| Travel Credits | — |
$100 hotel credit ($50 twice per year) |
$400 hotel credit ($200 twice per year) + $200 Bilt Cash annually |
| Other Perks | No foreign transaction fees | No foreign transaction fees |
Priority Pass lounge access No foreign transaction fees |
*Points on rent and mortgage payments depend on how much Bilt Cash you’ve earned from everyday spending. Use the calculator below to see how this works with your numbers.
Regardless of which card you choose, earning points on rent/mortgage comes down to one thing: How much Bilt Cash you can realistically earn from everyday spending.
If you want to see your own numbers, use the calculator here:
Spend Needed to Earn 1 Point per Dollar on Housing
Assumes you need ~3% of your housing payment in Bilt Cash to earn points on the full amount, and you earn Bilt Cash at ~4% on everyday card purchases. Always confirm final terms with Bilt.
The Bottom Line
Bilt Card 2.0 can turn rent and mortgage payments into travel rewards — but how much value you get depends on how often you swipe your card. All three cards follow the same rules for earning points on housing; the difference is how quickly you earn Bilt Cash from everyday spending, which determines how much of your housing payment earns points each month.
And those points are genuinely valuable! Bilt points transfer to strong airline and hotel partners, including Hyatt and Alaska Airlines, which means they can stretch far beyond simple cash back when used strategically. If you understand the Bilt Cash math and choose a card that fits how you already spend, earning points on your rent or mortgage can be a very real — and meaningful — way to fund future travel.
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