Bilt 2.0 credit cards have officially entered the U.S. market, marking the most significant transformation in the Bilt Rewards program since its launch. The new lineup expands beyond rent-only rewards and introduces a full multi-tier credit card ecosystem designed for renters, homeowners, travelers, and everyday spenders. With new earning structures, updated benefits, and a reimagined rewards currency, this rollout positions Bilt as a serious competitor in the mainstream credit card space.
This in-depth report covers all confirmed details available today, explaining how the new cards work, what makes them different, and why they matter for millions of Americans who pay rent or mortgages each month.
Table of Contents
A Major Evolution of the Bilt Platform
Bilt built its reputation by allowing cardholders to earn rewards on rent payments without transaction fees, something most traditional credit cards do not allow. The 2.0 launch expands that core idea by introducing a full suite of cards that now also support earning rewards on mortgage payments, along with stronger everyday and travel benefits.
Instead of operating as a single product, Bilt now offers a three-card lineup with different annual fees, reward multipliers, and perks. This structure mirrors how major issuers segment their products for entry-level, mid-tier, and premium users, while keeping housing payments at the center of the experience.
The Three Bilt 2.0 Credit Cards
Bilt Blue Card
The Bilt Blue Card carries no annual fee and is designed for everyday users who want simple rewards and the ability to earn points on housing payments.
Key features include:
- No annual fee
- Rewards on rent and mortgage payments
- Flat cash-back style earnings on everyday purchases
- No foreign transaction fees
This card is aimed at renters and homeowners who want value without committing to a premium fee, while still participating in the Bilt ecosystem.
Bilt Obsidian Card
The Obsidian Card introduces a mid-tier option for users who spend heavily on dining, groceries, and travel.
Confirmed benefits include:
- Moderate annual fee
- Elevated rewards on dining and select everyday categories
- Enhanced travel earning rates
- Annual hotel credit through the Bilt travel portal
- Expanded purchase protections and travel perks
This card targets users who want stronger rewards without moving into the ultra-premium category.
Bilt Palladium Card
The Palladium Card sits at the top of the lineup and competes directly with luxury travel cards from major issuers.
Key highlights:
- High annual fee
- Airport lounge access
- Large annual travel and hotel credits
- Premium concierge and travel protections
- Accelerated rewards across multiple spending categories
For frequent travelers and high-spend users, this card represents Bilt’s most feature-rich offering to date.
Introducing Bilt Cash and the New Rewards Structure
One of the most important changes in Bilt 2.0 is the introduction of a dual-currency system: Bilt Points and Bilt Cash.
How Bilt Cash Works
Bilt Cash is earned primarily through everyday spending on the card. It functions as a rebate currency that can be used in several ways, including unlocking rewards on housing payments.
Unlocking Points on Rent and Mortgage Payments
Under the new system:
- Rent and mortgage payments can still be made without transaction fees.
- To earn points on those payments, users apply accumulated Bilt Cash.
- The Bilt Cash offsets the processing cost that would normally be charged, allowing the payment to generate points at a fixed rate.
This approach keeps housing payments fee-free while making everyday spending the engine that activates housing rewards.
Earning Rates and Category Rewards
Across the lineup, cardholders can earn:
- Points on rent and mortgage payments (once unlocked with Bilt Cash)
- Enhanced rewards on dining, groceries, and travel depending on card tier
- Flat-rate earnings on general purchases
- Bonus earning opportunities through the Bilt travel platform and partner network
The structure encourages a mix of everyday usage and major monthly payments, turning housing costs into a long-term rewards accelerator.
Introductory APR and Consumer-Friendly Terms
All Bilt 2.0 credit cards launch with a 10% introductory APR on eligible purchases for the first year. This rate applies across all tiers and provides meaningful interest savings for users who carry balances or plan large purchases during the introductory period.
After the promotional phase, standard variable APRs apply based on credit profile and card tier.
Transition From the Previous Bilt Card
Existing Bilt cardholders are being migrated to the new platform through a structured transition process:
- Current users can select a new Bilt 2.0 card without a hard credit inquiry during the designated upgrade window.
- Those who upgrade in time can retain their existing card number and digital wallet connections.
- The original Bilt Mastercard program is being retired as the new suite becomes fully active.
New applicants will apply directly for one of the three Bilt 2.0 cards under the updated underwriting system.
Support for Mortgage Payments: A First in Rewards Cards
Perhaps the most notable expansion is the confirmed inclusion of mortgage payments as eligible for rewards. While many cards block mortgage transactions or treat them as cash advances, Bilt’s system allows these payments to be processed as regular purchases, enabling users to earn points in the same way they do for rent.
This development opens the door for homeowners to finally earn loyalty rewards on their largest monthly expense, something previously unavailable in the mainstream credit card market.
Travel and Lifestyle Benefits
Depending on the card tier, users gain access to:
- Airport lounge networks
- Annual hotel and travel credits
- Travel insurance and trip delay coverage
- Purchase protection and extended warranties
- No foreign transaction fees across all cards
These features place Bilt’s premium offerings in direct competition with established travel cards, while maintaining its unique housing-centric advantage.
Who Should Consider the Bilt 2.0 Credit Cards
The new lineup appeals to several groups:
- Renters who want to turn monthly rent into valuable rewards
- Homeowners seeking the first mainstream way to earn points on mortgage payments
- Travelers looking for premium perks with a housing-rewards twist
- Everyday spenders who want flexible points and cash-style redemptions
With multiple tiers, users can choose a card that aligns with their spending habits and reward goals.
Why This Launch Is a Turning Point for the Rewards Industry
The introduction of Bilt 2.0 credit cards signals a shift in how financial institutions view recurring housing expenses. By integrating rent and mortgage payments into a sophisticated rewards ecosystem, Bilt is challenging long-standing industry rules and expanding what consumers expect from credit cards.
Instead of limiting rewards to discretionary spending, the new model brings America’s largest household expense into the loyalty economy, potentially changing how people evaluate and use credit cards in the years ahead.
Have thoughts on how these new Bilt 2.0 credit cards could impact your rewards strategy? Share your perspective and stay connected for future updates.
