In a move that’s shaking up the credit card and rewards landscape, Bilt has unveiled its long-anticipated Bilt Card 2.0 lineup, offering Americans a new way to earn points not just on rent, but now on mortgage payments as well. Announced on January 14, 2026, the suite of three new credit cards—Bilt Blue Card, Bilt Obsidian Card, and the premium Bilt Palladium Card—marks a significant leap in how consumers can leverage everyday spending to unlock travel, housing, and lifestyle rewards. According to Bilt, these cards are designed to reward both renters and homeowners, a first in the U.S. market, with a host of exclusive benefits and an introductory 10.00% APR on eligible purchases for the first year, subject to credit approval.
The new cards are powered in partnership with Cardless, Fidem Financial, and Column N.A., and each one allows cardholders to pay rent and mortgage with no transaction fee—a major boon for anyone who’s ever been frustrated by the inability to earn points on their largest monthly expenses. As reported by the company, there’s no preset spending limit on housing payments, and members can earn across multiple homes, all while enjoying free opt-in rent reporting to major credit bureaus to help build credit history.
"This is a win for renters. This is a win for homeowners. This is a win for Americans," said Ankur Jain, Founder and CEO of Bilt, in a statement. "Bilt Card 2.0 offers rewards on your rent, rewards on your mortgage and earns you the most valuable points in the market. We're not just launching three new cards, we're rewarding the way people actually live."
The launch comes at a time when Americans are seeking solutions to rising living costs and looking for ways to make their money work harder. Since its 2019 debut, Bilt has been on a mission to help young Americans build credit through rent payments and pave a clearer path to homeownership. Now, with Bilt Card 2.0, that mission extends to homeowners as well. The company, valued at $10.75 billion and headquartered in New York City, has built a housing membership platform used by millions and is available in roughly one in four apartment buildings nationwide.
Bilt’s leadership team is stacked with heavyweights from the finance and real estate sectors, including Executive Chairman Ken Chenault (former CEO of American Express), NFL Commissioner Roger Goodell, and Timothy Mayopoulos (former CEO of Fannie Mae). Their collective expertise has helped shape what Bilt claims is the richest rewards program on the market today.
So, what exactly do these new cards offer? Each card in the Bilt Card 2.0 lineup is tailored to different spending habits and lifestyles, but all share some core features: the ability to earn Bilt Rewards points, 4% back in Bilt Cash on everyday spend, and the crucial ability to pay rent and mortgage with no transaction fee. Bilt Cash, the program’s new rewards currency, can be spent on monthly credits for restaurants, hotels, rideshare, and more—or used to unlock housing rewards, transfer bonuses, and exclusive experiences within the Bilt ecosystem.
The Bilt Palladium Card sits at the top of the lineup with a $495 annual fee, offering the first-ever welcome bonus for a Bilt credit card: 50,000 points and Bilt Gold status after spending $4,000 in the first three months from account opening. Cardholders also receive $300 in Bilt Cash upon approval and, through an exclusive offer, can earn 5 points per dollar spent (excluding rent and mortgage payments) during the first five days, up to 50,000 bonus points. According to The Points Guy, the total value of this welcome offer can reach up to $1,400, including a $400 annual Bilt Travel hotel credit and $200 annual Bilt Cash. The card also provides Priority Pass lounge membership and earns 2 points per dollar on everyday spending, plus up to 1 point per dollar on rent and mortgage payments.
For those seeking a strong rewards card without the premium price, the Bilt Obsidian Card offers a $95 annual fee, $200 in Bilt Cash upon approval, and the same 5 points per dollar bonus for the first five days (excluding rent and mortgage payments), up to 50,000 points. The card features 3 points per dollar on dining and groceries (up to $25,000 per year), 2 points per dollar on travel, and 1 point per dollar on other spending, along with 4% Bilt Cash on everyday spend. Cellphone protection and a $100 annual Bilt Travel hotel credit round out the perks.
At the entry level, the Bilt Blue Card comes with no annual fee, no foreign transaction fees, and a welcome offer of $100 in Bilt Cash. It earns 1 point per dollar on everyday spending, up to 1 point per dollar on rent and mortgage payments, and 4% Bilt Cash on everyday spend. Like the other cards, it also offers the 5 points per dollar welcome bonus for the first five days, up to 50,000 points.
What sets Bilt Rewards apart, industry analysts say, is the value and flexibility of its points. Bilt points transfer 1:1 to a roster of top airline and hotel partners, including Alaska Airlines Atmos Rewards, United MileagePlus, and World of Hyatt. As of January 2026, Bilt points are valued at roughly 2.2 cents each, making them among the most valuable transferable rewards in the market. For example, 63,000 points could cover a three-night stay at the Hyatt Regency Maui Resort and Spa—a redemption that’s well within reach for new Palladium cardholders who maximize their welcome bonus.
The cards are designed to grow with members, and everyday spend now fuels how many points can be unlocked on housing payments. For every $30 in Bilt Cash earned, members can unlock 1,000 Bilt Points when making rent or mortgage payments, across multiple homes. Bilt Cash can be used flexibly—whether for housing rewards, transfer bonuses, or dollar-for-dollar credits at restaurants, hotels, and rideshares.
For existing Bilt cardholders, the transition to the new lineup is seamless. Members can select one of the three new cards by January 30, 2026, and will receive their new card by February 6, ready for use starting February 7. There’s no hard credit inquiry for upgrades, and card numbers remain the same, ensuring subscriptions and autopayments are uninterrupted. Apple Pay and Google Pay updates happen automatically.
Behind the scenes, Cardless provides the digital card platform, while Column N.A. issues the cards, with capital from Fidem Financial and its partners. This collaborative structure, Bilt says, brings together cutting-edge technology and financial stability.
According to The Points Guy, "The welcome bonus, plus other points-earning opportunities from the card, will bring me much closer to my next Hyatt stay, business-class flight or whatever tempting Rent Day transfer bonus Bilt rolls out next." The publication also notes that Bilt points are harder to earn at scale, but their high value and flexibility make them extremely desirable for savvy travelers and homeowners alike.
With the introduction of Bilt Card 2.0, renters and homeowners now have an unprecedented opportunity to turn their largest monthly payments into meaningful rewards—whether that’s a dream vacation, a night out, or simply a faster path to building credit and financial security. As the cards hit wallets nationwide in February, all eyes will be on how consumers respond to this bold new approach to rewards.
