Bilt Rewards 2.0 Benefits

The Bilt Rewards 2.0 Lineup

Bilt Rewards launched its 2.0 card lineup in February 2026, replacing the original Wells Fargo-issued Bilt Mastercard. The new cards are issued by Column N.A. and serviced by Cardless Inc. All three tiers earn points on rent with no transaction fees.

Bilt Blue Card — $0 Annual Fee

• 1x points on all purchases including rent
• No annual fee, no transaction fees on rent
• Optional Bilt Cash: 4% back on everyday purchases with Flexible Bilt Cash
• Best for: renters who want free points on rent

Bilt Obsidian Card — $95 Annual Fee

• 3x points on dining OR groceries (annual selection, uncapped dining / $25K/year grocery cap)
• 2x points on travel
• 1x points on rent and all other purchases
• $100/year hotel credit ($50 per half-year via Bilt Travel)
• Optional Bilt Cash: 4% back on everyday purchases with Flexible Bilt Cash
• Best for: renters who spend heavily on dining or groceries

Bilt Palladium Card — $495 Annual Fee

• 2x points on all everyday purchases (excluding rent)
• 1x points on rent
• $400/year hotel credit ($200 per half-year via Bilt Travel)
• $200/year Bilt Cash credit (deposited at start of calendar year)
• Priority Pass lounge access (1,400+ lounges, cardholder + 2 guests)
• Optional Bilt Cash: 4% back on everyday purchases with Flexible Bilt Cash
• Best for: frequent travelers and high-spend renters

Obsidian Bonus Category Selection

The Bilt Obsidian's biggest complexity: you must choose ONE bonus category per year — dining (3x, uncapped) or groceries (3x, up to $25,000/year). The decision is annual and cannot be changed mid-year.

• Choose diningif you spend more than $3,167/year (~$264/month) on restaurants — you'll outperform the grocery option at any spend level above that
• Choose groceries if you spend heavily at supermarkets and your dining is lower (common for families). The $25K/year cap is effectively $2,083/month — very generous for most households

All other non-travel purchases on Obsidian earn 1x regardless of which category you select. Travel always earns 2x.

Earning Points on Rent

Bilt is the only card program that earns points on rent payments with no added transaction fees. To earn points on rent:

• Pay rent through the Bilt app, a Bilt-enrolled property portal, or BillPay
• BillPay supports third-party portals, Venmo, PayPal, and mailed checks
• Housing payments do not use your card credit line; Bilt debits your linked bank account
• Housing-only rewards can earn up to 1.25x based on your everyday spending ratio
• Flexible Bilt Cash can redeem Bilt Cash to unlock up to 1x points on housing

Bilt Cash (Optional 4% Back)

All Bilt 2.0 cardholders can opt into Flexible Bilt Cash to earn 4% back in Bilt Cash on eligible everyday purchases, in addition to each card's normal points earnings. If you choose Housing-only rewards instead, you do not earn 4% Bilt Cash on everyday spend; you earn points on housing payments automatically, up to 1.25x, based on everyday spending. Bilt Cash is separate from Bilt Points and expires December 31 each calendar year. Up to $100 in unused Bilt Cash rolls over annually.

The Bilt Palladium also deposits $200 in Bilt Cash at the start of each calendar year, effectively offsetting $200 of the $495 annual fee immediately.

Bilt Travel Hotel Credits

Hotel credits are among the easiest Bilt benefits to capture, but require planning:

How credits work

• Credits are issued semi-annually (Jan–Jun, Jul–Dec)
• Credits must be used through the Bilt Travel booking portal
• Minimum two-night stay required
• Credits expire at the end of each half-year period — they do not roll over

Credit amounts by card

• Bilt Obsidian: $50/half ($100/year)
• Bilt Palladium: $200/half ($400/year)
• Bilt Blue: No hotel credit

kardfolio tracks these as semi-annual benefits so you'll get reminders before each half-year deadline.

Bilt Points Transfer Partners

Bilt Points transfer to airline and hotel partners across all three cards. Most partners transfer 1:1; Accor Live Limitless transfers at 3:2. Partners can change over time, so confirm availability in the Bilt app before moving points.

Airlines

• Atmos Rewards (Alaska Airlines + Hawaiian Airlines)
• Avianca LifeMiles
• United MileagePlus
• Air France/KLM Flying Blue
• Virgin Red
• Virgin Atlantic Flying Club
• Emirates Skywards
• British Airways Executive Club
• Cathay Pacific
• Turkish Airlines Miles&Smiles
• Aer Lingus AerClub
• Iberia Plus
• Air Canada Aeroplan
• TAP Miles&Go
• Southwest Airlines
• Japan Airlines
• Qatar Airways Privilege Club Avios
• Etihad Airways
• Spirit

Hotels

• Hilton Honors
• Marriott Bonvoy
• World of Hyatt
• IHG One Rewards
• Accor Live Limitless
• Wyndham Rewards

Transferring to Hyatt is generally considered the highest-value option — Hyatt property redemptions can deliver outsized value compared to cash-back alternatives.

Bilt Status Tiers

Qualifying points earned through Bilt count toward annual status:

• Blue: Under 50,000 points/year
• Silver: 50,000-124,999 points/year
• Gold: 125,000-199,999 points/year
• Platinum: 200,000+ points/year

Higher tiers unlock additional benefits including bonus transfer partner perks and exclusive redemption opportunities.

Travel & Purchase Protections

Bilt 2.0 protections vary by card, so check your card's Guide to Benefits before relying on coverage. The broad pattern:

Protections by card

• All cards: Cell phone protection, Purchase Assurance, and MasterRental coverage
• Obsidian and Palladium: Trip cancellation/interruption, trip delay, extended warranty, and lost or damaged luggage coverage
• Palladium only: Baggage delay and Price Drop Protection

Travel Insurance

• Trip Delay (Obsidian/Palladium): Up to $300 per trip for delays over 6 hours (max 1 claim per 12 months)
• Trip Cancellation/Interruption (Obsidian/Palladium): Up to $2,000 per trip, $5,000/year
• Lost/Damaged Luggage (Obsidian/Palladium): Up to $1,500 per incident (max 2 claims/year)
• Baggage Delay (Palladium): Up to $250 for essentials when baggage delayed
• Car Rental: MasterRental secondary coverage; primary outside country of residence

Purchase Protections

• Cell Phone Protection: Up to $800/claim ($50 deductible, 2 claims per 12 months) when you pay your phone bill with the card
• Purchase Assurance: Up to $1,000/occurrence for theft or damage within 90 days
• Extended Warranty (Obsidian/Palladium): Doubles manufacturer warranty (up to 24 months) on covered items
• Price Drop Protection (Palladium only): Up to $250/claim within 90 days if price drops at least $25 (4 claims/year max)

Other

• No foreign transaction fees on all cards
• Rent Reporting: Opt-in to report rent to Experian, Equifax, and TransUnion to build credit history

Is Bilt Rewards Worth It?

Bilt Blue ($0 fee) — Easy yes

If you pay rent, the Bilt Blue is compelling. No annual fee, no transaction fees on housing payments through Bilt, and your choice between Housing-only rewards or Flexible Bilt Cash. The tradeoff is using Bilt's payment flow and tracking which rewards option is active.

Bilt Obsidian ($95 fee) — Good for active earners

Offset the $95 fee with the $100/year hotel credit alone (if you stay at hotels twice per year through Bilt Travel). Add 3x on your chosen bonus category and 2x on travel, and the card clearly justifies itself for anyone spending $200+/month on dining or groceries.

Bilt Palladium ($495 fee) — Requires full credit utilization

The Palladium math at face value: $200 Bilt Cash credit + $400 hotel credit = $600 in credits vs. a $495 fee — net positive if you use both. Add Priority Pass lounge access and 2x on all spending, and it works for frequent travelers. The key: both hotel credits require booking through Bilt Travel, and unused Bilt Cash expires at year end except for the annual rollover allowance.