Bilt Card 2.0 Launches February 7: Everything You Need to Know

Bilt Rewards just dropped the biggest news in the points world: Bilt Card 2.0 launches February 7, 2026, and it’s a complete game-changer.

The original Bilt Mastercard was already revolutionary — the only card that let you earn points on rent with no fees. But the new Bilt Card 2.0 takes it further: you can now earn points on mortgage payments, regardless of who your mortgage is with.

If you’re a homeowner, this is the news you’ve been waiting for.

What’s Changing?

Bilt Card 2.0 isn’t just an upgrade — it’s a complete reimagining. The single Bilt Mastercard is being replaced by three new card options:

Bilt Card (base version)
Bilt Card Plus (mid-tier with extra perks)
Bilt Card Elite (premium tier)

Bilt will reveal full details on all three cards in early January, but here’s what we know so far.

The Big News: Mortgage Points

This is the headline feature. With Bilt Card 2.0, you’ll earn points on eligible mortgage payments — no matter who your mortgage servicer is.

Think about that for a second. If you’re paying $2,500/month on your mortgage, that’s potentially 30,000+ points per year just from your housing payment.

Combined with their rent-earning feature (which isn’t going away), Bilt is now relevant to virtually everyone who pays for housing.

How Mortgage Points Work

Points earned on mortgage payments (exact earn rate TBD)
Works with any mortgage servicer
No transaction fees
Points post to your Bilt account like normal

We’re still waiting on the specific earning rates, but even at 1x, this is huge. Most credit cards won’t even let you pay your mortgage — and the ones that do charge fees that wipe out any rewards.

What Happens to Current Cardholders?

If you already have the Bilt Mastercard, here’s what you need to know:

The Transition Process

No action needed yet — wait for the January announcement
Choose your new card — pick from the three Bilt Card 2.0 options
Soft credit pull only — switching won’t hurt your credit score
Same card number — no need to update subscriptions or autopay
Apple Pay/Google Pay auto-update — seamless transition on Feb 7

Your Options

After the January announcement, current cardholders can:

Upgrade to Bilt Card 2.0 (soft pull, same account number)
Convert to Wells Fargo Autograph (different card entirely)
Close the account (not recommended unless necessary)

If you have a balance on your current card, you can transfer it to your new Bilt Card 2.0 (subject to approval).

Why This Matters

For Renters

Nothing changes — Bilt is still the only card that lets you earn points on rent with no fees. You’ll likely get even more value with the new card tiers.

For Homeowners

This is the first card that makes mortgage payments rewarding. Previously, homeowners had to choose between:

Paying by bank transfer (no points)
Using a service like Plastiq (1-3% fees that kill your rewards)
Just… not earning points on their biggest expense

Now you can earn Bilt points on your mortgage directly. That’s a potential goldmine.

For Everyone

Bilt points transfer 1:1 to some of the best airline and hotel partners:

Airlines: American, United, Air Canada, Turkish, Virgin Atlantic, and more
Hotels: Hyatt, IHG, Marriott

The Hyatt transfer alone makes Bilt points worth ~1.5-2 cents each. Earning those on your mortgage? That’s real money.

The Three New Cards

While full details aren’t out yet, here’s what we’re expecting based on industry patterns:

Bilt Card (Base)

No annual fee
Core rent/mortgage earning
Standard Bilt benefits

Bilt Card Plus (Mid-Tier)

Likely $95-150 annual fee
Enhanced earning rates
Additional perks (possibly statement credits)

Bilt Card Elite (Premium)

Higher annual fee ($250-450 range)
Best earning rates
Premium benefits (lounge access? Travel credits?)

We’ll update this post when Bilt reveals the full details in January.

Should You Get Bilt Card 2.0?

Get it if you:

Pay rent (any amount)
Have a mortgage
Value transfer partner flexibility
Want to maximize your housing expenses

Skip it if you:

Own your home outright (no rent or mortgage)
Prefer cash back over points
Already have a complex points strategy that doesn’t include Bilt partners

How to Prepare

Current cardholders: Wait for the January announcement, then choose your tier
New to Bilt: Sign up at biltrewards.com/card for early access notifications
Research transfer partners: Know where you’ll use these points

The Bottom Line

Bilt Card 2.0 is shaping up to be one of the most significant credit card launches in years. Earning points on mortgage payments — with no fees — was previously impossible.

Launch date: February 7, 2026

Whether you’re a renter or a homeowner, this card deserves a spot in your wallet. The housing expense category just became one of the most rewarding spend categories in the game.

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We’ll update this post as Bilt reveals more details about the three card tiers. Bookmark it and check back!