Introducing Bilt Card 2.0: Maximize Rewards on Rent, Mortgage, and More
Bilt has recently launched Bilt Card 2.0, a new suite of three credit cards designed to maximize rewards for renters and homeowners alike. This innovative card program allows cardholders to earn points on rent and mortgage payments, providing significant benefits amid rising living costs.
Key Features of Bilt Card 2.0
- Introductory APR: New cardholders will enjoy a 10.00% introductory APR on eligible purchases for the first 12 months, subject to approval.
- Rewards on Rent and Mortgage: For the first time, Bilt rewards both rent and mortgage payments, making it a game changer for homeowners.
- Bilt Cash Rewards: Cardholders can earn 4% back in Bilt Cash on everyday spending, providing additional value.
- Free Rent Reporting: Members can opt for free reporting of on-time rent payments to major credit bureaus, aiding in credit building.
Details About the Bilt Card Options
The Bilt Card 2.0 includes three distinct options, each tailored to meet different needs and spending habits:
- Bilt Palladium Card:
- Annual Fee: $495
- Rewards: 2X points on everyday spend, 4% back in Bilt Cash.
- Sign-Up Bonus: 50,000 points and $300 in Bilt Cash upon account opening.
- Bilt Obsidian Card:
- Annual Fee: $95
- Rewards: 3X points on dining and groceries (up to $25K/year), 2X on travel.
- Benefits: $100 in Bilt Travel Hotel credits annually.
- Bilt Blue Card:
- No Annual Fee
- Rewards: 1X points on everyday spend, 4% back in Bilt Cash.
- Bonus: $100 in Bilt Cash upon account opening.
Transforming Everyday Spending into Housing Rewards
Bilt Card 2.0 offers a unique way to convert everyday spending into housing rewards. For every $30 in Bilt Cash earned, cardholders can unlock 1,000 Bilt Points when paying rent or mortgage. This flexibility enhances the value of everyday purchases, seamlessly integrating rewards with housing costs.
Who is Behind Bilt?
Founded in 2019, Bilt has emerged as a pivotal platform for renters seeking to build credit through their housing payments. Based in New York City, Bilt is now valued at $10.75 billion and serves millions of members across 5.5 million homes. Key figures in its leadership include Ankur Jain (CEO), Ken Chenault (Executive Chairman), and Roger Goodell (NFL Commissioner).
Seamless Transition for Current Members
Existing Bilt cardholders can upgrade to one of the three new cards by January 30, 2026, ensuring a smooth transition while retaining their account number. This upgrade process will also maintain uninterrupted subscriptions and autopay services.
Conclusion
Bilt Card 2.0 represents a significant advancement in the rewards landscape for both renters and homeowners. With its focus on maximizing rewards for essential housing payments, it is positioned to offer substantial benefits to a broad audience.
