BILT 2.0 Cards Launch

Details

Written by: RJ

BILT Rewards 2.0 cards are here.

Note: Use TPGs link to get an additional 5x points per dollar for the first five days from signup, up to 50,000 bonus points (maxed out at $10,000 in spend).

Blue Card

1. Annual fee: $0
2. Multipliers
   • 1x all purchase + 4% Bilt Cash.
   • 3x at partner restaurants (when you choose the Dining category) + 4% Bilt Cash
   • 3x at partner fitness studios + 4% Bilt Cash
   • 3x  Lyft rides (after linking) + 4% Bilt Cash
   • 2x Walgreens + 4% Bilt Cash
3. Welcome Bonus: $100 Bilt Cash when you apply and get approved.

Obsidian 

1. Annual fee: $95
2. Multipliers
   • 3x on your choice of dining or grocery + 4% Bilt Cash.
     • Groceries capped at $25K/year.
   • 2x Travel + 4% Bilt Cash.
   • 1x all purchases + 4% Bilt Cash.
   • 5x at partner restaurants (when you choose the Dining category) + 4% Bilt Cash
   • 3x at partner fitness studios + 4% Bilt Cash
   • 3x  Lyft rides (after linking) + 4% Bilt Cash
   • 2x Walgreens + 4% Bilt Cash
3. Credits
   • $100 Bilt Travel Hotel credit ($50 biannually, minimum two night stay).
4. Benefits
   • Premium Mastercard World Elite everyday benefits: Trip Cancellation and Interruption Protection, Trip Delay Reimbursement, Extended Warranty, Cellular Wireless Telephone Protection, Purchase Assurance, MasterRental Coverage.
5. Welcome Bonus: $200 Bilt Cash when you apply and get approved.

Paladium

1. Annual fee: $495
2. Multipliers
   • 2x all purchases + 4% Bilt Cash on all regular spend (non rent/mortgage).
   • 4x  at partner restaurants + 4% Bilt Cash
   • 4x at partner fitness studios + 4% Bilt Cash
   • 4x on Lyft rides (after linking) + 4% Bilt Cash
   • 3x Walgreens + 4% Bilt Cash
3. Credits
   • $400 Bilt Travel Hotel credit ($200 biannually, minimum two night stay).
   • $200 Bilt Cash credit each year as an annual benefit.
4. Benefits
   • Priority Pass
   • Choose between the mirror finish card offered on the Obsidian, or the silver card.
   • Premium Mastercard World Legend benefits: Trip Cancellation and Interruption Protection, Trip Delay Reimbursement, Extended Warranty, Baggage Delay Insurance, Lost or Damaged Luggage Insurance, Price Drop Protection, Cellular Wireless Telephone Protection, Purchase Assurance, MasterRental Coverage.
5. Welcome Bonus:
   • $300 Bilt Cash when you apply and get approved.
   • 50k points bonus after $4k spend in the first 3 months
   • Gold status after $4k spend in the first 3 months.

Earning on rent – Post from Bilt

Cardholder pick an option when activating the card. Options can be changed at any time, taking effect the next month.

Option 1:

A simple, fee-free way to earn rewards on housing.

1. Pay your full rent or mortgage every month with no transaction fee
2. Earn points on housing automatically in lieu of earning Bilt Cash
3. While everyday spend will not earn Bilt Cash*, you will still get your annual or welcome Bilt Cash credits with the card
4. The more you use your card for everyday spend, the higher your points multiplier on housing, now up to 1.25x:

Points on Housing	Minimum everyday spend as a % of monthly rent / mortgage (Example of $2,000 rent)
0.5x points	Spend at least 25% of monthly rent ($500)
0.75x points	Spend at least 50% of monthly rent ($1,000)
1x points	Spend at least 75% of monthly rent ($1,500)
1.25x points	Spend the same or more as your monthly rent ($2,000

You’ll see your progress to each tier clearly in the app each month.

Just like today, if you don’t hit the minimum spend requirement, you still earn 250 points per month. Bilt Card 2.0 also removes the 100,000 rent point cap that existed with Card 1.0, so you can now earn unlimited points on housing payments.

Option 2:

If you prefer the original, fee-free structure we launched Card 2.0 with, it’s still available for you:

1. Earn 4% back in Bilt Cash on everyday purchases, in addition to base points. Think of Bilt Cash as “choose your own reward”.
2. Pay your full rent or mortgage every month with no transaction fee
3. You can use as little or as much of your Bilt Cash to increase the total points you earn on housing that month and you do not ever pay anything out of pocket.
4. You can also redeem Bilt Cash dollar-for-dollar for monthly credits across the Bilt ecosystem (with monthly, merchant-specific caps), or for exclusive benefits like higher transfer bonuses and special access to experiences.

Notes

1. BILT Cash – Redeemable at 1:1 to cover the 3% processing fee for rent/mortgage payments. As well as Lyft, hotels, dining, fitness, home delivery, and Bilt collection credits. Unused Bilt cash does expire at the end of each calendar year. Can roll over $100.
2. Excluded from earning points – Tax payments and gift cards are excluded. Among the usual suspects.
3. Can earn on multiple properties
4. All mortgage servicers supported
5. Can’t use Bilt cash to cover fees if using a non Bilt card
6. Can only hold one card
7. Rent/Mortgage is not paid via the cards credit limit, it’s an ACH payment.

FAQ

DoC

Spencer Johnson