New Bilt Card 2.0 Coming February 2026: 3 Tiers, Mortgage Rewards, Bilt Cash

If you’ve been following the Bilt saga, buckle up—because the rewards program that made earning points on rent a thing just announced its biggest overhaul yet. Bilt 2.0 officially launches on February 7, 2026, bringing three new credit cards, mortgage rewards (finally!), and a complete revamp of its bonus structure.

Current cardholders got the news this morning: your Wells Fargo Bilt Mastercard is getting retired, and you’ll need to pick from three new card tiers in January. But here’s the good news—the transition is designed to be painless (no hard pull, same card number), and the new benefits actually look… better?

Let’s break down everything you need to know about the new Bilt 2.0.

What Is Bilt Card 2.0?

Bilt is switching things up by ditching Wells Fargo and partnering with Cardless (via Column N.A.) as its new card issuer. The change comes after reports that Wells Fargo was losing approximately $10 million per month on the partnership, which honestly makes you wonder how they let it go on for so long.

The new lineup includes three card tiers with annual fees reportedly at $0, $95, and $495. While Bilt hasn’t officially revealed all the details yet (that’s coming at a January event), we know the cards will offer enhanced rewards across their ecosystem and beyond.

The Big News: Mortgage Rewards Are Here

This is the headline grabber: Bilt 2.0 will let you earn points on mortgage payments, regardless of who your mortgage servicer is. Previously, you could only earn on rent (unless you had a UWM mortgage), which left homeowners feeling like the forgotten stepchildren of the Bilt world.

Now, mortgage holders can get in on the action alongside renters. The exact earning rate hasn’t been announced yet, but if it follows the current rent structure, you’re looking at potential points on what’s likely your biggest monthly expense.

For context: if you’re paying a $3,000 mortgage and earn even 1 point per dollar (the current rent rate without the point cap), that’s 36,000 points per year. Transferred to partners like American Airlines or United, that’s enough for a domestic round-trip flight. Not bad for something you’re paying for anyway.

Bilt Cash Replaces Milestone Rewards (And Actually Makes Sense)

Out with the old, in with the… actually useful? Starting January 1, 2026, Milestone Rewards is getting replaced by Bilt Cash, which awards $50 in Bilt Cash for every 25,000 points you earn.

Let’s be real. Milestone Rewards was kind of a nothingburger. You’d hit these spending thresholds and unlock mediocre and temporary bonus categories that disappeared before you could really capitalize on them. It felt like homework with an expiration date.

Bilt Cash is much simpler: it’s automatically added to your account and can be used at Bilt’s merchant partners. Think of it as a rebate system that runs in parallel to your regular point-earning. You’re still accumulating transferable Bilt points like normal, but now you’re also racking up Bilt Cash that you can spend within their ecosystem.

The math works out to a 0.2% return on every dollar you spend (50 cents per $250 in spend). It’s not going to change your life, but it’s better than the alternative of forgetting to use a 5x bonus category before it expires.

Current Cardholder Transition Guide

If you’re already holding the Wells Fargo Bilt Mastercard, here’s your game plan:

Timeline:

• Keep using your current card through February 6, 2026
• Watch for the January announcement event revealing the three new cards
• Select which new card you want (they’ll ship it before launch)
• Everything transitions on February 7, 2026

What stays the same:

• Your card number (yes, really)
• All your autopay and saved payment methods
• Digital wallets auto-update (Apple Pay, Google Pay)
• Your points balance and Bilt membership
• No hard credit inquiry when selecting your new card

Your three options:

1. Transition to one of the new Bilt 2.0 cards (you can transfer any balance from your old account)
2. Close your Wells Fargo account entirely
3. Keep the Wells Fargo account open, and it converts to an Autograph Visa card with a different number

Most people will probably go with option 1, but if you’ve been wanting the Autograph card anyway, option 3 could be a sneaky way to get it.

What We Know About Bilt (For the Uninitiated)

New to the Bilt rewards universe? Here’s the quick version: Bilt revolutionized rent payments by letting you earn transferable points without paying processing fees. You earn 1x points on rent (up to 100,000 points per year), 2x on travel, 3x on dining, and 1x on everything else.

The points transfer 1:1 to partners like Alaska Airlines, United, Hyatt, Marriott, and more—basically all the good ones. You can also redeem for rent credits, fitness classes through the Bilt app, or even put them toward a down payment on a home (because Bilt loves being on-brand).

The catch? You need to make at least 5 transactions per statement period for your points to count. It’s annoying, but a couple of small Amazon reloads and streaming subscriptions work if you’re desperate.

Rent Day: On the first of every month, Bilt runs “Rent Day” promotions where you can earn double points on everything (except rent), bonus points for shopping with partners, and sometimes get up to 100% boosted transfer ratios to select travel partners (the real MVP of Rent Day benefits).

What’s Next?

The smart move right now is to keep using your current card and wait for the January announcement. Bilt will reveal the full details of all three cards, and you’ll be able to make an informed decision about which tier makes sense for you.

For those wondering about getting the Wells Fargo version before it disappears: applications for the current card closed on November 5, 2025. If you missed that deadline, you’ll need to wait until after the January event to apply for one of the new cards.

Sign up at biltrewards.com/card if you want early access to the announcement. Otherwise, sit tight—February 7th will be here before you know it.

New Bilt 2.0 Frequently Asked Questions

When does Bilt 2.0 officially launch?

February 7, 2026. Current cardholders can continue using their Wells Fargo Bilt Mastercard through February 6, 2026.

Do I need to reapply for a new card?

No. Current cardholders can select from the three new cards without a hard credit inquiry. If you’re not currently a Bilt cardholder, you’ll need to apply for one of the new cards after they’re announced in January.

Will my card number change?

No. Your card number stays the same when you transition to Bilt 2.0, so all your autopay and saved payment methods will continue working without any updates.

What happens to my current Wells Fargo Bilt card?

You have three options: (1) transition to a new Bilt 2.0 card and optionally close the Wells Fargo account, (2) close the Wells Fargo account entirely, or (3) keep the Wells Fargo account open and it converts to an Autograph Visa card with a different card number.

How do I earn points on mortgage payments?

Bilt 2.0 will allow you to earn points on mortgage payments regardless of who your mortgage servicer is. The exact process and earning rate will be announced with the full card details in January 2026.

What’s the difference between Bilt Cash and Bilt Points?

Bilt Points are the transferable rewards you earn on purchases (1x on rent and general purchases, 2x on travel, 3x on dining). Bilt Cash is a separate rebate program that gives you $50 in statement credits for every 25,000 points you earn, usable at Bilt’s merchant partners.

When do Milestone Rewards end?

Milestone Rewards ends on December 31, 2025. The new Bilt Cash program launches January 1, 2026.

What are the annual fees for the new cards?

While not officially confirmed, reports suggest the three card tiers will have annual fees of $0, $95, and $495. Full details will be announced at Bilt’s January event.

Editor’s note: Opinions shared in this article are solely the author’s and do not represent the views of any bank, credit card issuer, hotel, airline, or other organization. The content has not been evaluated, approved, or endorsed by any of the mentioned entities. These are our recommendations but it isn’t financial advice. We may receive a commission if you click through any of the links in this article.

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