Breaking News • January 7, 2026
Bilt 2.0 Cards: Rumored Details Leaked—Here's What We Know
Details about the three new Bilt credit cards have surfaced from Reddit leaks and website code analysis. We break down what's confirmed, what's rumored, and whether these cards are worth it—with calculators to help you decide.
What We Know For Sure
Before diving into the rumors, here's what Bilt Rewards has officially confirmed about the Bilt 2.0 cards:
- Three new cards will be issued by Cardless (not Wells Fargo)
- Three annual fee tiers: $0, $95, and $495
- Cards will earn points on eligible mortgage payments (in addition to rent)
- Details will be revealed January 14, 2026
- Existing Bilt cardholders can preorder starting January 14
- New cards ship by February 6 for preorders
- General availability begins February 7, 2026
- Existing Bilt Mastercard holders who don't upgrade will be converted to Wells Fargo Autograph Card
The biggest confirmed change: mortgage payments will now earn Bilt points, expanding the program beyond renters. This is huge for homeowners who want to earn points on their largest monthly expense.
Rumored Card Details (Unconfirmed)
Important: These details are based on Reddit leaks and code found on Bilt's website. They are not confirmed by Bilt Rewards. Take these with a grain of salt until official details are released on January 14.
Bilt Blue Card ($0 Annual Fee)
- Welcome Bonus: $100 Bilt Cash
- Earning: 1X points on rent, mortgage, and everyday spend
- Bilt Cash: 4% Bilt Cash on everyday spend (can be used to waive rent/mortgage transaction fees)
- Benefits: No foreign transaction fees, Neighborhood Benefits program
Bilt Obsidian Card ($95 Annual Fee)
- Welcome Bonus: $200 Bilt Cash
- Earning: 3X points on dining OR groceries (choice of one, grocery cap $25K/year), 2X points on travel, 1X points on rent/mortgage/everyday
- Bilt Cash: 4% Bilt Cash on everyday spend
- Benefits: $100 Bilt Travel hotel credit ($50 every 6 months), Cellphone protection
Bilt Palladium Card ($495 Annual Fee)
- Welcome Bonus: 50,000 Bilt Points + Gold Status (after $4,000 spend in 3 months) + $300 Bilt Cash
- Earning: 2X points on everyday spend, 1X points on rent/mortgage
- Bilt Cash: 4% Bilt Cash on everyday spend
- Benefits: $400 Bilt Travel hotel credit ($200 every 6 months), $200 Bilt Cash annually, Priority Pass membership
The Big Change: All three cards reportedly charge transaction fees on rent and mortgage payments (typically 2.9%), but you can use Bilt Cash to offset these fees. This is a significant departure from the original Bilt Mastercard, which allowed fee-free rent payments with just 5 transactions per month.
Calculator: How Much Bilt Cash Do You Need?
If the rumors are true, you'll need to earn Bilt Cash to offset transaction fees on rent/mortgage payments. Calculate how much you'd need to spend to make your housing payments "free."
Bottom Line: To offset your transaction fees, you'd need to spend approximately $1450 per month on everyday purchases to earn enough Bilt Cash (at 4%).
Calculator: Which Card Tier Is Best For You?
Compare the annual value of each card tier based on your spending patterns, including rent/mortgage payments. All cards earn 1X on rent/mortgage and 4% Bilt Cash on everyday spend (which can offset transaction fees). We're using TPG's Bilt point valuation of 2.2 cents per point.
Bilt Blue
Bilt Obsidian
Bilt Palladium
Our Analysis: Is This Good or Bad News?
If these rumors are true, the Bilt 2.0 cards represent a significant shift in value proposition. Here's our take:
The Bad News
- Transaction fees on rent/mortgage: The original Bilt card allowed fee-free rent payments with just 5 transactions per month. If these rumors are true, you'll now need to earn Bilt Cash to offset fees.
- Lower rent/mortgage earning: All cards earn just 1X on housing payments, compared to the potential for higher multipliers on other cards.
- More spending required: To make housing payments "free," you'll need to spend significantly more on everyday purchases to earn Bilt Cash.
The Good News
- Mortgage payments now earn points: This is huge for homeowners who couldn't participate before.
- Higher everyday earning: The Palladium card's 2X on everything is exceptional, especially with Bilt points valued at 2.2 cents each (4.4% return).
- Generous credits: The Obsidian and Palladium cards include hotel credits and Bilt Cash that can offset annual fees.
- Bilt Cash flexibility: The 4% Bilt Cash on everyday spend can be used strategically to offset fees or for other purposes.
Who Should Consider Each Card?
Bilt Blue ($0 AF)
Best for: Light users who primarily want to earn points on rent/mortgage. If you don't spend much on everyday purchases, the transaction fees might not be worth it. Consider this if you're just getting started with Bilt.
Bilt Obsidian ($95 AF)
Best for: Moderate spenders who dine out frequently or travel regularly. The $100 hotel credit effectively makes this a -$5 card in year one, and the 3X dining/grocery multiplier is solid. Good middle ground option.
Bilt Palladium ($495 AF)
Best for: Heavy spenders who can maximize the 2X on everything. With $600 in credits ($400 hotel + $200 Bilt Cash), the effective annual fee is -$105 before points. If you spend $3,000+ per month on everyday purchases, this could be incredibly valuable. The 50,000 point welcome bonus is also strong.
Key Takeaways
- These are rumors: Nothing is confirmed until Bilt's official announcement on January 14, 2026.
- Transaction fees are likely: The economics suggest Bilt can't continue offering completely fee-free rent payments at scale.
- Mortgage payments are huge: This expansion to homeowners significantly increases the addressable market.
- Palladium could be exceptional: For heavy spenders, the 2X on everything with Bilt's valuable points is compelling.
- Use the calculators: Run your own numbers to see which card (if any) makes sense for your spending patterns.
Track Your Bilt Cards and All Velocity Rules
Whether you're considering the Bilt 2.0 cards or managing your existing portfolio, IronChurn helps you track all your cards, velocity rules, MSR deadlines, and more—all in one dashboard.