Bilt Card 2.0: What Changed and What It Means

By Bryce Casson, Founder · Cardocrat · Updated July 2026

The short answer: In 2026 Bilt scrapped its single no-fee card and launched Bilt Card 2.0, a three-card lineup: the no-fee Blue, the $95 Obsidian, and the premium $495 Palladium. The headline is that Bilt now earns points on mortgage payments, extending its housing-rewards trick from renters to homeowners for the first time. The cards also switched issuers and networks in the process. Here is what changed, who each card is for, and what to do if you held the old one. For the full mechanics, see our Bilt Rewards guide.

What Bilt changed

Bilt went from one card to three, and the reason is housing. The original Bilt card was built around a single clever feature, earning points on rent with no fee, and the new lineup keeps that but adds the thing renters-turned-owners always wanted: points on a mortgage. That makes these the first mainstream cards to reward the single biggest bill most homeowners have. Along the way the program moved to a new issuer, Column, with Cardless as the servicer, and shifted onto the Mastercard network, so the old card is being retired and existing members were asked to choose one of the three new cards during the early-2026 transition.

The three cards

The lineup is a classic good-better-best split, with the housing rewards and perks scaling as the fee rises.

Card	Annual fee	Best for
Bilt Blue	$0	Renters who want housing points with no fee
Bilt Obsidian	$95	A middle tier with richer earning and perks
Bilt Palladium	$495	Heavy spenders wanting 2x on everything plus an annual Bilt Cash bonus

The Palladium earns 2x on everyday purchases outside of housing and hands back an annual Bilt Cash bonus, which is how it justifies the fee for high spenders. The Blue keeps the no-fee, housing-points formula that made Bilt famous. Our how Bilt Rewards works guide covers the exact earning rates and the caps.

The big deal: rewards on your mortgage

This is the change that matters most. For a homeowner, the mortgage is usually the largest recurring payment there is, and until now no card rewarded it without steep processing fees. Bilt 2.0 lets you earn points on that payment, with the rate and caps scaling by card tier, which can turn a bill you were paying anyway into a meaningful points stream. It is the same insight that made Bilt work for renters, now pointed at the bigger housing expense. As always, run the numbers against the annual fee, since the value depends on how much housing and other spending you actually route through the card.

What to do

If you held the old Bilt card, you were prompted to pick one of the three during the transition, so the main decision is which tier fits you. Choose Blue if you want housing points at no cost, Obsidian for a modest step up, or Palladium only if your everyday spending is high enough for the 2x earning and Bilt Cash to clear the $495 fee. Whichever you hold, Bilt points still transfer to airline and hotel partners, and notably they move to World of Hyatt at one to one, which has become more valuable as other programs cut their Hyatt ratios. See the best ways to use Bilt points.

Frequently asked questions

What is Bilt Card 2.0?

It is Bilt’s 2026 relaunch that replaced its single no-fee card with three cards, Blue at no fee, Obsidian at $95, and Palladium at $495. The biggest addition is earning points on mortgage payments, not just rent, and the cards moved to a new issuer, Column, on the Mastercard network.

Can you earn points on a mortgage with Bilt now?

Yes. The headline feature of Bilt Card 2.0 is that homeowners can earn points on mortgage payments, with the rate and caps scaling by card tier. It extends the rent-rewards concept that made Bilt popular to the largest bill most homeowners have.

Which Bilt card should I get?

Blue if you want housing points with no annual fee, Obsidian for a mid-tier step up, and Palladium only if your everyday spending is high enough for its 2x earning and annual Bilt Cash to outweigh the $495 fee. Match the tier to how much you will actually put on the card.

What happened to the old Bilt card?

It is being retired. During the early-2026 transition, existing members were asked to choose one of the three new Bilt Card 2.0 options, which are issued by Column, serviced by Cardless, and run on Mastercard rather than the old Wells Fargo Visa.

Do Bilt points still transfer to airlines and hotels?

Yes. Bilt points continue to transfer to Bilt’s airline and hotel partners, including World of Hyatt at one to one, which is especially useful now that some other programs have cut their Hyatt transfer ratios.