In an exciting development for consumers, Bilt has officially launched its revamped credit card lineup, Bilt 2.0, confirming many speculated features and enhancements. This new offering provides opportunities for users to earn points on their mortgage payments, among other significant benefits.
One of the standout features of the Bilt 2.0 lineup is the introduction of the premium-tier Bilt Palladium Card, which allows users to earn an impressive 2 Bilt Points per dollar spent on everyday purchases. This is particularly beneficial for frequent travelers, as Bilt Rewards points can be transferred to high-value partners, including Alaska Airlines Atmos Rewards, World of Hyatt, and United MileagePlus. This means that cardholders can effectively think of their spending as accruing valuable travel points across various programs.
The welcome bonuses associated with the new card offerings are equally lucrative. The Bilt Palladium Card, for instance, includes a remarkable welcome offer of 50,000 bonus Bilt Rewards points and Gold elite status after spending $4,000 on non-housing purchases within the first three months. Additionally, cardholders can earn $300 in Bilt Cash upon approval, providing further incentives to apply. There’s also an exclusive promotion allowing new members to earn 5 points per dollar on all purchases during the first five days of membership, giving them the potential to earn up to 50,000 bonus points.
However, previous users of the existing Bilt structure may be disappointed to learn that the way Bilt allows users to pay rent and mortgage payments has changed. Under Bilt 2.0, the previous fee-free rent payment system that required only five small monthly transactions is no more. While users can still make rent and mortgage payments without incurring transaction fees using Bilt, they will now need to utilize Bilt Cash to unlock point-earning potential on those transactions.
Three new cards comprise the Bilt 2.0 offerings:
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Bilt Blue Card: This card has no annual fee and offers a welcome bonus of $100 in Bilt Cash. Cardholders earn 1 point per dollar on everyday spending and can earn up to 1 point per dollar on rent or mortgage payments. It also includes a 4% Bilt Cash return on everyday purchases.
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Bilt Obsidian Card: With a $95 annual fee, this mid-tier option provides a welcome bonus of $200 in Bilt Cash. Users earn 3 points per dollar on dining and grocery purchases and 2 points per dollar on travel, alongside the previously mentioned rewards on housing payments.
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Bilt Palladium Card: For those seeking maximum rewards, this card comes with a $495 annual fee. Users can earn 2 points per dollar on everyday spending and enjoy a $400 annual Bilt Travel portal hotel credit, as well as the previously stated welcome bonus and earning structure.
Bilt Cash, a new feature of the program, enables cardholders to earn a return on their everyday purchases that can be used toward unlocking points on housing payments. For example, every $30 in Bilt Cash allows users to earn points on $1,000 in rent or mortgage payments without incurring transaction fees.
The program appears to reflect a sophisticated understanding of consumer needs, particularly for those looking to maximize rewards on significant monthly expenses. New cardholders can potentially earn thousands of points annually by capitalizing on the new structure.
The launch date for the new Bilt cards is set for February 7, giving users a clear timeline to prepare for these exciting changes. Those interested in exploring this new rewards ecosystem are encouraged to assess their personal spending habits and consider which card might best suit their financial goals.
With various earning options and generation of rewards potential, Bilt 2.0 aims to cater to a diverse range of consumers, making it a noteworthy development in the credit card landscape.
