Existing Bilt Rewards cardholders have until February 1st to switch to one of Bilt’s new card options without a hard credit check, maintaining their current card number. This is the final opportunity to take advantage of a streamlined transition before the deadline at 11:59 p.m. Pacific Time.
Why this matters: Bilt Rewards is rapidly reshaping the credit card landscape by offering unusually high point-earning potential, especially for renters and homeowners. The seamless transition ensures current users don’t lose access to these benefits while upgrading to a card better suited to their spending habits.
The Bilt Card Lineup: A Breakdown
Bilt now offers three primary cards: the Bilt Blue, Obsidian, and Palladium. Each targets different spending behaviors and rewards accordingly.
Bilt Blue Card: Maximizing No-Annual-Fee Rewards
The no-annual-fee Bilt Blue Card is designed for those who want high rewards without the cost. It earns 2.3 transferable points per dollar on purchases up to the amount of monthly rent or mortgage payments. Users can also earn 4% back in Bilt Cash on all other spending, which can be converted into additional points, effectively boosting earnings up to 2.3 points per dollar spent.
A key benefit is the ability to use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fees.
Bilt Obsidian Card: Premium Dining and Grocery Rewards
The Bilt Obsidian Card, with a $95 annual fee, focuses on premium rewards in dining or grocery spending, earning 3x points (up to $25,000 annually). By leveraging Bilt Cash earned through housing payments, users can effectively earn up to 4.3 points per dollar spent in their chosen category.
The card also includes a $100 hotel credit via the Bilt Travel portal and an initial bonus of $200 in Bilt Cash.
Bilt Palladium Card: All-Around Spending Power
The Bilt Palladium Card, also with a $95 annual fee, aims at broad spending, earning 2x Bilt Points per dollar. The card’s flexibility allows users to earn 4% back in Bilt Cash, which can be converted into additional points on rent or mortgage payments.
The Palladium Card offers an impressive $400 hotel credit through the Bilt Travel portal, plus $200 in annual Bilt Cash and a $300 sign-up bonus.
Bilt Points: A High-Value Currency
Bilt Points are transferable to a wide range of airline and hotel partners, including major alliances like Star Alliance, oneworld, and SkyTeam. Frequent transfer bonuses, sometimes exceeding 150%, further enhance their value.
These cards aren’t for everyone; they’re designed to reward customers who actively use them. Bilt’s new lineup is competitive, with the Blue Card standing out as the best no-annual-fee option, Obsidian dominating in dining or grocery rewards, and Palladium providing an all-around spending powerhouse.
Ultimately, Bilt Rewards has emerged as a major player in the points and miles space. The transition deadline underscores the urgency for existing cardholders to evaluate their spending habits and choose the card that best aligns with their financial goals.
