“Earlier this year, we received incredible feedback from tens of thousands of our Members about what they wanted from their Bilt Card experience going forward. Based on that feedback, we have been developing new cards that deliver the depth and breadth of product experience you all have asked for. Bilt Card 2.0 is being developed in partnership with Cardless—the platform which recently launched the American Express Coinbase card. The new card lineup will include three distinct products designed to serve Bilt's diverse member base: a no-fee card option, along with premium cards featuring $95 and $495 annual fees, respectively.
Bilt Card 2.0 launches in February 2026, and current cardholders will be seamlessly moved from Wells Fargo to our new card platform at that time. More details about the new issuing partner, enhanced rewards including points on both rent and mortgage, the broader card value prop, and the transition process will all be announced early fall. Everything stays the same for you today, and we'll walk you through the exciting transition as we get closer to launch.
This next-generation card experience represents our commitment to listening to our members and continuously innovating to provide the most valuable rewards currency in the market.”
From an email sent to members
Bilt announces new Bilt Card 2.0 program; Transitioning away from Wells Fargo
byu/joepasquale inCreditCards
Posted by joepasquale
18 Comments
And with that, the dominoes continue to fall.
I’ll choose between Mesa and Bilt after their announcement in the fall.
I’d much rather pay $95 annual fee to Bilt to gain 1X Bilt points on mortgage payments than having to spend $1000 a month on the Mesa card. A no annual fee with 1X on mortgages with 5-10 monthly transactions would be even better.
Wow the changes keep coming
Kinda nervous about their transition to Cardless, I’ve always been wary about the fintechs and their possibility of ceasing operations
was this in an e-mail? I haven’t gotten it yet ahaha
My favorite looking card.
Sad to see it on a journey to the sock drawer.
Love the mesa vs Bilt mortgage competition. Keeps them sharp and consumers win. Lehgooo
Interesting. At the 495 AF price points, I anticipate there will be a competitor to CSR/Amex Platinum. Probably more of a direct competitor to venture X card. Maybe trying to take away business from people who don’t want to pay $795 for the CSR or whatever anticipated high fee when Amex Platinum gets its refresh.
Bilt has been talking about a mortgage paying program for a while. It would be a perfect time to tie it in with these card announcements.
At least they’re keeping a no AF option. It’s served me well in my Venture X, Savor, and Amex Plat setup.
But I’ve never heard of this new issuer. That gives me a little pause but I guess we’ll have to wait and learn more.
>current cardholders will be seemlessly moved
Grandfathered hopers in *shambles*.
Presumably there’s gonna be a massive nerf in earnings rates on their no annual fee card, if the surveys we took are to be believed. Probably no more 3x dining. Rough times all around.
Any news on mortgage holders?
I bet with the free card would be earning .5x on every $1 spent on rent.
idk which is worse, cardless or wells fargo
What’s the reputation for Cardless?
I actually just applied for the BILT card yesterday and got denied because of the number of cards. I’ve opened this year (3 personal)… was pretty disappointed, but now I’m wondering if that was actually a blessing in disguise lol.
The present card seems like it would be most similar to the $95 card since the present Bilt card is a CSP with a couple tweaks. Hoping that the $0 AF card is something like a catch-all that can transfer through one of the other cards.
Credit card recession