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    Found Bilt 2.0 Card Details

    I found pretty much all of the details about the Bilt 2.0 cards while digging through their website. The card details can be found in a JSON on the Bilt site, but summarizing the details below. My guess is that there's some catch about earning rent points (such as a 3% transaction fee), but these are the multipliers and benefits on the cards. Also commented on doctorofcredit to get the word out more 🙂

    Bilt Blue Card

    Annual fee: $0

    Welcome bonus: $100 Bilt Cash

    Rewards:

    • 4% Bilt Cash on everyday spend

    • 1X points on rent, mortgage, and everyday spend

    Benefits:

    • No foreign transaction fees

    • Neighborhood Benefits program

    • Use Bilt Cash to waive rent and mortgage transaction fees

    Bilt Obsidian Card

    Annual fee: $95

    Welcome bonus: $200 Bilt Cash

    Rewards:

    • 4% Bilt Cash on everyday spend

    • 3X points on dining or grocery (choice of one; grocery up to $25K/year)

    • 2X points on travel

    • 1X points on rent, mortgage, and everyday spend

    Benefits:

    • $100 Bilt Travel hotel credit ($50 every six months)

    • Cellular Telephone Protection

    • Use Bilt Cash to waive rent and mortgage transaction fees

    Bilt Palladium Card

    Annual fee: $495

    Welcome bonus:

    • 50,000 Bilt Points + Gold Status (after $4,000 spend in first 3 months)
    • $300 Bilt Cash

    Rewards:

    • 4% Bilt Cash on everyday spend

    • 2X points on everyday spend

    • 1X points on rent and mortgage

    Benefits:

    • $400 Bilt Travel hotel credit ($200 every six months)

    • $200 Bilt Cash annually

    • Priority Pass

    • Use Bilt Cash to waive rent and mortgage transaction fees

    EDIT: There appear to be some other cards with slightly tweaked multipliers and ways to cover the fee in the code as well. Given that Obsidian and Palladium are listed elsewhere in the code I'm inclined to believe that the first list is the most accurate, but posting for completeness:

    Version 2 (h/t u/TrashCanPeter)

    Bilt Home ($0)

    • 0.5x Rent

    • 1X Everything else

    • 10 transactions to waive fee

    Bilt Everyday ($95)

    • 0.75X Rent

    • 3X Neighborhood Rewards Spend

    • 1.5X Everything else

    • 10 transactions to waive fee

    Bilt Neighborhood ($495)

    • 1X rent

    • 3X Dining

    • 2X Travel

    • 6X Neighborhood Rewards spend

    • 10 transactions to waive fee

    Version 3

    Bilt Home ($0)

    • 0.5X Rent

    • 1.5X Everything else

    • Spend $1,000 in a statement to waive transaction fees on rent and mortgage

    Bilt Titanium ($95)

    • 1X points on rent

    • 5X points on Neighborhood Rewards spend

    • 1X points on all spend

    • Spend $2,000 in a statement to waive transaction fees on rent and mortgage

    Bilt Platinum Card ($495)

    • 1.25X points on rent

    • 2X points on dining

    • 5X points on travel

    • 2X points on Neighborhood Rewards spend

    • Spend $2,500 in a statement to waive transaction fees on rent and mortgage

    Found Bilt 2.0 Card Details
    byu/Same_Performance9439 inCreditCards



    Posted by Same_Performance9439

    View 26 Comments

    26 Comments

    2. Mundane-Cobbler-8908 on

      Dang…50k Bilt points after 4k spend in first 3 months. Does this include rent spending?

    3. TV_Grim_Reaper on

      While this may be correct, there’s got to be more, because those are massive money losers with *just* that information presented.

      And by more, I mean something like spending requirements.

    4. mr-french-tickler on

      >Use Bilt Cash to waive rent and mortgage transaction fees

      I wonder what this means. Is there going to be a transaction fee and the Bilt monopoly cash is supposed to offset it?

    6. notthegoatseguy on

      I still don’t think Bilt has clearly said what Bilt Cash can actually be used for. This will be the sticking point on if this welcome offer is useful or useless.

      Also if they start charging transaction fees for rent/mortgage under the co-branded card, that’s going to be a huge nerf.

    7. HelferNick on

      The “waive” transaction fees, makes me wonder if they will start charging fees.

    8. guyinthegreenshirt on

      Curious what the transaction fee will be for paying rent with the Bilt card. Clearly their goal with Bilt Cash is to use it as a more advanced version of the “five transactions per billing cycle” mechanism.

    9. oberwolfach on

      I suppose the paradigm they are going for now is passing through transaction fees for rent and mortgage payments, and allowing you to offset them with Bilt Cash earned from spending. That seems like a natural way to incentivize spending on the cards without explicitly setting a minimum number of transactions or minimum purchase volume. Assuming the transaction fee rate is about 3%, you’d need non-rent or mortgage spend of about 75% your rent or mortgage to fully offset.

    10. Adventurous-Bad2072 on

      I will definitely miss Bilt 1.0 can’t believe the no AF will just be a 1X card

    11. jeprose on

      This might be incorrect, but I think that their strategy is going to be that they’ll now charge fees for rent transactions (3% or so). Those fees can be waived with only Bilt Cash that you earn at a rate of 4% on all of your other spend for the $0 fee card. So you’ll only be able to actually make money on rent if you’re spending a ton on the card to earn enough Bilt Cash to waive the fees.

    12. Fluid_Fee_6786 on

      If your rent is $1000, the Bilt$200 SUB + Bilt$160 from $4000 spend will cover the entire year’s transaction. Every additional $1000 rent, you need additional $9000 annual spend.

    13. Fluid_Fee_6786 on

      You have to spend big to get “free” rent points. But the $95 card might work out for people who can max out $25k in grocery or dinning. With $25k spend, you get $1000 Bilt cash. Plus $200 SUB, it is enough to cover $40k annual rent’s transaction fee for the first year. Basically you get 3*25k+40k = 115k points for the $25k spend.

    15. Cyberhwk on

      Wouldn’t this just make Atmos the obvious choice of you like Alaska points? If every card is being charged a fee, why would you choose any other card than the one that gets you 3x on Rent?

    16. azure275 on

      How is the mechanism for mortgages going to be set up? For instance, I have no CC option to pay.

      Will they be the ones charging a transaction fee to handle this?

      One interesting thing is the lack of rewarding booking through the BILT portal. Typically issuers motivate portal booking through bonus points i.e. even Chase Freedoms do. This just looks like “use it for the credits and nothing else”

    18. BeneficialAnywhere62 on

      The 495 one might be awesome. What if you don’t pay rent and mortgage. You get 2X points and 4% bilt cash on everyday spend. And the credits that cover the fee… you are getting a lot back. Am I wrong with this logic?

    19. Electr0kinetic on

      What I’m curious about is how this speculated shift to “earn Bilt cash to offset rent fees” will affect people like me who pay via a mailed check.

      It’s one thing to say, “Ok, we aren’t simply eating an existing 3% online transaction fee anymore unless you spend enough to make it worth our while,” but it’s another thing entirely if they start imposing their own 3% processing fees to mirror online systems. For a rent of $2k, that would be a $60 charge to simply print out and mail a check, which can’t cost them more than a couple bucks.

      I’m sure they are going to do something to increase the reliance on “Bilt cash” & deter more people moving to checks, but I’m going to be pissed if they discontinue that option entirely.

    20. Cautious-Island8492 on

      I wonder what the Priority Pass on the $495 card will be. If it is unlimited access including restaurants like the BOA Premium Rewards Elite, that could be interesting.

    21. Amaized on

      If this ends up being true, this is DOA for me.

      Bummer! Guess they needed to make a more sustainable model. Not worth the hassle for high rents/mortgages

    22. rajuabju on

      If true (and I am thinking yes), then this is even worse than I had predicted. Oof. But I get it, points on rent never really made long-term financial sense. They need a way to recoup their out of pocket costs.

    24. yoursunny on

      My rent is $1032/month.

      If I use Bilt:

      * The transaction fee at 3% would be $30.96.
      * I would have to spend $774 to offset the above transaction fee.
      * I would earn 1806 Bilt points in total.
      * [FrequentMiler RRV](https://frequentmiler.com/reasonable-redemption-values-rrvs/) for Bilt is 1.55cpp, so that these points are worth $27.99.

      If I pay rent with FutureCard Visa Debit:

      * RentCafe charges $3.99 for up to $999 and $4.99 for up to $1999. I usually pay $1098 in one month and $999 in next two months. The average fee over three months is $4.32.
      * I would earn $10.36 cashback on the debit card. Subtracting the fee, it is $6.04.
      * In most months, I have $300 non-category spend usually on Active Cash and the rest usually on 3% cards. The $774 spend would earn $20.22 cashback using 2~3% credit cards.
      * The total earning for rent and $774 spend is $26.26.

      Not worth it.

    25. cimoi on

      What I’m trying to understand is: why should I even use my “Bilt Cash” to offset the fee on rent? Is it not better to stop considering this a rent card, as it’s now a travel/lifestyle card? I feel like I’m better off using the Bilt Cash as a travel credit and calling it a day. I don’t understand why one would spend $30 of Bilt Cash/travel credit to get just 1000 points?

    26. ludog1bark on

      Damn, and they say amex plat and CSR has a lot of mental gymnastics. I’m still waiting for Bilt to be announced, but if this information is correct, the new Bilt cards are going to be a big disappointment.

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