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Bilt Card 2.0: Earn Rewards on ANY Mortgage Starting February 2026
July 1, 2025
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The information for the Bilt Mastercard® has been collected independently by Kudos. The card details on this page have not been reviewed or provided by the card issuer.
Paying your mortgage just became a rewards opportunity. Bilt is launching three new credit cards in February 2026 that let you earn points on mortgage payments with ANY lender—a first-of-its-kind benefit that could transform how homeowners think about their biggest monthly expense.
If you're currently a Bilt cardholder or considering becoming one, here's everything you need to know about this groundbreaking change and whether it's worth pursuing.
What's Changing with Bilt Card 2.0
On February 7, 2026, Bilt will launch three new credit cards through banking partner Cardless, replacing the current Bilt Mastercard® (See Rates & Fees) issued by Wells Fargo. The headline feature: earning Bilt Points on eligible mortgage payments, regardless of your mortgage lender.
Key Details:
- New applications close: November 5, 2025 at noon EST for the current Wells Fargo version
- Launch date: February 7, 2026 for all three new Bilt Card 2.0 options
- Transition: Current cardholders keep the same card number (seamless transition)
- Credit check: Only a soft pull required if you're already a Bilt cardholder switching to one of the new cards
Three new card options will be announced in January 2026, each designed for different spending profiles. Current cardholders will select which version best fits their needs.
The Math: How Much Could You Actually Earn?
Let's run the numbers on what mortgage rewards could mean for your wallet.
Scenario 1: $2,500/Month Mortgage Payment
Assuming 1 point per dollar spent (similar to Bilt's rent earning structure):
- Monthly earning: 2,500 Bilt Points
- Annual earning: 30,000 Bilt Points
- Value when transferred to travel partners like World of Hyatt (1.7 cents per point): $510/year
Scenario 2: $1,800/Month Mortgage Payment
- Monthly earning: 1,800 Bilt Points
- Annual earning: 21,600 Bilt Points
- Value when transferred to airlines like United (1.5 cents per point): $324/year
Break-Even Analysis: Unlike competing cards with annual fees, Bilt charges $0 annually. There's no break-even point to calculate—you're immediately ahead from the first mortgage payment.
Compare this to leaving rewards on the table: if you pay $2,000/month toward your mortgage ($24,000/year) without earning anything, you're missing out on 24,000 points worth approximately $360-$408 in travel value annually.
Current Bilt Mastercard® Benefits Worth Knowing
Before the 2026 transition, the existing Bilt Mastercard already offers compelling benefits:
[[ SINGLE_CARD * {"id": "2990", "isExpanded": "true", "bestForCategoryId": "52", "bestForText": "Renters", "headerHint" : "Rewards on Rent Payments" } ]]
These developments demonstrate Bilt's commitment to creating a comprehensive housing rewards ecosystem. The company has positioned itself as an innovator in helping people earn rewards on their largest monthly expenses.
For current members, these expansions provide additional value beyond the core rent payment rewards. The ability to earn points on home purchases and redeem them for down payments creates a pathway from renting to homeownership within the same rewards program.
Should You Apply for Bilt Card 2.0?
Apply if you:
- Pay a mortgage of $1,500+ monthly and want to maximize that unavoidable expense
- Currently rent but plan to buy a home within 1-2 years
- Travel at least twice per year and value flexible transfer partners
- Want a no-annual-fee card that complements premium travel cards
Hold off if you:
- Already have the current Bilt Mastercard
- Don't travel much and prefer simple cash back
- Have a mortgage under $1,000/month
- Want immediate access
How the Application Process Will Work
For New Applicants (February 2026):
- Wait for the official February 7, 2026 launch
- Review the three card options announced in January 2026
- Apply through bilt.com/card
- Expect a hard credit inquiry (standard for new applications)
- Link your mortgage information to start earning
For Current Bilt Cardholders:
- Receive card option details in January 2026
- Choose your preferred Bilt Card 2.0 version
- Complete soft credit pull (doesn't impact credit score)
- Card arrives before February 7 with the same card number
- All autopay settings, Apple Pay, and Google Pay update automatically
Your current Bilt Points transfer to the new card, and any existing balance can be transferred (subject to approval).
How Bilt Compares to Competing Mortgage Rewards Cards
Bilt isn't the only option for earning on mortgage payments. Here's how it stacks up:
Bilt Mastercard® vs. Mesa Homeowners Visa® Signature Credit Card
[[ SINGLE_CARD * {"id": "14042", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "No Annual Fee Seekers", "headerHint": "3x on Home Improvement and Utilities"} ]]
Key Difference: Mesa's transfer partners currently exclude all U.S.-based airlines, while Bilt partners with United, American, Alaska, and Southwest.
Bilt Mastercard® vs. Chase Sapphire Preferred® Card
[[ SINGLE_CARD * {"id": "509", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Frequent Travelers", "headerHint": "Exceptional Travel Value"} ]]
Pros and Cons: The Honest Assessment
Transparent Advantages:
- First card to offer mortgage rewards on any lender
- $0 annual fee means no break-even calculation needed
- Rent AND mortgage coverage makes it valuable whether you're renting or own
- Strong transfer partner network including United, Hyatt, and American Airlines
- Down payment redemption at 1.5 cents per point creates a pathway from renting to homeownership
Realistic Limitations:
- 5-transaction requirement to earn points each statement period
- Travel transfer focus means limited value if you don't trave
- Details still pending on exactly how mortgage payments will be processed
- Three card options may create decision paralysis
- February 2026 wait for new applicants while current cardholders transition first
Specific Consideration: If you pay $2,000/month toward your mortgage but only travel once per year domestically, the 24,000 annual points might sit unused. In this case, a simple 2% cash back card would deliver $480 in straight cash versus points you may not redeem.
Action Steps: What to Do Right Now
If you're currently a Bilt cardholder:
- Watch for January 2026 communication about the three new card options
- Evaluate which of the three cards matches your spending profile
- Select your preferred option when prompted (no deadline rush—transition is seamless)
- Verify your card number remains the same on February 7, 2026
If you're interested in applying:
- Sign up for early access notifications at bilt.com/card
- Review your monthly mortgage payment to estimate earning potential
- Check your current credit score (Bilt typically approves scores of 670+, though requirements may vary by card version)
- Mark February 7, 2026 on your calendar for application day
- Consider opening the current version before November 5, 2025 at noon EST if you want to guarantee access before the transition
If you're a homeowner evaluating options:
- Calculate your annual mortgage total (monthly payment × 12)
- Multiply by expected earn rate (likely 1X = 1 point per dollar) to estimate annual points
- Value those points based on your redemption preference:
- Travel transfers: 1.5-1.7 cents per point
- Cash back: 1 cent per point
- Compare to your current card's earning (likely $0 on mortgage payments)
- Decide if the $300-$500 annual value justifies adding another card to your wallet
Frequently Asked Questions
When exactly can I apply for the new Bilt cards?
New applications open February 7, 2026. Current Bilt Mastercard® holders can select their new card version in January 2026, and it will arrive before the February launch.
Will I need a hard credit pull if I already have a Bilt card?
No. Current Bilt cardholders only need a soft credit pull (which doesn't impact credit score) to switch to one of the three new Bilt Card 2.0 options.
Can I earn points on mortgages from any lender?
Based on current announcements, yes—Bilt Card 2.0 will allow earning on eligible mortgage payments regardless of your mortgage lender. Specific eligibility details will be announced in January 2026.
What's the earning rate for mortgage payments?
Bilt hasn't officially disclosed the exact earning rate yet. Based on their rent payment structure (1 point per dollar up to 100,000 points annually), mortgage earning will likely follow a similar model.
What happens to my current Bilt Mastercard?
Current Wells Fargo Bilt Mastercard holders can choose to: (1) switch to one of the three new Bilt Card 2.0 options with the same card number, (2) close the account, or (3) convert to a Wells Fargo Autograph® Card with a different card number.
Do my Bilt Points transfer to the new card?
Yes. Your existing Bilt Points transfer when you switch to one of the new card options.
Will my credit card number change?
No. Current cardholders keep the same card number when transitioning to Bilt Card 2.0, so autopay settings and digital wallets (Apple Pay, Google Pay) will update automatically.
Is there still a 5-transaction requirement?
The current 5-transaction minimum to earn points each statement period applies to the existing card. Requirements for the three new Bilt Card 2.0 options will be detailed in January 2026.
Bottom Line: A Game-Changer for Homeowners
Bilt's expansion into mortgage rewards represents a genuine innovation in the credit card space. For years, mortgage payments—often the largest monthly expense—have been a rewards dead zone. That changes in February 2026.
The math is compelling: a homeowner with a $2,000 monthly mortgage could earn $360-$408 in annual travel value from an expense they're already paying. With no annual fee and no break-even calculation needed, Bilt Card 2.0 becomes an obvious addition to most homeowners' wallets.
The 5-transaction requirement keeps the card active, but for anyone who uses their credit card for groceries, gas, or dining out, meeting this threshold is effortless.
The biggest opportunity: Bilt creates a complete housing rewards ecosystem. You earn on rent while saving for a home, redeem points toward your down payment at 1.5 cents per point, then continue earning on mortgage payments after you buy. No other program offers this complete journey.
Timing matters: Current Bilt cardholders get first access with just a soft credit pull. If you've been considering Bilt, applying before November 5, 2025 at noon EST guarantees your spot before the transition.
For homeowners looking to extract value from their largest monthly expense, Bilt Card 2.0 is worth serious consideration when applications open in February 2026.
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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