If you have not determined what to do together with your Bilt Mastercard®, Bilt has prolonged the deadline to Feb. 1; the earlier cutoff date was Jan. 30.
Now, Feb. 1 is the final day to seamlessly transition out of your previous card to a brand new one from the Bilt 2.0 portfolio. Whereas there’s quite a bit to soak up round Bilt’s 2.0 cards, its tiered system for earning points on rent or mortgage payments and its new rewards currency, don’t be concerned — you do not have to have all of it discovered simply but.
Let’s check out the important thing selections to make by tomorrow and what’s going to occur when you do not take motion.
The knowledge for the Bilt Mastercard has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
Feb. 1 is the ultimate day to pick a brand new Bilt card
Per Bilt’s website, present Bilt cardholders have till Feb. 1 at 11:59 p.m. PST to seamlessly transition their previous card to 1 from Bilt’s slate of three new Bilt 2.0 choices issued by Cardless.
Which means you will have the chance to decide on a brand new card and not using a arduous inquiry exhibiting up in your credit score report and preserve the identical card quantity. Conveniently, Apple Pay and Google Pay will routinely refresh together with your new Bilt Card 2.0 particulars after you transition, and you will even have the chance to routinely switch your stability out of your previous card to your new one.
You may select your new card by going to bilt.com/card or by the Bilt app.
If you happen to do not choose by Feb. 1, your Wells Fargo-backed Bilt Mastercard might be routinely transformed to the Wells Fargo Autograph® Card (see rates and fees). The Autograph Card has no annual payment, nevertheless it won’t embrace a welcome bonus for transformed cardholders.
You may as well select to shut your Bilt/Wells Fargo account and decide to not transition to a Bilt Card 2.0, ending your Bilt card membership altogether. If you happen to take this route, you will nonetheless have the ability to hold your present factors and use the Bilt Rewards ecosystem, even when you do not have a Bilt card.
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It is possible for you to to make use of your Bilt Card 2.0 or transformed Autograph Card beginning Feb. 7.
Associated: Current Bilt cardholders: Key dates and deadlines as Bilt transitions to new card options
Which card do you have to choose?
Bilt launched three new choices for cardholders:
Whereas all these playing cards have the flexibility to earn factors on lease or mortgage, what number of you earn is determined by how a lot you spend and which of the 2 choices (Bilt Money* or the tiered system) you choose for structuring your housing rewards every month.
The excellent news is, with the Bilt 2.0 playing cards not activating till Feb. 7, you needn’t make that alternative simply but — and even when you do, you may commute between the 2 choices every month.
After all, when you’re nonetheless feeling overwhelmed when the time comes, you may also select to not use your Bilt card on lease or mortgage funds for now and nonetheless get tons of worth from whichever card you choose. TPG values Bilt Rewards Factors at 2.2 cents per level per our January 2026 valuations — increased than another loyalty foreign money. Whether or not you are incomes 2 factors per greenback spent on on a regular basis bills with the Palladium, 3 factors per greenback spent on groceries with the Obsidian (as much as $25,000 spent annually, then 1 level per greenback) and even simply 1 level per greenback spent on purchases with the Blue, you are incomes factors that switch to an enormous listing of top-tier airline and resort companions, together with Alaska Airlines Atmos Rewards and World of Hyatt.
*As much as $100 of Bilt Money earned rolls over to the subsequent yr.
Associated: Should you pay your rent with Bilt? We crunch the numbers
Must you hold your Wells Fargo account open?
Whether or not or not you resolve to transition to Bilt 2.0, if you wish to, you may hold your Wells Fargo account open and obtain a Wells Fargo Autograph Card with the identical charges and charges as your present Wells Fargo Bilt Mastercard.
When you will not have the chance to earn a welcome supply on the Autograph, going this route will get you entry to the winner of the TPG award for No-Annual-Fee Credit Card of the Year with out including a tough inquiry in your credit score report.
Personally, I am planning to maintain my account open. The Autograph has entry to a brief however helpful listing of transfer partners, together with British Airways Club, Air France-KLM Flying Blue and Virgin Atlantic Flying Club. Plus, there isn’t any minimal switch quantity, which means you can also make transfers as small as 1 level — an ideal characteristic for topping off your stability whenever you’re simply shy of what you will have to ebook a particular award.
To be taught extra in regards to the Wells Fargo Autograph, take a look at our full review.
Backside line
If you wish to guarantee a clean and interruption-free transition to Bilt 2.0, you will want to decide on between the three new card choices by Feb. 1. Whether or not or not you might have your housing fee technique discovered, holding a Bilt card in your pockets solidifies quick access to probably the most worthwhile factors on the market.
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