Bilt Card 2.0: What We Know So Far

If you’re a fan of miles and points (and I mean… I hope you are 🙂), you may already love how Bilt lets you earn rewards on rent.

Well, the next version of the card (dubbed Bilt Card 2.0), is dropping February 7, 2026, and comes with a few new features. Whether you’re a renter, prepping to buy a home, or just love a good card update, this one’s worth a few minutes of your time.

Let’s walk through what’s changing, what we still don’t know, and what this means for current cardholders (spoiler: there’s some fine print to watch out for).

What’s Changing with Bilt Card 2.0

Bilt confirmed that the ability to apply for the current “Wells Fargo” Bilt Mastercard has ended as of November 5, 2025.

In early January, the company will reveal full details on its three new cards, which are expected to include:

• A no-annual-fee card (similar to the current version)

• A mid-tier premium card

• And a high-end premium card, rumored to have some additional perks

Once the actual details drop, current owners of the Bilt Card will get to choose which version they want to transition to — with only a “soft credit pull” (nice!).

What the Bilt Transition Looks Like

When Bilt 2.0 launches in early 2026, you’ll be able to pick your new card. Once you do, everything rolls over automatically on February 7.

Here’s the good news:

• Your card number won’t change, so autopays and subscriptions should keep running smoothly

• Apple Pay and Google Pay will update automatically

• Your Bilt app and points balance move right over (no points lost)

• No hard credit pull is required for current cardholders who make the switch

Ok, now for the “meh” part:

If you don’t choose one of the new Bilt 2.0 cards, your current Wells Fargo Bilt Card will automatically become a Wells Fargo Autograph® Card, which won’t earn Bilt Points and will come with a new card number.

Even if you do upgrade, your existing Bilt account will still convert to a Wells Fargo Autograph unless you close it. You can transfer your balance to your new Bilt 2.0 Card (if approved), but you’ll end up with two separate accounts:

• A new Bilt 2.0 Card that earns Bilt Points

• A converted Wells Fargo Autograph that doesn’t

So yes… technically you’ll need to re-apply to stay in the Bilt ecosystem, but it’s an easy, “soft-pull” process.

Before and after launch day, it’s worth taking a few minutes to double-check your autopays and payment settings. Everything should transfer automatically, but a quick once-over can save you from any sucky “payment declined” situation.

You Can Soon Earn on Mortgages

Bilt is expanding from “rent rewards” to “home rewards.”

With Bilt Card 2.0, you’ll be able to earn Bilt points on eligible mortgage payments, regardless of who your mortgage is with.

We don’t know the exact earning rates or limits yet, but this shift opens the door for homeowners (and future homeowners) to keep earning Bilt Points long after the renting years are over. It’s honestly a clever move and one that could make Bilt an even bigger player in the rewards space.

Is this going to unlock millions of points for everyone? Probably not. There will almost certainly be caps, rules, and fine print once we hear the deets. But structurally, shifting Bilt from “rent only” to “housing” in a broader sense is a big move.

What We Still Don’t Know

Some key details are still under wraps until January, including:

• The exact earning rates and caps for rent, mortgages, dining, and travel

• Each card’s exact benefits

• Whether we’ll see launch bonuses or early-member incentives

• Any updates to Bilt’s transfer partners or redemption options

Until then, all signs point to a “seamless” but slightly complicated transition, with some meaningful upgrades to the Bilt program overall.

So, what should you do now? Short answer: not much.

• Keep using your current Bilt Card as normal through early February.

• If you want to keep earning Bilt Points, you’ll need to apply for one of the new cards. Otherwise, your Wells Fargo account will convert to a Wells Fargo Autograph that won’t earn points.

• Watch for the January announcement to pick your new Bilt Card 2.0 tier.

• Think ahead about your spending profile. If you’re planning to buy a home soon, those new mortgage-earning options could make a higher-tier card worth it.

My Take

Bilt 2.0 simply means that the Bilt program is growing up.

The first version was proof that you could earn points on rent and redeem them for pretty decent travel value. The second version seems like a great expansion to that, and should reach a wider audience, whether you’re rocking an apartment, a house, or somewhere in between.

I’d keep using your current Bilt Card and rack up points as usual for now. Once the full lineup drops in January, that’s when we’ll dive deeper into which new card is right for you (and whether Bilt’s premium tiers are worth the jump).

Until then? Keep earning on rent while you can — and get ready to earn on your mortgage next.