Bilt Credit Card 2.0: How Bilt Works and Which Card to Get

You pay rent, a mortgage, or HOA through Bilt. The payment adds no transaction fee, and there is no annual cap. You can pay more than one property. If you never choose a rewards option, the account defaults to Housing-only. You cannot earn both options in the same cycle.

Housing-only scores the billing cycle after it closes. Everyday spend posted that cycle is divided by housing payments posted that cycle. The card terms chart, using a $2,000 housing payment, is:

• At least 25% and under 50% of housing ($500 of spend) earns 0.5x, or 1,000 points.
• At least 50% and under 75% ($1,000) earns 0.75x, or 1,500 points.
• At least 75% and under 100% ($1,500) earns 1x, or 2,000 points.
• 100% or more ($2,000) earns 1.25x, or 2,500 points.

Under 25%, there is no multiplier. The primary cardholder still gets 250 points if at least one housing payment posted and the account is in good standing. Authorized users do not each get their own 250. Returns that post later reduce the current cycle's spend. This option earns no 4% Bilt Cash.

Flexible Bilt Cash earns 4% Bilt Cash on everyday spend instead. Housing itself does not earn Bilt Cash. Every $3 of Bilt Cash unlocks 100 points, and you cannot unlock more than 1 point per $1 of that housing payment. $30 covers $1,000 of housing at 1x. Unused Bilt Cash stays for the other redemptions in the Bilt Cash terms. You do not get the 1.25x tiers in this mode.

On Housing-only, the primary cardholder and authorized users pool spend and housing payments to set the ratio. On Flexible Bilt Cash, an authorized user redeems their own Bilt Cash against their own housing payment. The primary cardholder chooses which account receives those points.

Bilt Cash is not cash back. This site's calculator values it at $0.75 per $1 unless you change that.

Housing of $2,000 posts on April 5. Everyday spend from March 28 through April 27 is $1,500. The ratio is 75%, the 1x tier, so that payment earns 2,000 points after the statement closes. It does not earn 1.25x, because 1.25x starts at 100%.

Raise everyday spend to $2,000 in the same cycle and the ratio hits 100%. The chart pays 1.25x, or 2,500 points. Twelve identical months are 30,000 housing points, worth $660 at 2.2 cents, before points on the everyday spend itself.

Pair that $2,000 payment with only $400 of card spend and you miss the 25% tier. The multiplier is 0 and the primary cardholder gets the 250-point floor once for the whole account.

Same $2,000 housing payment and $1,500 of everyday spend. Flexible Bilt Cash earns 4% of $1,500, which is $60. At $3 per 100 points, $60 unlocks 2,000 points, the 1x cap, and spends the whole $60. You finish with 2,000 housing points and no leftover Bilt Cash.

Housing-only on that month is also 2,000 points, because $1,500 is the 75% tier. The two options tie. The split shows up when spend crosses the housing payment. At $2,000 of everyday spend, Housing-only pays 2,500 points and no Bilt Cash. Flexible earns $80, spends $60 to unlock 2,000 points, and keeps $20. Over twelve identical months, with $0 of hotel credit, the calculator values Blue at $1,188 on Housing-only and $1,236 on Flexible Bilt Cash.

If you will spend leftover Bilt Cash on partner credits you actually use, it can beat the extra 0.25x. If you will not, take the points.

Transfer after you have a flight or hotel to book. Bilt's help article says transfers are not reversible, most post immediately, Southwest can take up to 72 hours, and the minimum is 2,000 points at Blue status or 1,000 at Silver, Gold, or Platinum, in 1,000-point steps.

World of Hyatt is still 1:1 on the public list. A cut to 4:3 on January 1, 2027 is reported by The Points Guy, not printed there. The Hyatt transfer ratios page puts Bilt next to the Chase cards. For flights, the useful 1:1 options are Air Canada Aeroplan, United MileagePlus, Air France/KLM Flying Blue, Atmos Rewards (Alaska and Hawaiian), Southwest Rapid Rewards, British Airways Executive Club, and JAL Mileage Bank. The table below has the best use for each.

Two ratios punish a habit transfer. Accor Live Limitless is 3:2, so 3,000 Bilt points become 2,000 Accor points. Amtrak Guest Rewards is 2:1, so 2,000 Bilt points from a 1x housing month become 1,000 Amtrak points. Use Amtrak when the train fare is the trip you already want. I Prefer goes the other way, 1:2, and only helps if you have a Preferred Hotels stay priced in those points.

The rest of the 26, including partners skipped here, is on transfer partners.

Bilt status is Blue, Silver, Gold, or Platinum. The partner article uses status for the transfer minimum: 2,000 points at Blue status, 1,000 at Silver, Gold, or Platinum. It does not publish a spend chart for earning each tier, so this page does not invent one. Palladium's welcome offer includes Gold after $4,000 of non-housing spend. The card terms say that status lasts the rest of the year you earn it, the next calendar year, and through January 15 of the year after that. Gold earned in 2026 runs through January 15, 2028.

Rent Day is the 1st, from 12:00 am Eastern through 11:59 pm Pacific. From March 1, 2026 through January 1, 2027, the card pays one bonus point on top of the base rate for eligible everyday purchases. Housing, taxes, and many third-party bill-pay charges are excluded. The bonus caps at 1,000 points per rewards account per month. On Blue the 1st can pay 2x instead of 1x until that cap. On Palladium the terms describe 4x that day on non-housing purchases (2x base plus 2x bonus), again until 1,000 bonus points.

A Rent Day transfer bonus is a different offer every month. September 2026's terms included a Virgin bonus that scaled with status. That sheet does not set October or November. Read the current month before you move points for a bonus.