Big changes are coming to one of the most talked-about credit cards for renters. 

Bilt Rewards has announced the launch of new Bilt credit cards in early 2026, introducing a three-tier lineup designed to match different lifestyles and spending habits. 

From renters to homeowners, Bilt is expanding its rewards strategy – adding new perks, higher-earning potential, and even points for mortgage payments.

This is more than a product update. 

It marks the start of a new era for Bilt, one where users can keep earning across every stage of their housing journey.

Three New Bilt Credit Cards, One Unified Ecosystem

In February 2026, Bilt will release three new credit cards:

• No-Fee Card: Perfect for renters who want to earn points on rent and daily purchases with no annual cost.
• Mid-Tier Premium Card ($95 annual fee): Designed for travelers and point maximizers seeking extra benefits and elevated earnings.
• Premium Card ($495 annual fee): Built for luxury seekers who want premium travel perks, elite status, and high-end rewards.

All three Bilt credit cards will continue the signature Bilt Rewards feature: earning points on rent without transaction fees. But now, some versions will also allow members to earn points on mortgage payments, which is a first in the world of rewards credit cards.

Earn Points On Mortgage Payments

The biggest headline from this announcement is the ability to earn rewards on mortgage payments. 

This update gives Bilt a unique position in the credit card market, helping members transition from renting to owning without losing earning power.

While exact earning rates have not been released, Bilt confirmed that certain cardholders will be able to earn points on their mortgage through dedicated partnerships. That means users can build points during every phase of their housing journey, from first apartment to forever home.

The End Of The Wells Fargo Partnership

Bilt is also parting ways with Wells Fargo, the current issuer of the Bilt Mastercard. 

The new cards will be issued through Cardless, a tech-forward credit card platform known for custom rewards programs. This move gives Bilt more control over its product development and a more flexible platform for future updates.

Cardless will bring faster rollout timelines, deeper app integration, and better overall user experience. The goal is to create a seamless ecosystem where spending, rewards tracking, and redemption all live in one place.

No Action Needed For Current Cardholders

If you already have the Bilt Mastercard, there is no need to worry. 

Bilt will handle the transition to the new Bilt credit cards automatically. When the new lineup launches in February 2026, existing users will be moved to one of the new cards without losing any earned points.

More details about the rewards structure, benefit tiers, and card features will be released in early fall 2025. 

Bilt has emphasized a smooth and user-friendly transition process.

Funding And Future Growth

The new Bilt credit card strategy is backed by a $250 million funding round, boosting its total valuation to $10.75 billion. This capital will help the company scale its rewards program, enhance travel benefits, and support the new mortgage payment feature.

One of the key investors is a large mortgage lender, which will likely play a major role in how mortgage rewards are implemented across the card portfolio.

What To Expect Next

As the 2026 launch approaches, Bilt users can expect to see:

• Full earning rate disclosures
• Updated benefit breakdowns by card tier
• Improved travel protections and transfer partner updates
• Expanded in-app features for payment and redemption

Bilt will begin releasing more details in early fall 2025, giving members time to choose the card that best fits their needs.

Final Thoughts

The new Bilt credit cards are more than a refresh – they represent a full evolution of the platform. 

With options for every type of spender, rewards for both rent and mortgage payments, and a strong travel ecosystem, Bilt is creating a complete housing and travel rewards strategy. For renters, travelers, and future homeowners, this new lineup offers powerful new ways to earn.

It will also be interesting to see how the upcoming Bilt premium card stacks up against other high-end options – especially the new Citi Strata Elite card – which is also targeting travelers with luxury perks and top-tier earnings. 

With both programs launching major updates, 2026 could shape up to be one of the most competitive years yet for premium travel credit cards.

Kevin Zanes