Bilt Card 2.0: Earn Points on Mortgage Payments Starting February 2026

All information about the Bilt Mastercard® has been collected independently by AskSebby.com.

Bilt Rewards just dropped major news for cardholders: starting February 7, 2026, you'll be able to earn Bilt points on eligible mortgage payments, regardless of who your mortgage is with. This game-changing feature is part of the upcoming Bilt Card 2.0 launch, which will offer three card tiers and transition from Wells Fargo to Cardless as the issuing partner.

If you're not interested in getting another credit card, you can still join the Bilt Rewards program to earn points. Enjoy exclusive Neighborhood Benefits™ at local restaurants, fitness studios, on Lyft rides, and more, making your neighborhood even more rewarding.

What's Changing: Bilt Card 2.0 Overview

Three New Card Tiers Coming

In early January 2026, Bilt will reveal details on three new card options:

• No annual fee card
• $95 annual fee card
• $495 annual fee card

The premium tiers will likely offer enhanced earning rates on mortgage payments, though exact details haven't been announced yet.

Key Launch Timeline

• November 5, 2025: Applications closed at noon ET
• Early January 2026: Card details announced; existing cardholders select their new card
• February 7, 2026: Official Bilt Card 2.0 launch date

How the Card Transition Works

The Transition Process

Bilt hopes to have a smooth transition for existing cardholders:

What Stays the Same:

• Your card number remains identical
• All autopay and subscriptions continue without interruption
• Digital wallets (Apple Pay, Google Pay) auto-update
• Your Bilt points balance transfers completely
• No hard credit inquiry when selecting your new card

What Changes:

• New issuer: Cardless replaces Wells Fargo
• New feature: Earn points on eligible mortgage payments
• New card designs with three-tier options

Selecting Your New Card

In early January 2026, current cardholders will:

1. Review the three new card options and their benefits
2. Select their preferred card through the Bilt app
3. Undergo a soft credit pull for approval (no impact on credit score)
4. Receive their new card before the February 7 launch

Mortgage Points: The Game-Changing Feature

What We Know About Mortgage Rewards

Starting February 7, 2026, Bilt cardholders can earn points on eligible mortgage payments to any mortgage provider. This expands beyond Bilt's original rent-payment model.

What we don't know yet:

More details will be announced in early 2026. Here's what we don't know yet:

• Monthly earning caps on mortgage payments
• Whether the current monthly spending requirement changes
• Eligible mortgage types and providers

What Happens to Your Wells Fargo Bilt Card?

Your Options for the Old Card

When you transition to Bilt Card 2.0, you have two choices for your existing Wells Fargo Bilt Mastercard:

Option 1: Close the Wells Fargo account

• Transfer any remaining balance to your new Bilt Card 2.0 (subject to approval)
• Close the old account completely

Option 2: Keep the Wells Fargo account

• The account automatically converts to a Wells Fargo Autograph Visa card
• You'll receive a new card number
• You'll have both cards in your wallet

Important Note: Cardless Isn't Buying the Wells Fargo Portfolio

Unlike typical card issuer transitions, Cardless is not purchasing the existing Wells Fargo accounts. This means your old Wells Fargo relationship remains separate from your new Bilt Card 2.0.

Critical: How This Affects Your 5/24 Status

The New Account Problem

Here's the biggest concern for credit card enthusiasts: The Bilt Card 2.0 will appear as a new account on your credit report, which could impact your Chase 5/24 status.

Key Facts:

• No hard credit inquiry (good news)
• But it counts as a new account opening (bad news for 5/24)
• This applies whether you close or keep your old Wells Fargo card
• The new account appears even though your card number stays the same

Will It Actually Count Toward 5/24?

There's conflicting information here. Based on similar card transitions in the past, some users report that:

• The account may retain its original opening date
• It might show as your existing card with a continued history
• Chase may not count it as a "new" card for 5/24 purposes

Our Take: Until we see data points after February 7, 2026, assume it will count as a new account for 5/24. If you're planning Chase card applications in 2026, this is a crucial consideration.

Bottom Line

The Bilt Card 2.0 represents a significant evolution in the rewards credit card space, potentially making mortgage payments, one of the largest monthly expenses for most people, actually rewarding. However, the value proposition depends entirely on:

1. The announced earning rates for each tier
2. Any monthly caps on mortgage earnings
3. The annual fee justification for premium tiers
4. Your specific mortgage payment amount
    

For existing cardholders: Wait for the January 2026 announcement before committing to a higher annual fee tier.

For those considering applying: Applications are closed until February 7, 2026. Use this time to evaluate whether the mortgage-earning feature makes sense for your situation.

For Chase 5/24 watchers: Be aware that this will likely count as a new account. Plan your credit card application strategy accordingly.
 

Stay tuned for updates in January when Bilt reveals the full details of all three card tiers and earning structures.