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Credit Cards / Credit Card News
Bilt Rewards is launching Bilt Card 2.0 in February 2026, transitioning from Wells Fargo to Cardless as the issuer. The new lineup includes three cards with varying annual fees and the groundbreaking ability to earn points on mortgage payme...
The Bilt Card 2.0 represents a major evolution of the Bilt Rewards program, shifting its issuer to Cardless and introducing a tiered card structure. The most notable change is the ability to earn points on mortgage payments, a unique feature in the credit card landscape. This move positions Bilt as a valuable tool for homeowners, expanding its appeal beyond renters.
The transition process is designed to be user-friendly for existing cardholders. They can choose one of the three new cards without undergoing a hard credit pull, and their card number will remain the same, minimizing disruption to their payment routines. Those who prefer not to switch to Cardless have the option to convert their Bilt Mastercard into a Wells Fargo Autograph Visa.
However, prospective cardholders who missed the November 5 deadline will have to wait until February 2026 to apply for the new Bilt cards. This gap in new applications could impact Bilt's growth, but the company seems confident that the new card features and mortgage rewards will drive significant demand upon relaunch.
**Impact on Credit Scores:** For existing cardholders, the transition to Cardless may appear as a new card on their credit report, potentially affecting their Chase 5/24 status (the number of new credit cards opened in the past 24 months). However, converting to an Autograph Visa might not have the same impact, according to user feedback.
**Why This Matters:** The ability to earn points on mortgage payments is a game-changer. For homeowners, this offers a new way to accumulate rewards on a significant monthly expense. The seamless transition process for existing cardholders also ensures a smooth user experience.
If you don't select a card, Bilt will provide a default option, though the specifics of that option are still unconfirmed. It may be conversion to a zero-annual-fee card or conversion to an Autograph Visa with Wells Fargo.
Bilt has been contacted for confirmation on whether existing credit limits will remain the same after the transition.
Moving your card to Cardless might show up as a new card on your credit report, potentially affecting your 5/24 status. Remaining with Wells Fargo and converting to an Autograph Visa might not have the same effect.
What do you think about the new Bilt Card 2.0 and the ability to earn points on mortgage payments? Share your thoughts in the comments below!
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