Bilt has quickly adjusted its recently launched rewards program (Bilt 2.0) following user feedback, introducing a new tiered system that offers increased earning potential on rent or mortgage payments. The update provides cardholders with a choice: stick with the initial 4% Bilt Cash back on everyday purchases, or opt into a points-based tier structure tied to monthly spending on their Bilt card.
Understanding the New Options
The core change centers around how you earn rewards on your housing payments. Instead of solely relying on Bilt Cash to unlock points, you can now earn directly through spending levels:
- Spend 25% or more of your housing payment on the Bilt card: Earn 0.5 points per dollar spent on rent/mortgage.
- Spend 50% or more: Earn 0.75 points per dollar.
- Spend 75% or more: Earn 1 point per dollar.
- Spend 100% or more: Earn 1.25 points per dollar—a new high tier.
These tiers apply to all three Bilt cards: Blue, Obsidian, and Palladium. Switching between the Cash and tiered options is allowed monthly, with changes taking effect the following month.
Bilt Cash Remains an Alternative
The original Bilt 2.0 system, earning 4% back in Bilt Cash on everyday purchases, remains available. However, choosing this option means forgoing the tiered points structure. Bilt has clarified that only the portion of your housing payment covered by Bilt Cash will earn points; there’s no option to pay a fee to unlock points on remaining amounts.
Why This Matters
This adjustment simplifies the rewards structure for many users, removing the need to manage a separate currency (Bilt Cash) if they prefer direct points earnings. For those already spending heavily on their Bilt card, the new tiers offer potentially higher rewards—especially at the 1.25x tier. The flexibility to switch monthly allows cardholders to optimize earnings based on their spending habits.
Ultimately, Bilt’s responsiveness to feedback and willingness to refine its program demonstrates a commitment to user experience. The choice between Bilt Cash and tiered points ensures cardholders can select the earning method that best suits their lifestyle.
