
Historical card
Historical card record. See the dated review and offer history.
Compound Valuation
2.00¢
per point
Bilt's current card page says points transfer 1:1 to 28 airline and hotel partners. Because the roster changes, verify the live list at Bilt before transferring; transfers are irreversible.

Historical card
Historical card record. See the dated review and offer history.

Terms checked 2026-10-26
The free entry point to Bilt 2.0 and points on your rent or mortgage.

Terms checked 2026-10-26
Bilt's $95 middle tier: pick dining or groceries for 3x and keep earning on housing.

Terms checked 2026-10-26
Bilt's premium play: 2x on everything, lounge access and the richest housing rewards.
Ultimate Guide
Bilt's current Blue, Obsidian, and Palladium cards can earn rewards on rent, mortgage, and HOA payments without a card transaction fee. The 2026 Card 2.0 system is materially different from the original Wells Fargo-era Mastercard: there is no five-transaction minimum or annual housing cap, but housing earn depends on the reward method you select. We value Bilt points at 2.0 cents each when transferred carefully.
Every current Bilt card can pay eligible rent, mortgage, and HOA charges through Bilt without a card transaction fee. Under housing-only rewards, the card can earn up to 1.25x based on everyday card spend relative to the housing payment. Under Flexible Bilt Cash, everyday purchases earn 4% Bilt Cash and each $30 redeemed unlocks 1,000 housing points, up to 1x.
Bilt Blue earns 1x on ordinary purchases and adds portal and partner categories. Obsidian adds a selectable 3x dining or grocery category, 3x Bilt Travel flights, 4x Bilt Travel hotels, and 2x other travel. Palladium earns 2x on everyday purchases, 4x Bilt Travel hotels, 3x Bilt Travel flights, and additional Bilt Dining and Lyft rates.
The current cards have no five-transaction minimum and no annual cap on eligible housing rewards. Bilt Cash expires each December 31, with up to $100 rolling into the next year, so unused balances require attention.
Bilt points can fund travel, housing, fitness, and other redemptions. The 2.0 cent valuation comes primarily from carefully chosen airline and hotel transfers rather than cash-like uses.
Using points toward rent feels poetic and pays poorly. The portal is fine for cheap domestic flights. But a currency that reaches Hyatt, American, Alaska, and United at 1:1 should almost always exit through a transfer partner.
Same discipline as every program: price the award in partner points, compare against the portal, take the bigger number, and never transfer before the award space is confirmed.
Bilt's current card page says points transfer 1:1 to 28 airline and hotel partners. The roster changes, and older guides often retain departed partners, so use Bilt's live rewards page as the authority immediately before moving points.
Hyatt does the same work here it does for Chase: chart-priced rooms where 2.5 to 3 cents per point is routine. For a renter earning points on rent and transferring to Hyatt, the effective rebate on housing is real money.
Alaska Mileage Plan is the partner the big banks mostly cannot give you. Alaska's oneworld partner awards, especially Japan Airlines and Cathay Pacific premium cabins, are some of the best published values flying. Bilt is one of the only transferable currencies that feeds it.
Partner rosters and award pricing change independently. Treat any specific sweet spot as an example to verify, not a permanent promise from Bilt.
The key decision is not a swipe count anymore. It is whether to use housing-only rewards or Flexible Bilt Cash. Housing-only earning rises with the ratio of everyday spend to the housing payment; Flexible Bilt Cash lets you redeem $30 to unlock 1,000 points, up to 1x on housing.
Bilt Cash is not Bilt Points and should not be translated into points in the offer chart. It can fund partner benefits and housing-point unlocks, expires December 31, and permits only $100 to roll into the next calendar year.
Promotions and loyalty-tier benefits can still rotate. Verify the app and official terms before timing a large purchase around a temporary promotion.
Start with the housing payment and realistic everyday spend. If you want no fee, Blue preserves access to the system. Obsidian works when its chosen 3x food category and hotel credit exceed $95. Palladium requires enough everyday spend and genuine use of its Bilt Cash, hotel credits, and lounge benefit to justify $495.
Then choose housing-only rewards or Flexible Bilt Cash based on the disclosed monthly ratio and how much Bilt Cash you can actually use before year-end. Do not count a headline up-to rate as automatic.
Save points for a redemption you can verify in real time. Check the live partner list and award availability before transferring because the move cannot be reversed.
Transfer to Alaska and book Japan Airlines or Cathay Pacific premium cabins at chart rates that embarrass dynamic programs. Bilt is one of the only transferable currencies with this door.
Rent points moved to Hyatt at 1:1 book chart-priced rooms from 3,500 points. Your apartment effectively pays for your vacations.
Bilt currently advertises 28 airline and hotel transfer partners at 1:1. Compare the live roster and award price before every transfer because partnerships and award charts can change.
Every $30 of Bilt Cash redeemed can unlock 1,000 Bilt Points on an eligible housing payment, up to 1x, while housing-only rewards can reach up to 1.25x based on everyday spend.
The 1:1 Virgin transfer books Delta transatlantic seats and ANA premium cabins at Virgin's famous partner rates.
Points stay active while your account is active. Extended inactivity or account closure puts them at risk, so keep the account in use and redeem before closing.
The current cards can pay eligible rent, mortgage, and HOA charges through Bilt without a card transaction fee. Earning is not automatic at one fixed rate: choose housing-only rewards, up to 1.25x based on everyday spend, or unlock up to 1x using Bilt Cash. There is no annual housing-rewards cap.
No. Bilt says the current Blue, Obsidian, and Palladium cards have no five-transaction minimum. That rule belongs to the legacy Wells Fargo-era Bilt Mastercard.
No. Points moved to Hyatt, Alaska, AA, or any partner cannot return to Bilt. Confirm award space before transferring.
Bilt accounts are individual, and points do not pool across accounts. Each roommate paying their share through their own Bilt account earns on their own portion.
Guide last updated 2026-09-04.