Bilt just launched three new credit cards: the Bilt Blue (no annual fee), Bilt Obsidian ($95 annual fee), and Bilt Palladium ($495 annual fee). If you were holding the old Wells Fargo Bilt card, you can pick which new card you want to switch to, and new cards will be sent out in February 2026.

So, what's the deal? All three cards will earn 4% back in "Bilt Cash" on all purchases (except rent and mortgage), PLUS your regular Bilt Points. You can use the Bilt Cash to cover the 3% fee when paying rent or mortgage with your card, or for other things like Lyft, hotel, or dining credits. The catch? Bilt Cash expires at the end of each year (though $100 rolls over). You'll still earn 1x Bilt points per dollar on rent/mortgage if you pay the 3% fee or use Bilt Cash to cover it.

Here's what makes each card unique. The Blue card earns 1x points everywhere plus 4% Bilt Cash, but also offers boosted earning on dining, fitness, Lyft, and Walgreens purchases. The Obsidian card offers extra perks for a $95 annual fee, while the Palladium offers even more benefits for a hefty $495. All the cards are offering a sign-up bonus of 5x points for the first five days (up to 50,000 points) when applying via the TPG link. Keep in mind you won't earn points or Bilt Cash on things like gift cards, P2P payments, or crypto. This is a major shakeup from Bilt, so it's definitely worth comparing the cards to see which one best fits your spending habits!