Bilt Card 2.0 Coming in 2026 in Partnership with Cardless

Bilt Card 2.0 Coming in 2026

In an email sent out to members today, Bilt has revealed major changes that are coming next year.

The email starts of with the news that Bilt has raised $250 million in new primary funding, valuing the company at $10.75 billion. The round was led by General Catalyst and GID with further investment from United Wholesale Mortgage.

More importantly for current Bilt Rewards members and cardholders, Bilt will be switching credit card issuers. Bilt will drop Wells Fargo in favor of Cardless, which will offer credit card portfolio with three products:

• Entry level card with no annual fee
• Mid-tier card with $95 annual fee
• Premium card with $495 annual fee

No other details have been revealed for now, but Bilt says that they will share more this fall.

Here’s the relevant text in the email:

Based on that feedback, we have been developing new cards that deliver the depth and breadth of product experience you all have asked for. Bilt Card 2.0 is being developed in partnership with Cardless—the platform which recently launched the American Express Coinbase card. The new card lineup will include three distinct products designed to serve Bilt’s diverse member base: a no-fee card option, along with premium cards featuring $95 and $495 annual fees, respectively.

Bilt Card 2.0 launches in February 2026, and current cardholders will be seamlessly moved from Wells Fargo to our new card platform at that time. More details about the new issuing partner, enhanced rewards including points on both rent and mortgage, the broader card value prop, and the transition process will all be announced early fall. Everything stays the same for you today, and we’ll walk you through the exciting transition as we get closer to launch.

This next-generation card experience represents our commitment to listening to our members and continuously innovating to provide the most valuable rewards currency in the market.