What happened
Bilt will retire 4% Bilt Cash earning for anyone who opens a card after December 31, 2026. New 2027 cardholders earn housing-only rewards. Those rewards top out at 1.25 points per dollar on rent or mortgage payments. Current cardholders keep Flexible Bilt Cash if they already hold a card or open one by December 31, 2026.
From January 1, 2027, Bilt Cash expires 12 months after it is earned. The new clock applies retroactively. It replaces a December 31 expiration that let only $100 roll over. Hotel Cash use drops from monthly to twice a year on stays of two nights or more, with Palladium capped at $200 per redemption.
On January 15, 2027, Palladium's $200 annual Cash and $400 hotel credits become $600 in Bilt Cash, posted on the card anniversary. Obsidian's $100 hotel credit becomes $100 in Bilt Cash. Daily Rewards start the same day after on-time housing payments. Grand prizes include $1 million toward a home or 10 million Bilt Points. Odds were not disclosed.
Have or open a Bilt card by December 31, 2026 to keep Flexible Bilt Cash, then decide before the 2027 anniversary whether to opt out of the new credit structure.
- Announced
- Oct 27, 2026
- Starts
- Jan 1, 2027
- Numbers
- 12 months: new rolling Bilt Cash expiration window
- $100: old calendar-year Bilt Cash rollover cap
- 4%: Bilt Cash earn rate on card spend being retired for new cardholders
- 1.25 points per dollar: housing-only rewards on rent or mortgage payments
- $200: current annual Palladium Bilt Cash credit
- $400: current annual Palladium hotel credits being replaced
- $600: new annual Palladium Bilt Cash credit
- $100: new annual Obsidian Bilt Cash credit
- $50: Blue and Silver hotel Bilt Cash cap per redemption
- $100: Gold and Platinum hotel Bilt Cash cap per redemption
- $200: Palladium hotel Bilt Cash cap per redemption
- $1 million: possible Daily Rewards grand prize toward a home
- 10 million points: possible Daily Rewards grand prize in Bilt Points
- Who qualifies
- Existing Bilt cardholders and anyone who opens a card by December 31, 2026 can keep Flexible Bilt Cash and the current credit structure; new 2027 cardholders will earn housing-only rewards only.
- Takeaway
- Have or open a Bilt card by December 31, 2026 if you want Flexible Bilt Cash, then decide before your 2027 anniversary whether to opt out of the new credits and earning setup.