Bilt drops 4% Bilt Cash for new cardholders in 2027

What happened

Cardholders of record on December 31, 2026 can decline most of the 2027 card changes, which take effect January 1, 2027, and keep 4% Bilt Cash on everyday spend. The same treatment applies to anyone who applies and is approved, then accepts a Bilt offer before January 1, 2027.

From January 2027, new cardholders earn only 1.25 points per dollar on rent or mortgage, with no 4% Bilt Cash on everyday spend. New Palladium accounts get the $400 hotel credits converted to $400 in Bilt Cash. Legacy Palladium holders keep the credits and may add $100 of Bilt Cash twice a year to reduce a hotel stay by as much as $300.

Redeeming $200 in Bilt Cash adds an extra point per dollar on the next $5,000 of spend, taking Palladium from 2 to 3 points per dollar. Using every accelerator takes $1,000 in Bilt Cash a year. New Palladium accounts get $600 a year and Obsidian $100. Both also get $50 per 25,000 points, which may not cover that.

Apply for Palladium or Obsidian and accept the offer before January 1, 2027 to keep 4% Bilt Cash and the hotel credits.

KEY FACTS

Starts

Jan 1, 2027

Numbers

50,000 points: signup bonus mentioned in the headline
4%: Bilt Cash back on everyday purchases for current cards
1.25 points per dollar: housing-only earn rate for new cardholders from January 2027
$400: annual hotel credits on Bilt Palladium that legacy holders can keep
$400: hotel credits converted to Bilt Cash under the new program
$100: Bilt Cash legacy Palladium holders can stack toward hotel stays
$300: hotel discount twice a year when stacking Bilt Cash with credits
$200: Bilt Cash redeemed to start one point accelerator
$5,000: card spend that earns an extra point per dollar after an accelerator
2 points per dollar: Bilt Palladium earn rate without the accelerator
3 points per dollar: Bilt Palladium earn rate with the accelerator
$1,000: Bilt Cash needed to use all five accelerators in a year
$30
$600: annual Bilt Cash on Palladium under the new program
$50: extra Bilt Cash per 25,000 points earned under the new program
$100: annual Bilt Cash on Obsidian under the new program

Who qualifies

Existing Bilt cardholders as of Dec. 31, 2026, and people who apply, are approved, and accept a Bilt card offer before Jan. 1, 2027, can keep the current card benefits.

Takeaway

If you want 4% Bilt Cash and the current Palladium hotel credits, apply for Palladium or Obsidian, get approved, and accept the offer before Jan. 1, 2027.