Credit Card News
Bilt Lays Out Timeline, First Migration Details for Bilt 2.0 Launch
As Bilt Rewards prepares for big changes next year, the platform has shared more details about the launch of Bilt 2.0 with members.
About the Bilt 2.0 Migration and Timeline:
It’s full steam ahead to Bilt 2.0. Today, Bilt alerted members that the official conversion would occur on February 7th, 2026. On that date, the Bilt Mastercard will move from Wells Fargo to Cardless. However, ahead of that, the company has shared a few things that cardholders should know.
First, as previously teased, Bilt 2.0 will offer three different credit card products, with $95 and $495 versions of the card joining the no-annual-fee option. According to Bilt, the full details of these cards will be revealed in early January. Then, cardholders will be able to select which product they’d like and have it in their hands before the February 7th conversion date. Ahead of that, customers can continue using their Wells Fargo-issued cards.
When the move to Cardless does happen, Bilt notes that cardholders will retain the same card numbers. This means that they won’t need to worry about autopay bills or subscriptions being impacted by the change. Additionally, digital wallets such as Apple Pay and Google Pay should automatically update. Also notable is that current cardholders will not need a hard credit inquiry, regardless of which of the three card options they choose.
In their email, Bilt also stated that, with Bilt 2.0, cardholders will have the ability to earn points on mortgage payments, regardless of which mortgage servicer they have. Previously, the company announced a partnership with (and investment from) United Wholesale Mortgage.
My Thoughts:
I’ll admit that I started writing this article before I got to the part of the email where it said that mortgage points would be available to all, regardless of servicer. That’s big news for me since, as I previously lamented, UWM sold my mortgage shortly after we closed on our house and stopped servicing it a few months after that. Thus, I was concerned about Bilt’s plan to partner with them and other servicers directly, since this is something that homeowners don’t really have control over. If I had to guess, I’d expect that those with UWM-serviced mortgages will probably see better earnings rates or perks over others, but we’ll see.
As you can probably tell, I’m pretty pumped for Bilt 2.0 and am excited to have an official launch date now. Next up: we’ll need to see these other two card options to see which makes the most sense for me.
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