Bilt's 2027 Changes: Credits and the Opt-Out Choice
Bilt is changing housing rewards, annual credits, and hotel redemptions in 2027. See what changes, when, and whether to keep your current benefits.
Bilt's October 27, 2026 announcement creates a choice for existing cardholders: keep the current Flexible Bilt Cash option or move to simpler housing points and revised annual credits. Members without a Bilt Card face a separate change to guaranteed housing points. The right decision depends on your spending and which credits you actually use.
Key takeaways
- 1
Accounts opened before January 1, 2027 can keep 4% Flexible Bilt Cash with Flexible active and an opt-out before the first 2027 anniversary.
- 2
Refreshed benefits remove the extra 4% Bilt Cash option. Housing points use the existing spending brackets, up to 1.25X.
- 3
Obsidian gets $100 annual Bilt Cash and Palladium gets $600. Hotel redemption limits mean these are not equivalent hotel credits.
- 4
Bilt Cash gets rolling expiration now. In January, hotel redemptions become twice yearly and Daily Rewards replaces guaranteed housing points for non-cardholders.
When the changes take effect
| Date | What changes |
|---|---|
| October 27, 2026 | New Bilt Cash expiration rules apply, including existing balances. |
| January 1, 2027 | New card accounts get refreshed benefits. Bilt Cash hotel redemptions change for all members. |
| January 1, 2027 | Existing Obsidian and Palladium holders receive a $50 or $200 bridge hotel credit, respectively. |
| Your first card account anniversary in 2027 | Existing accounts automatically adopt refreshed benefits unless you opt out beforehand. |
| January 15, 2027 | Daily Rewards launches, replacing guaranteed housing points for members without a Bilt Card, subject to partner-card exceptions. |
There is no single opt-out deadline. Bilt defines the anniversary using the billing cycle after your account opening anniversary. Check your date in the app or ask Bilt concierge, rather than counting from your application date. These rules cover Blue, Obsidian, and Palladium. Bilt's program FAQ
Keep 4% Bilt Cash by opting out
Cardholders with accounts opened before January 1, 2027 can keep earning 4% Bilt Cash on eligible everyday spending by making Flexible Bilt Cash active and opting out before their individual 2027 anniversary. Accounts opened on or after January 1, 2027 start with refreshed benefits and cannot select Flexible 4% earning. That 4% is earned alongside ordinary purchase points. You can spend $3 of Bilt Cash to unlock 100 points on rent or mortgage payments, up to 1X on housing. Alternatively, Housing-only automatically awards housing points based on everyday card spending, without the extra 4% Bilt Cash.
The refreshed structure removes that 4% earning and uses the existing Housing-only brackets. It does not make every housing payment earn 1.25X.
| Everyday spending in the same billing cycle | Housing reward | Example with a $2,000 housing payment |
|---|---|---|
| Less than 25% of housing | 250 points | Less than $500 spent: 250 points |
| 25% to under 50% | 0.5X | $500 to under $1,000 spent: 1,000 points |
| 50% to under 75% | 0.75X | $1,000 to under $1,500 spent: 1,500 points |
| 75% to under 100% | 1X | $1,500 to under $2,000 spent: 2,000 points |
| 100% or more | 1.25X | At least $2,000 spent: 2,500 points |
Ordinary purchase points continue separately. Housing payments do not count as everyday spending. For a low spender, the 250-point floor is very different from earning 1X on the whole payment. Official card offer terms
Annual fees and credits: before and after
| Card | Annual fee | Current annual credits | Refreshed annual credits |
|---|---|---|---|
| Blue | $0 | None | None |
| Obsidian | $95 | $100 hotel credit, split into two $50 half-year credits | $100 Bilt Cash |
| Palladium | $495 | $200 Bilt Cash plus $400 hotel credit, split into two $200 half-year credits | $600 Bilt Cash |
These are ongoing benefits, separate from welcome offers. Bilt Cash is a promotional credit, not money you can withdraw or a guaranteed offset to the annual fee. Each redemption has its own limits. Bilt Cash terms
Bilt Blue
Blue still earns 1X on eligible everyday purchases and has no annual fee. The main decision is whether to preserve Flexible Bilt Cash or use the refreshed housing brackets. Blue holders can opt out too.
Personal Credit Card
Bilt Blue
BONUS
$100 Bilt Cash
ANNUAL FEE
None
To Qualify
Sign Up
CASH BACK
PERKS
Bilt Obsidian
$95 annual fee. Obsidian keeps 3X in your chosen category, dining or groceries, plus 2X travel and 1X other eligible purchases. Grocery 3X is capped at $25,000 per calendar year, then 1X. The unselected category earns 1X.
Bilt Palladium
Palladium keeps 2X on eligible everyday purchases. Its advertised $600 annual Bilt Cash can be more useful than the old package only if you can redeem it for things you would otherwise buy. It is not a $600 hotel credit.
The three cards' annual fees and ordinary point multipliers are unchanged. Check the current offer terms before applying.
Personal Credit Card
Bilt Palladium
BONUS
50,000 Points + $300 Bilt Cash, Gold Status
ANNUAL FEE
$495
To Qualify
$4,000 Spend within 90 days
CASH BACK
PERKS
Bilt Cash hotel redemptions drop to twice per year
Spending Bilt Cash on a hotel is separate from the legacy card hotel credits above. Through December 31, 2026, the Bilt Cash hotel limit is monthly. From January 1, 2027, it becomes two redemptions per calendar year, with a two-night minimum through the Bilt Travel Portal.
| Eligibility | Through December 31, 2026 | From January 1, 2027 |
|---|---|---|
| Blue or Silver loyalty status | Up to $50 Bilt Cash per month | Up to $50 each time, twice a year |
| Gold or Platinum loyalty status | Up to $100 Bilt Cash per month | Up to $100 each time, twice a year |
| Eligible refreshed Palladium | No special $200 allowance | Up to $200 each time, twice a year |
Loyalty status is not your card tier. The special Palladium allowance starts immediately for new 2027 accounts, or after an existing account's 2027 anniversary on refreshed benefits. Legacy Palladium holders use their loyalty-status limit. Opting out does not avoid the programwide frequency reduction. Two redemptions per year does not mean one must fall in each half. Hotel redemption terms
Should you opt out?
Keeping Flexible Bilt Cash may suit you if the extra 4% on spending and existing credits are worth more to you than the refreshed package. Moving may suit you if you prefer automatic housing points and have useful redemptions for the annual Bilt Cash. Compare your normal spending with the housing table before choosing.
To keep Flexible Bilt Cash and applicable legacy credits, Flexible Bilt Cash must be active when you opt out in the app's card settings, before your individual 2027 anniversary. If you currently use Housing-only, allow for a switch taking effect at the start of the next billing cycle. After that anniversary, legacy accounts lose the ability to switch monthly between Flexible and Housing-only.
You can adopt refreshed benefits later, starting with your next billing cycle, but cannot switch back. An upgrade or downgrade also moves an opted-out account to refreshed benefits. Authorized users follow the primary cardholder's choice.
The January 1 bridge hotel credit expires unused when you transition at your anniversary. Separately, Palladium's existing $200 annual Bilt Cash moves from January 1 to the account anniversary, even if you opt out. Transition and opt-out details
Bilt Cash expires at month-end, 12 months after earning
Effective October 27, each award expires at the end of the month 12 months after it was earned, including existing Bilt Cash. For example, Bilt Cash earned in February 2026 expires February 28, 2027. This replaces the old calendar-year expiration and $100 rollover limit. Bilt automatically spends the earliest-expiring balance first.
How to earn Bilt Cash without Flexible
Refreshed Obsidian awards $100 Bilt Cash each year, Palladium $600, and Blue no annual Bilt Cash. Members can also earn $50 per 25,000 elite-qualifying points, which are points that count toward Bilt loyalty status. Eligible promotions and welcome bonuses may award additional Bilt Cash, but they are not recurring funding. An existing balance can still be spent before it expires, but it is not new earnings. Daily Rewards cash prizes are uncertain, so do not count on them to fund monthly redemptions. Bilt Cash earning rules
Refreshed Obsidian and Palladium holders can also use Point Accelerator: redeem $200 Bilt Cash for an extra 1X on up to $5,000 of eligible everyday spending before year-end, up to five activations a year under its terms. Point Accelerator eligibility
Using Bilt Cash for monthly benefits
Benefits funded with Bilt Cash draw from one shared balance. They require redemption and have their own eligibility rules, limits, and expiration dates. They are not additional automatic statement credits. Annual awards, milestone earnings, and eligible promotions can fund whichever available benefits you actually use, regardless of whether you use Flexible mode. Budget only Bilt Cash that has arrived and will still be unexpired when you redeem.
For example, redeeming $10 each month for Lyft and $10 for Grubhub uses $240 Bilt Cash over a year. Those redemptions reduce what is left for hotels, Point Accelerator, or other eligible benefits. Do not count the same Bilt Cash twice. Current Bilt Cash redemption terms
Daily Rewards replaces housing points for non-cardholders
Starting January 15, 2027, members without a Bilt Card lose guaranteed housing points in favor of chance-based Daily Rewards. Housing benefits from eligible partner cards remain. Bilt cardholders keep housing points and gain Daily Rewards alongside them.
An eligible neighborhood purchase of at least $5 can earn one neighborhood reward daily. An eligible on-time housing payment can add another reward that day, limited to once per eligible 25-day period. Reveal rewards within 30 days and choose one of two options. Four collectibles complete a set, and collection progress resets at year-end.
Bilt says full prize terms and a no-purchase mail-in method will be available by launch. Published jackpot amounts are not guaranteed earnings, and announced information does not establish odds or an expected return. Do not spend extra to chase them. Daily Rewards FAQ, launch details
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