Three new Bilt credit cards will be launched on February 7, 2026 and we’ve been eagerly awaiting details to know how good (or not good) the cards will be.
Over the past week or so, more definitive information has been shared in some areas, while there have also been numerous rumors swirling around. Here’s what we definitely know, as well as what some of the rumors are.
What we know
Richard Kerr of Bilt recently took to Reddit to share some more details about the upcoming three card launch. He confirmed that although the new cards won’t launch until February 7, 2026, the new card details will be revealed on January 14.
On that date, existing cardmembers will be able to select which one – if any – of the cards they wish to have their existing card switched to once the transfer from Wells Fargo to Cardless is processed. You’ll have until January 30 to make that selection if you want to ensure there’s no gap between your Wells Fargo Bilt card being deactivated and your Cardless Bilt card arriving by February 6. Existing cardholders who don’t select a new card to transition to by January 30 won’t get to keep their same card number and they will have a hard pull on their credit.
If you’re not currently a Bilt cardholder but wish to be, you’ll be able to apply for one of the new Bilt cards on January 14 too.
He also confirmed a few other aspects for existed cardholders. For example, your Bilt credit card number will remain the same, there won’t be a hard pull on your credit report, and Google Pay and Apple Pay will automatically update with your new card details.
During the card conversion process online, you’ll be given the opportunity to transfer the balance from your Wells Fargo Bilt card to your Cardless one soon after February 6. You’ll also seemingly be able to specify if you don’t want your Wells Fargo card automatically converted to an Autograph card (which is what’ll happen by default otherwise) and Bilt will liaise with Wells Fargo to prevent that from happening.
As would be expected, there were numerous Redditor comments and Richard replied to many of those. Here are some further details gleaned from those comments and replies:
- Existing cardholders shouldn’t need to unfreeze their credit in order to transition from Wells Fargo to Cardless
- If moving to Cardless, the card will show as a new card on your credit report. That will therefore affect your 5/24 status, could have an impact on mortgage applications, etc.
- Existing cardholders will be able to add authorized users from January 14 after selecting a new card to transition to
- The new Cardless Bilt cards will be Mastercards
- Points will continue to post when transactions post to your account
- If, after the conversion, you return an item that was originally bought on the Wells Fargo Bilt card, the refund will be credited to your Cardless account
- With the new lineup of Bilt cards, you’ll be able to pay both mortgage and any separate HOA fees with your card
- Once you’ve selected a Cardless card (whether transitioning from Wells Fargo or applying new), you won’t be able to product change for the first year
- It won’t be possible to get an immediate credit limit increase with Cardless, but there are plans to make that an option “ASAP”
- Credit limits for existing cardholders could be lower than at present
With regards to that final point, that could definitely be a disappointing development depending on how widespread of an issue that is. That answer came about as a result of the following question:
Have seen this asked a few times without any answer or engagement so here’s a modified version of the question: will existing cardholders’ current credit limits be re-evaluated and have the potential to change upon opting in to BILT 2.0?
The reply from Richard was:
It will be a new issuer and they will make their own decisions. We aim to have similar to higher credit lines for most customers but it will be subject to individual customers’ profiles at the time of conversion
Considering many Bilt cardholders have complained in the past about low credit limits from Wells Fargo, it’ll be a shame if some people see their credit limits reduced further still.
New Bilt card rumors
A couple of days after that Reddit thread began, Doctor of Credit highlighted a separate Reddit thread that listed rumored features of the new Bilt cards:
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Initial offerings will be competitive
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The premium cards will have a SUB, and the no AF card will not
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No AF card will have worse earning unless you have Bilt status, and “will be a heavily nerfed version of the current version”
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Earnings on mortgage will be entire PITI (Principal, Interest, Tax, Insurance), as opposed to just Principal and Interest
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Points earning (on mortgage/rent?) will drop to 0.5 points per $ for no AF card
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Minimum transaction count for points earning to switch to minimum amount of non-rent spend
There’s both good news and bad news there. For those with a mortgage, earning points on the entire PITI will be welcome news.
The fact that it’s rumored that the $95 and $495 annual fee cards will have welcome offers is good news depending on quite how rewarding those will be. Considering Bilt hasn’t offered a signup bonus on the no annual fee card up until now (other than a targeted 5x for your first five days), I’m not expecting the welcome offers to be of a substantial nature, but I’d love to be pleasantly surprised by them launching with a couple of splashy bonuses.
There’s definitely bad news amongst those rumors though. If the new no annual fee Bilt card does turn out to be “a heavily nerfed version of the current version,” that’ll be highly disappointing, especially with no welcome offer attached. If true, it’s presumably being done to ensure people upgrade/apply for the cards with an annual fee, but it could also backfire on them with a lot of negative sentiment, particularly from existing cardholders. With no welcome offer and (presumably) worse earning rates, it seems like there’d be very little reason to hold the no annual fee card which would be a curious choice on their part.
The fact that it’s rumored that Bilt will change from having a minimum transaction count each month in order to earn points on rent (and presumably mortgage) payments to having a minimum non-rent spend requirement is potentially cause for concern too. However, that’ll largely depend on what the spend requirement is. If the non-rent spending requirement is something like a hundred bucks per month, that’s not bad. Something well in excess of that could be off-putting depending on the earning rates of the various cards, not to mention it giving cardholders one more thing to have to remember to do each month.
Other Thoughts
If there are indeed welcome offers on one or more of the new Bilt cards, it might make more sense for existing cardholders to not transition, but to apply for new Bilt card outright instead. Existing cardholders moving to Cardless would have the new card show up on their credit report anyway for 5/24 purposes, so if that’s your main concern, you might as well pick up a welcome offer to go with it (if one is available). That said, bear in mind that moving from Wells Fargo to Cardless doesn’t require a hard pull on your credit, while a new application would. I personally wouldn’t care about having another hard pull, but that is a concern for some people.
That said, perhaps existing cardholders will be offered some kind of sweetener for switching over from Wells Fargo to Cardless. If so, converting your existing card rather than applying for a new one could be a wiser choice. I guess we’ll find out in a couple of weeks.
Your Thoughts
What are your thoughts on the definite new information and the rumors? Let us know in the comments.
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I’ve been with Bilt since the launch. Their disrespect and treatment of original users is beyond pathetic, disgusting and total garbage. I will now have 2 of my 5/24 spots occupied by Bilt cards. It seems likely I will now have to pay an annual fee in order to maintain my original benefits. Ankur and Richard are getting rich I am sure but their lack of care for loyalty is pathetic.
Then leave.
I’ve been with Bilt since the launch. Their disrespect and treatment of original users is beyond pathetic, disgusting and total BS. I will now have 2 of my 5/24 spots occupied by Bilt cards. It seems likely I will now have to pay an annual fee in order to maintain my original benefits. Ankur and Richard are getting rich I am sure but their lack of care for loyalty is pathetic.
The lack of respectful treatment for long time Bilt cardholders is, frankly, bullshit. I will now have 2 of my 5/24 slots taken by Bilt cards through no fault of my own. It’s entirely possible that to get the benefits I started with (I’ve been with them since launch) I’ll now have to pay an annual fee. Like I said, very disappointing treatment for an OG Bilt member. A$$holes.
Although a welcome bonus on the $95 card is tempting, I do worry that Cardless might be harsh about approvals, such that I’d rather just take the $95 card without a hard pull and forego the signup bonus. The lack of clarity about the credit limit is also frustrating, especially if Bilt imposes a monthly spend requirement to earn 1x on rent (but presumably that only impacts the $0 fee card…).
I’d like to know if I’ll be able to pay mortgage with my Atmos card through BILT and still earn 3x Atmos points.
There’s just no way around how clunky and frustrating this transition is. They’re clearly making an effort but this is still, frankly, bullshit.
Will accepting automatic Bilt to Autograph keep payment history and age of account? Will it add to 5/24? If so, will Chase reconsideration understand that this is not a true new account?
The product change will be the same minus an account number since you’re moving from Mastercard to Visa.
I don’t understand what you are saying. The article says that going from WF Bilt MC to Cardless Bilt MC WILL add to 5/24, so I don’t know why going from WF Bilt MC to WF Autograph Visa should also add to 5/24 because you are going from MC to Visa. And I don’t think a new account number should automatically wipe payment history and age of account, since sometimes people have fraud and need a new number. Anyone from the Frequent Miler team want to elaborate?
Maybe it was worded incorrectly. The change from Bilt to autograph won’t affect 5/24 because it’s the same line. The new Bilt card will be a new line of credit and count against 5/24. If you chose not to get the new card and just let your Bilt become an autograph nothing would change as far as 5/24 status goes.
This would be good. So I’m assuming you are saying that Bilt to Autograph will neither add to 5/24 nor wipe payment history and age of account. Do you have a source? This was not clarified in Stephen Pepper’s article above.
IT WILL NOT BE CONSIDERED A NEW CARD FOR 5/24 PURPOSES AND YOUR CREDIT HISTORY WILL BE PRESERVED AS IT IS THE SAME LINE IF CREDIT.
If it will take a 5/24 slot no matter what, I am leaning toward canceling the card and reapplying if the welcome offer is worth it.
I’m so tired of this transition. The email from the CEO today was entirely useless, empty marketing drivel. It has been way too much teasing and inconsistent messaging.
For existing cardholders, we have the equivalent of the no AF card. During the transition, selecting anything with an AF should be considered an upgrade. Amex handles upgrades pretty well when they do targeted offers. That should exist here.
What if everything is so lucrative that having both the cheap and expensive AF cards makes sense? Would benefits stack on rent or mortgage (I still have a hard time believing that will actually become reality in February 2026)?
What about known gnomes, gnomes who are unknown, and those who are on GLP1?