Rent earning restructured; full points on housing now require matching card spend

1x on rent (with 5 card transactions/month) → 250 points/month base, up to 1.25x with qualifying card spend

With the February 7, 2026 launch of Bilt's new card lineup (issued by Cardless, replacing the Wells Fargo Bilt Mastercard), earning points on rent or mortgage payments was restructured. Under the old card, 1x on rent required only five card transactions per statement period. Under the new system, cardholders either fund housing earning through Bilt Cash (4% earned on non-housing card spend) or choose a tiered option in which the rent earning rate scales with everyday card spend — up to 1.25x for those spending 100%+ of their housing cost on the card, but only a 250-point monthly base for those below the minimum spend tier. Members who put little non-housing spend on the card earn substantially less on rent than before. Two of the three new cards also carry annual fees.

What to do: Renters with little other card spend should compare their new effective earning rate before renewing around Bilt.