There is a new credit card on the way that will earn points any mortgage payment you make every month.
Bilt Card 2.0 is almost at the finish line and is expected to launch on February 7, 2026.
It will be accompanied by a special event in early January where Bilt will unveil three new card options for new and existing Bilt users.
Currently, Bilt allows its card members to earn points to pay rent each month, but in 2026, Bilt users will also be able to earn points to pay the mortgage.
The neat thing is that these points can be transferred to frequent flyer programs, so simply paying off your mortgage can earn your next trip to Europe or beyond.
Bilt Card 2.0 comes in three variants
While the details are still a bit of a mystery, Bilt has announced the launch date (February 7, 2026) and the fact that the card will come in three variants.
These include card options with annual fees ranging from $0 to $95 to $495.
Essentially a card with no annual fee, a $95 annual fee card that mirrors the Chase Sapphire Preferred, and a premium card with a $495 annual fee.
As part of the launch, they have also laid out how existing Bilt cardholders can switch to the new card, which is supported by Cardless.
They will be able to choose a new product from among these three new cards without any hard inquiry on their credit report.
In other words, they will not get the typical thing if they want to take advantage of the new benefits linked to Bilt 2.0.
However, they can also stay with the old issuer, Wells Fargo, even though the card will be discontinued on February 6, 2026.
If they choose that route, their card will become a Wells Fargo Autograph Visa Card and they’ll earn Wells Fargo Rewards points instead of Bilt points.
Not sure how many people will choose this option since it will not earn points to pay off the mortgage. And I don’t even think Wells Fargo Rewards points can be transferred to loyalty programs.
How much will Bilt earn on mortgages?
We also now know that the upcoming Bilt Card 2.0 will “earn points on all qualified home loan payments.”
My understanding is that, like its rival Mesa, Bilt Card 2.0 cardholders will earn one point for every dollar spent on their mortgage.
So if your monthly mortgage payment is $2,500, you’ll earn 2,500 Bilt points each month.
Over a 12-month period, that equates to 30,000 points, which is a decent haul for pretty much nothing but paying your bills
And there will be additional point-earning categories (based on member feedback), especially on the advanced version of the Bilt 2.0 card to earn even more.
Hopefully these are in useful categories like gas, groceries, insurance, etc. I assume they will be everyday oriented homes.
So there will be a lot of potential to earn a lot of Bilt points every year.
On top of that, there may also be a sign-up bonus, as there is with most other rewards cards.
For a short time, the Mesa Homeowners Card offered 50,000 points if you spent $12,000 within three months.
That was steep, so hopefully Bilt will offer a sign-up bonus that’s a little more accessible.
Do you have to make a minimum spend without a mortgage each month?
The other question we still don’t know is whether there will be a minimum monthly spend to earn points on mortgage payments.
Mesa requires you spend $1,000 each month in non-mortgage loans to qualify for the mortgage.
So if you don’t use the card for other expenses, you won’t get the points on the mortgage.
I could definitely see Bilt doing the same (they currently require five transactions per month to earn points on rent).
The second question is how Bilt will organize the payment process for mortgage loans.
Mesa doesn’t actually let you pay off the mortgage with a credit card. Instead, you enter your loan amount into your account and they credit you with the points.
You will still need a bank account or other acceptable form of payment as lenders and mortgage providers do not accept credit cards.