Bilt Plans Three New Credit Cards Following $250M Funding

Bilt Rewards is preparing to launch three new credit cards in February 2026, developed based on extensive member feedback and in partnership with the fintech company Cardless. The new portfolio will include a no-fee card, a $95-annual-fee card, and a $495-annual-fee premium card, marking a departure from their current partnership with Wells Fargo, which will end earlier than planned. This change comes alongside Bilt's $250 million funding round, boosting its valuation to over $10 billion and supporting its expansion into additional housing categories, including partnerships with mortgage servicers such as United Wholesale Mortgage. Bilt aims to provide a seamless transition for current cardholders and is exploring the introduction of point-earning on mortgage payments, enhancing its loyalty ecosystem beyond rent rewards. While specific benefits and the card network affiliation remain undisclosed, Bilt emphasizes that these developments align with its mission to offer an expansive rewards platform linked to housing and lifestyle spending. The company continues to position itself as more than a credit card issuer, focusing on delivering a comprehensive loyalty and commerce platform.