Overview
- Card activation begins Feb. 7, the Wells Fargo Bilt Mastercard stopped working Feb. 6, and eligible balances are slated to transfer to new Bilt 2.0 accounts on Feb. 8.
- Housing payments made through Bilt are now debited from a linked bank account via ACH, removing credit-line float and keeping rent or mortgage charges off the card.
- Bilt Cash, earned at 4% on everyday purchases on eligible setups, is required to unlock up to 1x points on housing at a rate of $30 in Bilt Cash per $1,000 of housing, a rule that often equates to roughly 75% nonhousing spend.
- Users must select either a Flexible Bilt Cash path or a tiered Housing-Only structure for earning on rent or mortgages, a choice that added complexity and fueled early confusion among some customers.
- An exclusive TPG offer provides 5x points on nonhousing purchases for five days starting Feb. 7 (up to 50,000 points), as reviewers spotlight the Palladium’s value proposition with a 50,000‑point bonus plus Bilt Cash perks.