Bilt Blue Credit Card Overview [New card, earn $100 Bilt Cash, no annual fee]

Bilt Blue Overview:

Highlights

• Cell phone reimbursement: if you hold the card and pay your cell phone bill, you can get cell phone reimbursement. Each year, you can be reimbursed for up to $1,000 in phone repair or theft losses, with a maximum of two claims and no more than $800 per claim, and a $50 deductible.
• No foreign transaction fees

Bilt Rent/Mortgage Payment Overview

After the redesign, there are two ways to pay rent or mortgage with the Bilt card.

• No-transaction-fee mode: paying rent or mortgage does not require a fee. However, you can also redeem Bilt Cash to earn Bilt points. Every $3 of Bilt Cash redeemed gets you 100 points, up to a maximum equal to the amount of your rent. For example, for $100 of rent, you can redeem at most 100 Bilt points, which means you can only redeem $3 of Bilt Cash.
• Maximum-points mode: paying rent or mortgage requires a 3% fee, but using the Bilt card earns 1x points. Your Bilt Cash balance will automatically be used to cover the fee. For example, if you pay $100 in rent, you can directly earn 100 points, but there is an extra $3 fee. If you have enough Bilt Cash, it will simply redeem that $3. If not, the amount will be charged to your Bilt card.

In both cases, you cannot earn extra Bilt points; the maximum is always equal to the rent or mortgage amount. The only difference is how Bilt Cash is used, so the practical difference is not that big.

Bilt Points Overview

Bilt points can be transferred to multiple airline and hotel programs, such as Hyatt, UA, Alaska, and more. They are still very valuable! We value them at 1.6c/p. For details on how to use them, see

• Bilt points program overview

Bilt Cash Overview

Bilt Cash earned here is different from points; it cannot be redeemed for cash or transferred. The official redemption options currently include:

• Redeem it toward rent or mortgage fees. Every $30 in fees redeemed gets you 1,000 Bilt points. For example, if you pay $1,000 in rent and there is a $30 fee, you can redeem $30 of Bilt Cash and then receive 1,000 Bilt points. Only Bilt cardholders can redeem this.
• Increase your Bilt membership status so you get better benefits on Rent Day

In addition, you can also redeem Bilt-related services and third-party services, but the redemption rates are unknown

• Bilt’s luxury hotel collection
• Exclusive Bilt experiences: redeem Bilt Cash to book exclusive experiences like dining reservations, fitness classes, comedy shows, and more.

You can also redeem it for the everyday purchases below, and the rate may be 1:1 (dollar-for-dollar)

• Hotel bookings: apply Bilt Cash toward hotel bookings made in the Bilt Travel Portal.
• Lyft credits: redeem for Lyft credits and get where you’re going for less.
• Fitness Classes: use Bilt Cash toward bookings in the Bilt App and save on your favorite workouts.
• Dining: use Bilt Cash to pay your tab when you use Mobile Dining check-out at select Bilt partner restaurants.
• Home Delivery: save on everyday essentials ordered through Home Delivery, powered by Gopuff.
• The Bilt Collection: redeem Bilt Cash for select items and limited drops from the Bilt Collection.

However, Bilt Cash expires every year, and only amounts under $100 roll over. That is still pretty stingy.

• Bilt Cash earned during 2026 will expire at the end of the year, except that up to $100 of Bilt Cash will roll over to the following year.

You can read the official FAQ here:

• Bilt Cash overview

My Take

If you have rent and mortgage payments to make every month, keeping this card long term is still a good idea. Everyday spending earns 1x + 4% Bilt Cash, and when you pay rent, you can redeem that 4% Bilt Cash for Bilt points, which works out to 1.33x. So overall, this is a card that earns 2.33x Bilt points on everyday spending.

That said, you need to keep your spending on this card in line with your monthly rent and mortgage payments, otherwise extra Bilt Cash has nowhere to go and can be awkward.

Apply

• Existing users who apply to switch to this card before January 30 will not get a hard pull, but it will still create a new account

Apply Link

• Bilt Blue application link