https://newsroom.biltrewards.com/meetbiltcard2.0

same as the leaks

Bilt Palladium Card ($495 annual fee˛)
Our most premium card.

• 2X points on everyday spendą
  
• 4% back in Bilt Cash on everyday spendą
  
• First-ever, limited-time 50,000-point sign-up bonus + Gold Status (after qualifying spend)ą
  
• $300 in Bilt Cash on account openingą
  
• $600 in annual credits ($400 Bilt Travel Hotel credits + $200 in Bilt Cash)ą
  
• Additional premium benefits, including Priority Pass access, purchase protection, no foreign transaction fees†, authorized users* and more
  

Bilt Obsidian Card ($95 annual fee˛)
Premium benefits designed for everyday value.

• 3X points on dining or grocery (grocery up to $25K/year), 2X on travel, 1X on all other everyday spend1
  
• 4% back in Bilt Cash on everyday spendą
  
• $100 in annual Bilt Travel Hotel creditsą
  
• $200 in Bilt Cash on account opening
  
• Trip Delay Insurance, no foreign transaction fees˛, and more
  

Bilt Blue Card (no annual fee˛)

• 1X points on everyday spendą
  
• 4% back in Bilt Cash on everyday spendą
  
• $100 in Bilt Cash on account openingą
  
• Earn both Bilt Points and Bilt Cash with no annual fee and no foreign transaction fees˛
  

Highly confusing regarding how to pay rent and/HOA fees (with the new cards) without transaction fees, seems it will only be possible if one redeems Bilt Cash to pay transaction fees.

Confusing is an understatement.

I'm usually up for these games.

Nope. I'm out.

Hello Autograph.

Palladium card might possibly be worth it for about a year. SUB compensates for AF and Bilt Cash bonus might cover several months of rent/HOA transaction fees. Of course, it’s also completely unclear if “seamlessly upgrading“ to Palladium card will earn the SUBs.

I've read through the terms and had a friend apply, it seems like SUB is open to everyone. The question mark for me is, if you have an Alaska card, do you still get 3x points at 3% fee? If so, it's probably not worth switching over to 2.0 any time soon.

The tldr on the transaction fee is you need to spend 75% of your monthly rent on your Bilt in order to cover the Bilt cash needed to have no transaction fees. Else, you pay the fee and you earn points or you don't pay the fee and you don't earn points

As someone without rent, mortgage or HOA fees (e.g., living in a van down by the river), I am not sure I am particularly interested in dealing with Bilt Cash. It doesn’t seem there is a straightforward way for me to utilize it unless I want to use Lyft more often (I don’t) or book hotels through Bilt (I don’t think I want to). Adding a second reward currency seems to add unnecessary complexity. KISS.

It is 100% offset by Bilt Cash. They are charging a 3% transaction fee, so at 4% Bilt Cash on every purchase you'll need to spend 75% of your mortgage/rent payment each month for it to be break-even.

Using a $2,000 mortgage/rent as an example it would cost $60 in fees to pay that each month.

Spending $1,500 month earns you $60 in Bilt Cash at 4%.

There will be an automatic application of Bilt Cash during the mortgage payment process.

To clarify you will earn the points on the portion of the payment you have offset the fee, so if you are paying $2,000 and have $20 worth of Bilt Cash you'll earn points on roughly $700 worth of your payment but not on the rest.

This is where I'm landing, please let the 3x AS pts survive. The free card is DOA and I don't need carbon copy of the other cards (VX, CSP) that I already have

The question for many people is if you spend $1500 a month even, or whatever amount you need to offset the fee. And if you do, then you lock yourself out of welcome bonuses on other credit cards unless you have a business or smth.

Trying to figure out the "rent/mortgage" and daily spend relationship. The below was pulled from a blog.

Assuming 1 point per dollar for rent/mortgage and 2x on daily spend (Bilt Palladium Card)

Rent/Mortgage: $10,000 (10,000 points)
Daily Spend: $7500 (15,000 points)

Total Month Earned = 25,000 points?

If this maths out, it seems like a nice card for those with high rent/mortgage.

I have personal mortgage and office rent, and 1.0 did not allow office rent to be paid.... fingers crossed if BOTH can be paid with this new card.

Quote:

$1,500 in everyday purchases, $2,000 in rent per month

Not if you are moving spend that has higher multipliers with another card. For example, your spend can be 3x with Chase Ink Preferred (CIP), so you will be getting 25k points from Bilt vs 22.5k points from CIP. Not significantly better. You also have to consider if the other Bilt benefits are worth the $400 extra in AF, and the effort to manage Bilt cash since only $100 can be carried over to the next year

And CIP has 100k SUB right now, compared to Bilt's 50k and $300 Bilt cash

So the BILT 2.0 math looks like this: $750 in spend ($30/.04) unlocks ability to earn 1000 points on $1000 in housing spend.

The problem? Let's take spend that's not in bonus categories on any other card both to make the calculations simple and to skew things the most heavily in favor of BILT. Well, $750 in spend on the Chase Freedom Unlimited is 1125 points. That's the opportunity cost of spending $750 on the BILT 2.0 card and receiving "useless" BILT cash. Now of course, you wouldn't get any points for housing spend anywhere else, but the problem is that I only net 1000 points from the housing spend at the opportunity cost of 1,125 Chase UR points. And UR points, like BILT points, transfer to Hyatt at a 1:1 ratio, so it's better to just put the spend on the Chase Freedom Unlimited and get 0 points for housing spend. The ONLY exception here is for spend in foreign countries that does not fall into any bonus categories on my other cards, since the Chase Freedom Unlimited has a 3% foreign transaction fee. So I can put that spend on the BILT 2.0 card and unlock 1000 points for $750 in spend by putting housing spend on the BILT 2.0 card (instead of just 750 points if directly spending on my Chase Sapphire Reserve). The catch is that I'd have to spend $750 to unlock ANY points, as $749 in spend unlocks nothing.

I'll be getting the BILT 2.0 card however, for the $100 introductory BILT cash. Then once I burn through it, which I will do in about one month, the BILT 2.0 card goes in my drawer and I'll forget about it. Except maybe when traveling in foreign countries and spending money in non bonus categories.

You should get 750 and 1000 Bilt points from spend and rent respectively, totaling 1750 points

Hmm. Well that does change the math a little bit.