Hold onto your wallets, because the Bilt 2.0 program just got even more exciting! Bilt Cash, a brand-new rewards currency, is here, and it’s not replacing the beloved Bilt Rewards Points—it’s complementing them. But here’s where it gets controversial: while Bilt Rewards Points are still the star of the show, Bilt Cash opens up a whole new world of perks, from credits and status upgrades to enhanced earning rates on your spending. And this is the part most people miss: Bilt Cash can be earned alongside your points, giving you even more ways to maximize your rewards within the Bilt ecosystem.
Starting February 1, Bilt Cash will let you cash in for Blade helicopter rides, unlock better Rent Day transfer bonuses, and spend as credits with partners like Lyft, GrubHub, and more. Plus, there’s a game-changing option to boost your earning rates on the Bilt Obsidian and Palladium Cards by a full point per dollar spent—meaning the Palladium Card can effectively earn you 3 points per dollar on everyday purchases.
Let’s break it down. Bilt Cash is part of the trio of credit card welcome bonuses, earning at a 4% rate on non-housing spend if you choose that option. But the bigger question has been: What exactly can you do with Bilt Cash? Now, we finally have the answers.
How to Earn and Spend Bilt Cash
Bilt Cash can be redeemed for a variety of perks, including:
- Dining and Groceries: Monthly credits with GrubHub, Gopuff, and Bilt Dining partners.
- Travel and Transportation: Unlock higher transfer bonuses, hotel stays, Lyft credits, and even Blade helicopter rides.
- Health and Wellness: Fitness classes, Walgreens credits, and comedy experiences.
One of the most exciting options? Using $200 in Bilt Cash to boost your earning rates on the Obsidian and Palladium Cards by 1 point per dollar for up to $5,000 in spending—repeatable up to five times a year. For Palladium Cardholders, this means earning 3 points per dollar on everyday purchases, a return of 6.6 cents per dollar according to TPG’s January 2026 valuations.
Welcome Bonuses and Earning Choices
Here’s a quick look at the Bilt card welcome bonuses:
- Bilt Blue Card: $100 in Bilt Cash upon approval.
- Bilt Obsidian Card: $200 in Bilt Cash upon approval.
- Bilt Palladium Card: 50,000 bonus points, Bilt Gold status, $300 in Bilt Cash upon approval, and $200 in additional annual Bilt Cash.
With Bilt 2.0 cards, you’ll need to choose between earning 4% in Bilt Cash on everyday purchases or counting that spending toward tiers that unlock points on rent or mortgage payments (up to 1.25 points per dollar).
Our Favorite Ways to Use Bilt Cash
- Boosting Palladium Card Earnings: Earning 3 points per dollar on everyday spending is a no-brainer for maximizing rewards.
- Blade Helicopter Rides: A luxurious way to use Bilt Cash for those who can earn it.
- Unlocking Rent Day Transfer Bonuses: Temporarily upgrade to the next status tier for better transfer ratios.
- Earning Points on Rent/Mortgage Payments: A high-value option, especially for those with significant housing costs.
The Bottom Line
Bilt 2.0 is like a rewards buffet—overwhelming at first, but packed with value once you dig in. Whether you’re boosting your earning rates, unlocking travel perks, or maximizing your housing payments, Bilt Cash adds a new layer of flexibility to an already robust program.
But here’s the question: With so many options, how will you choose to use your Bilt Cash? Let us know in the comments—we’re curious to hear your strategies! And stay tuned as we update you on how Bilt Cash evolves once it goes live.
