New Bilt Cash details are here — including option to earn 3x everyday points on the Palladium Card
Editor's Note
Buckle up, because Bilt continues to release details about its 2.0 program — which, as you may know, includes three new credit cards, two earning options and now an entirely new second rewards currency: Bilt Cash.
Bilt Cash does not replace Bilt Rewards Points, which are generally regarded as the most valuable type of loyalty program currency (per TPG's January 2026 valuations), largely due to their high-quality transfer partners. Instead, Bilt Cash can be earned alongside points and will unlock various credits, temporary status upgrades, the ability to earn more points on spending and other special goodies within the Bilt ecosystem.
This additional currency is also part of the trio of credit card welcome bonuses and can be earned at a 4% rate on nonhousing spend if you select that earning option.
But one of the lingering bigger questions from the Bilt 2.0 launch: What exactly does Bilt Cash do?
Now we know what it will do beginning Feb. 1.
Bilt unveils new Bilt Cash details
So, the short-ish answer: Bilt Cash can be cashed in for Blade helicopter rides, unlock better Rent Day transfer bonus tiers and be spent as credits with Bilt's partners such as Lyft and GrubHub, among others. There are monthly and annual caps for most of the partners and options.
There's a pretty exciting option that can increase the earning rates of both the Bilt Obsidian Card (see rates and fees) and the Bilt Palladium Card (see rates and fees) by a full point per dollar spent, which means that the Palladium can virtually earn you 3 points per dollar spent on purchases made using the card.
As a refresher, here are the welcome bonuses for the Bilt cards.
- Bilt Blue Card (see rates and fees): Earn $100 in Bilt Cash when you apply and are approved.
- Bilt Obsidian Card: Earn $200 in Bilt Cash when you apply and are approved.
- Bilt Palladium Card: Earn 50,000 bonus points and Bilt Gold status (through the rest of the calendar year in which it was earned and the following calendar year) after spending $4,000 on purchases in the first three months from account opening. Additionally, cardholders receive $300 in Bilt Cash upon approval and $200 in additional annual Bilt Cash.
And a quick reminder that with the Bilt 2.0 cards, outside of the welcome bonus Bilt Cash, you have to make a choice (that you can change monthly) on whether you will earn 4% in Bilt Cash on all everyday purchases (along with Bilt points), or to forgo earning Bilt Cash on your everyday purchases and instead count your everyday card spending toward spending tiers that unlock earning a set percentage of points on your rent or mortgage payments (up to 1.25 points).
How you can spend Bilt Cash
Before we dive into the Bilt Cash options we are most excited about based on the just-released list, here's the full list of ways that Bilt has announced that you will be able to spend your Bilt Cash. This list is very likely to evolve as time goes on, but it should give you a flavor for what is available at launch.
Dining and groceries
- GrubHub: Up to $10 credit each month toward restaurant and grocery delivery. Available starting March 1, 2026.
- Bilt's 15-minute home delivery powered by Gopuff: Up to $5 credit each month.
- GoPuff Fam (free delivery and discounted groceries): Up to $100 annually, redeemable for a monthly or annual membership. Available starting March 1, 2026.
- Bilt Dining partners via mobile dining checkout: One visit per month up to $25 (Bilt says this is expanding to thousands of restaurants nationwide this year).
- Bilt dining experiences: Up to $50 per month. Available March 1, 2026.
Cardholder exclusive bonus points
Cardholder exclusive bonuses are available when card earning is set to 4% back in Bilt Cash on everyday spend.
- Point accelerator on everyday spend on the Obsidian and Palladium Cards to enable one extra point per dollar on all everyday spend for the next $5,000 in spending following activation for a cost of $200 in Bilt Cash. Can be used for up to five activations per year and expires after $5,000 in spending or at the end of the year.
- Obsidian earnings when that offer is enabled: 4 points per dollar spent on dining or grocery, 3 points per dollar spent on travel, 2 points per dollar on everyday spend
- Palladium earnings when that offer is enabled: 3 points per dollar on everyday spend
- Unlock earning points on monthly rent or mortgage payments (with no transaction fees) at a rate of earning one point per dollar on up to $1,000 of your rent or mortgage payment per $30 in Bilt Cash spent, up to the amount of your rent or mortgage payment.
Travel and transportation
- Unlock higher transfer bonuses: Use Bilt Cash to unlock one tier higher on Rent Day transfer bonuses. For example, Gold members can unlock Platinum-level bonuses with this redemption. Platinum members can unlock an additional boost as well. This one has an example cost of $75, but it is also labeled subject to change.
- Hotel stays in the Bilt Travel portal: Redeem up to $50 a month for Blue and Silver Bilt members and $100 per month for Gold and Platinum members. There is a two-night minimum stay for these redemptions.
- Lyft credits: Up to $10 credit per month toward Lyft rides
- Blacklane rides: Redeem credit for Blacklane rides, up to $50/year (Blue & Silver), $100/year (Gold) or up to $150/year (Platinum).
- Blade credits: Redeem up to $350 per seat, up to two bookings per year. Available starting March 1, 2026.
- Unlock Home Away from Home benefits: Bilt Blue and Silver members can redeem $95 in Bilt Cash to unlock Home Away from Home hotel booking benefits. Available starting March 1, 2026.
- Priority Pass extra guest credits: Palladium cardholders can redeem Bilt Cash for up to two Priority Pass guest fees covered per month at $32 per guest (max $64 per month). Available starting March 1, 2026.
- Bilt Neighborhood parking: Redeem up to $5 per month at Bilt Neighborhood Parking locations. Available starting March 1, 2026.
Health and wellness
- Fitness classes in the Bilt app: Redeem up to $40 per month for a fitness class (including SoulCycle, Barry's, and others)
- Walgreens: Redeem up to $10 per month toward a Walgreens credit
- Bilt comedy experiences: Redeem up to $50 per month for Bilt comedy experiences. Available starting March 1, 2026.
- Bilt Design Collection: Redeem up to $10 per month toward Bilt Design Collection purchases.
Our potential favorite ways to use Bilt Cash
This is all new and very likely to evolve, but here are the Bilt Cash options that caught our eye right off the bat.
Earn 3 points per dollar spent on everyday purchases with the Bilt Palladium card
This is The Points Guy after all, so the first option that caught our eyes is the ability to cash in $200 in Bilt Cash to earn an additional 1 point per dollar on all of your nonhousing spending (up to $5,000) on both the Bilt Obsidian Card and the Bilt Palladium Card, up to five times year year.
Therefore, with the Obsidian Card, you could earn:
- 4 points per dollar spent on dining or grocery purchases (up to $25,000 per year for the dining or grocery bonus)
- 3 points per dollar spent on travel
- 2 points per dollar spent on everyday spending
On the Bilt Palladium Card, you could earn 3 points per dollar spent on everyday purchases.
With the additional bonus on the Palladium card, that is an incredible return of 6.6 cents per dollar on everyday spending, per TPG's January 2026 valuations. Assuming you often maximize your Bilt Rewards with high-value transfer partners such as World of Hyatt and Atmos Rewards, or via Bilt's periodic Rent Day transfer bonuses, that's an option absolutely worth considering for those who plan to put everyday spending on this card.
What makes this especially interesting is that you can do it up to five times per year. Once you reach the $5,000 spending cap, you can unlock the additional point bonus again up to that annual cap by cashing in another $200 in Bilt Cash, which you'd earn after spending $5,000 at the 4% Bilt Cash earning rate. Rinse and repeat a few times, as they say.
Blade helicopter rides
For those who are in a position to earn a lot of Bilt Cash, Blade looks like a good way to put that cash to use doing something you may not always otherwise get to do.
For those not familiar, Blade is the helicopter service that can take you to/from Manhattan to New York's John F. Kennedy International Airport (JFK) and Newark Liberty International Airport (EWR) in a matter of minutes.
Most Blade flights currently start at $270 per seat, according to my searches (though Blade advertises a starting price of $195), so using up to $350 in Bilt Cash a max of twice per year should be enough to cover most Blade flights to those NYC-area airports.
Unlock the next status tier of transfer bonuses on Rent Day
This Bilt Cash option has the potential to be very interesting — though exactly how interesting will depend on the details of each transfer bonus and the amount of Bilt Cash required to unlock the next status tier of ratios.
But let's say you have Bilt Gold status by virtue of holding the Bilt Palladium Card. With this Bilt Cash redemption option, you will be able to use a yet-to-be-announced amount of Bilt Cash to unlock the next transfer bonus ratio normally reserved for the Platinum tier of Bilt members.
Thinking of the December 2025 Rent Day transfer bonus to Avios, that would have theoretically meant that instead of getting a 75% bonus as a Bilt Gold member, you could have used Bilt Cash to buy up to the 100% transfer bonus tier normally reserved for Bilt Platinum members.
If you were transferring 100,000 Bilt points (at a 100% bonus) by temporarily unlocking the Platinum tier that was available in that month, you would receive 25,000 more Avios than you would have at the Gold tier with its 75% bonus. Assuming the price stays in the $75 Bilt Cash range that was announced today, that's a potentially great value.
Related: Best ways to redeem British Airways Avios: From flights to Hawaii to island hopping in the Caribbean
Earn points on rent or mortgage payments
Last but absolutely not least, the option to use Bilt Cash to unlock earning points on rent or mortgage payments is absolutely high on our interest list.
You can earn 1 point per dollar spent on rent or mortgage payments for every $1,000 of payments made with $30 in Bilt Cash. So, if your monthly housing payment is $2,500 and you want to earn 1 point per dollar, it would take $75 in Bilt Cash to make those 2,500 Bilt points a reality. Of course, you can opt to use less Bilt Cash to earn points on a smaller percentage of your housing payment.
Mathematically, this is actually an even more rewarding option than the ability to redeem $200 in Bilt Cash to earn an extra point per dollar on $5,000 in spending on the Obsidian or Palladium Cards. At a rate of $30 in Bilt Cash per 1 point per dollar spent on $1,000 in housing payments, you'd actually be able to earn 1 point per dollar on up to $6,666 of housing payments with $200 in Bilt Cash, rather than the $5,000 of 1 bonus point per dollar on everyday spending on the cards, if you wanted to look at it that way.
Of course, this isn't necessarily an either / or situation, so perhaps the right way to look at it all, assuming you earn enough Bilt Cash, is "why not both?"
Bottom line
Much like a gigantic multi-page Cheesecake Factory menu, the Bilt 2.0 rollout has been a lot to take in all at once.
The upside is that you have many choices, including how you earn and use Bilt Cash. But that breadth of choice can also admittedly make it feel a little overwhelming at first, especially right now, as none of this is live for use quite yet.
But potentially earning 3 points per dollar spent on the Palladium Card (unlocked when redeeming $200 in Bilt Cash, capped at $5,000, five times per year) is a very solid option. And of course, using Bilt Cash to unlock earning fee-free points on your rent or mortgage payment is not only core to the Bilt program, but an excellent use of Bilt Cash.
We'll certainly update more as Bilt Cash goes live and likely evolves.