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Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
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Why I'm putting the majority of my spending on 1 card in 2026
Featured image by KSENIYA OVCHINNIKOVA/GETTY IMAGES
Augusta Stone is a credit cards writer for TPG. She joined the TPG team in 2023 and is excited to take points and miles beginners with her on a journey toward maximizing rewards.
March 3, 2026 • 12 min read
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Editorial note: TPG founder Brian Kelly is a Bilt adviser and investor.
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Quick summary
Bilt has overhauled its rewards program, shifting from a focus on rent points to a broader ecosystem encouraging regular engagement.
Members can now choose between flexible Bilt Cash redemptions or housing-only rewards, with the ability to switch structures monthly.
The program offers valuable transfer options to 25 airline and hotel partners, with points valued at 2.2 cents each as of February 2026 per TPG's valuations.
Bilt is especially appealing for renters or homeowners who can align their monthly spending with their housing payments to maximize rewards.
What to consider
Choosing between earning structures impacts how points are accrued on housing payments and everyday purchases.
Some benefits, such as bonus categories or statement credits, may be better on other cards for specific purchases like rideshares or hotel stays.
Bilt points can be transferred to major airline and hotel partners, offering flexibility for various travel goals.
What you'll miss from the article
A detailed breakdown of the new Bilt earning structures and strategies to maximize rewards based on your spending profile.
Generated by AI with support from our editorial team.
There's been a lot of news for Bilt members (like me) to wrap our heads around. To put it simply, the program I've been using for easy rent points since 2023 no longer exists in the form I knew. But that doesn't mean I'm abandoning Bilt Points, my favorite rewards currency on the market. In fact, I'm doing the opposite.
I'm going all in on Bilt in 2026. I have the premium (see rates and fees) in hand, and it will cover about 90% of my spending for the rest of the year.
Why do this? It's obvious to me that Bilt has been redesigned to encourage members to engage regularly with its program. From "unlocking" points on housing with everyday spending to the long list of Bilt Cash redemption options, there is plenty of evidence that Bilt wants people to see its program as more than just the card to earn rent points.
So, I'm going to dive into Bilt's ecosystem and see what it's all about. Here are five reasons why it makes sense for my strategy to lock in on Bilt.
I'll earn up to 1.25 points per dollar spent on rent
Rent is by far my steepest monthly expense, and earning points on my rent was what drew me to Bilt nearly three years ago. My partner and I split our $1,901 in rent each month in Greenville, South Carolina.
When Bilt changed how rewards are earned on its cards, I had to choose between two earning structures:
Flexible Bilt Cash: Redeem Bilt Cash to unlock Bilt points on your housing payment at the following rate: $30 in Bilt Cash equals earning up to 1 point per dollar spent on $1,000 of your housing payment (maintaining the ability to earn 4% Bilt Cash on all nonhousing purchases).
Housing-only rewards (no Bilt Cash): Earn Bilt points automatically on your housing payments each billing cycle based on how much you spend on everyday purchases with your Bilt card (forgoing the ability to earn 4% Bilt Cash on all nonhousing purchases). The number of points you earn depends on how much everyday spending you have compared to your monthly housing payment during that billing cycle.
I can switch my earning structure month to month, and that flexibility plays a part in my strategy.
JOHNNYGREIG/GETTY IMAGES
In the housing-only option, there are four tiers for me to land in, based on the nonhousing spending I make on the . With my $1,901 rent as the basis, here's how these tiers work out for me:
Spend $475.25 (25% of my housing) on everyday purchases with my Bilt Palladium to earn 950 points for that payment (0.5 points per dollar spent)
Spend $950.50 (50% of my housing) on everyday purchases with my Bilt Palladium to earn 1,426 points for that payment (0.75 points per dollar spent)
Spend $1,425.75 (75% of my housing) on everyday purchases with my Bilt Palladium to earn 1,901 points for that payment (1 point per dollar spent)
Spend $1,901 (100% of my housing) on everyday purchases with my Bilt Palladium to earn 2,376 points for that payment (1.25 points per dollar spent)
For now, I'm choosing to earn housing-only rewards, but that could change in the next few months. I expect to put anywhere from $2,000 to $3,000 (on average; some months may skew more or less) on my card each month, and that would get me an easy 2,376 points for my rent.
For many Bilt members, especially those in areas with high costs of living, spending up to the cost of their rent or mortgage on a credit card may not be a responsible choice. This works out for me and my partner, but it isn't the case for everyone.
ALEKSANDARNAKIC/GETTY IMAGES
Another reason why I'm opting for housing-only rewards right now is that $500 in Bilt Cash was automatically deposited into my account, thanks to the Bilt Palladium's welcome offer and its annual $200 in Bilt Cash benefit (up to $100 of Bilt Cash earned rolls over to the next year).
While there are multiple uses for Bilt Cash, the ones that entice me the most are the ability to accelerate my earnings on everyday spending and unlock higher transfer bonuses.
When my Bilt Cash account is running low, I may adjust my housing rewards structure based on how many Bilt points I currently have and how many I want to collect that month.
I'll receive up to 3 points per dollar spent on everything
Since I started out with $500 in Bilt Cash with the , I quickly redeemed $200 to earn 1 more point per dollar spent on everyday spending for the next $5,000 in purchases made following activation.
The Bilt Palladium earns 2 points per dollar spent on everyday spending as a baseline, so this will bring me up to 3 points per dollar spent on everything — a whopping 6.6% return, per TPG's February 2026 valuations.
This accelerator helps the Bilt Palladium outpace my Capital One Venture X Rewards Credit Card, the card I formerly used for everyday purchases. (It earns 2 miles per dollar spent on most purchases.)
MASKOT/GETTY IMAGES
I will be forgoing my 's 5 points per dollar spent on airfare purchased directly or through American Express Travel® (on up to $500,000 of airfare purchases per calendar year, then 1 point per dollar spent), but since I have a high balance of American Express Membership Rewards points right now, I don't feel like I'm missing out on much.
The only other high-value bonus categories I'll be passing up are on my (see rates and fees).
I most frequently use my Sapphire Preferred to earn 5 points per dollar spent on Lyft rides (through Sept. 30, 2027) and 3 points per dollar spent on dining and select streaming services. I'd rather earn Bilt points than Chase Ultimate Rewards points right now since I'm happy with my Chase points balance, so that's why I'm making that decision.
The (few) cases when I won't move my spending to the Bilt Palladium
The vast majority of my everyday spending, from groceries and gas to date nights and utility bills, will be put on my Bilt Palladium. However, there are just a couple of purchases I will not be moving from other cards in my setup.
DoorDash: I'm enrolled in a complimentary DoorDash DashPass membership through 2029 thanks to my Sapphire Preferred, so I'll keep that card linked for the benefit. Thankfully, I rarely use DoorDash, so this won't be a huge expense off my Bilt Palladium.
Paid Hilton stays: My earns 12 points per dollar spent at Hilton properties, and I am putting at least some Hilton-related spending on this card once per quarter to receive up to $50 in statement credits each quarter (up to $200 annually) on eligible Hilton purchases.
Uber: I receive up to $200 in annual Uber Cash thanks to my Amex Platinum (up to $15 each month and an extra up to $20 in December; Uber Cash will only be deposited into one Uber account when adding the Amex Platinum as a payment method and redeeming with any Amex card), and I will keep that card linked to that account to collect this bonus.
YouTube TV: The Amex Platinum also provides up to $300 in digital entertainment statement credits annually, split into monthly increments of up to $25 (enrollment required). This slashes 30% off my $82.99 monthly YouTube TV bill, and I can't part ways with that perk.
For the last couple of years, I haven't been able to keep my Bilt points balance high enough — because I'm always redeeming them.
TPG values Bilt points at an industry-leading 2.2 cents apiece, according to its February 2026 valuations, and I frequently get even more value from them.
As of writing this article in February 2026, I have more than 165,000 American Express Membership Rewards points, 105,000 Capital One miles and 54,000 Chase Ultimate Rewards points.
FG TRADE/GETTY IMAGES
I'm happy with where these balances are, especially in relation to my Bilt points balance, which hovered around just 10,000 points when I opened the .
Pivoting to Bilt makes sense for me right now because I don't want to earn more points and miles in other currencies. However, I will also periodically check up on this and reassess how I'm feeling.
I could always change my mind, especially if I need one particular currency for a redemption. If you want to truly maximize your points and miles, flexibility is always important.
When I weighed out the pros and cons of each new Bilt card, the easily stood above the rest.
Why? It's the only card that lets you earn Bilt points as part of its welcome bonus.
Here are the three bonus offers to help you make up your mind on which may be best for you:
($0 annual fee; see rates and fees): Receive $100 in Bilt Cash when you apply and are approved.
($95 annual fee; see rates and fees): Receive $200 in Bilt Cash when you apply and are approved.
($495 annual fee; see rates and fees): 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 everyday purchases in the first 90 days from account opening. Plus, cardholders receive $300 in Bilt Cash upon approval.
I'll be the first to admit I'm more invested in credit cards and travel rewards than the average person. For many folks, this level of engagement with any program — let alone something as complicated as Bilt — won't fit into their strategy.
However, you don't have to overanalyze your setup to get value from Bilt. I'd recommend building a one-card setup around a Bilt card to two types of people: renters in low-to-moderate cost-of-living areas and homeowners who can comfortably spend up to the cost of their mortgage each month (to unlock full housing rewards).
Of course, you can fit a Bilt card into your card strategy and completely ignore earning rewards on housing. Or, you can sign up for Bilt and connect your other cards to your account to earn points without having a Bilt card. You don't have to do what I'm doing to find some value in the Bilt ecosystem.
I'm choosing to maximize my Bilt points earnings, but I will be consistently checking the math and adjusting my strategy if needed.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
