Over the last four days I have priced the four bank currencies: Chase on Monday, Amex and Capital One on Tuesday, Citi yesterday. Bilt is the fifth, and it is the strangest one to price.
Not because the math is complicated. Because the entire program was rebuilt eight months ago. Bilt 2.0 launched in February 2026 with new cards, new rent-earning rules, and a new partner list. Most of the Bilt content ranking on Google was written for the old program and is now wrong in the details that matter.
So here is the direct answer, and then I will show my work. A Bilt point is worth 0.55 cents at the floor (statement credit), 1.25 cents through the Bilt Travel portal on every card, and 2 cents or more through airline and hotel transfers. The card you hold does not change those rates. What changes everything with Bilt is how you earn: this is the only major currency built around rent.
In this guide: the exact value of every Bilt redemption ranked, how the new rent earning rules work, the 26 transfer partners (and the notable one that is missing), a 100,000-point worked example, and the honest caveats, including the rent-spend catch that quietly shrinks the headline earn rates.
What a Bilt point is worth: every redemption, ranked
| Redemption | Value per point | Who gets it |
|---|---|---|
| Statement credit, rent credit | 0.55 cents | Every member; the floor |
| Amazon, gift cards, Lyft | 0.7 cents | Every member |
| Fitness classes, student loans | about 1 cent | Every member |
| Bilt Travel portal bookings | 1.25 cents | Every member, every card |
| Mortgage down payment | 1.5 cents | Homebuyers via Bilt |
| Transfer to airline and hotel partners | 2 cents and up | Every member; the ceiling |
Redemption rates are reported by points trackers; Bilt publishes no official rate card. Transfer values depend on the award you book and the cash price it replaces.
A few things in that table deserve attention. The 1.25-cent portal rate applies to every card, including the no-annual-fee Blue. No other major currency gives you a 1.25-cent simple redemption without a premium card. Chase reserves its portal boosts for Sapphire holders, and Citi never built one at all.
The 0.55-cent floor is the weak spot. It is the lowest cash floor among the five currencies I have priced this week. And Bilt Cash, the separate currency you earn on the 4%-back option, is worth $1 for $1 inside the Bilt app only. It does not transfer to partners. Do not confuse the two.
How Bilt earning works in 2026: the 2.0 reset
In February 2026 Bilt replaced the Wells Fargo Bilt Mastercard with three new cards on the Cardless platform, issued by Column N.A. The lineup: Bilt Blue (no annual fee, 1x on everyday spend), Bilt Obsidian ($95, your choice of 3x dining or 3x groceries, 2x travel), and Bilt Palladium ($495, 2x on everyday spend plus $600 in annual credits).
But the cards are the side story. The main story is rent. Bilt 2.0 gives you two ways to play the rent game.
Option 1: Housing-Only Rewards. Pay your full rent or mortgage through the Bilt app with no transaction fee, and earn points on it. The rate is tiered by how much you spend on the card each month relative to your rent:
| Monthly card spend vs rent | Rent earn rate | On $2,000 rent |
|---|---|---|
| At least 25% of rent | 0.5x | 1,000 points |
| At least 50% of rent | 0.75x | 1,500 points |
| At least 75% of rent | 1x | 2,000 points |
| 100% of rent or more | 1.25x | 2,500 points |
Tiers set in Bilt’s January 2026 CEO update. A 250-point monthly floor applies if the minimum spend is not met. Rent points are uncapped in 2.0; the old 100,000-point annual cap is gone.
Read that table carefully, because the headline “earn points on rent” is doing a lot of work. To get the full 1.25x on your rent, you need to run everyday spending equal to your rent through the Bilt card every month. On $2,000 rent, that means $2,000 in card spend to earn 2,500 points. Most people land in the lower tiers, and that is by design. The uncapped rent earning sounds generous until you see what it costs to unlock the top tier.
Option 2: 4% Bilt Cash. Take 4% back in Bilt Cash on everyday purchases instead of base points, and unlock points on rent at $30 of Bilt Cash per 1,000 points (up to 1x of your housing payment). This is the better choice if you mostly want simple cash-like value and do not care about transfers.
Then there is Rent Day, the first of each month: double points on non-housing spend, capped at 1,000 bonus points (about $500 in spend). Blue goes to 2x, Obsidian hits 6x on dining or groceries and 4x on
travel, Palladium goes to 4x. Rent Day is also when Bilt runs its rotating transfer bonuses, which change monthly.
The transfer partners: 26 of them, and the notable one missing
Bilt’s official transfer list (26 partners as of this fall: 18 airlines, 7 hotels, 1 rail) transfers at 1:1 almost across the board, with no transfer fees. Minimums are 2,000 points for Blue members and 1,000 for Silver status and above, in 1,000-point increments. Most transfers land instantly or within 48 hours. They are irreversible and must go to your own loyalty accounts.
The lineup covers the sweet spots that matter: World of Hyatt, Alaska’s Atmos Rewards, Qatar Privilege Club, Flying Blue, Virgin Atlantic, British Airways, Japan Airlines Mileage Bank, Cathay Pacific, Etihad Guest, Emirates Skywards, United, Southwest, Aeroplan, Turkish Miles&Smiles, and more. Hotels include Hilton, Marriott, IHG, Accor, and Wyndham. Amtrak joined in September 2026 as the 26th partner, transferring at 2:1.
And the missing one: American Airlines. Bilt ended its AAdvantage partnership in June 2024, and it has not come back. I wrote in yesterday’s Citi post that Bilt does not transfer to AA, and I re-verified it this morning because it sounded too convenient: it is accurate. Citi remains the only major transferable currency with a 1:1 path to American miles.
One deadline to know: Bilt to World of Hyatt goes from 1:1 to 4:3 on January 1, 2027. The 1:1 rate holds through December 31, 2026. I covered the full deadline math in detail last week, so I will not repeat it here. But if you hold Bilt points and Hyatt is in your future, the calendar is the strategy.
Quick plug, because it fits here: I ran a full Bilt Rewards masterclass inside the Miles Beyond Borders Club, a live learning session where I walked through the earning tiers, the transfer partners, and the redemption math step by step. More masterclasses like it live in there too. If you want the video walkthroughs alongside posts like this one, that is where to find them.
What 100,000 Bilt points actually buys
| Redemption | What you get | Real value |
|---|---|---|
| Statement credit | 100,000 points | $550 |
| Bilt Travel portal | 100,000 points | $1,250 in travel |
| Transfer to World of Hyatt (before Jan 1, 2027) | 100,000 Hyatt points | roughly $1,500 to $2,000 in hotel stays |
| Transfer to Qatar Privilege Club | 100,000 Avios | a one-way QSuites seat JFK to Doha at the 70,000 off-peak rate, with 30,000 left over |
Simple redemptions are exact math. Transfer values use trackers’ reported Hyatt valuations (around 1.5 to 2 cents) and Qatar’s published off-peak QSuites rate.
That gap, $550 to several thousand, is the whole Bilt argument. The same 100,000 points are either a mediocre cash-out or a business class seat, depending entirely on whether you transfer.
The honest caveats
The rent tiers are the catch. The uncapped rent earning is real, but the 1.25x top tier demands monthly card spend equal to your rent. Run the numbers on your own budget before assuming you earn the headline rate. Most renters earn somewhere in the middle of that table.
The 1.25-cent portal rate is flat. It applies to every card, which is generous, but there is no premium tier that raises it. Chase’s portal boost rewards holding the Sapphire Reserve. Bilt’s does not reward holding Palladium. That is fine for Blue holders and slightly disappointing for Palladium’s $495 fee.
The cash floor is the worst of the five. At 0.55 cents, Bilt’s statement credit floor sits below Chase (1 cent), Amex (0.6 cents), and roughly tied with Capital One and Citi at their weakest. If you will not transfer and will not use the portal, Bilt is the wrong currency for you.
No American Airlines, no pooling. AA transfers ended in June 2024 and Citi owns that lane now. And you cannot move Bilt points to another Bilt member at all. Your points go to your own loyalty accounts or nowhere.
The program is eight months old. Bilt 2.0 launched in February 2026. The Hyatt ratio change is already the second structural shift since launch. Treat every Bilt valuation, including this one, as a snapshot. Also note the new cards reportedly count toward Chase 5/24, and you get one welcome offer per lifetime across Bilt products, so do not churn these cards casually.
My take
Bilt is the best transferable currency for one specific person: a renter who transfers to partners and pays attention to Rent Day. For that person, it is not close. Nobody else lets you earn uncapped points on your largest monthly expense with no transaction fee and move them 1:1 to Hyatt, Alaska, and Qatar.
For everyone else, the 1.25-cent portal is the honest fallback. It is the easiest no-premium-card value in the game. Just know that it is the ceiling for non-transferers, not the floor, and the floor is 0.55 cents.
A point worth being honest about, because it trips people up: the 2.2-cent valuations you see quoted for Bilt come from trackers weighting premium cabin transfers. If you fly economy and book through the portal, your Bilt points are worth 1.25 cents. Still good. Just not 2.2.
Frequently Asked Questions
Do Bilt points expire?
No. Bilt’s own terms state that points do not expire as long as your account is open and active. They are forfeited only if the account is closed or goes inactive. There is no published fixed inactivity window, so do not let anyone tell you about an 18-month rule. That number comes from old blogs referencing the dead Wells Fargo card.
Can I transfer Bilt points to American Airlines?
No. The Bilt to AAdvantage partnership ended in June 2024 and has not returned. Among major transferable currencies, Citi ThankYou is currently the only one with a 1:1 path to American miles.
Do I need a Bilt credit card to transfer points?
No. A free Bilt Rewards membership earns points on rent and through Bilt’s partners, and transfers to airline and hotel partners are available to all members. The cards accelerate everyday earning and unlock Rent Day multipliers, but the transfer list is not card-gated.
Which Bilt card should I get: Blue, Obsidian, or Palladium?
Blue if you mainly want points on rent with no annual fee. Obsidian ($95) if you want 3x on dining or groceries (you pick one for the calendar year; groceries are capped at $25,000 a year) plus 2x travel. Palladium ($495) only if you will actually use the $600 in annual credits. The portal rate and transfer list are identical on all three, so do not pay an annual fee expecting better redemptions.
What happens to Bilt to Hyatt transfers on January 1, 2027?
The ratio drops from 1:1 to 4:3 for all members and all cards. A 60,000-point Hyatt night will cost 80,000 Bilt points instead of 60,000. The 1:1 rate holds through December 31, 2026, so planned Hyatt stays should be transferred and booked before the deadline.
The Bottom Line
A Bilt point is worth 0.55 cents cashed out, 1.25 cents through the portal, and 2 cents or more transferred to the right partner. The 2.0 program made rent earning uncapped but tiered, kept transfers at 1:1 with no fees, and took nothing away from the portal rate. It is the strongest currency in the game for renters who transfer, and an average one for everyone else.
Related Reading: How Much Are Chase Ultimate Rewards Points Worth? (2026 Guide) | How to Transfer Credit Card Points to Airlines: The Beginner’s Guide (2026 Guide) | Bilt Points to Hyatt Are Going 4:3 on January 1: Should You Move Yours Before the Deadline?
If you rent, Bilt pays you for it. Just transfer the points instead of cashing them out.
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