I first obtained the Bilt Rewards Mastercard in November 2021. Initially, the program partnered with another bank before transitioning to Wells Fargo in March 2022. Wells Fargo did not acquire the existing portfolio of cardholders at that time. The limited profitability from early adopters may have influenced this decision.
Over the past 27 months, new Bilt credit cards have been issued exclusively by Wells Fargo. The legacy cards are scheduled to be phased out by December 31, requiring current holders to apply for a new Wells Fargo product if they wish to continue using a Bilt card.
This application option is available through the Bilt app and includes a pre-filled application form. Applicants receive 10,000 points regardless of approval status if they apply by August 31.