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Bilt Rewards is set to introduce three new credit cards next year, based on feedback from its members. The company announced the launch of these cards, developed in partnership with Cardless, as part of its expansion efforts supported by $250 million in new funding. The new offerings will include a no-fee card, a $95-annual-fee card, and a $495-annual-fee card.
Ankur Jain, Bilt's founder, assured that the transition for current Bilt Mastercard holders from Wells Fargo to the new platform would be seamless. "We're going to make it super seamless so you can kind of learn all the details, pick what you want and really seamlessly transition into the new card without having to change any of your behavior," Jain stated during a media call.
Details about rewards structures and other benefits will be disclosed later this year. "Unfortunately, Bilt isn't saying much more about the new cards now," but further information is expected in early fall.
