New Bilt Cash Details: Earn 3x Points and More with the Palladium Card

Buckle up because Bilt continues to release details about its 2.0 program – which, as you probably know, includes three new credit cards, two earning options, and now a brand new second rewards currency: Bilt Cash.

Bilt Cash does. no Replacing Bilt Reward Points, which are generally considered the most valuable loyalty program currency type (according to TPG’s January 2026 valuation), largely due to its high-quality transfer partners. Instead, Bilt Cash can be earned alongside Points and will unlock a variety of Points, temporary status upgrades, the ability to earn more Points through spending, and other special items in the Bilt ecosystem.

This extra currency is also part of the credit card’s welcome bonus trio, and you can earn it at a 4% interest rate on non-housing expenses if you choose that earn option.

But there’s been a bigger question surrounding the launch of Bilt 2.0: What exactly does Bilt Cash do?

Now we know what it will do starting February 1st.

Bilt announces new Bilt Cash details

So, the short answer is: Bilt Cash can be redeemed for Blade helicopter rides, unlocking better rental day transfer bonus tiers, and spent as points with Bilt partners like Lyft and GrubHub, among others. Most partners and options have monthly and annual caps.

There is a very exciting option that can improve yields on both birt obsidian card (See Rates and Fees) and Birt Palladium Card (See Rates & Fees) Earn 1 point per $1 spent, which means Palladium actually earns you 3 points for every $1 spent with this card.

As a refresher, here are Biltcard’s welcome bonuses.

• birt blue card (See Rates & Fees): Earn $100 in Bilt Cash when you apply and are approved.
• birt obsidian card: Earn $200 in Bilt Cash when you apply and are approved.
• Birt Palladium Card: Earn 50,000 bonus points and Bilt Gold status after you spend $4,000 in the first three months of account opening (for the remainder of the calendar year you earned the bonus and the following calendar year). Additionally, cardholders receive $300 in Bilt Cash upon approval and an additional $200 in annual Bilt Cash.

As a quick reminder, with the Bilt 2.0 card, in addition to the welcome bonus Bilt Cash, you’ll have to make a choice (which you can change each month) whether to earn 4% of Bilt Cash (and Bilt points) on all daily purchases, or to forego earning Bilt Cash on daily purchases and instead have your daily card spending count toward a spending tier, unlocking the ability to earn a percentage of points (up to 1.25 points) on your rent or mortgage payments.

How to use Bilt Cash

Before we delve into Bilt Cash options, we most Excitingly based on the just-released list, here’s the full list of ways Bilt has announced you’ll be able to spend Bilt Cash. This list will likely change over time, but it should give you an idea of ​​what will be available at launch.

Catering and groceries

• GrubHub: Credits available for up to $10 per month toward restaurants and grocery delivery. On sale from March 1, 2026.
• Bilt’s 15-minute home delivery service is powered by Gopuff: up to $5 in credit per month.
• GoPuff Fam (free delivery and discounted groceries): Up to $100 per year, redeemable for a monthly or annual membership. On sale from March 1, 2026.
• Bilt Dining works with partners through mobile dining checkout: once a month for up to $25 (which Bilt says will expand to thousands of restaurants nationwide this year).
• Bilt Dining Experience: Up to $50 per month. Available on March 1, 2026.

Exclusive bonus points for cardholders

When the card earnings on daily purchases are set to 4% of Bilt Cash, cardholders can enjoy exclusive bonuses.

• A point accelerator for everyday purchases on the Obsidian and Palladium Cards, spend $200 in Bilt Cash upon activation and earn an additional 1 point per $1 on all daily purchases over the next $5,000 in purchases. It can be activated up to five times per year and expires after $5,000 in purchases or at the end of the year.
• After enabling this offer, Obsidian earns: 4 points per $1 spent on dining or groceries, 3 points per $1 spent on travel, and 2 points per $1 spent on everyday purchases
• Palladium earnings after enabling this offer: 3 points for every $1 spent on daily purchases
• Unlock earning points on your monthly rent or mortgage payment (no closing fees) and earn 1 point for every $30 of Bilt Cash spent and $1,000 in rent or mortgage payments, up to the amount of your rent or mortgage payment.

Travel and transportation

• Unlock higher transfer bonuses: Use Bilt Cash to unlock higher levels of rental day transfer bonuses. For example, Gold members can unlock Platinum level bonuses through this redemption. Platinum membership also unlocks additional boosts. An example of this product costs $75, but is also marked as subject to change.
• Hotel accommodations in the Bilt Travel portal: Bilt Blue and Silver members can redeem up to $50 per month, and Gold and Platinum members can redeem up to $100 per month. The minimum stay for these redemptions is two nights.
• Lyft Points: Up to $10 in monthly credit for Lyft rides
• Blacklane Travel: Redeem points for Blacklane travel up to $50/year (Blue and Silver), $100/year (Gold) or up to $150/year (Platinum).
• Blade Points: Redeem up to $350 per seat, up to two reservations per year. On sale from March 1, 2026.
• Unlock Home Away From Home Offers: Bilt Blue and Silver members can redeem $95 in Bilt Cash to unlock Home Away From Home hotel reservation offers. On sale from March 1, 2026.
• Priority Pass Extra Guest Points: Palladium cardholders can use Bilt Cash to redeem up to 2 Priority Pass guests per month for $32 per guest (maximum $64 per month). On sale from March 1, 2026.
• Bilt Neighborhood Parking: Redeem up to $5 per month at Bilt Neighborhood Parking. On sale from March 1, 2026.

health and wellness

• Fitness Classes in the Bilt App: Redeem up to $40 per month for fitness classes (including SoulCycle, Barry’s, and more)
• Walgreens: Redeem up to $10 per month to earn Walgreens points
• Bilt Comedy Experience: Redeem up to $50 per month for the Bilt Comedy Experience. On sale from March 1, 2026.
• Bilt Design Collection: Redeem up to $10 per month to purchase the Bilt Design Collection.

Our favorite ways to use Bilt Cash

This is brand new and will likely evolve, but here are the Bilt Cash options that immediately caught our attention.

Earn 3 points for every $1 spent on everyday purchases with the Bilt Palladium Card

After all, this is the points guy, so the first option that caught our eye was the ability to cash out $200 in Bilt Cash to earn an additional 1 point per dollar on all your non-housing expenses (up to $5,000) birt obsidian card and Birt Palladium Cardup to five times per year.

So with Obsidian cards you get:

• Earn 4 points for every $1 spent on dining or groceries (up to $25,000 in annual dining or grocery bonuses)
• Earn 3 points for every $1 spent on travel
• Earn 2 points for every US$1 spent on daily purchases

Earn 3 points for every $1 spent on everyday purchases with the Bilt Palladium Card.

With the added bonus of the Palladium card, this is excellent Based on TPG’s January 2026 valuation, it would have returned 6.6 cents per dollar on daily spending. Assuming you regularly maximize your Bilt rewards through high-value transfer partners like World of Hyatt and Atmos Rewards or through Bilt’s regular rental day transfer bonuses, this is an option definitely worth considering for those who plan to put their daily spending on this card.

What’s particularly interesting is that you can do this up to five times per year. Once you reach your $5,000 spending cap, you can unlock additional point bonuses again by cashing in another $200 of Bilt Cash, which you can earn after you spend $5,000 at the 4% Bilt Cash earning rate, until you reach your annual cap. As they say, rinse and repeat a few times.

Blade Helicopter Ride

For those with the ability to earn a lot of Bilt Cash, Blade looks like a great way to use that cash to do things you might not otherwise be able to do.

For those unfamiliar, Blade is a helicopter service that takes you to and from Manhattan to New York’s John F. Kennedy International Airport (JFK) and Newark Liberty International Airport (EWR) in minutes.

Based on my searches, most Blade flights currently start at $270 per seat (although Blade advertises prices starting at $195), so $350 in Bilt Cash, used up to two times a year, should be enough to cover the cost of most Blade flights to New York-area airports.

Unlock the next level of transfer bonus on loan day

This Bilt Cash option has the potential to be very interesting—although exactly how The fun will depend on the details of each transfer bonus and the amount of Bilt Cash required to unlock the next status level ratio.

But let’s say you have Bilt Gold status because you hold Birt Palladium Card. With this Bilt Cash redemption option, you will be able to use a yet-to-be-announced Bilt Cash amount to unlock the next transfer bonus percentage normally reserved for Bilt Platinum members.

Taking into account the December 2025 lease date Avios transfer bonus, this theoretically means you can use Bilt Cash to purchase the 100% transfer bonus tier normally reserved for Bilt Platinum members, instead of getting the 75% bonus as a Bilt Gold member.

If you transfer 100,000 Bilt points (100% bonus) by temporarily unlocking the Platinum tier available for the month, you will receive 25,000 more Avios than Gold tier (with 75% bonus). Assuming the price stays within the $75 Bilt Cash range announced today, this could be a great value.

Related: The best ways to redeem British Airways Avios: From flights to Hawaii to island hopping in the Caribbean

Earn points by paying your rent or mortgage

Last but not least, using Bilt Cash to unlock the option to earn points on rent or mortgage payments is definitely the option we’re most excited about.

Use $30 of Bilt Cash to pay for every $1,000 of rent or mortgage payment and earn 1 point for every $1 spent. So, if your monthly housing payment is $2,500 and you want to earn 1 point per dollar, you would need $75 in Bilt Cash to make those 2,500 Bilt points a reality. Of course, you can choose to use less Bilt Cash to earn points on a smaller percentage of your home payment.

Mathematically, this is actually a better value option than earning $200 in Bilt Cash for every $1 spent on $5,000 spent on the Obsidian or Palladium Cards. At a rate of $30 Bilt Cash per 1 point per $1,000 in home payments, you could actually use $200 in Bilt Cash to earn 1 point on up to $6,666 in home payments, rather than earning 1 bonus point per $1,000 spent on the card every day (if you want to look at it that way).

Of course, it’s not necessarily an either/or situation, so assuming you’ve earned enough Bilt Cash, maybe the right way to look at it all is “Why not both?”

bottom line

Like a giant, multi-page Cheesecake Factory menu, the launch of Bilt 2.0 makes a lot of sense at once.

The good thing is that you have a lot of options, including how to earn and spend Bilt Cash. But admittedly, the sheer breadth of options can also feel a little overwhelming at first, especially now that none of this is live yet.

But earning 3 points for every $1 spent on the Palladium card (unlocked by redeeming $200 in Bilt Cash, up to a limit of $5,000, five times per year) is a pretty solid option. Of course, using Bilt Cash to unlock free points towards earning rent or mortgage payments is not only the core of the Bilt program, but also a great way to use Bilt Cash.

We will definitely update with more information as Bilt Cash comes online and may develop.