Mostly PointsWhich Bilt option
fits your spending?
Flexible Bilt Cash and Housing-only rewards already exist. Bilt is retiring Flexible Bilt Cash for most cardholders. If you opened your account before January 1, 2027, you can elect to keep it before your first card anniversary on or after January 1, 2027. Otherwise, your account moves to the updated benefits at that anniversary.
Flexible Bilt Cash earns 4% Bilt Cash on everyday spending. Housing-only earns up to 1.25X housing points based on each billing cycle’s spending. The updated annual credits also change the math. Compare a full year under each setup to see which fits the spending and credits you’ll actually use.
This comparison uses the published rollout terms. Confirm current terms with Bilt before making an election.
Estimated annual value of benefits that change. Regular purchase points, annual fees, and unchanged perks are excluded. Both options use the same eligible net spending. This is a comparison of changing benefits, not the card’s total value or guaranteed cash savings.
Your Housing-only rewards tier
Each billing cycle stands on its own. Below 25% spending, the account receives the 250-point floor when you pay housing through Bilt.
See where the Bilt Cash goes
| Annual allocation | Flexible Bilt Cash | Housing-only |
|---|
Each dollar is used once. Cash left over gets $0 value in this comparison. The model tries 0–5 accelerators and assigns the remaining Cash to your most valuable eligible uses.
Timing matters. This is a full-year planning estimate after the 2027 benefit choice, not a forecast for the transition year. It assumes Cash is available before redemption and purchases happen after accelerator activation. Banked Cash can bridge low-spend months, but existing balances, posting dates, and expiration timing are not modeled.
A few things behind the numbers.
The choice and the deadline
For an account opened before January 1, 2027, select Flexible Bilt Cash and make the legacy election in Bilt’s card settings before your first card anniversary on or after January 1, 2027 to keep it. Check the date in Bilt: it is based on the first billing cycle after opening, so some late-2026 accounts can have a 2028 deadline. Accounts opened on or after January 1, 2027 receive the updated benefits from opening.
Once you make the legacy election, you cannot toggle between the two rewards options. You can later leave Flexible Bilt Cash permanently, effective the next billing cycle. This calculator compares retaining Flexible Bilt Cash with the normal anniversary change. A later switch after a legacy election has separate credit-conversion rules and is outside this estimate.
Rewards and annual credits
Flexible Bilt Cash: Earn 4% Bilt Cash on eligible everyday purchases. Redeem $3 of Bilt Cash for 100 housing points, up to 1 point per housing dollar. You choose how much Cash to redeem. Palladium retains $200 annual Bilt Cash and $400 in hotel credits; Obsidian retains $100 in hotel credits.
Housing-only rewards: Earn 0.5X housing points when everyday spending reaches 25% of housing payments, 0.75X at 50%, 1X at 75%, and 1.25X at 100%. These tiers already exist. With the updated benefits, Palladium receives $600 annual Bilt Cash and Obsidian $100, replacing their separate hotel credits. Blue has no annual credit under either setup.
Annual Bilt Cash credits are issued on the card anniversary. Retained hotel credits are split between January–June and July–December. This estimate includes one full annual Cash grant and your selected hotel use.
Count usable value
Bilt Cash is promotional credit with specific redemption limits. Starting January 1, 2027, Cash hotel redemptions change from monthly to two per calendar year: up to $50 each for Blue/Silver status or $100 for Gold/Platinum. Eligible Palladium accounts on the updated benefits can redeem up to $200 each. A two-night minimum applies. These redemptions spend your Cash balance and can be combined with retained hotel credits.
A Point Accelerator costs $200 Bilt Cash for 1 extra point per eligible dollar on up to $5,000, up to five times per calendar year for Obsidian and Palladium. It applies only to the activating member’s selected card. Unused capacity expires at year-end. After that qualifying anniversary, the rewards-option restriction ends; before then, Housing-only does not qualify.
The calculator uses your point value and credit-use assumptions to choose the most valuable Cash allocation. Each dollar is spent once; unredeemed Cash gets $0 value. Starting October 27, 2026, Cash expires at the end of the month 12 months after earning, including Cash retained under the legacy election.
What the estimate leaves out
Welcome offers, Daily Rewards, tax effects, rewards on other cards, existing Cash, and transition-year timing are excluded. Milestone Cash is optional and entered separately for each option; it is not generated automatically from the result. Results less than $100 apart are labeled a close call, our editorial threshold.
Independent educational estimate by Mostly Points. Bilt confirms your eligibility. We use the October 27 offer and Cash terms where the FAQ still contains conflicting older language about Cash expiration or how much Cash must be redeemed.
Official sources: Card offer terms · Bilt Cash terms · Program and election FAQ · 2027 announcement · Bilt Cash guide. Checked October 30, 2026.