Bilt Rewards: New Cards After Wells Fargo Split – A Fresh Start?

The Bilt Rewards program is undergoing a significant transition, moving away from its partnership with Wells Fargo and towards a new arrangement with Cardless. This shift, initially announced in July 2025, will fully take effect on February 7, 2026, fundamentally altering the landscape for Bilt Mastercard holders.

From Wells Fargo to Cardless: A Timeline of Change

For years, Wells Fargo handled the card issuing for Bilt, while Bilt concentrated on its rewards program and establishing partnerships. However, this arrangement proved costly for Wells Fargo, prompting the change. Current Bilt Mastercard holders can continue to use their existing cards without interruption until February 6, 2026. All points and membership details will remain the same during this period.

The transition isn’t a simple switchover. Bilt will be launching three new credit cards in partnership with Cardless, effectively replacing the existing Wells Fargo agreement. Existing cardmembers will be offered the opportunity to transition to one of these new Bilt Card 2.0 options. The card numbers will remain the same and digital wallets will automatically update, minimizing disruption for users. A soft credit pull will be performed for those who choose to transfer their balance from their old account.

Cardholders were able to “pre-order” these new cards starting on January 14, 2026, and had until January 30, 2026 to make their selection. The entire process is designed to be seamless, according to Bilt.

What Happens to the Existing Bilt Mastercard?

The existing Bilt Mastercard was discontinued for new applicants as of November 5, 2025. For current cardmembers, the path forward involves three options: transitioning to a new Bilt Card 2.0, closing their account, or allowing the card to convert to a Wells Fargo Autograph Visa® Credit Card with a different card number. Payments to the Wells Fargo account will no longer be supported in the Bilt account after February 6, 2026.

The New Bilt Card 2.0 Portfolio

The new Cardless-backed portfolio will consist of three cards, catering to different spending habits and preferences. These include a no-annual-fee card, a $95 annual fee card, and a $495 annual fee card. Details of these cards were revealed on January 14, 2026.

The Wells Fargo Autograph Visa® Card Option

Cardholders who choose not to transition to a new Bilt Card 2.0 will find their current Bilt Mastercard converted to a Wells Fargo Autograph Visa® Credit Card starting on February 7, 2026. The Autograph Visa Card offers unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services, and phone plans, and 1X points on other purchases. Rewards can be redeemed as a statement credit, gift cards, flights, or hotels. Notably, the Autograph Visa Card has no annual fee.

Cardholders will receive their Autograph Visa Card by early February 2026, but it can only be confirmed and used starting February 7, 2026. Attempts to use the card before this date will be declined.

Implications for Cardholders

The shift represents a significant change for Bilt Rewards members. While the promise of a seamless transition and the retention of existing points are reassuring, cardholders will need to carefully evaluate the new card options – or the Autograph Visa alternative – to determine which best aligns with their spending patterns and rewards preferences. The introduction of annual fee options within the Bilt Card 2.0 portfolio suggests a move towards a more tiered rewards structure, potentially offering increased benefits for those willing to pay a premium. The move away from Wells Fargo signals Bilt’s commitment to controlling more of the card experience and rewards program directly, partnering with Cardless to achieve this.