Wells Fargo Ends Bilt Card Issuance; New Options Launching February 2026

Bilt has announced significant changes to its credit card offerings, culminating in the launch of three new cards in partnership with Cardless on February 7, 2026. The transition phase means that current applicants for the Bilt Mastercard must submit applications by midday today, November 5, 2023, as no applications will be accepted until after the new cards are released.

Bilt’s New Card Lineup Launching February 2026

The upcoming Bilt credit cards will include various features and fee structures:

• A card with zero annual fee
• A card with an annual fee of $95
• A premium card with an annual fee of $495

While comprehensive information about the new cards remains limited, a more detailed announcement is expected in early January 2024. Current holders of the Bilt Mastercard issued by Wells Fargo can continue to use their cards without interruption until February 6, 2026, accumulating points as usual.

Conversion Options for Existing Cardholders

After the new cards launch, existing Bilt cardholders will have the opportunity to convert their cards to one of the new options from Cardless. This conversion will involve a soft credit inquiry and the new cards are expected to arrive by February 7, ensuring uninterrupted use. Additionally, essential features such as autopay settings and saved payment methods will carry over.

For those who opt not to transition to Cardless, they can retain their current Bilt Mastercard with Wells Fargo. However, it will be converted to an Autograph Visa, which will feature a new card number.

Mortgage Payment Enhancements

Bilt has partnered with United Wholesale Mortgage (UWM) to allow users to earn Bilt points on mortgage payments, irrespective of whether they own a Bilt credit card. This feature will be available to anyone who obtains one of the new cards from Cardless, making it easier for homeowners to earn rewards.

Details on earning rates and associated fees for mortgage payments using the new cards are still awaited, leaving some uncertainty about the overall value of this innovation.

Impact of the Transition on Credit Scores

Current Bilt cardholders should be aware that moving to the Cardless system will impact their Chase 5/24 status. This rule dictates that individuals who have opened five or more credit cards in the last 24 months may find it difficult to obtain new Chase cards. Anyone who transitions will see their new Cardless card reflected as a new entry on their credit report.

This situation poses potential challenges for users who might be counting on dropping below the 5/24 limit in the near future, highlighting the importance of timing when considering card conversions.

Conclusion

Bilt’s restructuring of its credit card offerings signifies a keen response to evolving consumer needs. With the official launch set for February 2026, many exciting details are still on the horizon. Customers interested in the new cards should act quickly to secure their applications while ensuring awareness of how the transition may affect their credit profiles.