Bilt Cash Overview: What You Need to Know in February 2026

With the new Bilt cards, Bilt Cash has become an important rewards currency. Not only do you now need to select if you want to earn "Housing Only Rewards" or "Flexible Bilt Cash," but anyone who gets a new Bilt Card gets Bilt Cash as a part of their new cardmember offer.

Bilt Cash sounds exciting because there's a lot of redemption opportunities. However, the pros and cons show up later when you're trying to redeem and hit monthly limits, expiration dates, and partner restrictions that weren't obvious upfront. We'll help you figure out which Bilt Cash redemptions are worth your time and which ones just create extra work.

TLDR:

• Bilt Cash is a secondary currency that can be redeemed for Bilt Points (when paying rent/mortgage) and 1:1 dollar value for select dining, travel, and lifestyle redemptions
• All Bilt Cash expires in the calendar year it is earned, with only $100 rolling over, and most categories have monthly redemption caps
• There is a mathematical order to the best/worst ways to use your Bilt Cash

What Is Bilt Cash and How Does It Work

Bilt Cash is a secondary rewards currency that came into the limelight with the new Bilt card lineup. It works separately from Bilt Points, the original rewards currency. You can think of Bilt Cash as a parallel earning structure that introduces new ways you can use use rewards within Bilt's ecosystem.

When you choose the "Flexible Bilt Cash" option on one of the new Bilt cards, you'll earn 4% Bilt Cash on everyday purchases. You'll also get $50 in Bilt Cash for every 25,000 Bilt Points you earn. There are several ways you can redeem Bilt Cash, but not all methods are equal:

• Credits: Lyft, Grubhub, select restaurants, etc.
• Rent: Convert Bilt Cash into Bilt Points at a rate of $0.03 Bilt Cash = 1 Bilt Point
• Points Accelerator: Enable +1x bonus points on all everyday spend for the next $5,000 following activation (only for Obsidian & Palladium)

The downside is that Bilt Cash can only be used within Bilt's network. You can't cash it out or transfer it to other programs.

Bilt Cash Redemption Options Explained

Bilt Cash redemptions work across a defined partner network, with some options subject to monthly or yearly caps. Here's where you can put your balance to work.

Dining and Food Delivery

Redeem Bilt Cash for Grubhub delivery credit, Mobile Dining Checkout at select restaurants, or exclusive dining experiences through Bilt's app. These options work well for covering routine meals or special dining events.

Transportation

Lyft rides, Blacklane premium car service, and BLADE helicopter flights are all eligible Bilt Cash redemptions. If you have a regular commute or frequent work travel, these categories offer solid value.

Hotels

When booking hotels through the Bilt Travel Portal, you can use Bilt Cash to offset your bill. Two night minimum required & the amount you can use depends on your Bilt status:

• Up to $50/month for Blue & Silver members
• Up to $100/month for Gold & Platinum members

Home and Lifestyle

Bilt Cash can be used towards fitness classes, Gopuff deliveries, Walgreens purchases, and parking fees. If dining or travel doesn't match your spending patterns, these everyday categories add useful variety.

Unique Perks

You can apply Bilt Cash to unlock higher transfer bonuses with airline and hotel partners or activate the Point Accelerator feature for boosted earning rates on future purchases.

Key Advantages of Using Bilt Cash

When it works, Bilt Cash stands to provide enormous value.

When redeeming Bilt Cash on Lyft rideshare, Grubhub, Gopuff deliveries, etc, every Bilt Cash dollar you earn equals exactly one USD dollar in value. There's no conversion chart to reference or complicated redemption math.

If you're already paying rent or a mortgage, Bilt Cash lets you earn points on those points. Redeeming every $0.03 in Bilt Cash unlocks 1 Bilt Point, which turns regular housing spending into rent rewards. So, if you have a $1,000 housing payment, you need $30 Bilt Cash to earn 1,000 Bilt Points.

If you don't want to deal with credits or rent redemptions, you can also just use Bilt Cash on Points Accelerator. This redemption costs $200 Bilt Cash and enables +1X bonus points on all everyday spend for the next $5,000 following activation (only for the Obsidian & Palladium). While this is worse value than housing payment redemptions, it's better than nothing.

You can also redeem Bilt Cash to unlock higher transfer bonuses with airline and hotel partners. If you're holding a large Bilt Points balance and planning a big redemption, boosting your transfer ratio can create real value.

These perks work best (and most simply) if you rent or pay a mortgage and want to unlock Bilt Points.

Major Drawbacks and Restrictions

Bilt Cash looks simple until you read the fine print. The biggest issue is that all the credit redemptions have monthly or yearly caps. That means even if you've accumulated a large balance, you can't always redeem it all at once. For example, hotel bookings require a two-night minimum stay and only allow you to redeem up to $100 Bilt Cash per eligible booking, which limits flexibility for quick trips.

The other big issue is expiration: all Bilt Cash earned in 2026 expires at the end of the year, with only up to $100 rolling over. If you earn more than you can use, you'll lose it. That means even if you've accumulated a large balance, you can't always redeem it all at once. Hotel bookings require a two-night minimum stay, which limits flexibility for quick trips.

The important thing to understand is that Bilt Cash is not real money unless you have a specific way to use it.

Most Valuable Bilt Cash Redemptions

There is a mathematical answer to the best Bilt Cash redemption. From highest to lowest:

1. Bilt credits (eg Lyft, Grubhub)
2. Redeem on rent: ($0.03 Bilt Cash = 1 Bilt Point)
3. Points accelerator

Consequently, you should always use your Bilt Cash on credit redemptions first. If you have exhausted credit redemptions, then going into rent redemptions for Bilt Points makes a lot of sense. Finally, if you have a lot of leftover/excess Bilt Cash, then you can go into Points Accelerator.

How do you calculate this?

Assuming Bilt Points are worth 1.55 cents per point, here's how it shapes up:

1. Bilt credits (eg Lyft, Grubhub) are redeemed at a 1:1 value, meaning ฿1 = $1 USD
2. Redeem on rent ($0.03 Bilt Cash = 1 Bilt Point) converts ฿1 = 33 Bilt Points = $0.51 USD
3. Points accelerator converts ฿1 = 25 Bilt Points = $0.39 USD

As you can tell, it just doesn't make sense to use Points Accelerator over the other options.

Best Bilt Cash Credit Redemptions

While all the Bilt Cash credits are "worth" the same in terms of redemption value ($1 Bilt Cash = $1 USD), not all of them align with regular spending.

Lyft and Grubhub credits max out at $10 per month each. If you already use rideshare for work commutes or regularly order takeout, these credits pay for themselves without requiring you to change how you spend. They're straightforward dollar-for-dollar value on services you'd use anyway.

However, while the up to $25/mo restaurant redemption sounds enticing, there's a serious limitation: it can only be used at select partner restaurants that use Bilt Mobile Checkout. There's not a lot available as of February 2026, so just make sure to temper your expectations. That said, if a restaurant you're heading to accepts it, this is one of the stronger redemption options—you get full value on meals you were already planning to buy

Worst Bilt Cash Credit Redemptions

The Gopuff delivery credit caps at $5 monthly, barely covering delivery fees on most orders. Unless you order from Gopuff already, tracking this perk takes more effort than it's worth.

Parking credits only work at select SpotHero locations. If your city lacks coverage or you park elsewhere, the credit goes unused. Fitness classes face the same issue because you must book through Bilt's app rather than directly with studios.

Hotel bookings require a two-night minimum stay. Quick overnight stops or shorter trips won't qualify. Home Away From Home properties come with even tighter restrictions and limited inventory in most markets. *If you have a Palladium that comes with the semiannual hotel credit, this monthly Bilt Cash hotel credit stacks with it! You can use both in a singular booking.

BLADE helicopter flights offer up to $700 yearly in credits, while Blacklane premium car service caps at $150 annually. These appeal if you regularly fly between Manhattan and JFK, but most cardholders will never use them (I certainly will not).

Points Accelerator Analysis

The point accelerator costs $200 in Bilt Cash to earn one extra point per dollar on your next $5,000 in purchases. You can activate this up to five times yearly. If you're spending heavily on the Bilt cards, you'll be earning 4% Bilt Cash that will start to quickly accrue.

However, it only makes sense if you have leftover Bilt Cash after covering other redemptions, but for high spenders, the return is solid.

How Bilt Cash Compares to Traditional Credit Card Benefits

Traditional credit cards like the American Express® Gold Card keep rewards simpler. It offers up to $10 in monthly dining credits, amongst some other credits. These perks require enrollment, but you're redeeming directly against purchases without tracking a separate currency.

Bilt Cash works differently. You're managing a second rewards system with its own balance, redemption rules, and yearly expiration deadline. Traditional statement credits from the Chase Sapphire Reserve® apply automatically to eligible purchases once enrolled. Bilt Cash requires you to choose where and when to redeem, then determine monthly caps and partner restrictions.

The tradeoff is flexibility. Statement credits lock you into specific categories. Bilt Cash lets you shift between dining, travel, fitness, and other options based on your actual spending habits. But that choice comes with the need to actively manage your balance before it expires. There are absolutely pros and cons to both.

Simplifying Your Credit Card Strategy with nextcard

Managing Bilt Cash alongside your other credit cards adds another layer to an already crowded wallet. That's where nextcard helps.

nextcard wallet shows your total annual fees next to the net value of all your statement credits and benefits in one view. When you're deciding Bilt Cash redemptions, you can see exactly how it stacks up against the rest of your portfolio without building a spreadsheet.

nextcard notifs takes care of the tracking burden. You'll get alerts before Bilt Cash expires at year-end and reminders when monthly redemption caps reset. Instead of manually monitoring dates or worrying you'll lose value, we send you timely notifications tied to your specific cards.

If you're juggling multiple rewards programs, nextcard turns structures like Bilt Cash into something you can actually manage without the mental overhead.

Final Thoughts on Bilt Cash

Bilt Cash turns everyday spending into rewards, which sounds great until you factor in the redemption partner options, expiration timelines, and redemption caps.

If you're weighing the Bilt Cash pros and cons, nextcard shows you exactly how this secondary currency stacks up against your other cards' benefits. You'll need to actively use Bilt Cash every month, so make sure the redemption categories match your actual spending and plans before committing.

FAQ

How long does Bilt Cash last before it expires?

All Bilt Cash earned expires in the calendar year it is earned, with only up to $100 rolling over into the next year. For example, if you earn $500 Bilt Cash in 2026, it will all expire at the end of 2026 ($100 will roll over).

Can I transfer Bilt Cash to airline or hotel partners?

No, Bilt Cash cannot be directly transferred to airline or hotel partners. However, you can convert it into Bilt Points, which can be moved to partner programs.

What's the best way to redeem Bilt Cash if I want to maximize value?

In mathematical order, the best ways to redeem Bilt Cash (from highest to lowest) are: Bilt credits (eg Lyft, Grubhub), Redeem on rent: ($0.03 Bilt Cash = 1 Bilt Point), and finally Points accelerator.

Do all Bilt Cash redemptions have spending limits?

Yes, most redemption categories have monthly or yearly redemption caps. For example, Lyft and Grubhub max out at $10 Bilt Cash per month each, while BLADE helicopter flights cap at $700 Bilt Cash yearly (up to $350 Bilt Cash per booking) . Even with a large Bilt Cash balance, you can't always redeem it all at once.