I recently listened with great interest to Ankur Jain’s interview on CNBC. Jain is an American entrepreneur and investor with a clear mission: to tackle the real-world problems that affect millions of people every day—from student debt and affordable housing to childcare, job stability, and retirement. His latest venture is Bilt Rewards, where he serves as founder and CEO.
Originally launched to help renters earn points simply by paying rent, Bilt has quickly evolved into a full-scale loyalty platform connecting housing and local commerce. Today, it covers one in four apartment buildings in the U.S. and has built a network of over 40,000 participating merchants, creating a system where nearly every aspect of living—rent, groceries, gyms, dining—generates value back to the user.
The company recently announced the launch of Bilt Card 2.0, scheduled for February 2026, developed in partnership with fintech company Cardless. The new offering includes three card options: one with no annual fee and two premium tiers. Beyond continuing to reward rent payments, the new card will also allow users to earn points on mortgage payments—extending the value proposition to homeowners as well.
Importantly, the card is just one piece of a much broader ecosystem. Bilt’s platform allows users to earn points even without a credit card, using any payment method. The company expects to surpass $1 billion in annual revenue by 2026 and handle more than $100 billion in housing-related payments per year.
Bilt is also expanding into strategic new segments, including condominiums, student housing, and mortgages. The goal is not just to offer a financial product, but to build the infrastructure that rewards every stage of the housing journey—turning neighborhoods into interconnected networks of value, services, and everyday rewards.
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