iShares Infrastructure Active ETF(BILT.US)

Should you ever cancel a credit card? Bilt's confusing rewards shake-up puts renters in a tough spot.

Bilt is launching its Bilt Card 2.0, which features a tiered rewards structure requiring higher spending to earn points on housing payments. The new card, available from February 7, has annual fees ranging from $0 to $495 and shifts partnerships from Wells Fargo to fintech Cardless. While it allows earning points on mortgage payments, it complicates the rewards system for casual users. Current cardholders must decide whether to transition to the new card or switch to a standard Wells Fargo card without housing rewards. The card is seen as beneficial for high spenders and upwardly mobile renters.