Bilt is shutting down the beta Bilt Mastercard and encouraging those existing cardholders to apply for the new version that is issued by Wells Fargo by offering 10,000 points. Normally when this happens existing cardholders are converted to the newer product but either Wells Fargo didn’t want to purchase the backbook from the previous issuer or the previous issuer didn’t want to sell it. Based on Wells Fargo’s reported losses on Bilt I’m not terribly surprised. The beta card will continue to work through 12/31/24.
Hat tip to pizza42bob