Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; data as of September 27, 2026. Card issuers do not influence our rankings or content.
Annual fees: Bilt Palladium Card $495/yr, REI Co-op® Mastercard® $0/yr. Strongest bonus categories: Bilt Palladium Card on rent and travel, REI Co-op® Mastercard® on digital wallet.
Card data as of September 27, 2026.
Annual Fee
Welcome Bonus
| Category | Bilt Palladium Card | REI Co-op® Mastercard® |
|---|---|---|
| Digital Wallet | 2X | 2X |
| Travel | 2X | 1.5X |
Both cards win in 2 categories each — it comes down to which categories matter most to you.
Rent
REI Co-op® Mastercard® earns 1.5X vs 1.25X
Mortgage
REI Co-op® Mastercard® earns 1.5X vs 1.25X
Travel
Bilt Palladium Card earns 2X vs 1.5X
Everyday purchases
Bilt Palladium Card earns 2X on all other spending vs 1.5X
Modeled net value (bonus categories at unconditional rates, caps applied). Spend mix: dining 15%, groceries 15%, gas 10%, travel 10%, everything else 50%. Statement credits use the same recurring usable estimates as each card's detail page; first-year-only credits count in year one only. Welcome offers valued at each card's program rate shown on this page.
Modeled value is close across spend levels — especially once statement credits are counted.
| Scenario | Bilt Palladium Card | REI Co-op® Mastercard® | Ongoing winner | Year-one winner |
|---|---|---|---|---|
| Light spender: $1,000/month | Rewards: $528 Credits (our usable estimate): $300 − Annual fee ($495) Ongoing: $333 |
Modeled value is close across spend levels — especially once statement credits are counted.
Everyday (non-bonus) spend earns 2X on the Bilt Palladium Card vs 1.5X on the other card.
Published annual fees: Bilt Palladium Card $495/yr, REI Co-op® Mastercard® $0/yr — a $495 difference before welcome offers and credits.
| Mortgage | 1.25X | 1.5X |
| Rent | 1.25X | 1.5X |
| Everything Else | 2X | 1.5X |
Network
Key Benefits
Pros
Cons
Rewards: $180 Credits (our usable estimate): $65 − Annual fee ($0) Ongoing: $245 Year one: $345 |
| Close — depends on how much of the credits you use |
| Bilt Palladium Card |
| Heavy spender: $4,000/month | Rewards: $2,112 Credits (our usable estimate): $300 − Annual fee ($495) Ongoing: $1,917 Year one: $3,017 | Rewards: $720 Credits (our usable estimate): $65 − Annual fee ($0) Ongoing: $785 Year one: $885 | Bilt Palladium Card | Bilt Palladium Card |
The Bilt Palladium Card costs $495/yr — that's $495 more than the REI Co-op® Mastercard® (no annual fee). To justify that gap, you need to extract at least $495 in annual value from the card's higher earn rates and benefits.
The Bilt Palladium Card includes lounge access. Those perks are not included in the earn-rate scenario table above — compare their dollar value to the $495 fee gap for your own usage.
Bottom line: Use the year-one vs ongoing table for modeled earn value at your spend level. The $495 fee gap means the Bilt Palladium Card needs roughly $495 more in annual rewards (or credits you will use) to break even on travel and rent and everyday spend.
Choosing one card means missing out on these benefits from the other.
Choosing REI Co-op® Mastercard® means losing:
Get the Bilt Palladium Card if you:
Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; data as of September 27, 2026. Card issuers do not influence our rankings or content.
