Bilt Palladium Card
2X points on everything plus the only card that earns on rent with no fees
Earn 2X Bilt Points on all non-housing purchases plus 4% back in Bilt Cash. Pay rent or mortgage with no transaction fee and unlock up to 1.25X housing points. $600+ in annual credits ($400 hotel + $200 Bilt Cash), Priority Pass lounge access, and transfers to 20+ airline and hotel partners including Hyatt and United.
- Annual Fee
- $495
- Bilt Points · Welcome Bonus
- 50,000
- Highest rate (conditional)
- Up to 3X (Walgreens)
Terms checked against the issuer on July 29, 2026
At a Glance
- Annual Fee
- $495
- Foreign Transaction Fee
- $0
- Network
- —
- Rewards Currency
- Bilt Points
- Point Value (Transfer Estimate)
- 1.55–2.2 cpp (mid: 2)
- Credit Required
- Good to Excellent
Welcome Offer
50,000
Bilt Points
Spend $4,000 in the first 3 months
Earning Rates
- 3X
Walgreens
3X on most in-store Walgreens purchases (2X card plus 1X Bilt bonus), 4X on Walgreens-brand items; pharmacy purchases are excluded from bonus points
- 2X
Travel
2X equals the card's flat base rate (issuer states 2X on all everyday purchases)
- 1.25X
Rent
Up to 1.25X via tiered option or up to 1X via Bilt Cash option; no transaction fee; no annual cap on housing payments
- 1.25X
Mortgage
Up to 1.25X via tiered option or up to 1X via Bilt Cash option; no transaction fee
- 2X
All Other
2X points on all everyday purchases
Earning Scenarios
2X Points on Every Non-Housing Purchase
A household spending $3,000/month on non-housing purchases earns 6,000 Bilt Points plus $120 in Bilt Cash (4%) monthly — 72,000 points and $1,440 in Bilt Cash per year.
Earn Points on Rent With No Transaction Fee
With $2,000/month rent and $1,500 in non-housing spend, you earn 5,000 total points per month — an effective 3.33X return on your card spend outside housing.
4% Back in Bilt Cash on All Everyday Spend
Spend $4,000/month on everyday purchases and earn $160 in Bilt Cash — enough to unlock housing points plus fund Lyft rides, fitness classes, and hotel bookings.
Benefits & Perks
Annual Credits & Statement Credits
2 creditsUp to
$600
in recurring credits (annual)
$400 hotel credit
Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings
$400
Annual
$200 Bilt Cash
Awarded annually. Up to $100 of Bilt Cash rolls over into the next calendar year.
$200
Annual
Lounge Access
Priority Pass Airport Lounge Access
Complimentary Priority Pass lounge access for cardholder and 2 guests. Additional guests $35 each per visit.
Insurance & Protections
5 protectionsPurchase Assurance
$1,000
Covers eligible purchases if damaged or stolen within 90 days — up to $1,000 per loss, $50,000 per year.
Trip Delay
Trip delay reimbursement up to $300 per trip when delayed 6+ hours, 1 claim per 12 months.
MasterRental Coverage
secondary
Covers repair/replacement cost for damage or theft (no fixed cap) plus up to $500 in loss-of-use charges when you decline the agency's CDW.
Cellular Wireless Telephone Protection
$800
secondary
Up to $800 per claim, $1,000/year, $50 deductible for a stolen or damaged phone billed to this card.
View conditions
Deductible: 50
Price Drop Protection
$250
secondary
Claim the difference if the identical item is advertised for less within 90 days — up to $250 per claim, $25 minimum, 4 claims per 12 months.
Dining Out
2x at restaurants
Bilt Rewards
≈$4 in value on a $100 dinner, at our valuation of 2¢ per point
Annual fee: $495
Explore 53,025 restaurants with this cardStack a dining program
Rakuten Dining
5% back at 20,618 participating restaurants, on top of this card's 2x, once you join and link this card.
+$5
cash back, or ≈$5.50 as points
More on a $100 dinner
Program & Transfers
Bilt Rewards
Bilt Rewards rewards earned with this card can transfer to 25 loyalty partners.
Bilt Rewards offers one of the strongest transfer partner networks in the industry with 20+ partners at mostly 1:1 ratios. The Bilt 2.0 overhaul in January 2026 changed how points are earned on housing — now requiring everyday spend or Bilt Cash to unlock housing rewards — but the program's transfer value remains compelling for travel enthusiasts.
Program Ratings
Transfer Partners (25)
Transfer your Bilt Points to 25 leading loyalty programs for maximum value.
Airlines
(18)Most partners accept Bilt Points at a 1:1 ratio with instant or near-instant transfers.
View detailed transfer ratios
Airlines
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | 1-2 days | — | 1.5 cpp | |
| 1:1 | 1-2 days | — | 1.3 cpp | |
| 1:1 | 1-2 days | — | 1.3 cpp | |
| 1:1 | 1-2 days | — | — | |
| 1:1 | 1-2 days | — | 1.1 cpp | |
| 1:1 | 1-2 days | — | — | |
| 1:1 | 1-2 days | — | — | |
| 1:1 | 1-2 days | 88% | 1.25 cpp | |
| 1:1 | 1-2 days | 82% | 1.3 cpp | |
| 1:1 | 1-2 days | 76% | 1.3 cpp | |
| 1:1 | 1-2 days | 76% | 1 cpp | |
| 1:1 | 3-5 days | 76% | 1.25 cpp | |
| 1:1 | 1-2 days | 76% | 1.2 cpp | |
| 1:1 | 1-2 days | 71% | 1.25 cpp | |
| 1:1 | 1-2 days | 71% | 1.25 cpp | |
| 1:1 | 1-2 days | 65% | 1.35 cpp | |
| 1:1 | 1-2 days | 65% | 1.1 cpp | |
| 1:1 | 1-2 days | 53% | 1 cpp |
Hotels
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:2 | 1-2 days | — | 0.5 cpp | |
| 1:1 | 1-2 days | — | 0.7 cpp | |
| 1:1 | 1-2 days | 100% | 1.65 cpp | |
| 3:2 | 1-2 days | 86% | 2.25 cpp | |
| 1:1 | 1-2 days | 41% | 0.7 cpp | |
| 1:1 | 1-2 days | 35% | 0.6 cpp | |
| 1:1 | 1-2 days | 29% | 0.4 cpp |
Sweet Spots — Best Redemptions
| Route / Property | Points | Cabin/Type | Value / Region |
|---|---|---|---|
| Intra-Europe in Economy on a Partner | 4,000 | economy | Europe |
| Domestic US in Economy | 4,500 | economy | United States |
| US to Europe in Economy | 6,000 | economy | Europe |
| Domestic US in Economy on a Partner | 6,300 | economy | United States |
| US to South America in Economy | 7,100 | economy | South America |
| Domestic US and Canada in Economy | 7,100 | economy | United States |
| Intra-Europe in Economy | 7,500 | economy | Europe |
| US to Hawaii in Economy | 8,000 | economy | United States |
| Intra-Europe on Star Alliance | 8,000 | economy | Europe |
| Intra-Europe in Business | 8,000 | business | Europe |
| US to Mexico in Economy on a Partner | 11,500 | economy | Central America |
| Canada to Hawaii in Economy | 11,600 | economy | United States |
| US to Hawaii in Economy on a Partner | 15,000 | economy | United States |
| US to South America in Business | 22,500 | business | South America |
| US to Northern Africa in Economy | 25,000 | economy | Africa |
| US to Japan in Economy | 27,000 | economy | Asia |
| US to Hawaii in First Class | 30,000 | first | United States |
| US to South Korea in Economy | 30,000 | economy | Asia |
| US to Mexico in Business on a Partner | 30,000 | business | Central America |
| US to Southeast Asia in Economy | 39,200 | economy | Asia |
Showing top 20 of 31 sweet spots
Reviews & Analysis
Third-Party Rankings & Ratings
4 sourcesCategory Rankings (5 categories)
How It Compares
The Bilt Palladium is the only premium card that earns transferable points on rent and mortgage payments with no transaction fee. Its 2X base earn rate on all non-housing spend matches Chase Sapphire Preferred, but the added 4% Bilt Cash layer and housing points make the effective return much higher. The $495 fee is offset by $600+ in credits before counting transfer partner value.
Pros and Cons
Pros
- +$600+ in annual credits ($400 hotel + $200 Bilt Cash) partially offsets $495 fee
- +Earn up to 1.25X points on rent and mortgage with no transaction fees
- +2X points on all everyday purchases
- +50,000 points + $300 Bilt Cash welcome bonus (highest among Bilt cards)
- +Transferable points to major airline and hotel partners
- +Premium metal card construction
- +Highest Bilt status tier with best member perks
- +Priority customer service
Cons
- -Requires high spending volume to qualify and maintain Palladium status
- -No card-level bonus categories beyond the 2X flat rate (headline multipliers are membership-inclusive composites)
- -Housing multiplier (up to 1.25X) depends on everyday-spend tiers or Bilt Cash redemption
- -Benefits still lag behind premium travel cards from Chase/Amex
Who It's Best For
Best For
- High-spending Bilt members seeking top-tier perks
- Renters with significant monthly rent payments
- Frequent diners and travelers maximizing Bilt ecosystem composite rates (up to 5X dining, 4X travel portal)
- Those wanting premium Bilt status benefits
- Luxury seekers who want a prestige metal card
Not Ideal For
- Low spenders who cannot meet Palladium qualification thresholds
- Those who prefer straightforward cash back
- Renters with low monthly rent amounts
- Those not interested in transfer partners
The Math: Is $495 Worth It?
First-year value includes $1,000 welcome bonus
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$360
Annual Fee
-$495
Net Annual Value
-$135
Details & Terms
Application Rules
| Rule | Details |
|---|---|
| No known hard rules | Bilt Palladium is issued by Column N.A. (serviced by Cardless). No widely documented application rules like Chase 5/24. Requires good to excellent credit. |
Payment Terms
| Purchase APR | 26.74%–34.74% (Variable) |
| Cash Advance APR | 31.74%–34.74% (Variable) |
| Foreign Transaction Fee | $0 |
Card Family
Bilt family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Bilt Blue | entry | $0 | |
| Bilt Obsidian | mid | $95 |
Product changes available between family members without a new credit inquiry.
FAQs
Can I use Bilt to pay my mortgage?
Yes. You can now use Bilt to pay your mortgage. You can earn points on that mortgage payment by using Bilt Cash or spending a certain percentage of your housing on non-housing spend. $30 in Bilt Cash earns 1,000 points, so if your housing is $1000/month, you'll need $30 in Bilt Cash to earn 1,000 points.
Are Bilt points worth more than Chase points?
We value Bilt Rewards at 1.55 cents per point and Chase Ultimate Rewards at 1.60 cents per point, so Bilt holds up very well. Their transfer partners rival, and mabye even surpass Chase's, which are widely considered the strongest in the hobby.
What is the best way to use Bilt points?
The best way to use Bilt points is to transfer them to one of Bilt's partners and redeem for travel. High-value options include Alaska Airlines, Flying Blue, Southwest Airlines, United Airlines, and World of Hyatt, all with great sweet-spot redemptions.
Can you cash out Bilt points?
You can, but we don't recommend it. Cashing out Bilt points for a statement credit gives you only 0.55 cents per point, which is a poor rate. You can easily get triple that value, often more, by transferring to one of Bilt's travel partners.
How does Bilt 2.0 earning on rent work?
With Bilt 2.0, housing payments no longer earn points by default. You must either spend a percentage of your housing amount on non-housing purchases (25% for 0.5x, 50% for 0.75x, 75% for 1x, 100% for 1.25x on housing) or use Bilt Cash ($30 in Bilt Cash unlocks 1,000 points on $1,000 of housing).
What is Bilt Cash and how does it work?
Bilt Cash is a fixed-value currency introduced with Bilt 2.0. You earn 4% Bilt Cash on all non-housing purchases and $50 in Bilt Cash for every 25,000 points earned. Its primary use is unlocking points on housing payments, but it can also be redeemed for hotel credits, transfer bonus upgrades, Lyft credits, and dining experiences.
Can I earn Bilt points on mortgage payments?
Yes. Bilt 2.0 expanded housing payments to include mortgages. Like rent, mortgage payments are made via bank transfer and require either everyday spending or Bilt Cash to earn points on the housing amount.
Media & Resources
Video Reviews
8 videosNEW Bilt 2.0 Cards: Good or Bad? First Impressions
Bilt Palladium vs Venture X: It's Not That Simple
I Thought Bilt 2.0 Was Great Until I Learned This
Which Bilt 2.0 Credit Card Is ACTUALLY Worth It?
Bilt 2.0: choose Blue, Obsidian, or Palladium? (+ Rewards Math and App Tutorial)
The BILT 2.0 Palladium Card Is Way BETTER Than You Think
Bilt 2.0 Cards Review: DON'T Apply Before Watching This!
Third-Party Articles & Reviews
The Bilt Palladium: Good for Travel, Bad for Rent
NerdWallet expert analysis arguing the Bilt Palladium is better positioned as a travel card than a rent card under the Bilt 2.0 structure. Covers the 75% non-housing spend requirement.
Bilt Palladium vs. Capital One Venture X
Head-to-head comparison of two premium travel cards. Analyzes earning rates, annual credits, lounge access, and transfer partner networks to help decide between the $495 Palladium and $395 Venture X.
My take on Bilt 2.0
Frequent Miler's analysis of the Bilt 2.0 overhaul including all three card tiers. Covers the math behind housing points, Bilt Cash earning, and whether the new structure benefits or hurts existing Bilt users.
Why I Decided On The Bilt Palladium Card
Personal decision analysis from OMAAT on why they chose the Palladium over Blue and Obsidian. Covers the application experience and first impressions with the Bilt 2.0 card lineup.
Bilt Palladium Card review: Earn valuable rewards on housing
TPG's comprehensive review of the Bilt Palladium covering the $495 fee, 2X earning structure, Bilt 2.0 changes, Priority Pass, and transfer partner value. Rated 4/5.
Why we think the new Bilt credit cards are too complex for most people
Critical analysis of the Bilt 2.0 card lineup arguing the earning structure is overly complex. Examines the Bilt Cash system, housing point requirements, and whether average consumers can maximize the value.
Bilt Palladium Card Review: 50k Bilt Points + $300 Bilt Cash + Gold
Detailed review covering welcome offer structure, earning rates, annual credits, and protection benefits. Includes historical offer tracking and application tips.
Full Review of the Bilt Palladium Card — Is It Worth It?
Upgraded Points review of the Bilt Palladium with 3.5/5 rating. Detailed breakdown of the Bilt 2.0 earning structure, Bilt Cash mechanics, and whether the card justifies its $495 fee.
Bilt Palladium Application Didn't Go as Planned
Real application experience reporting a smaller credit line than expected, hard pull details, and comparison of the welcome offer against competing cards. Practical insights for applicants.
Card Design
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| CardRatings | — | CardRatings |
| CardRatings | — | CardRatings: Welcome offer.bonus cash |
| CardRatings | — | CardRatings: Bonus categories |
| Issuer Page | Issuer Page: Multiple card facts | |
| RewardsCC API | — | RewardsCC API |
| Bilt Rewards Official | Bilt Rewards Official |
Top brands for this card
Brands where this card's earn-rate structure makes it a strong choice. Open a brand for the full ranked list.
