Bilt Palladium, in two minutes.

1. The welcome offer

50,000 Bilt Points plus Bilt Gold status after $4,000 of non housing spend in your first 3 months, so rent and mortgage payments don’t count. You also get $300 in Bilt Cash when you’re approved.

50,000 x 1.55c = $775 in points, plus $300 Bilt Cash (worth about $75), for $4,000 of everyday spend

2. What the points are worth

Bilt Points transfer 1:1 to its airline and hotel partners (Accor is 3 to 2). We count them at 1.55 cents each, the number in the math above. It only holds if you transfer to partners. Use them for rent credit or statement credits and they’re worth a lot less, so count it lower if that’s you.

3. What you earn every day

1. 2X on everyday purchases, plus 4% back in Bilt Cash if you pick the Bilt Cash option.
2. 0.5X to 1.25X on rent and mortgage with no transaction fee, if you pick housing only rewards. The multiplier depends on how much else you put on the card that month.
3. Rent Day: points on card spend double on the first of every month, up to 1,000 bonus points.

4. What the $495 fee buys back

1. Up to $400 in Bilt Travel hotel credits: $200 for January to June and $200 for July to December, each on a stay of at least two nights.
2. $200 a year in Bilt Cash.
3. Priority Pass for you and two guests. Restaurants aren’t included.
4. No foreign transaction fees.

5. Who it’s for

You pay rent or a mortgage, you’d put real everyday spend on one card, and you travel enough to use a lounge and book a couple of hotel stays through Bilt. If you only want points on rent, the no fee Blue Card gets you the same housing rewards.

6. The catch

1. The hotel credit only works on qualifying hotels booked through the Bilt Travel portal, in two halves a year.
2. The 1.25X on rent needs your everyday spend to match your housing payment. Spend less and the multiplier drops.
3. Bilt has announced 2027 changes to Palladium’s credits and to the Bilt Cash mode. Lily’s breakdown covers what moves and when.

Lily’s verdict

If you pay housing and travel a few times a year, the credits cover most of the fee and the bonus is gravy. If you won’t book hotels through Bilt, the math gets thin fast. Check the offer terms before you apply. Numbers change.

This is a referral link. If you’re approved, Bilt gives us points, at no cost to you,. Not financial advice. We hold this card ourselves.