For a while now, we’ve been hearing that three new credit cards would integrate with Bilt Rewards, promising features like point accumulation on mortgage payments. Well, it looks like we might soon get some deeper insights into what these cards will entail.
There are talks about three upcoming products: the Bilt Blue Card ($0 annual fee), the Bilt Obsidian Card ($95 annual fee), and the Bilt Palladium Card ($495). They seem to offer various perks—like earning both Bilt Points and Bilt Cash on non-residential purchases—along with the company’s inaugural welcome bonus.
Among these, the Bilt Palladium card seems to have garnered a lot of interest. It has a lower annual fee compared to some other high-cost options, and its earning structure appears to favor everyday spending. Could this be the card that sets a new benchmark in the premium market?
Let’s dive deeper into how this rumored card compares to some heavyweights in the industry.
Earn points and cashback
The anticipated Bilt Palladium card seems to reward users for everyday spending, excluding rent and mortgage payments, in two straightforward ways:
- 2 points for every dollar spent
- 4% Bilt Cash
If this remains true, remarkable value could arise from these rates. I mean, TPG values Bilt Rewards points pretty highly, estimating them at about 2.2 cents each by January 2026. So, when you combine that with an additional 4% from Bilt Cash, you could be looking at around 8.4% back on nearly all your purchases.
Most other cards tend to have stricter limits on the categories that earn these kinds of benefits.
For instance, the American Express Platinum Card offers 5 points per dollar on airfare booked directly or through American Express Travel (up to $500,000 annually), but just 1 point on everything else.
On the flip side, the Chase Sapphire Reserve earns 8 points on all Chase Travel purchases and 4 points on certain flights and hotel bookings. However, it’s similar to others in offering only 1 point per dollar on anything outside of those categories.
While these earn rates can overshadow the Bilt Palladium Card in specific instances, they don’t match up well for everyday expenses like utilities, groceries, or online shopping.
Points of residence
You’ll be able to accumulate points even while paying rent or mortgage through this card.
According to some leaked information, the Bilt Palladium card will grant 1 point for every dollar spent on home payments, which probably won’t come without a price. A potential benefit is that users might be able to use Bilt Cash to offset their transaction fees on these payments.
If this is accurate, then the typical fee for using a third-party card to pay rent is about 3%.
Considering this, the option to apply Bilt Cash to lower this fee is intriguing.
To illustrate, think of a monthly mortgage payment of $2,000. A 3% fee would rack up to $60 each month if paid via the Bilt Palladium Card.
However, new cardholders might receive $300 in Bilt Cash as part of their welcome package (plus 50,000 Bilt points after spending $4,000 in the first three months). Using this Bilt Cash can cover that 3% fee for up to 5 months.
You can also earn that 4% Bilt Cash on other purchases, which helps grow your balance over time.
For instance, if you use the Bilt Palladium Card for an additional $2,000 in regular spending each month, on top of your rent, you could earn:
- 4,000 Bilt Rewards Points
- $80 in Bilt Cash
This Bilt Cash could easily cover the fees on your mortgage payments, even without factoring in what you get from the welcome offer.
Additionally, it appears Bilt is planning to streamline this process. If leaks are to be believed, users may soon have the option to split their home payments between the Bilt card and traditional payment methods, with Bilt Cash automatically covering the transaction fees.
Other benefits
It seems the Bilt Palladium Card will come packed with extra perks upon its launch. These may include:
- $400 Bilt Travel hotel credit ($200 every six months)
- $200 in Bilt Cash annually
- Membership in Priority Pass
- No foreign transaction fees
This makes sense, especially since other cards have been ramping up their offers lately, though these benefits seem relatively straightforward. The hotel credit looks flexible and the $200 in Bilt Cash can alleviate fees on housing payments or be spent with various merchants in Bilt’s ecosystem.
With both the hotel credit and annual Bilt Cash, you could effectively cover the card’s $495 fee.
The most valuable reward
Finally, it’s crucial to consider the actual value you get from this card, covering both home expenditures and everyday purchases.
As highlighted earlier, Bilt Points are quite valuable compared to other currencies, largely due to a wide array of desirable transfer partners. This roster includes airlines like Alaska Airlines, Japan Airlines, and hotels like Hyatt.
Moreover, it looks like the Bilt Palladium card will include Gold status as part of the welcome offer, probably for the first year. Given the monthly Rent Day promotions, this could significantly enhance the value of Bilt Rewards points.
Starting in 2025, Gold members could see bonuses on transfers to various airline and hotel loyalty programs, increasing the potential of their rewards.
Gold members will also have access to Bilt’s exclusive collection of luxury accommodations that come with perks such as room upgrades and daily breakfast.
It’ll definitely be interesting to see how future Rent Day offers unfold in 2026, but it seems clear that the Gold status is set to unlock even more value.
Conclusion
There’s plenty of buzz surrounding the new Bilt Rewards credit card, and if these rumors hold water, the Bilt Palladium Card might just be a standout choice for everyday spending, not to mention earning points on rent and mortgage payments.
We’re genuinely intrigued by this card with its unique earning potential and the chance to engage with what many consider a valuable rewards program. I think a lot of readers might feel the same way.
Stay tuned as we’ll share more details on the new Bilt Card once it’s officially confirmed and open for new applicants.
