Rumors suggest that Bilt Rewards is preparing to launch three new credit cards, including the highly anticipated Bilt Palladium Card with a $495 annual fee. If reports are accurate, this card could redefine premium spending by offering an industry-leading combination of rewards, including points on rent and mortgage payments, and a unique dual-currency system.
Earning Potential: Points and Cash Back
The Bilt Palladium Card is rumored to offer:
- 2 points per dollar on everyday spending (excluding housing)
- 4% Bilt Cash on the same purchases
This combination is potent. At 2.2 cents per point (as valued by The Points Guy in January 2026) plus 4% cash back, this translates to an 8.4% return on nearly all spending. Most competitors offer higher rates in specific categories, but few match this consistency across the board. For example, the Amex Platinum only provides 1 point per dollar on non-bonus purchases, while Chase Sapphire Reserve requires booking through their portal to reach similar rates.
Housing Rewards: A Game Changer?
The card may award 1 point per dollar on rent and mortgage payments. However, this is likely subject to a 3% transaction fee, standard for third-party payments. The rumor suggests that Bilt Cash can offset this fee, potentially making housing rewards cost-neutral. A $300 welcome bonus in Bilt Cash could cover five months of fees at a $2,000 monthly mortgage.
The potential for automated fee waivers – splitting payments between Bilt and standard clearing houses – is also being discussed.
Additional Benefits
Beyond rewards, the card may include:
- $400 in Bilt Travel hotel credits ($200 semi-annually)
- $200 annual Bilt Cash
- Priority Pass membership
- No foreign transaction fees
These benefits alone could offset the annual fee. The credits are flexible, covering housing fees or other Bilt merchant purchases.
Why This Matters: The Value of Bilt Rewards
Bilt Rewards points are highly valued due to their strong transfer partners, including Alaska Airlines, Hyatt, and Air Canada. Moreover, Gold status (likely included in the welcome offer) unlocks monthly Rent Day promotions with substantial bonus opportunities. In 2025, Gold members saw transfer bonuses up to 200% with partners like Accor Live Limitless and Hilton Honors.
This card isn’t just about points; it’s about maximizing them.
Conclusion
If the rumors hold true, the Bilt Palladium Card could be a groundbreaking offering. Its combination of high earning rates, housing rewards, and valuable benefits positions it as a strong contender in the premium card market. This card is worth watching closely, as it could set a new standard for rewards and convenience.
