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Is the rumored Bilt Palladium Card set to become a top premium card for everyday spending?
Nick Ewen is TPG's editor-in-chief and helps readers leverage credit cards (he has more than 25 of them) and loyalty programs to travel more for less. He's been at TPG for over 11 years.
January 8, 2026 • 7 min read
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Quick summary
Three new products are rumored to launch for a major rewards program, including a premium option with a dual-currency earning structure.
The premium product may offer both points and cash rewards on everyday purchases, as well as the ability to earn points on rent and mortgage payments, though transaction fees may apply.
Additional benefits could include hotel credits, annual cash rewards, lounge access and no foreign transaction fees.
Points in this program are valued highly by TPG, with strong transfer partnerships and special status perks increasing potential value.
What to consider
Some offers mentioned in the article are no longer available.
Transaction fees may apply to rent and mortgage payments, but cash rewards could be used to offset these fees.
Gold status in the program can unlock enhanced transfer bonuses and hotel perks, especially during promotional periods.
What you'll miss from the article
A detailed comparison of how the rumored premium product's rewards and benefits stack up against other top-tier options in the market.
Generated by AI with support from our editorial team.
Update: Some offers mentioned below are no longer available. View the current offers here.
If the rumored changes we dug into yesterday are true, Bilt is getting ready to launch three new products: the Bilt Blue Card ($0 annual fee), the Bilt Obsidian Card ($95 annual fee) and the Bilt Palladium Card ($495). These products will apparently offer an array of reward options, including the ability to earn both Bilt Points and Bilt Cash on nonhousing purchases, as well as welcome bonuses — a first for the company.
The information for the Bilt Blue, the Bilt Obsidian and the Bilt Palladium cards has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Of the three rumored products, however, the Bilt Palladium Card is jumping out to many of us here at TPG. With what appears to be a significantly lower price point than some of its high-fee competitors and a lucrative earning structure on everyday spending, is this card the new standard bearer for rewards in the premium card market?
Let's take a closer look at how this rumored card may stack up against industry stalwarts.
Earning points and cash back
PEKIC/GETTY IMAGES
It appears that the new Bilt Palladium Card will reward cardholders in two ways for everyday spending (excluding rent and mortgage payments):
2 points per dollar spent
4% Bilt Cash
Assuming these rates hold, they have the potential for massive value. We value Bilt Rewards points the highest among all transferable currencies here at TPG, with our January 2026 valuations pegging them at 2.2 cents apiece. When combined with the additional 4% in Bilt Cash, that means almost every purchase you'd make on the card would get you a return of 8.4%.
Most other cards have more limited spending categories in which you can earn this level of rewards.
For example, the American Express Platinum Card® gives you 5 points per dollar spent on airfare booked directly with the airline or via American Express Travel® (on up to $500,000 in combined purchases each calendar year) but only 1 point per dollar spent on all other purchases.
Meanwhile, the Chase Sapphire Reserve® (see rates and fees) offers 8 points per dollar spent on all purchases through Chase Travel℠, 4 points per dollar spent on direct flight and hotel bookings, 3 points per dollar spent on worldwide dining and 1 point per dollar spent everywhere else.
While some of those earning rates outstrip the Bilt Palladium Card, they fall short in the everyday spending category for things like utilities, online shopping, insurance, groceries and anywhere else you can swipe your card.
Points on housing
JOHNNYGREIG/GETTY IMAGES
Then there's the ability to earn points on your rent and mortgage payments with the card.
According to the leaked information, the Bilt Palladium Card will award 1 point per dollar spent on these housing payments, though it appears that this won't be free. Instead, one of the rumored benefits listed is: "Use Bilt Cash to waive rent and mortgage transaction fees."
However, the ability to use Bilt Cash to cover some (or all) of this fee is intriguing.
As an example, let's say you have a monthly mortgage payment of $2,000. A 3% fee would set you back $60 a month by paying with the Bilt Palladium Card.
That said, it looks like new cardholders will earn $300 Bilt Cash as part of the welcome bonus (along with 50,000 Bilt points after spending $4,000 in the first three months). If you opt to cover that 3% fee with your Bilt Cash, the welcome offer alone will cover you for five months.
And since you're also earning 4% Bilt Cash on all nonhousing purchases, that balance will grow as you use your card for other expenses.
For example, if you make the Bilt Palladium Card your new workhorse for everyday spending and charge another $2,000 per month outside of your rent or mortgage payment, that will translate to the following in monthly rewards:
4,000 Bilt Rewards points
$80 Bilt Cash
That's enough Bilt Cash to cover the fee on your mortgage payment, even without the one-time Bilt Cash that's apparently part of the welcome offer.
And it looks like Bilt is considering automating this process based on a second apparent leak. If this rumored change holds, you'll have the option to split your housing payments between a Bilt card and a normal automated clearing house, with the portion on your card determined automatically by the Bilt Cash you have to cover the transaction fee.
It looks like the Bilt Palladium Card will also feature a few additional benefits when it launches:
$400 Bilt Travel hotel credit ($200 every six months)
$200 Bilt Cash annually
Priority Pass membership
No foreign transaction fees
Other cards have doubled down on statement credits in recent months, so it's not surprising to see these additions, but these appear to be very straightforward in comparison. The hotel credits likely won't be limited to a select group of properties, and the $200 in Bilt Cash can cover the fees on housing payments or be used at various merchants within Bilt's ecosystem.
If you can use both the hotel credits and the $200 in Bilt Cash each year, that alone will cover the card's $495 annual fee.
Most valuable rewards
Finally, it's important to consider the value of the rewards that you're earning on the card — both for housing and everyday purchases.
As noted previously, we value Bilt points more highly than all other currencies in our monthly valuations, thanks largely to the extensive list of top-tier transfer partners. This includes Alaska Airlines Atmos Rewards, World of Hyatt, Japan Airlines Mileage Bank and Air Canada Aeroplan. Additionally, you continue to get a solid fixed value for your points via Bilt Travel (1.25 cents apiece on redemptions).
But even more importantly, it appears that the Bilt Palladium Card will include Gold status as part of the welcome offer (which we assume will be for the first year). This has massive implications for your Bilt Rewards points given the monthly Rent Day promotions the company offers.
Note that Gold members also gain access to Bilt's Home Away from Home collection of luxury hotels and resorts, which offers perks like space-available room upgrades, daily breakfast for two and a $100 food-and-beverage credit.
It'll be interesting to see what we get from future Rent Day offers in 2026, but it's a near certainty that Bilt Gold status will continue to unlock more value along these lines.
Bottom line
Rumors abound for the new slate of Bilt Rewards credit cards, and if they prove to be true, the Bilt Palladium Card may just be the best premium card to use for your everyday purchases — without even factoring in the ability to earn points on your rent and mortgage payments.
With a dual-currency earning structure and the opportunity to earn rewards in what we believe is the most valuable program out there, I'm certainly intrigued by this new card — and I think a lot of TPG readers will be as well.
Stay tuned, as we'll have a full breakdown of the new suite of Bilt cards once they're confirmed and available for new applicants.
Comments
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
