--- title: "Bilt Palladium Card: What the $495 Fee Buys Before the 2027 Rewards Change" description: "Cardmembers who want to keep earning 4% back in Bilt Cash on spending have until December 31, 2026 to opt into the old system." url: https://travel.skoop.news/considering-the-bilt-palladium-card-here-8217-s-why-you-shou-a97cb4/ published: 2026-10-29T15:39:08.414489-04:00 modified: 2026-10-29T15:39:08.414528-04:00 section: "Travel" publisher: "skoop.news" language: en keywords: ["Bilt Cash", "Bilt Palladium Card", "Bilt Points", "Points Accelerator", "Bilt Blue Card", "Bilt Obsidian Card", "travel", "hotel", "points"] hashtags: ["#BiltCash", "#BiltPalladiumCard", "#BiltPoints", "#Travel", "#travelnews"] image: https://thumb.wikimedia.org/wikipedia/commons/thumb/1/18/Alejandro_Velasco_Astete_International_Airport_-_Terminal_building.jpg/1280px-Alejandro_Velasco_Astete_International_Airport_-_Terminal_building.jpg?utm_source=commons.wikimedia.org&utm_campaign=imageinfo&utm_content=thumbnail --- # Bilt Palladium Card: What the $495 Fee Buys Before the 2027 Rewards Change > Cardmembers who want to keep earning 4% back in Bilt Cash on spending have until December 31, 2026 to opt into the old system. Published 2026-10-29 · Updated 2026-10-29 · Travel, [skoop.news](https://skoop.news/) ## In brief - Starting in 2027, Bilt members will earn points on their housing payment as a percentage of card spending, in place of earning 4% back in Bilt Cash on all spending [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). - The Bilt Palladium Card has a $495 annual fee [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). - The card offers $200 in Bilt Cash annually as an anniversary bonus [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). ## Why the deadline matters Starting in 2027, Bilt members will earn points on their housing payment as a percentage of card spending, in place of earning 4% back in Bilt Cash on all spending [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). If you hold the Bilt Palladium Card, you can opt into the old rewards system through December 31, 2026, and that choice will be honored in 2027 and beyond [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). The Palladium is the most premium card in the Bilt credit card portfolio [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). This piece covers what the card offers, how the two reward systems differ, and what you can check before the deadline. ## What the card costs and pays The Bilt Palladium Card has a $495 annual fee [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Bilt card annual fees range from $0 to just shy of $500, so the Palladium sits at the top of that range [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). The welcome bonus is 50,000 points and Bilt Gold status after you spend $4,000 within the first 90 days on non-housing purchases [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). The welcome offer also includes $300 in Bilt Cash upon approval [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). On everyday spending, the card earns 2x points per dollar, plus 4% back in the form of Bilt Cash [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Spending on Bilt cards also earns Bilt elite status, which unlocks better Rent Day promotions [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). ## Credits and travel perks The card offers $200 in Bilt Cash annually as an anniversary bonus [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). It also offers up to $400 in Bilt travel portal hotel credit every calendar year, paid as a $200 semi-annual credit that requires a two-night minimum stay [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). A Priority Pass membership is included, with up to two guests allowed [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Bilt offers 26 transfer partners: 18 airlines, seven hotels and one rail partner [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). ## The old system and the new one Under the opt-in grandfathered system, cardmembers keep earning 4% back in Bilt Cash on spending [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). That Bilt Cash is redeemable for housing payments, the Points Accelerator feature, and hotel credits [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). The Points Accelerator earns an extra 1x point per dollar spent up to five times per year, by redeeming $200 in Bilt Cash [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Bilt Cash awards expire 12 months after they are earned, on the last day of that month [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). Under the new system, the Palladium would earn $600 in Bilt Cash annually, starting in 2027 [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Housing points then follow a schedule tied to your rent. You earn 1.25x points on housing when you spend the same or more as your monthly rent, for example $2,000 [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). You earn 0.5x points when you spend at least 25% of monthly rent, for example $500 on $2,000 rent [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). ## How Bilt cards handle rent Bilt now offers three rewards credit cards that let cardholders earn rewards on rent or mortgage payments with no transaction fee [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). The original Bilt Mastercard was no longer available and was sunset in February 2026 [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). With the housing-only option, cardholders can earn up to 1.25X points on housing payments instead of earning Bilt Cash [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). Under the Bilt Cash option, cardholders earn 4% Bilt Cash on every purchase, and earning points on housing payments costs 3% of the payment amount in Bilt Cash, which is $30 Bilt Cash per 1,000 Bilt Points [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). ## The other two Bilt cards The Bilt Blue Card has a $0 annual fee and a $100 Bilt Cash welcome bonus upon approval, and it earns 1X Bilt Points on everyday purchases [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). The Bilt Obsidian Card has a $95 annual fee [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). It earns 3X points on groceries or dining on up to $25,000 in spending per year, then 1X, plus 2X on travel and 1X on everyday spend [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). It includes a $50 Bilt Travel hotel credit semi-annually for qualifying hotel bookings of at least two nights, and a $200 Bilt Cash welcome bonus [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). You may own only one Bilt card at a time, but the company recently added the ability to upgrade and downgrade between cards [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). ## What this means for you If you hold the Palladium, the deadline of December 31, 2026 is the date to watch, because the old system is available by opt-in through that day [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Opting in means you keep earning 4% back in Bilt Cash on spending [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Compare that with the new system, where the card would earn $600 in Bilt Cash annually starting in 2027 [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Your housing points under the new system depend on how your card spending compares with your rent [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Check one more detail: Bilt is devaluing World of Hyatt points transfers as of 2027 [[1]](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/). Bilt Cash also expires 12 months after you earn it, so the timing of your redemptions matters [[2]](https://www.cnbc.com/select/bilt-credit-card-comparison/). ## Sources 1. [Considering The Bilt Palladium Card? Here’s Why You Should Apply Soon…](https://onemileatatime.com/reviews/credit-cards/bilt/apply-bilt-palladium-card/) — One Mile at a Time 2. [Which Bilt credit card should you apply for? Here's how the Blue, Obsidian and Palladium compare](https://www.cnbc.com/select/bilt-credit-card-comparison/) — CNBC Image: Photo (illustrative): AgainErick / Wikimedia Commons, CC BY-SA 4.0 (https://commons.wikimedia.org/wiki/File:Alejandro_Velasco_Astete_International_Airport_-_Terminal_building.jpg) --- Written from the sources above and checked twice (rules and an independent model) before publishing. How we work: https://skoop.news/how-we-work/ · Corrections: https://skoop.news/corrections/