We have identified for a number of months that three new bank cards are on the way in which for Bilt Rewards — with options together with the flexibility to earn factors on any mortgage. And we now could have extra particulars on what these playing cards will appear to be.
If the rumored modifications we dug into yesterday are true, Bilt is on the brink of launch three new merchandise: the Bilt Blue Card ($0 annual price), the Bilt Obsidian Card ($95 annual price) and the Bilt Palladium Card ($495). These merchandise will apparently provide an array of reward choices, together with the flexibility to earn each Bilt Factors and Bilt Money on nonhousing purchases, in addition to welcome bonuses — a primary for the corporate.
The data for the Bilt Blue, the Bilt Obsidian and the Bilt Palladium playing cards has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
Of the three rumored merchandise, nevertheless, the Bilt Palladium Card is leaping out to many people right here at TPG. With what seems to be a considerably cheaper price level than a few of its high-fee rivals and a profitable incomes construction on on a regular basis spending, is that this card the brand new commonplace bearer for rewards within the premium card market?
Let’s take a better have a look at how this rumored card could stack up in opposition to business stalwarts.
Incomes factors and money again
It seems that the brand new Bilt Palladium Card will reward cardholders in two methods for on a regular basis spending (excluding lease and mortgage funds):
- 2 factors per greenback spent
- 4% Bilt Money
Assuming these charges maintain, they’ve the potential for large worth. We worth Bilt Rewards factors the very best amongst all transferable currencies right here at TPG, with our January 2026 valuations pegging them at 2.2 cents apiece. When mixed with the extra 4% in Bilt Money, which means nearly each buy you’d make on the cardboard would get you a return of 8.4%.
Most different playing cards have extra restricted spending classes in which you’ll earn this stage of rewards.
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For instance, the American Categorical Platinum Card® offers you 5 factors per greenback spent on airfare booked immediately with the airline or by way of American Categorical Journey® (on as much as $500,000 in mixed purchases every calendar 12 months) however just one level per greenback spent on all different purchases.
In the meantime, the Chase Sapphire Reserve® (see charges and costs) provides 8 factors per greenback spent on all purchases by way of Chase Journey℠, 4 factors per greenback spent on direct flight and lodge bookings, 3 factors per greenback spent on worldwide eating and 1 level per greenback spent all over the place else.
Whereas a few of these incomes charges outstrip the Bilt Palladium Card, they fall quick within the on a regular basis spending class for issues like utilities, on-line purchasing, insurance coverage, groceries and anyplace else you possibly can swipe your card.
Factors on housing
Then there’s the flexibility to earn factors in your lease and mortgage funds with the cardboard.
In keeping with the leaked info, the Bilt Palladium Card will award 1 level per greenback spent on these housing funds, although it seems that this would possibly not be free. As a substitute, one of many rumored advantages listed is: “Use Bilt Money to waive lease and mortgage transaction charges.”
If that is true, it is affordable to imagine that this price could be 3%, as that is what you at the moment pay for utilizing third-party playing cards on lease funds.
Nevertheless, the flexibility to make use of Bilt Money to cowl some (or all) of this price is intriguing.
For instance, for example you have got a month-to-month mortgage fee of $2,000. A 3% price would set you again $60 a month by paying with the Bilt Palladium Card.
That mentioned, it seems like new cardholders will earn $300 Bilt Money as a part of the welcome bonus (together with 50,000 Bilt factors after spending $4,000 within the first three months). If you happen to choose to cowl that 3% price along with your Bilt Money, the welcome provide alone will cowl you for 5 months.
And because you’re additionally incomes 4% Bilt Money on all nonhousing purchases, that steadiness will develop as you utilize your card for different bills.
For instance, should you make the Bilt Palladium Card your new workhorse for on a regular basis spending and cost one other $2,000 monthly outdoors of your lease or mortgage fee, that may translate to the next in month-to-month rewards:
- 4,000 Bilt Rewards factors
- $80 Bilt Money
That is sufficient Bilt Money to cowl the price in your mortgage fee, even with out the one-time Bilt Money that is apparently a part of the welcome provide.
And it seems like Bilt is contemplating automating this course of primarily based on a second obvious leak. If this rumored change holds, you may have the choice to separate your housing funds between a Bilt card and a traditional automated clearing home, with the portion in your card decided robotically by the Bilt Money you must cowl the transaction price.
Associated: Bilt Rewards isn’t only for renters — right here’s why there’s one thing for everybody now
Different advantages
It seems just like the Bilt Palladium Card may even function a couple of further advantages when it launches:
- $400 Bilt Journey lodge credit score ($200 each six months)
- $200 Bilt Money yearly
- Precedence Move membership
- No international transaction charges
Different playing cards have doubled down on assertion credit in current months, so it isn’t stunning to see these additions, however these seem like very simple as compared. The lodge credit doubtless will not be restricted to a choose group of properties, and the $200 in Bilt Money can cowl the charges on housing funds or be used at varied retailers inside Bilt’s ecosystem.
If you should use each the lodge credit and the $200 in Bilt Money every year, that alone will cowl the cardboard’s $495 annual price.
Most precious rewards
Lastly, it is vital to think about the worth of the rewards that you just’re incomes on the cardboard — each for housing and on a regular basis purchases.
As famous beforehand, we worth Bilt factors extra extremely than all different currencies in our month-to-month valuations, thanks largely to the in depth checklist of top-tier switch companions. This consists of Alaska Airways Atmos Rewards, World of Hyatt, Japan Airways Mileage Financial institution and Air Canada Aeroplan. Moreover, you proceed to get a stable mounted worth on your factors by way of Bilt Journey (1.25 cents apiece on redemptions).
However much more importantly, it seems that the Bilt Palladium Card will embrace Gold standing as a part of the welcome provide (which we assume will probably be for the primary 12 months). This has large implications on your Bilt Rewards factors given the month-to-month Lease Day promotions the corporate provides.
In 2025, we noticed Gold members take pleasure in a 75% switch bonus to Avios, a 200% switch bonus to Accor Reside Limitless, a 75% switch bonus to Southwest Speedy Rewards and a 200% switch bonus to Hilton Honors.
Be aware that Gold members additionally achieve entry to Bilt’s House Away from House assortment of luxurious motels and resorts, which provides perks like space-available room upgrades, every day breakfast for 2 and a $100 food-and-beverage credit score.
It’s going to be attention-grabbing to see what we get from future Lease Day provides in 2026, however it’s a close to certainty that Bilt Gold standing will proceed to unlock extra worth alongside these strains.
Backside line
Rumors abound for the brand new slate of Bilt Rewards bank cards, and in the event that they show to be true, the Bilt Palladium Card may be the most effective premium card to make use of on your on a regular basis purchases — with out even factoring within the capacity to earn factors in your lease and mortgage funds.
With a dual-currency incomes construction and the chance to earn rewards in what we imagine is essentially the most precious program on the market, I am actually intrigued by this new card — and I believe quite a lot of TPG readers will probably be as effectively.
Keep tuned, as we’ll have a full breakdown of the brand new suite of Bilt playing cards as soon as they’re confirmed and out there for brand new candidates.
