How do you earn rewards on rent and mortgage payments with the Bilt Palladium Card?

With the Bilt Palladium Card, you’ll earn an uncapped 1x points on your rent and mortgage payments, and you can even earn rewards on mortgage payments for multiple homes. However, to unlock these rewards, you’ll need to redeem $3 in Bilt Cash for every 100 points you want to unlock from rent and mortgage payments. In other words, a $1,500 mortgage or rent payment earns 1,500 points, but also requires that you redeem $45 in Bilt Cash to unlock those points. Of course, you’ll earn 4% back in Bilt Cash for all of your daily transactions, meaning you’d need to spend $1,125 on your card each month to earn that $45 in Bilt Cash.

Does the Bilt Palladium Card have airport lounge access?

Yes, the Bilt Palladium Card comes with complimentary Priority Pass access for the cardmember and up to 2 traveling companions. Note that this access does not include benefits at Priority Pass restaurant locations.

What are the benefits of the Bilt Palladium Card?

In addition to the rewards you can earn, the Bilt Palladium Card comes with perks like Priority Pass airport lounge access, up to $400 in annual Bilt Travel hotel credits, up to $200 in annual Bilt Cash, travel and purchase protections, and no foreign transaction fees.

Does the Bilt Palladium Card have an annual fee?

Yes, the Bilt Palladium Card charges a annual fee.

Does Bilt Cash expire?

Yes, with the exception of up to $100 in Bilt Cash that you can roll over to the following year, any unredeemed Bilt Cash beyond that amount will expire at the end of each calendar year.

Bilt Palladium Card: Full Review [2026]

Updated: January 15, 2026, 8:20am CST

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Bilt Palladium Card

U.P. Rating

3.5

Welcome Offer
Earn a 50,000 point sign-up bonus after $4,000 of non-housing spend in the first 3 months + Gold elite status. And, $300 Bilt Cash when you apply and get approved.
50,000 points + $300 Bilt Cash
Annual Fee
$495

Bilt Palladium Card

U.P. Rating

3.5

Summary

The Bilt Palladium Card is a premium card option for those who want to earn rewards on their rent and mortgage payments, but also want premium perks like airport lounge access.

Card Details

Card Snapshot

Welcome Bonus & Info

Earn 50,000 points after spending $4,000 on non-housing expenses in the first 3 months + Gold elite status. And, $300 Bilt Cash when you apply and get approved.2x points and 4% Bilt Cash on everyday purchases
Unlimited 1x points on rent and mortgage purchases
$400 annual Bilt Travel hotel credit, split into 2 semiannual credits (requires a 2-night stay)
$200 in Bilt Cash annually
Complimentary Priority Pass lounge access (worth $469 per year)
No foreign transaction fees
Annual fee of $495

Pros & Cons

Pros

2x points and 4% Bilt Cash on everyday purchases
Unlimited 1x points on rent and mortgage purchases
$400 annual Bilt Travel hotel credit, split into 2 semiannual credits (requires a 2-night stay)
$200 in Bilt Cash annually
Complimentary Priority Pass lounge access
No foreign transaction fees

Cons

Charges a $495 annual fee (rates & fees)
You’ll need to redeem Bilt Cash to unlock rewards for rent and mortgage payments
Bilt Cash expires at the end of the year, aside from up to $100 that you can roll over

Great Card If

You want a card that allows you to earn rewards on your rent and mortgage.
You want a premium card that offers airport lounge access and transferable rewards.

Don’t Get If

You want a card that offers bonus categories for the items you spend the most on.
You prefer a card with a lower annual fee.

Bilt Palladium Card — Is It Worth It?

If you’re in the market for a premium credit card that offers rewards for your rent and mortgage payments, the Bilt Palladium Card (rates & fees) could absolutely be worth it for you.

Not only can the card help you earn rewards on one of your biggest monthly expenses, but it also offers perks like Priority Pass lounge access, an up to $400 annual Bilt Travel hotel credit, up to $200 in annual Bilt Cash, and more.

Bilt Palladium Card Top Benefits and Perks

Here is a look at the benefits that cardholders of the Bilt Palladium Card can expect:

Priority Pass lounge access: Visit over 1,400 Priority Pass lounges worldwide, excluding restaurants, with your card, and bring up to 2 guests into the lounge with you free of charge.
$200 annual Bilt Cash: You can redeem your Bilt Cash to unlock rewards on rent and mortgage payments, via the Bilt Travel portal, merchandise, Walgreens prescriptions, and more.
$400 annual Bilt Travel hotel credit: Receive up to a $200 credit semiannually when you book a minimum of a 2-night hotel stay through Bilt Travel, for a total of up to $400 in credits each year.
Travel and purchase protections: This includes cellular wireless telephone protection, purchase assurance, MasterRental coverage, trip cancellation and interruption protection, trip delay reimbursement, extended warranty protection, baggage delay insurance, lost or damaged luggage insurance, and price drop protection.
No foreign transaction fees (rates & fees): Use your card during international travels to continue earning rewards with no fees.

Best Ways To Earn and Redeem Bilt Points

Using your card for all of your daily purchases is the best way to rack up Bilt Points and Bilt Cash. Your card earns unlimited 1x points on rent and mortgage payments, along with 2x points and 4% Bilt Cash on all other transactions.

However, in order to earn your full rewards on your rent and mortgage purchases, you’ll need to redeem $3 of Bilt Cash for every 100 points on housing payments you want to unlock. In other words, if you have a $2,000 mortgage or rent payments, you’ll need to redeem $60 in Bilt Cash to unlock your 2,000 Bilt Points. Considering the 4% Bilt Cash rate on all purchases, you’ll need to spend $1,500 on your card each month (outside of your rent or mortgage payment) in order to earn this much Bilt Cash.

Outside of your card spend, you can also earn bonus points through the Bilt Dining program, Lyft rides, fitness classes, Walgreens purchases, and more. On Rent Day, cardholders can also earn double rewards on the first day of every month on all eligible purchases except rent, up to 1,000 bonus points.

You can use Bilt Cash to unlock rewards for rent and mortgage payments, Bilt Travel purchases, neighborhood spending, and more. The best value for your Bilt Points is realized through the Bilt Rewards transfer partners, which include Alaska Airlines Atmos Rewards and Japan Airlines Mileage Bank, along with several other airlines and most major hotel chains.

Alternative Cards to the Bilt Palladium Card

Bilt Obsidian Card

If you want a card that will help you earn rewards on your rent and mortgage, but don’t want to pay a large annual fee, the Bilt Obsidian Card (rates & fees) would be a better fit for you.

It still earns an uncapped 1x points on rent and mortgage payments, plus 3x points on your choice of dining or groceries on up to $25,000 in spend per year and 4% back in Bilt Cash, 2x points on travel purchases and 4% back in Bilt Cash, and 1x points and 4% back in Bilt Cash on all other purchases.

While it doesn’t offer as many perks as the Bilt Palladium Card, it still comes with a $100 annual Bilt Travel hotel credit, cellular wireless telephone protection, various travel protections, and no foreign transaction fees (rates & fees).

Bilt Blue Card

For those who are extremely averse to credit card annual fees, the Bilt Blue Card (rates & fees) is the option for you. It earns unlimited 1x points on rent and mortgage payments, along with 1x points and 4% back in Bilt Cash on all other purchases.

Since it is a $0-annual-fee card (rates & fees), cardholders don’t receive many perks, but they can utilize cellular wireless telephone protection, no foreign transaction fees (rates & fees), and travel protections.