After a confusing rollout of Bilt 2.0, I bit the bullet and applied for the Bilt Palladium card. In a nutshell:
- 50,000 bonus points, $300 in Bilt Cash + Gold Status after spending $4000 in first 3 months
- $200 in Bilt Cash annually
- 2X points plus 4% Bilt Cash on everyday spend
- $400 Bilt Hotel credit ($200 twice/year), 2-night minimum
- $495 annual fee
Yesterday, Bilt announced details of how you can spend Bilt Cash (new currency that comes with the new Bilt 2.0 credit cards). Admittedly, I’m a bit disappointed.
Bilt Cash Details
You can read the entire announcement here.
Dining and Groceries
$120 / year towards grocery or restaurant delivery (fulfilled via GrubHub)
- Redeem toward restaurant and grocery delivery fulfilled by GrubHub; $10 credit each month; Available 3/1/26
$60 / year of credits for Bilt 15-minute home delivery
- Redeem Bilt Cash toward Bilt’s ultra-fast Home Delivery orders on groceries, alcohol, and essentials, powered by Gopuff; $5 credit each month
$100 / year toward Gopuff FAM (Free delivery and discounted groceries)
- Cover your Gopuff FAM membership for up to twelve months; up to $100 annually; redeemable for monthly or annual membership; Available 3/1/26
$300 / year of restaurant credit at select Bilt Dining partners
- Use Bilt Cash toward meals at select Bilt partner restaurants via Mobile Dining Checkout; one visit per month up to $25; rollout expanding to thousands of restaurants nationwide throughout this year
$600 / year toward dining experience bookings
- Redeem Bilt Cash to book exclusive Bilt dining experiences; up to $50 per month; Available 3/1/26
Cardholder Exclusive Bonus Points
Cardholder exclusive bonuses are available when card earning is set to 4% back in Bilt Cash on everyday spend.
Point accelerator on everyday spend²
- Enable +1X bonus points on all everyday spend for the next $5,000 following activation; exclusively available to Obsidian and Palladium cardholders; Cost: $200 Bilt Cash; up to 5 activations annually; expires after $5,000 spend or calendar year-end
- Obsidian earnings when enabled: 4X dining or grocery³, 3X travel, 2X everyday spend
- Palladium earnings when enabled: 3X everyday spend
Unlock points on housing payments, up to 1X
- Unlock points on monthly rent or mortgage payments with no transaction fees; every $30 Bilt Cash redeemed earns 1,000 points, up to 1X of your monthly rent or mortgage payment
Travel and Transportation
Up to $1,200 hotel credit / year
- Use Bilt Cash in the Bilt Travel Portal; two-night minimum; up to $50/month for Blue & Silver members and $100/month for Gold & Platinum members
Unlock higher transfer bonuses
- Use Bilt Cash to upgrade your Rent Day transfer bonus to the next status tier; Platinum members receive an additional boost; example: Gold member can upgrade from 75% to 100% for $75 Bilt Cash; pricing and availability subject to change
$120 Lyft rideshare credits / year
- Redeem $10 per month toward Lyft rides
Up to $150 toward a Blacklane ride / year
- Redeem for Blacklane rides; up to $50/year (Blue & Silver), up to $100/year (Gold), or up to $150/year (Platinum)
Up to $700 of BLADE credit / year
- Redeem for BLADE airport flights; up to $350 per booking; up to 2 bookings per year; Available 3/1/26
Unlock Home Away From Home hotel benefits
- Blue & Silver members can unlock luxury hotel booking benefits usually reserved only for Gold and Platinum members for $95 Bilt Cash; may include benefits such as room upgrades, ~$100 hotel credits, early check-in, late checkout, and more; Available 3/1/26
Up to $768 of Priority Pass extra guest credits / year
- Palladium-only; cover up to two guest fees per month; $32 per guest; up to $64 statement credit per month
$60 toward parking / year
- Redeem $5 per month at participating Bilt Neighborhood Parking locations; Available 3/1/26
Health and Wellness
$480 fitness class credit / year
- Redeem toward one group fitness class per month in the Bilt app (including SoulCycle, Barry’s, and others); up to $40 per month
$120 Walgreens credit / year
- Redeem $10 per month toward a Walgreens credit
Other
$600 toward comedy experience bookings per year
- Redeem up to $50 per month for exclusive Bilt comedy experiences; Available 3/1/26
$120 Bilt Design Collection credit per year
- Redeem up to $10 per month toward Bilt Design Collection purchases
Why I’m Disappointed
This is like the ultimate coupon book, with some category caps at $5/month. What a pain!
Many of the spending categories are hard to use where I live (especially Blade). While Blade does fly out of DFW, I can only find private charter flights for $12k. But my biggest disappointment is using Bilt Cash for hotel credits, which is capped at $100/month for Gold Status with a minimum 2-night stay.
For me, the best uses of Bilt Cash appear to be:
- Using Bilt Cash to unlock a higher Rent Day transfer bonus (but that will depend on the transfer)
- Stacking the card’s $200 hotel credit with a monthly $100 Bilt Cash redemption for a $300 hotel credit for a 2-night stay (hopefully we can stack these???)
- Using $200 Bilt Cash as a point accelerator for 3X on every day spend (up to $5000)
Readers, what do you think of these Bilt Cash options?
Author: Nancy
Nancy lives near Dallas, Texas, with her husband and three kids. Her favorite vacations include the beach, cruising and everything Disney.
None. I’ve been a Bilt cardholder for a couple years but I am 100% out. What a confusing, annoying, and unappealing card roll-out this has been.
Seems like the points accelerator is basically paying 4 “Bilt Cash cents” per point (if you are able to organically max it out) as opposed to paying 3 “Bilt Cash cents” per point when paying mortgage/rent.
Not the worst use if you have extra Bilt Cash to burn, but I prefer some of the other options.
My priority list is probably something like this…
1. $25/mo for Bilt Dining (moderately useful, dollar for dollar, seems to be several places nearby if all dining locations work)
2. $100/mo for hotel credit, only if it stacks with the $200 hotel credit, and I can only do it those months. Then it’s closer to “dollar-for-dollar” value
3. If a use-case pops up, the higher transfer bonuses
4. Earning points on my mortgage (basically paying 3 “Bilt Cash cents” per point)
If I have more to burn after that…
5. Lyft rideshare credits for months I know I’ll use them
6. $100/yr Blacklane credit (use for one airport ride a year, about $150 looks like, so only $50ish after credit for a nice ride, compared to an $80ish uber/Lyft)
7. Maybe the $10 Walgreens credit? Seems like a bit of a chore, but I could probably use it
8. Point accelerator late in the year if I have more Bilt Cash to burn. I have large work spend that comes up then, so I know I could hit a few of those bonuses.
The rest of the credits seem completely worthless to me. I may keep tabs on the Comedy Experiences, but I don’t think $50 off there will be that appealing.
I wanted to like this card so I could earn points paying my mortgage but it’s so confusing.
It’s a headache just to read all of these (mostly nonsense) “coupon-ads” credits! Such a mess. My guess is Bilt took a lot of money from several advertisers and spending portion of it as a promos for Bilt customers. Good for Bilt – bad for users (as most of those promos will go unused).
For me, I see an almost clean return of your $495 fee:
– $200+$200 hotel credits, up to $300 value (depending what booking portal Bilt uses)
– Priority Pass, $100-150 value (how many times you gonna use it when flying Economy?)
– $200 Bilt cash – maybe $100 value.
So it’s about breaking even, after your sign-up bonus no longer in play.
Card looks on par with Chase Reserve, hence lower fee but stranger redemption.
Not wanting to apply anytime soon. Maybe for better bonus once available…