Bilt Palladium's $495 Fee, One Year After Bilt Mastercard's Shutdown: Does the Math Still Work?
With the no-fee Bilt Mastercard gone since February 2026, Palladium is now the only Bilt card left standing — here's what its credits actually cover
What Palladium Includes
Bilt Palladium's annual fee is $495. In exchange, cardholders get $200/yr in Bilt Cash, credited each January 1st, plus a $400/yr Bilt Travel hotel credit, split as $200 in the first half of the year and $200 in the second half via the Bilt Travel portal (minimum 2-night stay to redeem). Combined, that's $600/yr in credits and cash against a $495 fee — before counting Bilt Points' notable 1:1 transfer to World of Hyatt, one of the higher cash-per-point transfer partners in this dataset.
Where the $600 Actually Requires Effort
The $400 hotel credit isn't a flat statement credit — it requires booking a stay of at least 2 nights through the Bilt Travel portal specifically, which is a narrower redemption path than a general travel credit. Anyone who books hotels directly or through other portals out of habit will need to change that behavior twice a year to fully capture this credit.
The Case the Credits Alone Don't Make
$600 in credits and cash against a $495 fee is a net positive on paper, but real value depends on actually booking through the required portal both halves of the year. For someone who doesn't travel enough to hit two separate qualifying hotel stays annually, the card's value case shifts to the Bilt Points earning rate on rent (Palladium's core differentiator) and the Hyatt transfer relationship rather than the credits themselves.
Bottom Line: Bilt Palladium Isn't a Bilt Mastercard Replacement, It's a Different Card
Palladium isn't a replacement for what Bilt Mastercard was — it's a different product built around a $495 fee, cash and hotel credits, and a strong Hyatt transfer ratio. Evaluate it on that basis, not as a continuation of a no-fee card that no longer exists.
Frequently Asked Questions
Does Bilt Palladium replace the discontinued Bilt Mastercard?
No. Bilt Mastercard, the no-fee card, was deactivated February 7, 2026 and has no live benefits. Palladium is a distinct product with a $495 annual fee, different credits, and a different value proposition — it shouldn't be evaluated as a direct upgrade path from the old card.
What credits does Bilt Palladium offer?
$200/yr in Bilt Cash credited each January 1st, plus a $400/yr Bilt Travel hotel credit split into two $200 halves (each requiring a minimum 2-night stay booked through the Bilt Travel portal) — $600 total against the $495 annual fee.
Is Bilt Palladium worth it if I don't travel much?
The credits alone may not fully offset the fee if you can't book two qualifying hotel stays a year through Bilt Travel specifically. In that case, the card's value shifts to its rent-earning rate and the strong 1:1 Bilt-to-Hyatt transfer relationship rather than the credits.