Is the Bilt Palladium Card worth $495/yr?

The honest math on the Bilt Palladium Card: which credits you'd actually use, what its points earn beyond a plain 2% card, and what its protections would cost to buy — against the $495 annual fee.

Bilt / Column N.A. Bank · $495 annual fee (Authorized users cost $95 each (each gets their own Priority Pass membership).) · earns Bilt Points

Earning rates

5x Bilt Neighborhood Dining partners
4x Hotels via Bilt Travel
3x Flights via Bilt Travel
4x Lyft rides
4x Rent Day: 4x on the 1st of each month (Bonus capped at 1,000 points per month — about $500 of spend on the 1st at Palladium's doubled 2x base (≈$6,000/yr); promotion confirmed through 2027-01-01)
2x Everything else

Statement credits (2)

$400 Bilt Travel Hotel Credit — Up to $200 per half-year toward prepaid or pay-at-hotel stays of 2+ nights booked through the Bilt Travel portal.
$200 Annual Bilt Cash — $200 of Bilt Cash deposited on approval and every January 1 — not cash, a second Bilt currency.

Protections and perks (10)

Priority Pass Lounge Access — Priority Pass membership (1,700+ lounges) for the cardholder plus up to two guests per visit; $35 per additional guest.
Cell Phone Protection — Up to $800 per claim for theft or accidental damage when you pay your monthly wireless bill with the card ($50 deductible).
MasterRental Coverage (Secondary) — Secondary collision/damage coverage on rentals paid with the card, up to 31 consecutive days.
Trip Cancellation / Interruption — Up to $2,000 per trip ($5,000 per account per 12 months) for non-refundable common-carrier fares cancelled or interrupted by covered injury, sickness, or death.
Trip Delay Reimbursement — Up to $300 per trip for expenses when a common-carrier trip paid with the card is delayed more than 6 hours.
Baggage Delay & Lost Luggage — Up to $250 per claim for essentials when checked bags are delayed 6+ hours; up to $1,500 per incident for lost or damaged checked or carry-on luggage.
Purchase Assurance — New purchases covered for 90 days against damage or theft, up to $1,000 per claim.
Extended Warranty — Doubles eligible US manufacturer or store warranties of 24 months or less, adding up to 24 extra months.
Price Drop Protection — Refunds the difference (up to $250 per claim) if you find a lower printed or non-auction online price within 90 days of purchase.
No Foreign Transaction Fees — No surcharge on purchases made abroad.

Card data verified against Bilt / Column N.A. Bank on 2026-08-21.

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