First Electronic Bank

Bilt Palladium Card

$495/year, earning Bilt Points, on the Mastercard network.

Card terms last verified against issuer pages on 2026-09-20.

At a glance

The Bilt Palladium Card is a $495/year card from First Electronic Bank earning Bilt Points. It carries 3 recurring statement credits worth $720 a year, listed in full below with the cap and reset date for each.

Annual fee$495

Credits a year$720

Base rate2x

Foreign feeNone

Welcome bonus

50,000 Bilt Points + Gold Status + $300 Bilt Cash — Spend $4,000 on everyday purchases in first 3 months.
Welcome offers change frequently and are often targeted. Confirm the current offer on the issuer's own application page before applying.

Statement credits

$720 a year across 3 credits against a $495 annual fee. The columns that matter are the cap and the reset date: a credit paid monthly cannot be saved up, and one that resets on the calendar year expires on 31 December no matter when you opened the card.

Resets on the calendar year, expiring 31 December

Resets on your cardmember year

Credit

Windows in a year

Each

A year

$400 Bilt Travel Hotel Credit $400 annual Bilt Travel Hotel credit distributed as two $200 semi-annual credits. Apply toward eligible hotel bookings made through the Bilt Travel Portal. Bookings must be for a minimum 2-night stay to qualify for the credit.

Twice a year, resets on the cardmember year

$200

$400

$200 Annual Bilt Cash Benefit $200 in Bilt Cash is automatically credited to your Bilt account upon card approval. In subsequent years, the $200 Bilt Cash benefit is credited on January 1st of each calendar year. Bilt Cash balances over $100 expire at year-end. Bilt Cash can be redeemed for dollar-for-dollar value toward fitness classes, hotel bookings, Home Delivery orders, Lyft rides, and more through the Bilt app.

Once a year, resets on the calendar year

$200

$10 Monthly Lyft Credit Up to $10 per month in Lyft credit, redeemable through Bilt Cash toward Lyft rides. $120 total annual value. Credit is available monthly and does not roll over to the next month if unused.

Monthly, resets on the cardmember year

$10

$120

Status and included memberships

Priority Pass Select — Complimentary Priority Pass Select membership providing access to over 1,400 Priority Pass airport lounges worldwide. Bring up to 2 guests per visit at no additional charge. Excludes Priority Pass restaurant experiences.

Protections and insurance

Coverage terms below are summaries. Insurance benefits are governed by a separate guide to benefits document from the issuer, and the exclusions in that document are what actually decide a claim.

Cell Phone Protection — Cellular Wireless Telephone Protection covers damage or theft of your cell phone up to $600 per claim with a $25 deductible, up to 2 claims per 12-month period. You must pay your monthly wireless bill with the Bilt Palladium Card to be eligible. Coverage begins the month after you start paying your cellphone bill with the card.
Purchase Assurance — Purchase Assurance covers items purchased with your Bilt Palladium Card that are damaged or stolen within 90 days of purchase, up to $1,000 per claim and $50,000 per cardholder account in a 12-month period. File claims at mycardbenefits.com or by calling 1-800-Mastercard within 60 days of the loss.
Trip Cancellation/Interruption Insurance — Trip Cancellation/Interruption Insurance reimburses you for non-refundable trip expenses if your trip is canceled or interrupted due to a covered reason (illness, severe weather, etc.). Coverage up to $2,000 per covered trip and $5,000 per account in a 12-month period. The entire trip must be paid with the Bilt Palladium Card. File claims at mycardbenefits.com or call 1-800-Mastercard within 60 days, with documentation submitted within 180 days.
Lost/Damaged Luggage Insurance — Lost or Damaged Luggage Insurance covers up to $1,500 per incident to repair or replace damaged or lost checked or carry-on luggage when traveling on a common carrier and the ticket was purchased with the Bilt Palladium Card. Lost luggage is defined as missing for 10 consecutive days. Up to 2 claims per 12-month period. File within 60 days with documentation within 180 days.
Trip Delay Reimbursement — Trip Delay Reimbursement provides up to $300 per trip for essential expenses (meals, lodging, toiletries) if your trip is delayed more than 6 hours while traveling to your destination or returning home. One claim per 12-month period. The trip must be purchased with the Bilt Palladium Card.
Baggage Delay Insurance — Baggage Delay Insurance covers up to $250 for replacing personal items in your checked baggage when it is delayed. Exclusive to Bilt Palladium cardholders. Up to 2 claims per 12-month period.
Extended Warranty — Extended Warranty doubles the original manufacturer's warranty for eligible items purchased with the Bilt Palladium Card, for warranties of 24 months or less. Coverage up to $10,000 per claim. Does not apply to commercial or professional use items.
MasterRental Coverage — MasterRental Coverage provides secondary auto rental collision/loss damage coverage when you rent a vehicle for 31 consecutive days or less and pay with your Bilt Palladium Card. You must decline the rental company's optional collision damage waiver. Coverage is secondary to your personal auto insurance.
Price Drop Protection — Price Drop Protection monitors prices for eligible items purchased with your Bilt Palladium Card and provides a refund of the price difference if the price drops within a specified period after purchase.

Questions people ask about the Bilt Palladium Card

What is the annual fee on the Bilt Palladium Card?

The Bilt Palladium Card has a $495 annual fee.

What statement credits does the Bilt Palladium Card include?

It carries 3 recurring statement credits worth $720 a year in total: $400 Bilt Travel Hotel Credit ($200 twice a year, resets on the cardmember year); $200 Annual Bilt Cash Benefit ($200, resets on the calendar year); $10 Monthly Lyft Credit ($10 monthly, resets on the cardmember year). Verified 2026-09-20.

What does the Bilt Palladium Card earn?

2x on other, 1x on rent, and 2x on everything else, in Bilt Points.

Is the Bilt Palladium Card worth the annual fee?

Its recurring statement credits total $720 a year against a $495 fee, so the card pays for itself on credits alone if you use 69% of them. Whether that holds depends on whether the specific merchants suit you — the credit table on this page lists each one.

Does the Bilt Palladium Card charge foreign transaction fees?

No — the Bilt Palladium Card has no foreign transaction fee.

Other First Electronic Bank cards

Bilt Blue Card

First Electronic Bank, no annual fee, Bilt Points

1x everything else

3 listed benefits

Bilt Obsidian Card

First Electronic Bank, $95/year, Bilt Points

3x Dining3x Grocery2x Travel 1x everything else

$300

a year across 2 credits

All First Electronic Bank cards

Verify before you apply. Card terms change without much notice, and issuers vary offers by applicant. Everything on this page was last checked on 2026-09-20 against our card database. The issuer's own terms page is the authority.