Bilt Palladium vs Chase Sapphire Reserve®
Side-by-side comparison
| Bilt Palladium | Chase Sapphire Reserve® | |
|---|---|---|
| Annual fee | $495 | $795 |
| Welcome offer | 50,000 points + Gold Status + $300 Bilt Cash | 100,000 Ultimate Rewards® Points |
| Dining | 2x | 3x |
| Groceries | 2x | 1x |
| Gas | 2x | 1x |
| Travel | 2x | 4x |
| Streaming | 2x | 1x |
| Everything else | 2x | 1x |
| Est. yearly rewards* | $583 | $406 |
| Points type | Transfers to airlines & hotels | Transfers to airlines & hotels |
| Network | Mastercard | Visa |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified July 2026. See your own numbers in the calculator.
Welcome bonus and value over time
| Over time | Bilt Palladium | Chase Sapphire Reserve® |
|---|---|---|
| Welcome bonus | 50,000 points + Gold Status + $300 Bilt Cash | 100,000 Ultimate Rewards® Points |
| To earn it | $4,000 in 90 days | $6,000 in 3 months |
| Est. first-year value* | $1,488 | $2,719 |
| Est. ongoing value / yr* | $688 | $1,719 |
The Chase Sapphire Reserve® wins on both fronts: it comes out ahead in year one on the welcome offer and stays ahead every year after. Short term or long, it is the stronger pick on the numbers.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent.
Perks, credits, and redemptions
| Perks | Bilt Palladium | Chase Sapphire Reserve® |
|---|---|---|
| Lounge access | Yes — Priority Pass | Yes — Priority Pass, Sapphire Lounges |
| Annual credits | ~$600/yr (2 credits) | ~$2,108/yr (7 credits) |
| Points & redemptions | Transferable to airline & hotel partners | Transferable to airline & hotel partners |
On perks and redemptions, the Chase Sapphire Reserve® carries the heavier credit stack (about $2,108 a year). Weigh those against the fee, since credits and lounge access only count if you will actually use them.
Transfer partners and point value
The Bilt Palladium earns Bilt Rewards, which transfers to Alaska / Atmos, Air Canada, World of Hyatt, American Airlines, and Turkish. The Chase Sapphire Reserve® earns Chase Ultimate Rewards, reaching World of Hyatt, United, Air Canada, Southwest, and British Airways Avios. Most transfers are 1:1 on both, so the partners themselves, not the ratios, are what separate them.
The standout difference is the crown-jewel partner: for the Bilt Palladium it is Alaska and Hyatt, a rare pairing that covers both a top airline and a top hotel program; for the Chase Sapphire Reserve® it is World of Hyatt at 1:1, widely considered the single best hotel transfer in points. Pick the program whose best partners match the trips you would actually book.
The verdict
On a typical year of household spending, the Bilt Palladium earns about $583 a year in rewards and the Chase Sapphire Reserve® about $406, valuing every point at a flat 1 cent. The Bilt Palladium charges $495, but carries about $600 in annual statement credits that offset it for anyone who uses them. The Chase Sapphire Reserve® charges $795, but carries about $2,108 in annual statement credits that offset it for anyone who uses them. Counting rewards, fees, and any credits, the Chase Sapphire Reserve® delivers more total value, about $276 a year more for a typical spender, mostly because it earns more where you spend most, on travel and dining. Both earn transferable points rather than flat cash, so the deciding factor is whose transfer partners reach the airlines and hotels you would actually book. On the sign-up bonus, the Chase Sapphire Reserve® currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Bilt Palladium if your spending leans toward groceries, gas, streaming. Pick the Chase Sapphire Reserve® if your spending leans toward dining, travel.