Amex Platinum vs Bilt Palladium
Side-by-side comparison: signup bonus, annual fee, benefits, transfer partners. Updated daily from issuer pages.
Quick Answer
For year-one net value (welcome bonus minus annual fee), Amex Platinum comes out ahead at ~$2,605 even at a higher $895 annual fee vs $495. Amex Platinum sits in Amex MR; Bilt Palladium sits in Bilt Rewards. The right pick still depends on which credits and category multipliers fit your spending pattern — full breakdown below.
Amex Platinum
Highest first-year value among the 2 cards you're comparing — $6,809 after annual fee.
Amex
Amex Platinum
Annual Fee
$895/yr
Signup Bonus
175,000 Membership Rewards
Bonus Value
~$3,500
Benefits Value
~$4,204/yr
Spend Req.
$12,000 / 6mo
Rewards Currency
Amex MR
Network
Amex
Card Type
Personal
Benefits
✈️ travel credit
CLEAR Plus Credit
$209/yr
Global Entry / TSA PreCheck Credit
$120/yr
🍽️ dining credit
Resy Restaurant Credit
$400/yr
Uber Cash
$200/yr
Uber One Credit
$120/yr
🏨 hotel credit
Hotel Credit
$600/yr
🛫 airline credit
Airline Fee Credit
$200/yr
🏛️ lounge
Centurion Lounge Access
$400/yr
Priority Pass Select
$400/yr
Global Lounge Collection
$200/yr
⭐ status
Marriott Bonvoy Gold Status
Hilton Honors Gold Status
Leaders Club Sterling Status
🛍️ shopping credit
Digital Entertainment Credit
$300/yr
Walmart+ Membership Credit
$155/yr
Saks Fifth Avenue Credit
$100/yr
Lululemon Credit
$300/yr
Equinox / SoulCycle Credit
$300/yr
Oura Ring Credit
$200/yr
Bilt
Bilt Palladium
Annual Fee
$495/yr
Signup Bonus
50,000 Bilt Rewards
Bonus Value
~$1,100
Benefits Value
—
Spend Req.
$4,000 / 3mo
Rewards Currency
Bilt Rewards
Network
Mastercard
Card Type
Personal
Benefits
No tracked benefits
Quick winners by category
The fast answer if you came here looking for one specific thing.
Best for Travel
Amex Platinum
Wins on the full premium-travel stack — travel credit + hotel credit + lounge network + comprehensive travel insurance — all under one annual fee.
Best for Dining
Amex Platinum
Dedicated dining credit plus strong restaurant earning multiplier.
Best for Lounge Access
Amex Platinum
Stronger lounge network (Centurion + Priority Pass) than the other card's Priority Pass.
Best for Transfer Partners
Amex Platinum
Amex MR has 21+ transfer partners — better redemption flexibility.
Best for Beginners
Bilt Palladium
Lower $495 annual fee makes the math safer for newer cardholders.
Best Overall Value
Amex Platinum
~$6,809 of first-year value after annual fee — wins the math.
Best for Premium Travel
Amex Platinum
Premium hotel credits, top-tier lounge access, and travel insurance built in — the luxury-travel pick.
Best for Luxury Travel
Amex Platinum
Stronger luxury-travel package: Centurion network + Fine Hotels & Resorts credit.
Best for Hyatt Transfers
Bilt Palladium
Transfers points to World of Hyatt 1:1 — the highest-CPP redemption in the points game. Bilt Rewards owns this advantage.
Biggest Credit Stack
Amex Platinum
Bigger statement-credit stack (~740/yr in tracked credits) — high ceiling if you use them.
What it's worth for your spending
Estimated first-year value (welcome bonus + benefits − annual fee) for four common spending profiles.
| Profile | Amex Platinum | Bilt Palladium |
|---|---|---|
| Light spender, building credit | $6,985 | $781 |
| Everyday family ($40K/yr spend) | $7,349 | $1,199 |
| Frequent traveler (2-3 trips/yr) | $7,349 | $1,361 |
| Premium traveler (5+ trips/yr) | $7,709 | $2,045 |
Year-one value = welcome bonus + tracked benefits + estimated points value from spending − annual fee. Points valued at 1.5¢ each (transferable) or 1¢ each (cashback). Real-world value depends on how you redeem.
Side-by-side: every spec that matters
Higher value highlighted in green per row.
| Amex Platinum | Bilt Palladium | |
|---|---|---|
| Welcome bonus | 175,000 Membership Rewards (~$3,500) | 50,000 Bilt Rewards (~$1,100) |
| Annual fee | $895/yr | $495/yr |
| Authorized user fee | $195/user | $0 |
| Transfer partners | 21+ partners (Amex MR) | 10+ partners (Bilt Rewards) |
| Travel credits | $529/yr | — |
| Lounge access | Centurion + Priority Pass (Amex) | Priority Pass only |
| Dining rewards | 1x | 1x |
| Grocery rewards | 1x | 1x |
| Hotel rewards | $600/yr on prepaid hotels via amextravel.com | 3x |
| Travel insurance | Comprehensive | Comprehensive |
| Cell phone protection | Included | Included |
| Foreign transaction fee | $0 | $0 |
| Mobile wallet | Apple Pay, Google Pay, Samsung Pay | Apple Pay, Google Pay, Samsung Pay |
| Network | Amex | Mastercard |
Who should get the Amex Platinum?
- ✓You'll actually use Centurion Lounges 6+ times a year — for casual travellers the network has too many gaps to justify the $695 AF.
- ✓You book at least one Fine Hotels & Resorts stay annually so the $200 FHR credit + breakfast + early check-in pay back.
- ✓You'll calendar the $200 airline, $200 Uber, $300 Equinox, $189 CLEAR, $155 Walmart+ credits — not "set and forget", actual management.
- ✓You don't need Hyatt redemptions — Amex MR has no Hyatt partnership, so if Hyatt is your endgame this is the wrong card.
- ✓You're a frequent traveler willing to absorb a $895 annual fee for premium credits and lounge access.
- ✓Travel is one of your top 3 spending categories and you want to earn faster on flights, hotels, and ride-shares.
- ✓You book aspirational hotels and want elite status, suite upgrades, and resort credits without earning them through stays.
Who should get the Bilt Palladium?
- ✓You're a frequent traveler willing to absorb a $495 annual fee for premium credits and lounge access.
- ✓Travel is one of your top 3 spending categories and you want to earn faster on flights, hotels, and ride-shares.
- ✓You book aspirational hotels and want elite status, suite upgrades, and resort credits without earning them through stays.
- ✓You fly enough that airport lounge access alone justifies the annual fee.
- ✓You enjoy stacking multipliers, calendaring statement credits, and treating your wallet like a small portfolio — the extra cognitive load is worth real $ to you.
- ✓You're already over 5/24 — Chase approvals are unlikely for now, so Amex / Cap One / Citi cards are the realistic next move.
- ✓You only need to clear first-year math — welcome bonus + statement credits − AF — and are happy to downgrade or cancel before year two if the credits don't fit your life.
Frequently asked questions
Which has a better welcome bonus, Amex Platinum or Bilt Palladium?
Amex Platinum currently offers the stronger welcome bonus by estimated cash value (~3,500 vs ~1,100). Welcome bonus offers change frequently — check the current offer on each card's detail page before applying.
Is the Amex Platinum worth the 895 annual fee?
For first-year cardholders the answer is usually yes — the welcome bonus (~3,500) and statement credits alone typically cover the 895 fee several times over. After year one, the math depends on your spending patterns. Use our Annual Fee Calculator with your actual numbers to verify before renewing.
Is the Bilt Palladium worth the 495 annual fee?
For first-year cardholders the answer is usually yes — the welcome bonus (~1,100) and statement credits alone typically cover the 495 fee several times over. After year one, the math depends on your spending patterns. Use our Annual Fee Calculator with your actual numbers to verify before renewing.
Can I have both the Amex Platinum and the Bilt Palladium?
Yes — these cards are from different issuers (Amex and Bilt), so holding both is fine. Each card has its own welcome bonus and benefits with no overlap rules between the two issuers.
Which card is better for transferring points to Hyatt?
Bilt Palladium transfers to World of Hyatt at 1:1 through its Bilt Rewards ecosystem — one of the highest-CPP redemptions in the points game. Amex Platinum doesn't transfer to Hyatt — Amex MR has no Hyatt partnership.
Which card has better airport lounge access?
Amex Platinum unlocks Centurion + Priority Pass; Bilt Palladium unlocks Priority Pass. Both give you a real lounge experience, but the networks don't overlap — pick the card whose lounge footprint fits the airports you actually fly through.
Which card has the better overall value?
Based on first-year math (welcome bonus + tracked statement credits − annual fee), Amex Platinum comes out ahead at ~6,809 of net value vs ~605 for the other card. After year one, the better card for YOU depends on how naturally you'll use the credits and category bonuses.
Which card has the easier minimum spend requirement?
Bilt Palladium has the easier bar — 4,000 in 3 months — vs 12,000 in 6 months for Amex Platinum. Don't manufacture spend just to hit a higher threshold — if you can't reach it through normal spending, the card isn't the right fit right now.
Ready to apply?
Click through to the issuer's secure application page. Welcome bonus offers are confirmed at the time of approval, not at click time.
Amex
Amex Platinum
Welcome: 175,000 Membership Rewards · ~$3,500 est. value
Bilt
Bilt Palladium
Welcome: 50,000 Bilt Rewards · ~$1,100 est. value
Run your own numbers
These calculators use the same data this comparison runs on — plug in your spending and see net value.
Last reviewed
2026-05-29
Data sources
Issuer pages (verified via Playwright on this date), TPG monthly valuations, public award charts.
Methodology
Editorial note: CreditPoints may earn a commission when you apply through some of the links on this page, but the side-by-side ranking, Quick Winners and Real-World Scenarios are algorithmic and identical for all readers. We never accept payment to change ordering.
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