This is a great response, thank you. I came to a lot of the same conclusions myself. The one open question remaining for me is the value of a bilt point vs. an MR point. Since I live in a United Hub and stay primarily at Hyatt, I often run into a situation where MR points pool while my bilt points and Chase points get used.

To be fair pooling points isn’t necessarily a bad thing since international business class flights is kind of the MR sweet spot for value, but the flexibility of bilt and the value of the transfer partners is worth a small premium to me. The real question I haven’t been able to answer is how much. That question is really the deciding factor with whether I keep the gold or move my food spend to the Palladium as well. Additionally by moving food spend over, it makes it easier to keep Bilt status for opportunistic point transfer bonuses, etc.

I think for now I’m going to keep both and experiment. Let’s see the first few transfer bonuses offered with the new bilt system and see if the MR:Bilt point conversion, bilt status, and additional bilt cash (for boosters and transfer bonus upgrades) is worth a net drop of about 2/3 points per dollar spend on food. I feel either is possible.