Bilt Obsidian Card
3x on dining or grocery, 2x on travel, and up to 1.25x on rent — all with $200 Bilt Cash at signup
The Bilt Obsidian earns 3x Bilt Points on your choice of dining or grocery plus 2x on travel, while unlocking up to 1.25x points on rent and mortgage payments with no transaction fee. At $95 per year, the $100 annual hotel credit can more than cover the fee, and 4% Bilt Cash on everyday spend fuels the entire ecosystem.
- Annual Fee
- $95
- in rewards · Welcome Bonus
- $200
- Top Rate
- 3X
Terms checked against the issuer on July 29, 2026
At a Glance
- Annual Fee
- $95
- Foreign Transaction Fee
- $0
- Network
- Mastercard World Elite
- Rewards Currency
- Bilt Points
- Point Value (Transfer Estimate)
- 1.55–2.2 cpp (mid: 2)
- Credit Required
- Good to Excellent
Welcome Offer
Bonus: $200 in rewards
Earning Rates
- 3X
Dining
3X on your choice of dining or grocery (dining is the default); up to 6X in total at Bilt partner restaurants
- 3X
Grocery Stores
3X points on your choice of dining or grocery (grocery up to $25K/year)
Cap: $25,000/annual
- 2X
Travel
2X on airlines, hotels, motels, resorts, cruise lines and car rentals
- 2X
Walgreens
2X on most in-store Walgreens purchases (1X card plus 1X Bilt bonus), 3X on Walgreens-brand items; pharmacy purchases are excluded from bonus points
- 1.25X
Rent
Up to 1.25X via tiered option or up to 1X via Bilt Cash option; no transaction fee; no annual cap on housing payments
- 1.25X
Mortgage
Up to 1.25X via tiered option or up to 1X via Bilt Cash option; no transaction fee
- 1X
All Other
1X on all other purchases
Earning Scenarios
3x on dining — your choice of top category
Spend $500/month on dining and earn 1,500 Bilt Points monthly (18,000/year). At 2.2 cents each, that's $396 in value from dining alone.
2x on every flight, hotel, and rental car
A $3,000 vacation earns 6,000 Bilt Points worth $132 when transferred to partners — plus the $50 hotel credit if you book 2+ nights on Bilt Travel.
Up to 1.25x on rent — a category no other card covers
A $2,000 monthly rent payment can earn 2,000 Bilt Points ($44 value) per month. Over a year, that's $528 in value from a payment you're already making.
Benefits & Perks
Annual Credits & Statement Credits
1 creditsUp to
$100
in recurring credits (annual)
$100 hotel credit
Applied twice a year, as $50 statement credits, for qualifying Bilt Travel Portal hotel bookings
$100
Annual
Insurance & Protections
7 protectionsTrip cancellation up to $2,000/trip
secondary
Reimburses prepaid, non-refundable trip expenses up to $2,000 per trip and $5,000 per account annually for covered cancellations or interruptions.
Cellular Wireless Telephone Protection
secondary
Reimbursement for the actual cost to replace or repair a stolen or damaged eligible cellular wireless telephone.
View conditions
Deductible: 50
Trip Delay
secondary
If you are delayed more than six (6) hours while traveling to your destination or return destination, we will reimburse you for travel expenses as a
MasterRental Coverage
secondary
Covers repair/replacement cost for damage or theft (no fixed cap) plus up to $500 in loss-of-use charges when you decline the agency's CDW.
Luggage insurance up to $1,500
secondary
Covers repair or replacement of lost or damaged luggage and personal property up to $1,500 per incident, with a maximum of 2 claims per year.
Show all 7 protectionsShow fewer protections
Purchase Assurance
secondary
Most items you purchase entirely with your covered card are covered if damaged or stolen within 90 days from the date of purchase as indicated on
Extended warranty up to $10,000/claim
secondary
Extends the original manufacturer's warranty by up to one year on eligible items with a U.S. warranty of 2 years or less, up to $10,000 per claim.
Dining Out
3x at restaurants
Bilt Rewards · if dining is your chosen category
≈$6 in value on a $100 dinner, at our valuation of 2¢ per point
Annual fee: $95
Explore 5,512 New York restaurants with this cardStack a dining program
Rakuten Dining
5% back at 20,618 participating restaurants, on top of this card's 3x, once you join and link this card.
+$5
cash back, or ≈$5.50 as points
More on a $100 dinner
Program & Transfers
Bilt Rewards
Bilt Rewards rewards earned with this card can transfer to 25 loyalty partners.
Bilt Rewards offers one of the strongest transfer partner networks in the industry with 20+ partners at mostly 1:1 ratios. The Bilt 2.0 overhaul in January 2026 changed how points are earned on housing — now requiring everyday spend or Bilt Cash to unlock housing rewards — but the program's transfer value remains compelling for travel enthusiasts.
Program Ratings
Transfer Partners (25)
Transfer your Bilt Points to 25 leading loyalty programs for maximum value.
Airlines
(18)Most partners accept Bilt Points at a 1:1 ratio with instant or near-instant transfers.
View detailed transfer ratios
Airlines
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | 1-2 days | — | 1.5 cpp | |
| 1:1 | 1-2 days | — | 1.3 cpp | |
| 1:1 | 1-2 days | — | 1.3 cpp | |
| 1:1 | 1-2 days | — | — | |
| 1:1 | 1-2 days | — | 1.1 cpp | |
| 1:1 | 1-2 days | — | — | |
| 1:1 | 1-2 days | — | — | |
| 1:1 | 1-2 days | 88% | 1.25 cpp | |
| 1:1 | 1-2 days | 82% | 1.3 cpp | |
| 1:1 | 1-2 days | 76% | 1.3 cpp | |
| 1:1 | 1-2 days | 76% | 1 cpp | |
| 1:1 | 3-5 days | 76% | 1.25 cpp | |
| 1:1 | 1-2 days | 76% | 1.2 cpp | |
| 1:1 | 1-2 days | 71% | 1.25 cpp | |
| 1:1 | 1-2 days | 71% | 1.25 cpp | |
| 1:1 | 1-2 days | 65% | 1.35 cpp | |
| 1:1 | 1-2 days | 65% | 1.1 cpp | |
| 1:1 | 1-2 days | 53% | 1 cpp |
Hotels
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:2 | 1-2 days | — | 0.5 cpp | |
| 1:1 | 1-2 days | — | 0.7 cpp | |
| 1:1 | 1-2 days | 100% | 1.65 cpp | |
| 3:2 | 1-2 days | 86% | 2.25 cpp | |
| 1:1 | 1-2 days | 41% | 0.7 cpp | |
| 1:1 | 1-2 days | 35% | 0.6 cpp | |
| 1:1 | 1-2 days | 29% | 0.4 cpp |
Sweet Spots — Best Redemptions
| Route / Property | Points | Cabin/Type | Value / Region |
|---|---|---|---|
| Intra-Europe in Economy on a Partner | 4,000 | economy | Europe |
| Domestic US in Economy | 4,500 | economy | United States |
| US to Europe in Economy | 6,000 | economy | Europe |
| Domestic US in Economy on a Partner | 6,300 | economy | United States |
| US to South America in Economy | 7,100 | economy | South America |
| Domestic US and Canada in Economy | 7,100 | economy | United States |
| Intra-Europe in Economy | 7,500 | economy | Europe |
| US to Hawaii in Economy | 8,000 | economy | United States |
| Intra-Europe on Star Alliance | 8,000 | economy | Europe |
| Intra-Europe in Business | 8,000 | business | Europe |
| US to Mexico in Economy on a Partner | 11,500 | economy | Central America |
| Canada to Hawaii in Economy | 11,600 | economy | United States |
| US to Hawaii in Economy on a Partner | 15,000 | economy | United States |
| US to South America in Business | 22,500 | business | South America |
| US to Northern Africa in Economy | 25,000 | economy | Africa |
| US to Japan in Economy | 27,000 | economy | Asia |
| US to Hawaii in First Class | 30,000 | first | United States |
| US to South Korea in Economy | 30,000 | economy | Asia |
| US to Mexico in Business on a Partner | 30,000 | business | Central America |
| US to Southeast Asia in Economy | 39,200 | economy | Asia |
Showing top 20 of 31 sweet spots
Reviews & Analysis
Third-Party Rankings & Ratings
3 sourcesCategory Rankings (3 categories)
Pros and Cons
Pros
- +3x points on your choice of dining or grocery (up to $25K/year on grocery)
- +2x points on travel
- +Earn up to 1.25X points on rent and mortgage with no transaction fees
- +$200 Bilt Cash welcome bonus upon approval (no spending required)
- +$100 annual Bilt Travel hotel credit ($50 semiannually)
- +Transferable points to 20+ airline and hotel partners
- +4% back in Bilt Cash on all non-housing purchases
- +10% intro APR on purchases for 12 months
Cons
- -$95 annual fee plus $50 per authorized user
- -Complex earning structure for housing rewards (requires spending tiers or Bilt Cash redemption)
- -Bilt Cash expires at year-end with only $100 rollover
- -Grocery bonus category capped at $25K/year spending
- -Hotel credit requires 2-night minimum via Bilt Travel portal
- -Tax payments do not earn points
Who It's Best For
Best For
- Mid-tier Bilt members with higher spending volume
- Renters seeking enhanced Bilt perks over Blue tier
- Those who frequently dine out and travel
- Members working toward Bilt Palladium status
Not Ideal For
- Those who prefer simple cash back rewards
- Light spenders who may not qualify for Obsidian status
- Those who rarely pay rent with a credit card
- People seeking premium travel insurance benefits
The Math: Is $95 Worth It?
First-year value includes $200 welcome bonus
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$60
Annual Fee
-$95
Net Annual Value
-$35
Details & Terms
Payment Terms
| Purchase APR | 26.74%–34.74% (Variable) |
| Cash Advance APR | 31.74%–34.74% (Variable) |
| Foreign Transaction Fee | $0 |
Card Family
Bilt family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Bilt Blue | entry | $0 | |
| Bilt Palladium | premium | $495 |
Product changes available between family members without a new credit inquiry.
FAQs
Can I use Bilt to pay my mortgage?
Yes. You can now use Bilt to pay your mortgage. You can earn points on that mortgage payment by using Bilt Cash or spending a certain percentage of your housing on non-housing spend. $30 in Bilt Cash earns 1,000 points, so if your housing is $1000/month, you'll need $30 in Bilt Cash to earn 1,000 points.
Are Bilt points worth more than Chase points?
We value Bilt Rewards at 1.55 cents per point and Chase Ultimate Rewards at 1.60 cents per point, so Bilt holds up very well. Their transfer partners rival, and mabye even surpass Chase's, which are widely considered the strongest in the hobby.
What is the best way to use Bilt points?
The best way to use Bilt points is to transfer them to one of Bilt's partners and redeem for travel. High-value options include Alaska Airlines, Flying Blue, Southwest Airlines, United Airlines, and World of Hyatt, all with great sweet-spot redemptions.
Can you cash out Bilt points?
You can, but we don't recommend it. Cashing out Bilt points for a statement credit gives you only 0.55 cents per point, which is a poor rate. You can easily get triple that value, often more, by transferring to one of Bilt's travel partners.
How does Bilt 2.0 earning on rent work?
With Bilt 2.0, housing payments no longer earn points by default. You must either spend a percentage of your housing amount on non-housing purchases (25% for 0.5x, 50% for 0.75x, 75% for 1x, 100% for 1.25x on housing) or use Bilt Cash ($30 in Bilt Cash unlocks 1,000 points on $1,000 of housing).
What is Bilt Cash and how does it work?
Bilt Cash is a fixed-value currency introduced with Bilt 2.0. You earn 4% Bilt Cash on all non-housing purchases and $50 in Bilt Cash for every 25,000 points earned. Its primary use is unlocking points on housing payments, but it can also be redeemed for hotel credits, transfer bonus upgrades, Lyft credits, and dining experiences.
Can I earn Bilt points on mortgage payments?
Yes. Bilt 2.0 expanded housing payments to include mortgages. Like rent, mortgage payments are made via bank transfer and require either everyday spending or Bilt Cash to earn points on the housing amount.
Media & Resources
Video Reviews
8 videosBilt 2.0: FULL BREAKDOWN (Honest Review)
Which Bilt 2.0 Credit Card Is ACTUALLY Worth It?
Bilt 2.0: choose Blue, Obsidian, or Palladium? (+ Rewards Math and Tips)
Bilt 2.0 Cards Review: DON'T Apply Before Watching This!
Bilt 2.0 Explained: Blue vs Obsidian vs Palladium (Full Guide)
Bilt 2.0: Obsidian vs Palladium (Which Credit Card is Best?)
NEW Bilt 2.0 Cards - HUGE Update (My Initial Thoughts)
Third-Party Articles & Reviews
Bilt 2.0 rewards you most when you spend less
Frequent Miler's contrarian analysis showing how lower spenders can get outsized returns from the Bilt Cash system
Bilt Credit Card Review: Which Of The Three Cards Is Right For You?
One Mile at a Time's comprehensive comparison of Blue, Obsidian, and Palladium with scenario-based recommendations
Bilt's 3 New Credit Cards 2026: Complete Breakdown & Comparison
Detailed comparison of all three Bilt 2.0 cards with welcome bonus analysis and competitor matchups
Bilt Card 2.0 Program Overview
Official Bilt support article explaining the Card 2.0 program mechanics, Bilt Cash, and housing rewards
Bilt Obsidian Card review: Earn valuable points in popular bonus categories
TPG's detailed review of the mid-tier Bilt card covering earn rates, Bilt Cash mechanics, and how to maximize housing rewards
Why we think the new Bilt credit cards are too complex for most people
CNN Underscored's critical analysis of all three Bilt 2.0 cards focusing on complexity concerns
Bilt Obsidian Card Review 2025
Daily Drop's practical review positioning the Obsidian as a solid everyday wallet card
Bilt Obsidian Card Review 2026: Worth It For Big Grocery or Dining Spenders?
Forbes Advisor's in-depth review covering the dual earning structure, authorized user fees, and rewards potential calculations
Bilt Obsidian Card Review: Is the $95 Fee Worth It?
Kudos blog breakdown of whether the $95 annual fee justifies the dining/grocery earning and hotel credit
Bilt Obsidian Card: Fine for Foodies, Complex for Housing
NerdWallet's take on the Obsidian emphasizing the dining/grocery 3x category over the complicated housing rewards
Card Design
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| CardRatings | — | CardRatings |
| CardRatings | — | CardRatings: Welcome offer.bonus cash |
| CardRatings | — | CardRatings: Bonus categories |
| Issuer Page | Issuer Page: Multiple card facts | |
| RewardsCC API | — | RewardsCC API |
| Bilt Rewards Official | Bilt Rewards Official |
Top brands for this card
Brands where this card's earn-rate structure makes it a strong choice. Open a brand for the full ranked list.
