Great Card If
- You want a travel rewards card that rewards you for dining or grocery purchases while also allowing you to earn rewards on your rent and mortgage payments.
- You want access to Bilt Rewards’ valuable suite of airline and hotel transfer partners.
Don’t Get If
- You want a card that awards you with bonus points for everyday purchases — not just those in specific categories.
- You prefer a card with no annual fee.
Bilt Obsidian Card — Is It Worth It?
After transitioning away from Wells Fargo, the brand-new Bilt Obsidian Card (rates & fees) serves as the midtier option in the new range of Bilt credit cards, which also includes the Bilt Blue Card (rates & fees) and the Bilt Palladium Card (rates & fees).
With the introduction of the new Bilt credit cards also comes a shakeup to the Bilt Rewards program, which has implications for how the Bilt Obsidian Card earns rewards.
As of February 7, 2026, Bilt Cash becomes an additional currency within the Bilt Rewards ecosystem. Bilt Cash is a flexible currency that can unlock enhanced transfer bonuses, expanded travel and lifestyle redemptions, and, perhaps most importantly, the ability to earn the full 1x points on rent.
The Bilt Obsidian Card earns 4% Bilt Cash on everyday purchases.
Every $30 in Bilt Cash unlocks the ability to earn 1,000 points on housing expenses. In other words, if you have a $2,000 mortgage or rent payment, you’ll need to redeem $60 in Bilt Cash to unlock your 2,000 Bilt Points (at the 1x rate). With a 4% Bilt Cash rate on all purchases, you’ll need to spend $1,500 on your card each month (outside of your rent or mortgage payment) to earn this much Bilt Cash.
If you don’t have enough Bilt Cash (because you haven’t spent enough on nonhousing purchases), you can choose to pay a 3% transaction fee (rates & fees) to earn the full points, or skip the fee and earn fewer points.
The Bilt Obsidian Card charges a $95 annual fee (rates & fees). In addition to earning 4% back in Bilt Cash on everyday purchases, the card also offers an appealing points-earning structure, especially if you dine out frequently or spend a significant amount on groceries each month. Here’s what it looks like:
- Unlimited 1x points on rent and mortgage payments
- 1x points on everyday purchases
- 3x points on your choice of dining or grocery purchases, up to $25,000 per year. You can change categories from year to year.
- 2x points on travel purchases
- All purchases aside from rent or mortgage payments also earn 4% back in Bilt Cash
Bilt Obsidian Card Top Benefits and Perks
The Bilt Obsidian Card builds on the foundation set by the Bilt Blue Card and offers some additional perks, including:
- $100 annual Bilt Travel hotel credit: Receive up to a $50 credit semiannually when you book a minimum of a 2-night hotel stay through Bilt Travel, for a total of up to $100 in credits each year.
- World Elite Mastercard benefits: These include cellular wireless telephone protection, purchase assurance, MasterRental coverage, trip cancellation and interruption protection, and trip delay reimbursement
- No foreign transaction fees (rates & fees): Use your card during international travels to continue earning rewards with no fees.
Of course, you’ll also have access to the full list of Bilt Rewards transfer partners, which continues to improve all the time.
Best Ways To Earn and Redeem Bilt Points
Using your card for all of your daily purchases is the best way to rack up both types of rewards that Bilt offers, Bilt Points and Bilt Cash. The Bilt Obsidian Card earns unlimited 1x points on rent and mortgage payments, 3x points and 4% Bilt Cash on dining or groceries (up to $25,000 per year), 2x points and 4% Bilt Cash on travel purchases, and 1x points and 4% Bilt Cash on everyday purchases.
However, remember that in order to earn your full rewards on your rent and mortgage expenses, you’ll need to redeem $3 of Bilt Cash for every 100 points on housing payments you want to unlock.
Outside of your card spend, you can also earn bonus points through the Bilt Dining program, Lyft rides, fitness classes, Walgreens purchases, and more. Cardholders also earn double rewards on the first day of every month (Rent Day) on all eligible purchases except rent, up to 1,000 bonus points.
Once you’re ready to redeem your rewards, you can use your Bilt Cash to unlock rewards for rent and mortgage payments, Bilt Travel purchases, neighborhood spending, and more. As for your Bilt Points, Bilt offers an impressive collection of transfer partners, including Air Canada Aeroplan, Alaska Airlines Atmos Rewards, Japan Airlines Mileage Bank, and World of Hyatt, many of which can be transferred at a 1:1 ratio.
Alternative Cards to the Bilt Obsidian Card
For anyone who wants to earn rewards on their rent and mortgage in addition to bonus earnings on everyday purchases, the Bilt Palladium Card may be the best option.
It does charge an annual fee of $495 (rates & fees), but the card earns unlimited 1x points on rent and mortgage payments, along with 2x points and 4% Bilt Cash on all other transactions. Plus, it comes with meaningful travel benefits, up to $200 in Bilt Cash annually, and a generous welcome bonus offer: $0-annual-fee card (rates & fees), you don’t receive many perks, but it does come with cellular wireless telephone protection, travel protections, and no foreign transaction fees (rates & fees).
