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Side-by-side

Bilt Obsidian vs Capital One Venture Rewards

Both are travel travel cards. The Bilt Obsidian comes from Bilt / Cardless at $95/yr; the Capital One Venture Rewards from Capital One at $95/yr. Below: side-by-side specs, an opinionated verdict, and the FAQs people actually ask before applying.

Bottom line

For most people the Capital One Venture Rewards is the stronger pick today, the sign-up bonus is meaningfully larger ($1,038 more in estimated value) than the Bilt Obsidian's. Get the Capital One Venture Rewards first; revisit the Bilt Obsidian after you've earned that bonus.

FeatureBilt ObsidianCapital One Venture Rewards
Annual fee$95$95
Sign-up bonus$200 Bilt Cash75,000 miles
Bonus value (est.)$200$1,238
Min spend to unlock bonus$0 in 0 mo$4,000 in 3 mo
IssuerBilt / CardlessCapital One
Card categorytraveltravel
Best earning category (Dining_or_groceries)3x1x
Transfer partnersbiltcapital-one
Headline benefits
  • $100 Bilt Travel hotel credit
  • Pick 3x dining OR groceries
  • $300 Bilt Dining partner credit
  • $120 Lyft credit (via Bilt Cash)
  • 2x on everything
  • 18 transfer partners
  • $120 TSA credit
  • No foreign tx fees
Read the full review
Bilt Obsidian
$95/yr · $200 Bilt Cash
Read the full review
Capital One Venture Rewards
$95/yr · 75,000 miles

Editorial take: Bilt Obsidian

The headline tier of Bilt 2.0, launched February 7, 2026 by Cardless after the Wells Fargo era ended. Strongest for renters who eat out (or buy groceries) and use Lyft. The $100 hotel credit pays back most of the AF if you stay 2+ nights anywhere on the Bilt Travel portal. Pair with the no-fee Blue if you want a no-AF anchor too.

Editorial take: Capital One Venture Rewards

The simplest travel card in the game. Flat 2x on everything plus transfer partners means you don't have to think, just swipe. Great for people who don't want to chase bonus categories.

Common questions

Which card has the bigger sign-up bonus, Bilt Obsidian or Capital One Venture Rewards?
The Capital One Venture Rewards has the bigger bonus, 75,000 miles, worth roughly $1,238, versus $200 Bilt Cash (~$200) on the Bilt Obsidian.
Is the Bilt Obsidian's $95 annual fee worth it compared to the Capital One Venture Rewards?
At $95/yr, the Bilt Obsidian is in the mid-fee tier. Compare its specific perks (lounge access, travel credits, primary rental insurance) to the Capital One Venture Rewards's, pick the one whose perks you'll actually use.
Can I have both the Bilt Obsidian and Capital One Venture Rewards?
Yes, since they're from different issuers (Bilt / Cardless and Capital One) the application rules don't conflict. Many points enthusiasts hold both, they pair well when one earns flexible bank points and the other earns a different currency.
Should I get the Bilt Obsidian or the Capital One Venture Rewards first?
Get the one whose sign-up bonus you can hit comfortably without overspending. Bilt Obsidian: $0 spend in 0 months. Capital One Venture Rewards: $4,000 in 3 months. Pick the easier minimum spend if you're new to points; pick the larger bonus if you have planned big purchases coming up.

Card details on this page reflect the most recent data we've verified against the issuer's own site. Sign-up bonuses and fees can change at any time, confirm the current offer on the issuer's page before applying.