Bilt Obsidian
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Affiliate link, we may earn a commission. Terms, rates, and sign-up bonuses are set by the issuer and can change. See the issuer site and our advertiser disclosure.
$200 in Bilt Cash upon approval, no minimum spend required. Up to $100 of Bilt Cash earned rolls over to the next year. Verified via Frequent Miler and One Mile at a Time as the public welcome offer for the Bilt Obsidian Card.
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.
Earning Rates
At a glance
- $100 Bilt Travel hotel credit
- Pick 3x dining OR groceries
- $300 Bilt Dining partner credit
- $120 Lyft credit (via Bilt Cash)
Earning rates
4- 1.5x
Earn 1.5X Bilt Points per dollar on rent payments with no transaction fee for paying rent by card, up to a $100,000 annual rent-payment cap (above the cap, rent earns at the base rate); Bilt is the only major U.S. card program that lets you earn rewards on rent without the landlord accepting cards, by issuing an ACH or paper check on your behalf
- 4xdining
Earn 4X Bilt Points per dollar at restaurants worldwide (dine-in, takeout, and delivery via eligible merchant codes)
- 3xlodging
Earn 3X Bilt Points per dollar on travel (including airfare, hotels, car rentals, cruises, and travel booked through the Bilt Travel portal)
- 2xeverything else
Earn 2X Bilt Points per dollar on all other eligible purchases (a meaningful upgrade from the 1X base on the no-fee Bilt Mastercard)
Statement credits
4- $100Bilt Travel Hotel CreditTwice a year
$50 semi-annual Bilt Travel portal hotel credit on stays of 2+ consecutive nights
- $300Bilt Dining Partner CreditMonthly
Up to $25/visit/month at Bilt Dining partner restaurants (redeemed via Bilt Cash, $300 annual cap)
- $120Lyft CreditMonthly
$10/month Lyft credit redeemed via Bilt Cash
- $200Up to $200 annual dining statement credit on eligible restaurant purchases (delivered as statement credits against qualifying dining charges; functions as a partial offset to the $95 annual fee on the first ~$95 of dining spend each year, with the remainder providing net positive value)
Perks & memberships
6- MembershipComplimentary Lyft Pink Lite membership for as long as you remain an Obsidian cardholder (enrollment required through the Bilt app), providing member pricing on Lyft rides, priority pickup at airports, and relaxed cancellation; Lyft Pink Lite retails at $9.99/month, so this benefit can offset more than the annual fee on its own for active Lyft riders
- MembershipComplimentary Hyatt FIND membership: World of Hyatt's invite-only / paid lifestyle tier offering preferred rates and recognition at Hyatt and Mr & Mrs Smith independent and lifestyle properties (Hyatt FIND is otherwise sold as a paid subscription; Obsidian cardholders receive it as a complimentary cardholder benefit)
- No foreign feesNo foreign transaction fees on purchases made outside the United States (a meaningful upgrade for international dining and travel earn at 4X / 3X)
- MembershipWorld Elite Mastercard network benefits: ShopRunner free 2-day shipping, Lyft credits for Mastercard riders, Fandango promotions, DoorDash DashPass trial, Mastercard Travel & Lifestyle Services concierge, and Mastercard Priceless Experiences
- Card networkMastercard Travel Services: trip-cancellation/interruption coordination, lost-luggage assistance, and emergency travel services via the World Elite benefit suite
- Authorized usersAuthorized users: available at no additional annual fee (per Bilt's current published cardholder agreement family standard)
Travel & purchase protections
2- Cell Phone Protection through Mastercard: when the primary monthly cell phone bill is charged to the Obsidian card, eligible cardholders receive coverage for damage or theft of the phone, up to a per-claim and per-12-month maximum set by Mastercard's World Elite benefit (deductible applies)
- Mastercard Purchase Assurance / extended warranty / price protection benefits at the World Elite tier (terms governed by Mastercard's benefits administrator and subject to change)
More benefits & fine print (2)ShowHide
- Bilt must be used a minimum of 5 transactions per statement cycle in order to earn points on any spend that statement cycle (a long-standing Bilt program rule that carries over to Obsidian; rent counts as 1 of the 5 transactions)
- Eligible for Bilt Neighborhood: the in-app discounts and points-multiplier events at local restaurants and merchants in major U.S. metros (NYC, Austin, Miami, LA, etc.) that are participating in the Bilt Neighborhood program
Transfer Partners
Full guide →Bilt Rewards points transfer to these loyalty programs:
See the Current Offer
Earn $200 Bilt Cash
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