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.
View Offer$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.
Benefits and fees last verified May 2026against the issuer's published terms.
The middle tier of Bilt 2.0, launched February 7, 2026 with Column N.A. as issuer and Cardless as servicer, 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
Earning rates
7- 1.25x
Earn up to 1.25X Bilt Points per dollar on Bilt Housing Payments (rent, mortgage and HOA) made through the Bilt app or website, with no transaction fee. Under the Housing-only rewards option the multiplier runs 0X to 1.25X based on your Everyday Spend Ratio for that billing cycle, with a minimum floor of 250 Bilt Points per month credited to the primary cardholder (the wording in the Bilt Obsidian Card Earning Structure section of the Offer Terms; the generic rewards-option comparison table earlier in the same document words that floor as 'per Billing Cycle'); under the Flexible Bilt Cash option you unlock up to 1X by redeeming Bilt Cash. Under the Housing-only option there is no annual or monthly cap on the Bilt Points you can earn on housing payments. Bilt still lets you earn on rent where the landlord does not accept cards, by pushing an ACH or mailing a check on your behalf
- 3xdining
Earn 3X Bilt Points per dollar in your selected bonus category, dining or grocery. Dining is the default at account opening and is uncapped; grocery is capped at $25,000 in combined purchases per calendar year, after which grocery earns 1X for the rest of that year. The category you do not select earns 1X. You can switch once within 30 days of account opening, then once a year during January
- 2xlodging
Earn 2X Bilt Points per dollar on travel purchases whose Mastercard merchant code is classified as airlines, hotels, motels, resorts, cruise lines or car rental agencies. Booking through the Bilt Travel Portal adds a further +2X on hotels and +1X on flights, for 4X on hotels and 3X on flights
- 1xeverything else
Earn 1X Bilt Points per dollar on all other eligible purchases
No minimum-transaction rule: the 5-transactions-per-statement-cycle requirement from the retired Wells Fargo Bilt Mastercard does not appear anywhere in the Bilt Rewards Card Offer Terms or the Bilt Card 2.0 program documentation and does not apply to Obsidian. What varies by cycle under the Housing-only option is the housing multiplier (0X to 1.25X), set by your Everyday Spend Ratio
- 2xtransit
Lyft: link your Bilt Rewards account to Lyft and set Bilt as the active loyalty partner to earn an additional 2X Bilt Points per dollar on eligible rides, which stacks with the card's 1X everyday rate for 3X total, uncapped. Separately, Bilt members can redeem $10 of Bilt Cash per month toward Lyft rides, $120 a year. Bilt does not publish a complimentary Lyft Pink membership as an Obsidian card benefit
- 1xdining
Points Accelerator (Obsidian and Palladium only, and only while your card earning is set to the Flexible Bilt Cash option of 4% back in Bilt Cash on everyday spend, which is the gate Bilt puts on all cardholder-exclusive Bilt Cash bonuses): redeem $200 of Bilt Cash to add 1X Bilt Points per dollar on everyday spend for your next $5,000 of qualifying purchases, up to five activations a year ($25,000 of spend). While an activation is running, Obsidian earns 4X on the selected dining or grocery category, 3X on travel and 2X on everyday spend. An activation expires after $5,000 of everyday spend or at calendar year-end, and it does not stack with Rent Day double points
Statement credits
1- $100Bilt Travel Hotel CreditTwice a year
$50 semi-annual Bilt Travel portal hotel credit on stays of 2+ consecutive nights
Perks & memberships
5- Authorized users$95 annual fee, charged on the last day of the first statement cycle and then on each anniversary, plus a $50 annual fee per authorized user (Obsidian is the middle tier of the Bilt Card 2.0 lineup: Bilt Blue at $0, Bilt Obsidian at $95, Bilt Palladium at $495)
- No foreign feesNo foreign transaction fees on purchases made outside the United States (so the 3X category and 2X travel rates apply abroad without an FX surcharge)
- 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 user fee of $50 per authorized user per year on Obsidian. Each authorized user gets their own card and earns Bilt Points at Obsidian rates, and by default that spend accrues to the primary cardholder's Bilt Rewards account
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 and Extended Warranty at the World Elite tier, both named in the Bilt Obsidian Guide to Benefits (terms governed by Mastercard's benefits administrator and subject to change)
More benefits & fine print (1)ShowHide
- 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
Before you decide, weigh alternatives
Lower-fee cards in the same category. A cheaper card can be the better fit if you will not use enough perks to earn back a bigger fee.
Transfer Partners
Full guide →Bilt Rewards points transfer to these loyalty programs. Or start from your balance and see what a points balance can book:
See the Current Offer
Earn $200 Bilt Cash
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