Bilt · Flexible points · Mastercard

Bilt Obsidian: what it's really worth

The Bilt Obsidian has a $95 annual fee. For a typical household spending $2,070 a month, it's worth about $678 in year one and $478 each year after.

Annual fee$95

Sign-up bonus$200$200 Bilt Cash on approval

Net value · year 1$678

Net value · each year after$478

The bonus is Bilt Cash, which you spend through Bilt (for example to unlock points on rent) rather than withdraw as cash.

Calculate it with your own spending

Is the annual fee worth it?

Probably not worth the fee after year one for typical spending: the no-fee Hilton Honors Card would net about $28 a year more. It can still make sense if you spend more in its bonus categories or use more of its credits.

How you earn

Category	Rate	Value per $1	Per year*
Dining	3x	4.5¢	$162
Groceries	1x	1.5¢	$90
Hotels	2x	3.0¢	$29
Flights	2x	3.0¢	$36
Gas	1x	1.5¢	$27
Streaming	1x	1.5¢	$7
Everything else	1x	1.5¢	$162

*At typical monthly spending: dining $300, groceries $500, hotels $80, flights $100, gas $150, streaming $40, everything else $900. 3x on dining or groceries — you pick one for the year (groceries capped at $25K/yr; dining counted here); 2x on travel. Points on rent and mortgage payments come through Bilt Cash and aren't counted here.

Credits and perks

$100 Bilt Travel hotel credit — $50 twice a year on 2+ night stays booked through Bilt Travel. We count about $60 a year, since most people don't use every dollar.
Foreign transaction fee: none

Who it's for

Renters and homeowners who want points on housing payments
Diners who want 3x on restaurants for $95
Not ideal: Anyone who wants simple rewards — rent rewards run through Bilt Cash rules

Can I get it?

Recommended credit: Good
Bilt rules: Issued by Column N.A. and serviced by Cardless. Bilt Cash and rewards on rent and mortgage payments have their own rules — read them on bilt.com.
Mastercard: Accepted almost everywhere — but not at Costco warehouses (Visa only).

Check the current offer at Bilt

Updated Nov 4, 2026.