Bilt Obsidian Card

First Electronic Bank

$95

Annual Fee

mastercardGood → ExcellentNo Foreign Transaction Feetransferable3 months ago

Welcome Offer

75,000 pts(≈ $1275)Spend $5,000 within 3 months

View Bilt Referral Offers

The Bilt invite page currently lists Blue, Obsidian, and Palladium. Confirm current offers and eligibility on Bilt. The referrer may receive a reward if you are approved; this does not influence OpenCard's evaluation.

Full referral terms

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OpenCard editorial analysis

Our take

A specialized Bilt ecosystem card whose appeal depends on how much value you place on Bilt points and whether the selectable earning structure matches your spending. The annual fee raises the standard above a basic rent-rewards product: portal credits and Bilt-specific value should be usable without forcing extra travel or purchases.

Best for

✓ Bilt members who already use the program and its transfer partners
✓ People whose spending aligns with the chosen bonus category
✓ Travelers able to use the hotel benefit under its booking conditions

Not ideal for

— People new to Bilt who only want a simple rent-payment card
— Cardholders who prefer unrestricted cash back
— Anyone unlikely to use Bilt-specific credits before they expire

Conservative break-even test

Value Bilt Cash and hotel benefits based on the purchases they replace, then compare category and base earning with a no-fee alternative. Do not assign a high point value unless you have repeatable redemptions through partners you actually use.

First year vs. ongoing year worksheet

Annual fee hurdle

$95

Issuer-data bonus estimate

$1,275

First-year net before credits

$1,180

For year two, remove the one-time welcome offer entirely. To recover a $95 fee from rewards alone, this card must produce that much more value than your best no-fee alternative. At a 1% incremental return, that would require about $9,500 in eligible annual spend before counting credits you would genuinely buy anyway.

Data reviewed 2026-05-11. Estimate is not cash and depends on redemption. Confirm current issuer terms through the cited sources below.