Amex Graphite Business Cash Unlimited Card vs Bilt Obsidian
Side-by-side comparison
| Amex Graphite Business Cash Unlimited Card | Bilt Obsidian | |
|---|---|---|
| Annual fee | $295 | $95 |
| Welcome offer | $1,500 cash back | $200 in Bilt Cash on account opening |
| Advertising | 2% | 1% |
| Shipping | 2% | 1% |
| Office supplies | 2% | 1% |
| Phone & internet | 2% | 1% |
| Travel | 2% | 2% |
| Everything else | 2% | 1% |
| Est. yearly rewards* | $900 | $546 |
| Points type | Cash back only | Transfers to airlines & hotels |
| Network | Amex | Mastercard |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified June 2026. See your own numbers in the calculator.
The verdict
On a typical year of business spending, the Amex Graphite Business Cash Unlimited Card earns about $900 a year in rewards and the Bilt Obsidian about $546, valuing every point at a flat 1 cent. The Amex Graphite Business Cash Unlimited Card charges $295, which you clear through its rewards and perks. The Bilt Obsidian charges $95, but carries about $300 in annual statement credits that offset it for anyone who uses them. The two are effectively tied on value, with the Amex Graphite Business Cash Unlimited Card marginally ahead, mostly because it earns more where you spend most, on everything else and advertising. The bigger difference is the ceiling: the Bilt Obsidian earns points you can move to travel partners for outsized value, while the Amex Graphite Business Cash Unlimited Card pays plain cash back. Favor the Bilt Obsidian if you will use travel transfers, the Amex Graphite Business Cash Unlimited Card if you want simplicity. On the sign-up bonus, the Amex Graphite Business Cash Unlimited Card currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Amex Graphite Business Cash Unlimited Card if your spending leans toward advertising, shipping, office supplies.