Bilt Obsidian vs Capital One Venture
Side-by-side comparison
| Bilt Obsidian | Capital One Venture | |
|---|---|---|
| Annual fee | $95 | $95 |
| Welcome offer | $200 Bilt Cash + 50,000 points | 75,000 Miles |
| Dining | 3x | 2x |
| Groceries | 3x | 2x |
| Gas | 1x | 2x |
| Travel | 2x | 2x |
| Streaming | 1x | 2x |
| Everything else | 1x | 2x |
| Est. yearly rewards* | $490 | $583 |
| Points type | Transfers to airlines & hotels | Transfers to airlines & hotels |
| Network | Mastercard | Visa |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified July 2026. See your own numbers in the calculator.
Welcome bonus and value over time
| Over time | Bilt Obsidian | Capital One Venture |
|---|---|---|
| Welcome bonus | $200 Bilt Cash + 50,000 points | 75,000 Miles |
| To earn it | $4,000 in 3 months | $4,000 in 3 months |
| Est. first-year value* | $1,395 | $1,338 |
| Est. ongoing value / yr* | $695 | $588 |
The Bilt Obsidian wins on both fronts: it comes out ahead in year one on the welcome offer and stays ahead every year after. Short term or long, it is the stronger pick on the numbers.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent.
Perks, credits, and redemptions
| Perks | Bilt Obsidian | Capital One Venture |
|---|---|---|
| Lounge access | None | None |
| Annual credits | ~$300/yr (2 credits) | ~$100/yr (1 credits) |
| Points & redemptions | Transferable to airline & hotel partners | Transferable to airline & hotel partners |
On perks and redemptions, the Bilt Obsidian carries the heavier credit stack (about $300 a year). Weigh those against the fee, since credits and lounge access only count if you will actually use them.
Transfer partners and point value
The Bilt Obsidian earns Bilt Rewards, which transfers to Alaska / Atmos, Air Canada, World of Hyatt, American Airlines, and Turkish. The Capital One Venture earns Capital One miles, reaching Air Canada, Avianca LifeMiles, Turkish, British Airways, and Emirates. Most transfers are 1:1 on both, so the partners themselves, not the ratios, are what separate them.
The standout difference is the crown-jewel partner: for the Bilt Obsidian it is Alaska and Hyatt, a rare pairing that covers both a top airline and a top hotel program; for the Capital One Venture it is Turkish and Avianca for cheap Star Alliance premium cabins. Pick the program whose best partners match the trips you would actually book.
The verdict
On a typical year of household spending, the Bilt Obsidian earns about $490 a year in rewards and the Capital One Venture about $583, valuing every point at a flat 1 cent. The Bilt Obsidian charges $95, but carries about $300 in annual statement credits that offset it for anyone who uses them. The Capital One Venture charges $95, but carries about $100 in annual statement credits that offset it for anyone who uses them. The two are close on value, but the Bilt Obsidian edges ahead by about $6 a year, mostly because it earns more where you spend most, on groceries and dining. Both earn transferable points rather than flat cash, so the deciding factor is whose transfer partners reach the airlines and hotels you would actually book. On the sign-up bonus, the two are currently comparable in size. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Bilt Obsidian if your spending leans toward dining, groceries. Pick the Capital One Venture if your spending leans toward gas, streaming, everything else.