Bilt Obsidian vs Chase Freedom Flex℠
Side-by-side comparison
| Bilt Obsidian | Chase Freedom Flex℠ | |
|---|---|---|
| Annual fee | $95 | No annual fee |
| Welcome offer | $200 in Bilt Cash on account opening | $200 cash bonus |
| Dining | 3x | 3x |
| Groceries | 3x | 1x |
| Gas | 1x | 1x |
| Travel | 2x | 1x |
| Streaming | 1x | 1x |
| Everything else | 1x | 1x |
| Est. yearly rewards* | $490 | $361 |
| Points type | Transfers to airlines & hotels | Pools with Chase → transferable |
| Network | Mastercard | 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 household spending, the Bilt Obsidian earns about $490 a year in rewards and the Chase Freedom Flex℠ about $361, 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 Chase Freedom Flex℠ has no annual fee, so its rewards are all profit. Counting rewards, fees, and any credits, the Bilt Obsidian delivers more total value, about $183 a year more for a typical spender, mostly because it earns more where you spend most, on groceries and travel. 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 groceries, travel.