Bilt Obsidian vs IHG One Rewards Traveler Credit Card
Side-by-side comparison
| Bilt Obsidian | IHG One Rewards Traveler Credit Card | |
|---|---|---|
| Annual fee | $95 | No annual fee |
| Welcome offer | $200 in Bilt Cash on account opening | 125,000 points |
| Dining | 3x | 3x |
| Groceries | 3x | 1x |
| Gas | 1x | 3x |
| Travel | 2x | 3x |
| Streaming | 1x | 1x |
| Everything else | 1x | 1x |
| Est. yearly rewards* | $490 | $431 |
| Points type | Transfers to airlines & hotels | Locked to IHG One Rewards |
| 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 IHG One Rewards Traveler Credit Card about $431, 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 IHG One Rewards Traveler Credit Card has no annual fee, so its rewards are all profit. Counting rewards, fees, and any credits, the Bilt Obsidian delivers more total value, about $114 a year more for a typical spender, mostly because it earns more where you spend most, on groceries. The bigger difference is the ceiling: the Bilt Obsidian earns points you can move to travel partners for outsized value, while the IHG One Rewards Traveler Credit Card stays locked to a single airline or hotel program. Favor the Bilt Obsidian if you will use travel transfers, the IHG One Rewards Traveler Credit Card if you want simplicity. On the sign-up bonus, the IHG One Rewards Traveler Credit 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 Bilt Obsidian if your spending leans toward groceries. Pick the IHG One Rewards Traveler Credit Card if your spending leans toward gas, travel.