Bilt Obsidian vs Southwest Rapid Rewards® Premier Business
Side-by-side comparison
| Bilt Obsidian | Southwest Rapid Rewards® Premier Business | |
|---|---|---|
| Annual fee | $95 | $149 |
| Welcome offer | $200 in Bilt Cash on account opening | 60,000 points |
| Advertising | 1% | 1% |
| Shipping | 1% | 1% |
| Office supplies | 1% | 1% |
| Phone & internet | 1% | 1% |
| Travel | 2% | 3% |
| Everything else | 1% | 1% |
| Est. yearly rewards* | $546 | $588 |
| Points type | Transfers to airlines & hotels | Locked to Southwest Rapid Rewards |
| Network | Mastercard | Visa |
*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 Bilt Obsidian earns about $546 a year in rewards and the Southwest Rapid Rewards® Premier Business about $588, 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 Southwest Rapid Rewards® Premier Business charges $149, which you clear through its rewards and perks. Counting rewards, fees, and any credits, the Bilt Obsidian delivers more total value, about $162 a year more for a typical spender, mostly because it carries more in annual statement credits. The bigger difference is the ceiling: the Bilt Obsidian earns points you can move to travel partners for outsized value, while the Southwest Rapid Rewards® Premier Business stays locked to a single airline or hotel program. Favor the Bilt Obsidian if you will use travel transfers, the Southwest Rapid Rewards® Premier Business if you want simplicity. On the sign-up bonus, the Southwest Rapid Rewards® Premier Business currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Southwest Rapid Rewards® Premier Business if your spending leans toward travel.