This work assesses the effect of heat treatment on the oxidation resistance of blended-powder CrC-NiCr coatings produced by HVOF spraying. The as-sprayed coating phases oxidized independently with NiCr rapidly forming nickel oxide, which was subsequently consumed by a solid-state reaction with Cr2O3. The NiO formed two distinct morphologies: large bulbous oxides on thin regions of exposed alloy and thin, flat oxide layers on large alloy regions. Heat treatment led to sintering of the splats and diffusion of Cr from the carbide phase into the NiCr alloy, increasing Cr to the point where Cr2O3 dominated the oxide composition from the earliest exposure time. The implications of the change in oxidation mechanism and oxide morphology are discussed.