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The Unusual Economics of the Bilt Credit Card

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Content provided by The Wall Street Journal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Rent has long been an expense people wanted to pay on credit cards. In 2022, Wells Fargo launched a credit card with Bilt Technologies that allowed users to pay for rent, avoid processing fees and earn points. But the partnership is costing Wells Fargo millions. WSJ’s AnnaMaria Andriotis reports.

Further Listening:

-The Fight Over Your Credit Card Swipe

-The Deal That Could Change Credit Cards

Further Reading:

-Wells Fargo Bet on a Flashy Rent Credit Card. It Is Costing the Bank Dearly.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1245 episodes

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The Unusual Economics of the Bilt Credit Card

The Journal.

1,464 subscribers

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Manage episode 425637290 series 3208963
Content provided by The Wall Street Journal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Rent has long been an expense people wanted to pay on credit cards. In 2022, Wells Fargo launched a credit card with Bilt Technologies that allowed users to pay for rent, avoid processing fees and earn points. But the partnership is costing Wells Fargo millions. WSJ’s AnnaMaria Andriotis reports.

Further Listening:

-The Fight Over Your Credit Card Swipe

-The Deal That Could Change Credit Cards

Further Reading:

-Wells Fargo Bet on a Flashy Rent Credit Card. It Is Costing the Bank Dearly.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1245 episodes

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