Go offline with the Player FM app!
The Unusual Economics of the Bilt Credit Card
Manage episode 425637290 series 3208963
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
1245 episodes
Manage episode 425637290 series 3208963
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
1245 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.