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The Unusual Economics of the Bilt Credit Card

The Unusual Economics of the Bilt Credit Card

FromThe Journal.


The Unusual Economics of the Bilt Credit Card

FromThe Journal.

ratings:
Length:
21 minutes
Released:
Jun 25, 2024
Format:
Podcast episode

Description

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. 

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Released:
Jun 25, 2024
Format:
Podcast episode

Titles in the series (100)

The most important stories, explained through the lens of business. A podcast about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson. The Journal is a co-production from Gimlet Media and The Wall Street Journal.