Podknife - The Unusual Economics of the Bilt Credit Card by The Journal.

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The Unusual Economics of the Bilt Credit Card

Podcast |: The Journal.
Publisher |: Gimlet,; The Wall Street Journal
Media Type |: audio
Podknife tags |: Business,; Business News,; News & Politics
Categories Via RSS |: Business News,; Daily News,; News
Publication Date |: Jun 25, 2024
Episode Duration |: 00:21:23

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

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