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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The Unusual Economics of the Bilt Credit Card | The Journal. podcast - Listen or read transcript on Metacast
