The Unusual Economics of the Bilt Credit Card

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