This NEW Credit Card NEWS Is BIG TROUBLE For Wells Fargo

This new credit card news is big trouble for Wells Fargo.
In a recent news article by Wall Street Journal, It stated Wells Fargo has been losing a reported $10 million per month due to their co-branded credit card with Bilt.
The article suggests their may be big trouble brewing between Wells Fargo and Bilt regarding the Bilt credit card.
I decided to dive further into an article recently posted on Pymnts regarding this new credit card news.
In this video, I go over the article, as well as give my opinion on the relationship between Bilt and Wells Fargo.
There are certain things to be expected when there’s a relationship with co-branded credit card partners and I discuss those things in this video.
Feel free to believe your opinion regarding this new credit card news below.
What are your thoughts on the current and future between Wells Fargo and Bilt?
#creditcard #creditcards #creditcardnews #creditcardadvice
Article referenced in the video: www.pymnts.com/credit-cards/2...
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[@Sonia-cs2vw]

Love a BROTHER that doesn't talk about NONSENSE!!!

[@JoshuaMaxwell-vb7ex]

Yep I Learn alot from him when I'm not doing my own research

[@WaterYourSoil]

I appreciate it, Sonia. Thanks for watching.

[@SledgeIncTeam]

Business is Business. I do have the Built card but I only have it for the transfer partners. I don't rent so I earn Built points slowly. I can see 2029 being the last year that Wells distributes the Built card.
Like you said, this happens. Don't forget Goldman Sachs also is getting rid of the Apple Card. Partnerships don't always workout

[@WaterYourSoil]

Good points made, Sledge. Thanks for watching.

[@JuanGarcia-hr1wf]

Great video Nell. At the end of the day WF will not lose money in the long run. I can see as part of renegotiation with BILT change program terms, I.e. establish minimum amount spend as a qualifier to 5 transactions per month, minimum spend on rent as qualifier for rent day promo, etc.

[@WaterYourSoil]

Yeah, that's possible, Juan. Thanks for watching.

[@floridaproductions]

As long as you follow the rules you’re good. Caught you live brother the other day on YT. Have a fantastic day !

[@WaterYourSoil]

Thanks for watching.

[@bettyblue391]

It is going to be very interesting to see how these partnerships go for the next couple of years

[@WaterYourSoil]

I'll be watching as well. Thanks for watching, Betty.

[@bluekai85]

Too good to be free. Either lose value of the points or reduce benefits in the future if they insist no annual fee.

[@WaterYourSoil]

Thanks for watching, Kai.

[@CesarJoel]

Interesting article and information Nell. The Bilt Card is a great product, hope it continues that way. Keep up the great work Nell!🫵

[@WaterYourSoil]

I appreciate it, Cesar. Thanks for watching.

[@jimmyjames6492]

Great information! Thanks for the info + video!

[@WaterYourSoil]

Thanks for watching, Jimmy.

[@KevinJohnsonX]

Is that actual/bottom line 10M loss or a shortfall on projections which is a paper loss.

[@WaterYourSoil]

I'm not sure. The article stated that number came from current and former employees. Thanks for watching, Kevin.

[@WaterYourSoil]

Thank you to everyone who watched this video. Be sure to "LIKE" the video and also, my 'E-Book 'Strategies to Master Credit' is available here: mastercreditbook.com/product/personal-debt-management

[@katbax55]

Good One. Luv Bilt, they making $$ off me fo' sho'😅

[@WaterYourSoil]

Thanks for watching, Kat.

[@artimasartimas4515]

Great video.

[@WaterYourSoil]

Thanks for watching.

[@KeyKEYadventures]

Reason why you should get cards while they are available!
Interesting about the “former employees”

[@WaterYourSoil]

Indeed. Thanks for watching, Key.