Wells Fargo (WFC) Mulls to Discontinue Rent Credit Card
Wells Fargo(WFC) ZACKS·2024-06-20 23:41
Wells Fargo & Company (WFC) is losing up to $10 million every month as a result of its co-branded credit card partnership with fintech firm Bilt Technologies, according to a WSJ article. After misestimating key revenue generators, the bank is renegotiating the agreement with Bilt Technologies.Launched in 2022, Well Fargo’s co-branded credit card came with an attractive feature. Cardholders can use it to pay rent without having to pay landlord fees while also earning rewards points that can be spent on trave ...