The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
Over the years, I have learnt not to trust corporations. I was badly hit by the '08 financial crisis. Since 2020, I've just been focused on investing through a financial advisor and it has been paying off. No major loss has ever been recorded since 2020 I started and I have been able to generate over 356k in net profit across high dividend yield stocks, ETF and bonds. I'm never going back to banks full time.
My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply
Its not just important, its so important that it gets paid every month. The banks think us tenants are fiscally irresponsible when in fact we're probably more responsible than the typical consumer because we know rent is due, in full, every month. And WF expecitng us to carry the rent balance is insanity.
Question, what's so special about it minus paying rent with it? My rent is 2.4k, how many points would I get worth? Any fees per year? I have them auto withdraw from my account and I pay zero fees.
@@djm21892.4k rent is $24 rewards every month. And you get 3x on dining with transfer partners to Hyatt where you easily get 2 cents per point so dining is like 5-7x.
@@djm2189 I have a BILT card. I think you get double the points, however the points are very limited in what you can spend. And in my opinion alot of the services that are offered are quite useless. Specially since I can't transfer them out of the account to another account.
@@djm21892.4k rent = $24 in bilt points back. No fees, they have methods to not deal with any fees pretty much regardless of how your rent is typically collected. Only catch is you need to make 5 transactions per month with the card, can’t literally be just rent by that is trivial for most to achieve
The claim in the video at 3:19 is wrong. Wells Fargo is not "eating" credit card transaction fees on rent payments. They use a separate bank routing number to process your transaction like a normal checking account (with no fees) and display it as having happened on your card. Wells Fargo is only paying Bilt for the cost of the rewards program (when users redeem points).
Their phrasing is not great, but Wells does bare the cost of the rewards on rent transactions without the typical revenue from interchange. As such, they are "eating" these transactions to an extent.
@@ChineseWinnieI have the card. That is how it works. They basically create a virtual bank account that you use to pay your landlord. It then shows up on your credit card. Wells Fargo covers whatever it costs to manage those fake accounts (they certainly have experience with that) and pays Bilt for the points. It’s not technically a credit card transaction, so there is no transaction fee from MC.
The disastrous decision to repeal the Glass-Steagall Act in the late 1990s led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent a future catastrophe, Dodd-Frank and this Act both need to be revived right away. What happened with SVB is just the start of what will happen if nothing is done to address the current problem.
I think SVB was attempting to restructure their bond holdings. Yes, they would lose money if they sold their low-yield bonds. However, they were attempting to make up for it by repurchasing bonds on the open market at the higher interest rate.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
Jessica Lee Horst is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Jessica on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
The banking situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than $600k within just a year, and I've entrusted my advisor with the task of determining entry and exit points.
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with *Izella Annette Anderson* for years and highly recommend her. See if she meets your criteria.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I like the idea of co-branded cards because you get exactly the benefit you want. 5% on gas is no good if you don't have a car, but 5% on Amazon if you make tons of Amazon purchases is much more compelling.
5:47 it's absolutely insane that customer data is considered an "income stream" when it is simply a breach of privacy. I'll never understand how Americans have let this issue go unchecked. My data should be private and not something to sell for profit.
So basically Wells Fargo will withdraw there interest from BILT. BILT will then fail or sell off because it has no real revenue generating potential. Ultimately American Express will rise too the top. It has a sense of premium, good rewards & and outstanding international presence and reputation.
Amex has higher transaction fees than MC/Visa, they're not rising above anything because they've established which market they prefer to be in. MC/Visa are for original consumers and Amex is for those who want more premium benefits. Wells made the error of thinking Fintech will make money from doing nothing special.
This documentary doesn’t explain much. They operational fee, but then just leave it at that. Could have gone over how costumers use these cards or what specifics agreement are costing them most. All these cards not working for the partners is nothing new.
Agreed. They don't talk about the % transactions make for VISA for example, and the additional % the bank makes. If a merchant fee is 3%, VISA is making 2% with the bank 1%. They also talk a lot about risk but don't mention how banks make decent money off APY% from carried CC balances...
5:47 so it’s normal in the US for banks to sell their customer’s data? The EU doesn’t sound so bad now huh. Can’t do that here. It’s ridiculous anyway, you are already paying them to use their card or account but they still sell your data for even more profit. Wow.
That's part of how they're able to fund the more generous benefits compared to equivalent cards outside the US, along with America's higher 2~4% card transaction fees.
The customer acquisition costs are low to have access to clients who will hopefully go on to get mortgages and do investing with their bank. Co-branded cards will stay for a long time. Delta cards account for 1% of US GDP.
Bilt was fundamentally a terrible idea for the bank because anyone that has been paying rent can just use that card exclusively for rent and have it set to auto pay. Once that is set up, shred the card and you just get free money.
Not necessarily since you need to make a minimum of 5 transactions per month to earn any points. If you only pay rent and nothing else then you get no rewards. You would need 4 more transactions other than rent to earn rewards.
@@Gummb0 fair enough. Places with all inclusive amenities would be out. I was thinking about rent, utilities, tv, and internet being automated payments.
"Oh oh the wells Fargo wagon is a'comin' down the street oh please let it be for me"..oh oh the wells Fargo wagon is a'comin' down the street i wish i wish i knew what it could bring.." "i got a box of maple sugar on my birthday".."and i got me a grey makinaw.." "and i got me some grapefruit from tampa:..Montgomery ward sent me a bathtub and a crosscut saw"..oh oh the wells Fargo wagon is a'comin"down the street oh please let it be for me"..hahaha..i still know the words after 50yrs..well done me..
Wells Fargo could easily afford the costs associated with offering the Built program if they just learned how not to screw up their basic banking business and not pay out hundreds of millions in fines to regulators and other legal expenses.
in my country there's a local payment network system established by the Central Bank (the default and mandatory for all merchants beside cash of course) they take 0.8% per transaction with a cap of $10 also VISA, Mastercard and Amex networks exists. my question is in the U.S if I'm not mistaken there are only 3 payment networks (VISA, Mastercard and Amex) isn't that risky to have all your eggs in corporate basket? what happens if those companies decided to increase fees, face technical issues or simply they don't want to do business any longer, shouldn't be their a local government-backed payment system?.
In my experience these co-branded credit cards always seem to have the highest interest rates compared to regular credit cards. Why do they tend to be higher?
they have a lower barrier to entry given there's a metaphorical tug of war between companies wanting to get as many people to get the cards so they can buy their stuff and banks being conservative enough to make the companies happy while not losing out on money.
My airline cobrand card gives me ~10% redemption value if used for upgrades, now I assume these are actually good deal for us if banks are losing money on it
@@noebazan1999The rent feature is limited to U.S. properties. But yes, it's a MasterCard accepted anywhere MasterCard is accepted and no foreign transaction fees.
Cobranded credit card never made much sense to me. The only people who makes money is those who create the cards. The guy who created Bilt founder was just flexing his multi million luxury vacation with his model GF
Yeah, I just use my one credit card, chase Sapphire preferred. I'm 29, earn $120k, no debt and they gave me a credit line of 32k. I don't want another one but many say you need at least 2. In either case I never carry a balance and have 2.5k worth of points.
they make perfect sense. they make a loyal fanbase continue to stay and spend more money with the store. the rewards aso incentivize new customers to come in and spend money.
There is no impact to your credit score. When the partnership ends between a bank and a retail business, one of two things happen; Either the bank will convert your credit card to one of their other credit cards. Or the other thing that happens is your credit card will be issued with a new bank's name and logo on it. It all depends on whether the bank keeps the credit card portfolio or if the retail business keeps the credit card portfolio. Walmart left the credit card portfolio with Capital One bank after their partnership ended so Capital One converted all the Walmart Credit Cards into one of the other Capital One credit cards, their Quick Silver Card. Apple is trying to find a new bank to move the credit card portfilo to.
Debt collections are hitting hard! I’ve personally struggled with financial stability and now have $220k in savings just sitting there. I’m clueless on where to invest it. Anyone have advice?
I'd suggest looking into a mix of index funds and high-yield savings accounts for stability and growth. But the best move is to work with a financial coach
For Bilt, it’s because the customers are too savvy to be paying interest to Wells Fargo. For Apple, it’s because they forced Goldman Sachs to approve people with bad credit scores that would run up the credit limit and default.
They've been partnering with all the luxury buildings throughout major cities in Chicago, LA, Houston, and NYC. Our buildings are autoenrolled in Bilt, at minimum you're forced to get an account to pay your rent electronically. My building disabled paying through portals like Rent Cafe.
@@TheCosmonaut You don't have to sign up for the card but we are forced to sign up with Bilt's portal to pay our rent and of course they ask you over and over to sign up for a card. It's part of brochure packets at luxury residential buildings now. That's how they're getting so many users with high net worths. Basically the buildings are getting something in exchange for sign-ups, i'd assume or else they wouldn't go through the trouble of disabling a more trusted rent payment portal like RentCafe/Yardi.
Kamala knows! "We invested an additional $12 billion into community banks, because we know community banks are in the community, and understand the needs and desires of that community as well as the talent and capacity of community."
The speaker in the video speaks in such a way that although it feels like what she is saying has value but isn't the case. On a side note, looks like she is taking zoloft.
Yet crypto is still stuck with largely criminals, pessimists, and speculators. Businesses instead find card fees equal enough to the labor and security costs of handling physical cash, plus the accuracy and speed of _confirmed_ digital payments with dispute resolution avenues that blockchains are much too slow and scam-prone in comparison.
It isn’t easy for students to get a credit card anymore. Here’s what to know: on.wsj.com/3AqURvC
Actually it isn’t
The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
Over the years, I have learnt not to trust corporations. I was badly hit by the '08 financial crisis. Since 2020, I've just been focused on investing through a financial advisor and it has been paying off. No major loss has ever been recorded since 2020 I started and I have been able to generate over 356k in net profit across high dividend yield stocks, ETF and bonds. I'm never going back to banks full time.
@@ThomasChai05Could you possibly recommend a CFA you've consulted with?
My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply
Its almost like Rent is an extremely important financial burden for young people or something
What anime crossover is this?! Drac on a WSJ video?!
Imagine that.
IT IS!
Its not just important, its so important that it gets paid every month. The banks think us tenants are fiscally irresponsible when in fact we're probably more responsible than the typical consumer because we know rent is due, in full, every month. And WF expecitng us to carry the rent balance is insanity.
Yeah do you really want someone who puts rent on a CC as your customer. You'd have to be very predatory to pull out on top.
I am using Bilt for rent and the fact that I am eating away from a big bank like Wells Fargo because of it, is so satisfying.
There will never be another credit card like Bilt ever again.
It was basically 1% cash back and since they sent actual checks it could get lost in mail causing headaches
Question, what's so special about it minus paying rent with it? My rent is 2.4k, how many points would I get worth? Any fees per year? I have them auto withdraw from my account and I pay zero fees.
@@djm21892.4k rent is $24 rewards every month. And you get 3x on dining with transfer partners to Hyatt where you easily get 2 cents per point so dining is like 5-7x.
@@djm2189 I have a BILT card. I think you get double the points, however the points are very limited in what you can spend. And in my opinion alot of the services that are offered are quite useless. Specially since I can't transfer them out of the account to another account.
@@djm21892.4k rent = $24 in bilt points back. No fees, they have methods to not deal with any fees pretty much regardless of how your rent is typically collected. Only catch is you need to make 5 transactions per month with the card, can’t literally be just rent by that is trivial for most to achieve
The claim in the video at 3:19 is wrong. Wells Fargo is not "eating" credit card transaction fees on rent payments. They use a separate bank routing number to process your transaction like a normal checking account (with no fees) and display it as having happened on your card. Wells Fargo is only paying Bilt for the cost of the rewards program (when users redeem points).
@@graysonpike112233 mailing the paper check costs money. It's an option for those who don't do ACH transfers.
Source?
Their phrasing is not great, but Wells does bare the cost of the rewards on rent transactions without the typical revenue from interchange. As such, they are "eating" these transactions to an extent.
@@ChineseWinnieI have the card. That is how it works. They basically create a virtual bank account that you use to pay your landlord. It then shows up on your credit card. Wells Fargo covers whatever it costs to manage those fake accounts (they certainly have experience with that) and pays Bilt for the points. It’s not technically a credit card transaction, so there is no transaction fee from MC.
Interesting that makes a lot of sense though because those fees are expensive although that does change the whole narrative of this.
The Bilt Credit Card is the first time I actually want a Wells Fargo Card.
The problems are with Visa and Mastercard with their ridiculous fees and their dominance on market.
I have been pondering the same issue in recent days. Their market dominance is deeply impacting consumers.
True. But I don’t like using debit card tho. Even more problematic
Network Effect means such a service converges on monopoly, since that's what its users (in this case cardholders) demand.
@@newagain9964
You are going to need to explain that one
You know you can just disable credit on them right ?
@@rbluenano it’s not bro what are you talking about 😂
The disastrous decision to repeal the Glass-Steagall Act in the late 1990s led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent a future catastrophe, Dodd-Frank and this Act both need to be revived right away. What happened with SVB is just the start of what will happen if nothing is done to address the current problem.
I think SVB was attempting to restructure their bond holdings. Yes, they would lose money if they sold their low-yield bonds. However, they were attempting to make up for it by repurchasing bonds on the open market at the higher interest rate.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
Please who's this advisor that guides you?
Jessica Lee Horst is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Jessica on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Today on things I didn't need realize I wanted to understand
The banking situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than $600k within just a year, and I've entrusted my advisor with the task of determining entry and exit points.
@@hunter-bourke21 Impressive can you share more info?
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with *Izella Annette Anderson* for years and highly recommend her. See if she meets your criteria.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I like the idea of co-branded cards because you get exactly the benefit you want. 5% on gas is no good if you don't have a car, but 5% on Amazon if you make tons of Amazon purchases is much more compelling.
The Amazon card is pretty much the only good cobranded card
In india both amazon and Flipkart(wallmart) offer 5% unlimited cashback through their co branded credit cards.
Bilt 3x dining with transfer partners United and Hyatt is the best card out there.
Not the best but it's a good card.
I heard that 3X dining points is going to end in a few months, which is a bummer.
@@adamv6942 not true. Dining is staying at the moment. 2x tax payments is ending and well as rent day maximum points earned lowered.
Here’s the trick: take all your buddies out to dinner on the first of every month, and have them all pay you back. Free 6x points!
@LordNativistRobinhood is simply 3% cash back. BILT is 3x points, which equates to 6.06%
things that are good for consumers are always "risky" for the banks 🙄
Yep because they want higher profits year over year (YoY). And they can't do that honestly through loans so they try to charge fees everywhere.
5:47 it's absolutely insane that customer data is considered an "income stream" when it is simply a breach of privacy. I'll never understand how Americans have let this issue go unchecked. My data should be private and not something to sell for profit.
The same way you let the issue go unchecked
Risky business indeed, thanks for the insight! 💡
So basically Wells Fargo will withdraw there interest from BILT. BILT will then fail or sell off because it has no real revenue generating potential. Ultimately American Express will rise too the top. It has a sense of premium, good rewards & and outstanding international presence and reputation.
Amex has higher transaction fees than MC/Visa, they're not rising above anything because they've established which market they prefer to be in. MC/Visa are for original consumers and Amex is for those who want more premium benefits. Wells made the error of thinking Fintech will make money from doing nothing special.
They already at the top if we being honest with ourselves.
@@ajanimandara9048they only recent are seeing big success and growth in Europe and with young people
Thanks for meaningful and valuable video as always ❤❤❤
This documentary doesn’t explain much. They operational fee, but then just leave it at that. Could have gone over how costumers use these cards or what specifics agreement are costing them most. All these cards not working for the partners is nothing new.
Agreed. They don't talk about the % transactions make for VISA for example, and the additional % the bank makes. If a merchant fee is 3%, VISA is making 2% with the bank 1%. They also talk a lot about risk but don't mention how banks make decent money off APY% from carried CC balances...
If you are spending money you might as well get something for it as a perk !!
Knowledge supports growth.
5:47 so it’s normal in the US for banks to sell their customer’s data? The EU doesn’t sound so bad now huh. Can’t do that here. It’s ridiculous anyway, you are already paying them to use their card or account but they still sell your data for even more profit. Wow.
Some don’t even allow you to opt out.
That's part of how they're able to fund the more generous benefits compared to equivalent cards outside the US, along with America's higher 2~4% card transaction fees.
Checkmate Dave Ramsey
The customer acquisition costs are low to have access to clients who will hopefully go on to get mortgages and do investing with their bank. Co-branded cards will stay for a long time. Delta cards account for 1% of US GDP.
Well that Walmart card for Capital One was good while it lasted.
Yes! I order business delivery 5 days a week. Online orders get 5% cash back. I'm going to miss it.
Nice one
The Walmart capital one card is closing. I'm so sad 😔 I always paid my balance and I made about $120 cash back every month.
I've been using your strategy for a few weeks now and it's been working great. Thank you so much!
Bilt was fundamentally a terrible idea for the bank because anyone that has been paying rent can just use that card exclusively for rent and have it set to auto pay. Once that is set up, shred the card and you just get free money.
Not necessarily since you need to make a minimum of 5 transactions per month to earn any points. If you only pay rent and nothing else then you get no rewards. You would need 4 more transactions other than rent to earn rewards.
@@Gummb0 fair enough. Places with all inclusive amenities would be out. I was thinking about rent, utilities, tv, and internet being automated payments.
"Oh oh the wells Fargo wagon is a'comin' down the street oh please let it be for me"..oh oh the wells Fargo wagon is a'comin' down the street i wish i wish i knew what it could bring.." "i got a box of maple sugar on my birthday".."and i got me a grey makinaw.." "and i got me some grapefruit from tampa:..Montgomery ward sent me a bathtub and a crosscut saw"..oh oh the wells Fargo wagon is a'comin"down the street oh please let it be for me"..hahaha..i still know the words after 50yrs..well done me..
Interesting that IHG hasn't had a UK co branded credit card in the UK for a while...
Loving my Bilt card!
I would spend more money on my Bilt card if Wells Fargo did not suck as a bank, have terrible costumer service and actually had working apps.
*customer
Wells Fargo could easily afford the costs associated with offering the Built program if they just learned how not to screw up their basic banking business and not pay out hundreds of millions in fines to regulators and other legal expenses.
When the numbers don't add up it's not called risk, it's called stupid
Sears shows what happens if you rely on these
A single Apple titanium card cost $80 for Goldman Sachs.
I have both visa prime and bilt
Best are the cards with payback as cash into your account. All other rewards are just more rip off spending traps.
BILT is a huge branding L, they are out of touch with average consumers.
Cc are not risky..they are most rewarding for banks...mimimum interest rates over 36%😢
in my country there's a local payment network system established by the Central Bank (the default and mandatory for all merchants beside cash of course) they take 0.8% per transaction with a cap of $10 also VISA, Mastercard and Amex networks exists. my question is in the U.S if I'm not mistaken there are only 3 payment networks (VISA, Mastercard and Amex) isn't that risky to have all your eggs in corporate basket? what happens if those companies decided to increase fees, face technical issues or simply they don't want to do business any longer, shouldn't be their a local government-backed payment system?.
In my experience these co-branded credit cards always seem to have the highest interest rates compared to regular credit cards. Why do they tend to be higher?
they have a lower barrier to entry given there's a metaphorical tug of war between companies wanting to get as many people to get the cards so they can buy their stuff and banks being conservative enough to make the companies happy while not losing out on money.
So basically this is the sub prime lending fiasco all over again
My airline cobrand card gives me ~10% redemption value if used for upgrades, now I assume these are actually good deal for us if banks are losing money on it
And consumers win for once. Lots of signup bonuses to chase.
I like your content. Interesting video.
There is no risk for them, they always get bailed out by the government.
It’s more like being married where you cannot make a decision on your own . I’ll watch the video next to see how far I am off . lol
knowing this hurts WF makes me want to open an account even more
Nice video 😮
Love From Bihar
I love bilt, I use it every month
Oh no, I feel so bad for the banks!! lol
i also decline to comment since everyone is doing it😂😂
Is Bilt international or only for the U.S?
Only issued in the US, but can be used internationally; it has no foreign transaction fees.
@@noebazan1999The rent feature is limited to U.S. properties. But yes, it's a MasterCard accepted anywhere MasterCard is accepted and no foreign transaction fees.
Cobranded credit card never made much sense to me. The only people who makes money is those who create the cards. The guy who created Bilt founder was just flexing his multi million luxury vacation with his model GF
Yeah, I just use my one credit card, chase Sapphire preferred. I'm 29, earn $120k, no debt and they gave me a credit line of 32k. I don't want another one but many say you need at least 2. In either case I never carry a balance and have 2.5k worth of points.
they make perfect sense. they make a loyal fanbase continue to stay and spend more money with the store. the rewards aso incentivize new customers to come in and spend money.
It's frightening to hear "general purpose credit card".
What happens to your credit score if the contract ends on one of these? Doesn't the card become useless?
There is no impact to your credit score. When the partnership ends between a bank and a retail business, one of two things happen; Either the bank will convert your credit card to one of their other credit cards. Or the other thing that happens is your credit card will be issued with a new bank's name and logo on it. It all depends on whether the bank keeps the credit card portfolio or if the retail business keeps the credit card portfolio. Walmart left the credit card portfolio with Capital One bank after their partnership ended so Capital One converted all the Walmart Credit Cards into one of the other Capital One credit cards, their Quick Silver Card. Apple is trying to find a new bank to move the credit card portfilo to.
Why Banks Bet Big on Risky Credit Card Partnerships, and are getting burned, but a doubling down !
Debt collections are hitting hard! I’ve personally struggled with financial stability and now have $220k in savings just sitting there. I’m clueless on where to invest it. Anyone have advice?
I feel you! I’m in the same boat with $50k in savings and no idea where to invest. This financial uncertainty is tough. Any tips from the community?
I'd suggest looking into a mix of index funds and high-yield savings accounts for stability and growth. But the best move is to work with a financial coach
полюбил я эту сферу, нормально получается поднимать по таким связкам, приватки дают тоже
why? these complex systems are easy for hackers to syphon out data and money
For Bilt, it’s because the customers are too savvy to be paying interest to Wells Fargo. For Apple, it’s because they forced Goldman Sachs to approve people with bad credit scores that would run up the credit limit and default.
They've been partnering with all the luxury buildings throughout major cities in Chicago, LA, Houston, and NYC. Our buildings are autoenrolled in Bilt, at minimum you're forced to get an account to pay your rent electronically. My building disabled paying through portals like Rent Cafe.
@@precooked-bacon Are you saying that tenants are being forced to open a new line of credit in order to rent?
@@TheCosmonaut You don't have to sign up for the card but we are forced to sign up with Bilt's portal to pay our rent and of course they ask you over and over to sign up for a card. It's part of brochure packets at luxury residential buildings now. That's how they're getting so many users with high net worths. Basically the buildings are getting something in exchange for sign-ups, i'd assume or else they wouldn't go through the trouble of disabling a more trusted rent payment portal like RentCafe/Yardi.
📝
Harris Angela Gonzalez Brenda Martin Kenneth
💚
Veo millones de asesinados.
Companies should create their own credit card without partnering with banks
I don't think you realize the complexity of this
Partnerships is a very ambiguous language terminology.
I just literally paid my monthly rent via BILT card and then this video was posted! What are the chances! 💸💰 #BILTcard #monthlyrent #serendipity
Does this include Putin's friends who guarantee the repayment of Trump's loans to Deutsche Bank?
Kamala knows! "We invested an additional $12 billion into community banks, because we know community banks are in the community, and understand the needs and desires of that community as well as the talent and capacity of community."
The speaker in the video speaks in such a way that although it feels like what she is saying has value but isn't the case.
On a side note, looks like she is taking zoloft.
No nos cuenten mas trolas por favor gracias.
This video is non explanatory, go into the details!!
This is why Cryptos will rule the world! VISA and MasterCard with their ridiculous fees are unreal!
Yet crypto is still stuck with largely criminals, pessimists, and speculators. Businesses instead find card fees equal enough to the labor and security costs of handling physical cash, plus the accuracy and speed of _confirmed_ digital payments with dispute resolution avenues that blockchains are much too slow and scam-prone in comparison.
always find something new and useful in your lessons. Thank you for sharing your experience and knowledge with us!
BILT CHARGE ME EVEN THO I NEVER USE THE CARD AND WAS ALSO IN MY SAFE. THEY SAID I HAVE UNAUTHORIZED CHARGES . SOMETHING FISHY WITH BILT CREDIT CARD
Dotcom bubble❎
CreditCard bubble✅