Recap: Behind Wells Fargo/Bilt Unraveling & More

 

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6 Comments
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Jason Smith
Jason Smith (@guest_2111485)
August 3, 2025 12:10

If Wells fargo was losing millions of dollars, why does Cardless think it is going to make money with Bilt 2.0?

Jack
Jack (@guest_2111543)
August 3, 2025 14:46

Wells Fargo is very strict and usually only approves people with 800+ credit scores that won’t carry a balance, and will optimize the categories on each of their 10 credit cards.

It’s obvious why that’s not going to make you money, isn’t it, Wells Fargo?

tuphat
tuphat (@guest_2111466)
August 3, 2025 11:25

While we are posting WSJ articles: “The Fate of a Little-Known Company Behind Goldman’s Apple Card Is in Limbo; CoreCard has been caught up in Goldman’s failed consumer experiment.” > https://www.wsj.com/finance/apple-card-corecard-leland-strange-ff5ac7da?st=kSLJTd&reflink=desktopwebshare_permalink

Grant
Grant (@guest_2111435)
August 3, 2025 10:29
TJ
TJ (@guest_2111442)
August 3, 2025 10:40

You are the man!

jeph36
jeph36 (@guest_2111430)
August 3, 2025 10:09

Re: separate card numbers for AU – When I tried back in March, I was able to use the GigSky benefit on both the primary and an AU card from my Venture X (different card numbers). So that is one benefit of having separate numbers.