Bilt is costing Wells Fargo dearly. Should you duck & run or double down? | Coffee Break Ep15 | 6-18-24
Frequent Miler on the Air
Frequent Miler
4.9 • 640 Ratings
🗓️ 19 June 2024
⏱️ 20 minutes
🧾️ Download transcript
Summary
(00:00) The Wall Street Journal reported friction in the relationship between Wells Fargo & Bilt. What was reported and what do we make of the details? Find out in this episode of Coffee Break.
(01:16) What the Wall Street Journal Article says
(02:01) Digging into article details a bit about the Bilt / Wells Fargo relationship (06:34) Fraud and Money Laundering Concerns
(09:44) The Wells Fargo and Bilt response
(10:34) WSJ article key points quick summary
(11:12) Our take about what this all means
Visit frequentmiler.com/subscribe to get updated on in-depth points and miles content like this, and don’t forget to like and follow us on social media..
Music Credit – Beach Walk by Unicorn Heads
Mentioned in this episode:
Check out all of our other travel podcasts from around the world
This podcast is part of Voyascape, a podcast network that brings together the world's best travel podcasts. You can find all of our podcasts from around the world at Voyascape.com. If you are interested in advertising or sponsored content on any of our shows you can find out more at the link below.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is a Voyescape podcast. |
| 0:04.0 | You can find all of our travel podcasts from around the world at Voyescape.com. |
| 0:08.0 | Here we go. |
| 0:16.5 | This is not your typical frequent mile around the air episode. |
| 0:20.8 | This is a standalone segment we're calling coffee break. |
| 0:24.8 | Each coffee break segment will cover a single topic |
| 0:28.1 | related to miles and points. |
| 0:30.3 | And each coffee break is limited to 20 minutes |
| 0:32.8 | or your money back. |
| 0:34.5 | Enjoy. |
| 0:41.3 | Today's coffee break, built is costing Wells Fargo dearly. Should you duck and run or double down? |
| 0:44.3 | We've seen a lot of startups make a big splash with too good to be true offerings only to drown later. |
| 0:52.3 | Is this a sign of a sinking ship? |
| 0:57.0 | Backing up a little bit. So it's a Wall Street Journal article that is making all the |
| 1:04.0 | buzz that announced that Built is costing Wells Fargo dearly. Built is that loyalty program that rewards people for paying rent. |
| 1:13.3 | It's also a credit card that has no annual fee. |
| 1:15.9 | We've talked about a lot on our show. |
| 1:20.1 | Let's dig into this. |
| 1:21.4 | Is the Wall Street Journal article telling us we should be ducking and running? |
| 1:27.5 | Yeah. |
| 1:27.7 | So the headline of the article said Wells Fargo bet on a flashy rent credit card. |
| 1:32.5 | It is costing the bank dearly. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Frequent Miler, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Frequent Miler and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.