Why Cobranded Credit Cards are So Risky... (WSJ Reaction)

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[curmudgeonextraordinaire]

The Amazon card must do well for Chase. They keep renewing the contract.

[cannedreborn]

I still love my Amazon card through Chase.

[Lancun]

If WF could get Hyatt on their cards' transfer partners, or one of the major domestic US airlines, they'd probably get some crossover business on their Autograph cards. The problem is that they need to actually put in the work to bring better partners on board like Bilt itself did.

[AllHailNannerpuss]

I miss that Uber Visa 4% back on Restaurants.

[kennethbatts]

Wells Fargo not more like Wells Fargo is infamous for scandal.

[thedudefromdgomx]

Ah yes, good ol Uber card. Felt so cool to have it, that was only in 2018! How?!

[harkinsdavid]

Yet Synchrony and Commenity have no issues in this space. Granted, I think the kick back from the brands are far less with them. Plus deals like the Target and Lowes card where it looks like the bank doesn't supply the rewards at all. The retailer provides a discount. Or the rewards are issued within the retailer's rewards program, and are not always used like the Old Navy card.

[atniel]

So why charge late fees when they are already getting interests money? Sounds like double dipping to me.

[MegaCraptacular]

Anyone wanna bet Ben has never spent a single night in a Red Roof Inn or Super 8 😂

[fulim]

Ben, I don't think BOA has any transfer partners either? Or am I missing something?

[louisp]

Would it be a good idea to transfer Bilt points out?

[JetLagRecords]

Ben Hedges, amazing content keep up the awesome work

[briananderson]

Greenlight Family MC and FNBO ended their partnership effective September 2024 so no more 3% cashback.

[Fox]

I pay my rent with my Chase Freedom Unlimited and I get my rewards don’t know what the big BCC deal is.

[NoNot-gi]

I find it quite funny that Wells Fargo was acting in this predatory way hoping that people would mess up and keep balances for their rent only for it blow up spectacularly in their faces. Those scumbags certainly deserve it

[eellss]

Why would there be merchant fees when they avoid the swipe? They're using a pseudo bank account

[lewis]

This breakdown and the report is not inclusive of ALL the costs that ALL BANKS deal with for years BEFORE they see profitability.

[AdamRafeedie]

So bro the Apple Card isn't bad people just complain

[xodima]

I disagree on late fees. It's like overdraft fees, I CAN avoid it, but I don't like that it's there. It's like a nail sticking out of the wall, you can avoid it all your life, but you shouldn't have to think of it. I'd lower rewards for better terms. that's just the scummiest part of credit cards. being late on a payment is already penalized by hits to your credit. I never use a bank with over drafting fees, I refuse on principal.