Bilt Credit Card: Any Updates On Experience???

[cool7hand]

Hey friends! We're looking for an update on the Bilt credit card by Wells Fargo. Our rent is the one of the few payments that we've not found a way to leverage for some benefit. There's another thread about the Bilt credit card from last year with mostly positive entries: https://forum.mrmoneymustache.com/share-your-badassity/bilt-credit-card-that-lets-you-earn-1-on-rent-payments/. We're curious if others can update us about positive or negative experiences. Thanks!

[roomtempmayo]

The WSJ is reporting that Wells Fargo is bleeding money on it and looking for a way out: https://www.wsj.com/finance/banking/wells-fargo-credit-card-rent-rewards-8e380852

Turns out that people with enough wherewithal to optimize their rent payments make fewer mistakes that banks profit from than typical renters.