Wells Fargo To Become Official Issuer For Bilt Mastercard

Wells Fargo & Company (WFC) announced a new strategic partnership with Bilt Rewards and Mastercard to become the official issuer for the Bilt Mastercard. The Bilt Mastercard is being launched in partnership with Bilt Rewards, a loyalty program for renters, launched in 2021 by an alliance of multifamily property owners and managers. Until now, the Bilt Mastercard has been available by invitation-only.

With Wells Fargo's distribution, renters can use the Bilt Mastercard to pay rent and earn points at any rental unit in the U.S., even if the landlords don't accept credit cards. For buildings that do not accept credit card or digital payments, cardholders would be able to pay their rent through the Bilt App. The Bilt Mastercard offers a 0-1-2-3 product structure, making it not only the go-to credit card for rent, but also for dining, travel, and everyday spend.

Dan Dougherty, executive vice president, Head of Partnerships and Branch Cards, Wells Fargo, said: "As the new issuer of the Bilt Mastercard, Wells Fargo can now help renters with the card take their biggest expense and turn it into a rewarding experience, including helping them build a path to homeownership."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
J&M Foods is recalling certain Lavender Shortbread Cookies sold through department store chain Target Corp. due to undeclared allergens, the U.S. Food and Drug Administration said. These packages were erroneously packed with Chocolate Chip Cookies and do not disclose the presence of a possible allergen, such as soy or eggs. A multi-state listeria outbreak that has killed one and sickened at least 23 others has been linked to Florida -based Big Olaf Creamery brand ice cream, according to the Centers for Disease Control and Prevention or CDC. The outbreak strain has been reported from 10 states, resulting in 22 hospitalizations. One death has been reported from Illinois. Natreve, a premium wellness company, is recalling certain Vegan Protein Powder due to undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The recall involves specific batches of its Vegan Protein Powder French Vanilla Wafer Sundae flavor. The impacted products are stored in 13 oz (10 servings) and 1.47lb (18 servings) white tubs.
Follow RTT