Why Banks Bet Big on Risky Credit Card Partnerships | WSJ
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From Apple and Goldman Sachs to Bilt and Wells Fargo, high-profile credit card partnership missteps reveal how risky these deals between brands and banks can be. Almost 30% of adults own co-branded credit cards as customers can earn different rewards like discounts or free hotel points. So why are some partnerships hitting road blocks? WSJ explains how these complex partnerships work and what’s at stake. Chapters: 0:00 Credit card partnerships 0:30 How these partnerships work 3:00 Risks for banks 7:01 Why the industry keeps growing News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #CreditCard #Bilt #WSJ
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