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Color me shocked that customers who float their monthly rent on a credit card are not the solid foundation that one can build a banking business on top of. "We
by gorkish 2y ago
Color me shocked that customers who float their monthly rent on a credit card are not the solid foundation that one can build a banking business on top of.
"We will make up for it in volume!"
- jonfw 2y agoOne of the primary issues noted in the article is that not enough cardholders were floating their monthly rent, and instead they were immediately paying it off just to collect rewards.
- borski 2y agoThat’s not how it works; you back the rent payment by a bank account. You technically could float it, but the Bilt app tries really really really hard to make sure you don’t.