Sally French

So Bill announced that their partnership with Wells Fargo was ending.

This was back in November and that they were going to introduce three new cards.

So we finally have the details about those.

There are three cards.

One still does have a $0 annual fee.

That's the built blue card.

Then there's the built obsidian card.

This one has a $95 annual fee.

And then the fancy one is the built palladium card, which has a $495 annual fee.

The only problem is that Bilt needed to figure out how to make this all profitable.

Yeah.

And this is where we should put this into perspective.

According to NerdWallet's valuations, bill points are worth about 1.8 cents each.

So going back to that $4,000 rent example, you'd only be earning about $36 worth of points for your rent payment.

This is not a life-changing amount of points that you're earning on rent.

And one point per dollar is probably what most people want.

It's the standard that built, kind of established under their old system.

Are we calling that built 1.0?

Because we're calling this one built 2.2 maybe.

Who knows what version we're on?