Fintech Takes Fintech Takes: Cards, Rent, and Crypto
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Jul 16, 2025 In this engaging discussion, Matthew Goldman, founder of Totavi and a seasoned fintech innovator, shares insights on the evolving landscape of premium credit cards. He highlights how services like Bilt are revolutionizing rent payments and loyalty rewards, positioning themselves strategically against traditional banks. The conversation also dives into the implications of Chase Sapphire Reserve's pricing changes and Coinbase’s innovative card, revealing deeper trends in financial ecosystems that blend crypto with consumer rewards. Perfect for finance enthusiasts!
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Premium Card Exclusivity Challenges
- Premium credit cards like Chase Sapphire Reserve face challenges with exclusivity and overcrowding, diminishing their appeal.
- Price hikes reflect inelastic demand similar to Disneyland's pricing, showing consumers tolerate higher costs for perceived value.
Chase Prefers Broad Card Usage
- Chase prefers users who use their card broadly, not just to maximize points ruthlessly.
- Super maximizers strain card economics, but casual users sustain profitability.
Built's Unique Rent Rewards Edge
- Built succeeded by negotiating fees to allow rent payments by card, creating a large new rewards space.
- Strategic partnerships and local merchant integration fuel their unique loyalty ecosystem.