Bilt Launches New Credit Cards with 10% Introductory APR for 12 Months
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- New Card Launch: Bilt introduces three new credit cards under the Bilt Card 2.0 name, offering a 10% introductory APR for 12 months, aimed at attracting more users and enhancing market competitiveness.
- Diverse Rewards: The new cards extend rewards not only to apartment renters but also to mortgage payments, showcasing Bilt's strategic move towards product diversification in the financial sector.
- Card Features: The Bilt Palladium Card, with a $495 annual fee, offers 2x points on everyday spending and a limited-time 50,000-point sign-up bonus, enhancing its appeal to high-end users.
- Market Reaction: Trump's proposed credit card rate cap has pressured credit card stocks, causing declines in major financial institutions like American Express and Citigroup, reflecting market concerns over the new policy.
Analyst Views on AXP
Wall Street analysts forecast AXP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AXP is 351.42 USD with a low forecast of 280.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
7 Buy
12 Hold
2 Sell
Hold
Current: 358.000
Low
280.00
Averages
351.42
High
400.00
Current: 358.000
Low
280.00
Averages
351.42
High
400.00
About AXP
American Express Company is a globally integrated payments company with card-issuing, merchant-acquiring and card network businesses. It offers products and services to a range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world. Its segments include U.S. Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS) and Global Merchant and Network Services (GMNS). USCS offers travel and lifestyle services as well as banking and non-card financing products. CS offers payment and expense management, banking and non-card financing products. ICS provides services to international customers, including travel and lifestyle services, and manages certain international joint ventures and its loyalty coalition business. GMNS operates a payments network that processes and settles card transactions, acquires merchants and provides multichannel marketing programs and capabilities, services and data analytics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
