Bilt Launches New Credit Cards with 10% Introductory Rate for First Year
Written by Emily J. Thompson, Senior Investment Analyst
Source: stocktwits
- Trump's Policy Impact: Trump labeled current credit card interest rates of 20% to 30% as 'excessively high' and plans to implement a new policy on January 20 aimed at reducing consumer burdens, which could pressure banks and credit card giants.
- Launch of Bilt Cards: Bilt introduced 'Bilt Card 2.0', allowing users to pay rent and mortgage with no transaction fees, featuring a 10% interest rate cap on new purchases for the first year, which is expected to attract a large user base.
- Market Reaction: Shares of Visa and Mastercard fell for five consecutive days following Trump's policy announcement, with declines of 4.5% and nearly 4% respectively on Tuesday, indicating growing market concerns about the credit card industry.
- Bilt Valuation and Outlook: After raising $250 million last year, Bilt reached a valuation of $10.8 billion and expects to surpass $1 billion in revenue by Q1 2026, highlighting its strong growth potential in the housing expenditure market.
Analyst Views on V
Wall Street analysts forecast V stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for V is 402.76 USD with a low forecast of 315.00 USD and a high forecast of 450.00 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.
26 Analyst Rating
21 Buy
5 Hold
0 Sell
Strong Buy
Current: 327.880
Low
315.00
Averages
402.76
High
450.00
Current: 327.880
Low
315.00
Averages
402.76
High
450.00
About V
Visa Inc. is a global payments technology company. It facilitates global commerce and money movement across more than 200 countries and territories among a global set of consumers, merchants, financial institutions and government entities through technologies. It operates through the Payment Services segment. It provides transaction processing services (primarily authorization, clearing and settlement) to its financial institution and merchant clients through VisaNet, its proprietary advanced transaction processing network. It offers a range of Visa-branded payment products that its clients, including nearly 14,500 financial institutions, use to develop and offer payment solutions or services, including credit, debit, prepaid and cash access programs for individual, business and government account holders. It also provides value-added services to its clients, including issuing solutions, acceptance solutions, risk and identity solutions, open banking solutions and advisory services.
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.
