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- [Narrator] As much as $10 million, thatamp;#39;s how much Wells Fargo is losing every month thanks to this credit card. - [Presenter] You can finally earn points on rent. - BILT got a very sweet deal, but Wells needed to win. - [Narrator] Despite high-profile failures, these types of credit card partnerships make up 62% of the portfolios of the largest issuers in the US, and experts say the industry will continue to grow. Hereamp;#39;s how these complex partnerships work and what some missteps reveal about whatamp;#39;s at stake. - A co-branded partnership is one where a bank teams up with a company. Itamp;#39;s as broad as that. - [Narrator] Brands that have credit card partnerships run the gamut, from airlines to retailers. - Itamp;#39;s any company that is looking to build up loyalty from their existing customers and to pull in new customers. - [Narrator] In return, customers earn rewards, anything from discounts to a free hotel night. - For free. Boom. - [Narrator] And the b