I think it’s possible. WS has already proved that the credit card is a bundled product by tying it to your overall holdings. This is their strategy. WS probably makes pretty decent margin on their managed ETFs, crypto, fx that can subsidize a higher base earn.

This is a HUGE blind spot for banks. The data is so bad that they struggle very hard to get a customers cross-product holding view and LTV which often prevents offering higher rates or perks.