Consumers «savvier» about cards The rise of rewards cards and increase of spending on them «suggests that credit card customers are savvier about their credit
card usage habits,» the ABA said.
As a 2017 study from LendEDU put it, these millennials often exhibit credit
card usage habits that are «a bit cavalier,» with more than 30 percent of respondents relying on their plastic for basic expenses such as rent, groceries and utility bills.
Not exact matches
NerdWallet's survey of more than 2,000 U.S. adults ages 18 and older asked about their travel
habits and spending, as well as their credit
card usage.
It's all about creating healthy
habits around your credit
card usage.
Contrast this to credit
card usage, where good
habits can lift your credit score.
Education is a key component that helps teens learn how to use credit
cards responsibly while building credit and formulating sensible
usage habits
Your bank wants to see lot of
usage, the more the better, these banks keep algorithms of your spending, they know if you are «struggling» by your spending
habits and they also know if you just use your
card as a tool.
Since the
usage will directly impact your credit score, choose a
card that's manageable and suits your spending
habits.
NerdWallet's survey of more than 2,000 U.S. adults ages 18 and older asked about their travel
habits and spending, as well as their credit
card usage.
They each have their pros and cons, but your ultimate choice should depend upon your spending
habits and the level of planning you want to do with your credit
card usage.