Credit Cards: What Millennials Need to Know About Choosing and Using Credit Cards

April 16, 2015 1:58 PM

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Credit Cards: What Millennials Need to Know About Choosing and Using Credit Cards

Today’s young professionals have a complicated relationship with credit. A report last year found that more than three in five millennials did not own a credit card, while another survey, by Creditcards.com, found that 36% of 18-to-29 year olds have never had one.

Millennials, of course, had the distinct misfortune of entering the job market during the greatest recession in generations, which may have made the prospect of borrowing less appealing, says Creditcards.com senior industry analyst Matt Schulz. Unemployment can make the task of paying off your month...

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