credit cards

Do millennials use credit cards?


We asked millennials about their credit card usage.

"I do have a credit card."

"I do not have a credit card."


"I do have a credit card."

"No, I do not."

"I do have a credit card."

"I have two credit cards."

"I do not."

"My mom kind of helps me out with that sometimes, but you know, once a month I go online and make sure I pay it."

We wondered: If you don't use a credit card, why not?

"I find that, like, my credit score is pretty OK, even without having a credit card."

"Yeah, I think I wouldn't trust myself to manage it responsibly. I think I would take liberties with it that I wouldn't take if ... you know. If I run out of money on my debit card, then my card bounces, but on a credit card I can justify buying more things and then not having money to pay off the balance."

"I mainly use my debit card, but I use my credit card depending on when my paychecks are coming."

"I'm very frugal with my money and I bought my own car, so I'm already building credit. So, I don't need a credit card."

According to a survey by the Consumer Federation of America and VantageScore Solutions, 18- to 34-year-olds know less than other demographic groups about credit scores.


Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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