How Millennials Became Spooked by Credit Cards

HImom
Fri, 19 Aug 2016 17:10:34 +0000

My kids have never paid interested or late fees to CC companies. The few times they were assessed, they requested a waiver, which they received. Both got CCs as authorized users when in college and CCs in their own names around age 20-22.

Both enjoy the signing bonuses, cash back and other benefits of having their own CCs. Some CCs have extended warranty protection and other benefits both kids have enjoyed as well.

Neither has ever had problems avoiding racking up debt. We live below our means and both our kids do as well. Our kids are fortunate, we modeled living below our income all their lives.

Our S has a ton of CCs, all of which he uses responsibly. He’s contemplating buying real estate and has great credit.