Apr 1, 2017

Collecting credit cards for the rewards


Martin Meissner / AP

"Let Me Pay! I Have 29 Credit Cards: Millennials hoard plastic to rack up rewards points" — Wall Street Journal A-Hed by Rob Copeland (online: "If You Have 29 Credit Cards, You're Probably a Millennial"): "

Rewards fanatics are one reason new credit-card sign-ups in the third quarter of last year were 14% higher than in the year-earlier period ... Some cardholders move on to a fresh card as soon as they charge enough to earn their sign-up bonus on one.

A J.P. Morgan Chase spokeswoman marvels at the motivation of applicants. "They're crazy!" she says.
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