Millennials and Credit Cards Interview with KXL Radio Portland
CreditCards.com Senior Industry Analyst Matt Schulz spoke on Wednesday, April 15, 2015, with Pat Boyle of KXL Radio Portland about the results of the April 2015 Millennials and Credit Cards survey. The interview and transcript are below.
Turns out there’s an urban-rural divide when it comes to credit cards. KXL’s Pat Boyle tells us about a new survey.
Pat Boyle: Fewer than half the people living in the country think you should get your first credit card before the age of 25.
Matt Schulz: Almost three-quarters of urban and suburban residents say that. And I think that’s just a difference in lifestyle between the big-city resident and rural folks. Big-city folks may need a credit card to get a cab or to buy a subway ticket, where in rural areas, cash may still be king and you might be dealing with more mom-and-pop type shops and that sort of thing.
Boyle: Matt Schulz with CreditCards.com says their survey also found more than a third of millennials don’t even have a credit card. It also found most people think you should be 22 before you sign up for one.
Pat Boyle: FM News 101.