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Gen Z doesn't have a credit card. They have a debit card issued by some not-bank fintech app. BNPL appeals to them.
by dialup_sounds 2y ago
Gen Z doesn't have a credit card. They have a debit card issued by some not-bank fintech app. BNPL appeals to them.
- lxgr 2y agoWhere did you get that idea? 86% of Gen Z members (with a credit score, and you usually need one to rent) have a credit card in the US: https://www.experian.com/blogs/ask-experian/research/gen-z-and-credit/ https://www.experian.com/blogs/ask-experian/research/gen-z-a...
- dialup_sounds 2y agoIt was a quick generalization that I won't defend, but it's not based on nothing: https://www.paymentsdive.com/news/how-does-gen-z-feel-about-credit-cards-its-complicated/620125/ https://www.paymentsdive.com/news/how-does-gen-z-feel-about-...
- hot_gril 2y agoI wouldn't be surprised if us zoomers were more wary of incurring debt on credit cards because they seem more complex, predatory, or expensive than some BNPL with a user-friendly app. But just using them and paying them off, that's worthwhile for points.