8/19/16, 12:45 PM How Credit Card Companies Prey on Millennials Page 1 of 8 http://www.newsweek.com/2016/08/26/millennial-credit-card-users-interest-rates-491235.html BUSINESS HOW CREDIT CARD COMPANIES PREY ON MILLENNIALS BY LEAH MCGRATH GOODMAN ON 8/18/16 AT 9:10 AM 08/26/16 IN THE MAGAZINE Subscribe Sign In
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How Credit Card Companies Prey on Millennials€¦ · If credit card companies can’t win over millennials, experts say it could very well erode their long-term earnings potential.
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8/19/16, 12:45 PMHow Credit Card Companies Prey on Millennials
Page 1 of 8http://www.newsweek.com/2016/08/26/millennial-credit-card-users-interest-rates-491235.html
BUSINESS
HOW CREDIT CARD COMPANIES PREY ONMILLENNIALS
B Y L E A H M C G R AT H G O O D M A N O N 8 / 1 8 / 1 6 A T 9 : 1 0 A M
8/19/16, 12:45 PMHow Credit Card Companies Prey on Millennials
Page 2 of 8http://www.newsweek.com/2016/08/26/millennial-credit-card-users-interest-rates-491235.html
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A D V E R T I S E M E N T
“We haven't seen rates stay this high for this long since the credit crisis," says KellyDilworth. "With Fed rates so low and going up, I would be surprised if we saw cardrates go below 14 percent ever again.”B E T S I E V A N D E R M E E R / G E T T Y
B U S I N E S S C R E D I T C A R D S B A N KS E CO N O M Y M I L L E N N I A LS