• Sat. Apr 20th, 2024

Credit Cards: The Top Payment Method in the US, But How Do You Choose the Right One?

BySamantha Jones

Apr 2, 2024
Understanding the Evolving Landscape of Credit Cards

Credit cards are expected to remain the most popular payment method for US consumers until next year, with total credit card transactional value projected to reach $3.8 trillion in 2025. However, with changing rewards and fees, it can be challenging for consumers to determine which cards are the best to use.

As a journalist, I had the opportunity to speak with Cardless Co-founder & President Michael Spelfogel about his company and provide insight into what consumers should consider in a shifting credit card landscape. Spelfogel emphasizes the importance of selecting a credit card that aligns with the individual’s preferences and spending habits. With the wide variety of credit cards available today, it’s essential to choose one that offers rewards in the areas where you spend the most.

Spelfogel mentions examples like Robinhood (HOOD), which caters to younger generations like Gen Z and Millennials. He stresses that companies like Cardless aim to expand access to credit cards and offer a wider range of products to consumers. By providing options that are tailored to different demographics and preferences, consumers can make informed choices about their credit card usage.

For additional expert insights and the latest market updates, you can watch the full episode of Wealth! on how changing rewards and fees impact consumer behavior when choosing a credit card. Stay informed on the changing credit card landscape and make the best decisions for your financial needs by watching this insightful episode today!

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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