68% of millennials prefer credit cards that offer rewards—here's why that could actually cost them
May 09, 2019 at 09:00 AM EDT
A new survey shows that millennials prefer to use credit cards for the rewards and other perks, but these types of cards may be wrong for the 43% of millennials who carry a balance. The interest from carrying around a balance "quickly wipes away" the value of any rewards you might earn, according to one expert.