Both Confortini and Lamarre Post on personal financing themes on Tiktok (surveys show that most consumers are Gen Z Go to social media platforms Like Tiktok and Instagram for financial advice) both talked about paying the rent on their credit card on the platform. None of them works with Bilt, although it can earn points for successful referrals. Conforaini estimated that it has achieved about 35 referrals during the past year.
Daniel Hipbner, a 25 -year -old software developer in Seattle, earns his monthly rent of his Bile Card and satisfied the minimum transactions requirements by purchasing multiple Amazon gift cards with a value of $ 1 (those purchases began to refuse, so now he uses the card in restaurants and cafes). He said, “I am frankly, in general, I feel credit card rewards are just a big fraud.” “We all pay for that with credit card fees. But I will benefit from getting the largest possible number of what we can live in.” Hipner said he has about 10 credit cards and pays it completely. “I don’t even know how much it deserves to try to maximize all of this. What is it happening, an additional amount of $ 10, $ 20, $ 30 a month?” The fact that rewards Funded He said it is partly through the benefit of people who cannot pay their bills “really non -aggressive”, but the way the trade works today, credit cards are “not something I can boycott.”
“For consumers who are not trying to earn rewards or cannot pay their balances completely, imposing these expenses on a credit card can indicate a financial shortage,” said Matt Schools, chief credit analyst, “said Matt Schools, Credit Terostewan,” imposing these expenses on a credit card can indicate a financial deficiency, “and this certainly happens with Gen Z as well.” It is frightening, especially when you think about the speed of high interest rates during the past year or so. Average credit card interest rate It is now 23.55 %, and it is the highest since Schulz started tracking month Imposing rent on their credit cards While waiting for relief funds, according to the Federal Reserve in Philadelphia. In LindingTree separate reconnaissanceAbout 45 % of adult Gen Z lived on the salary and 62 % of people who had no money to pay their bills who used their credit cards to cover them.