According to eMarketer, credit cards will remain the most popular payment method for US consumers through next year, with total credit card transactional value to reach $3.8 trillion in 2025. But with changing rewards and fees, it can be a struggle for consumers to know which cards to use.
Cardless Co-founder & President Michael Spelfogel joins Wealth! to to discuss his company and what consumers need to keep in mind in a changing credit card landscape.
Spelfogel offers advice as to what consumers should keep in mind when choosing the right credit card for them: "You want a credit card that relates to who you are or rewards you in the places you spend. There’s a lot of diversity in credit cards today. Robinhood (HOOD) is a good example of that. Building a product that will be popular with Gen Z, Millennials…But ultimately the vision of Cardless and companies that do what we do is to expand access as well as the types of products out there."
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