How Much the Average Millennial Could Make With a Cash Back Credit Card

Millennials have distinctive spending habits that favor online shopping, brand loyalty, and ethical considerations, leading to a preference for cash back credit cards to maximize their expenditures.

Millennials spend an average of 36% of their income on rent and prioritize value-driven purchases, highlighting their focus on ethical retail practices alongside their financial strategies.

With 47% of Millennials shopping on Amazon weekly, their preference for cashback credit cards aligns perfectly with their spending habits, creating potential for significant reward earnings.

Cashback rewards from credit cards serve as almost a tax-free passive income for Millennials, offering a helpful financial buffer amidst rising inflation.

Read at 24/7 Wall St.