Credit Card Blog

More than four out of ten young consumers between the ages of 18 and 21 who surf the Web now own a credit card, and 65% of this “Gen Z” online group used the Web to apply for a credit card. A new research report also found that Capital One was the most popular credit card among this generation. According to the Forrester Research “Meet Your Next Financial Consumer,” Capital One has a 20%+ share of credit cards held by online youth. BofA, Chase and Citi have about a 13% share of the same group. However, Forrester further found that 21% of “Gen Z” cardholders intend to switch from Chase and American Express cards in the next twelve months. Overall, 32% of online youth applied for a credit card over the Web during the past twelve months.

This entry was posted on Friday, March 30th, 2007 at 8:40 am and is filed under In the News, Chase, Discover, American Express, Mastercard, Visa, capital one, Citibank, Bank of America. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.