Living with credit, Shopping

Gen Z, Jay-Z and other credit news to know

Taylor Tompkins

This week’s (un)lucky number is: 14 percent

That’s the percentage of teenagers who use a credit card daily as an authorized user on a parents account. I imagine the credit card statements have a lot of charges for Hot Cheetos, video games and movie tickets.

Generation Z getting head start with credit cards

This week

These are the things to look forward to this week.

Tipped off: Your poor waitress has to clean up all those scraps of food your adorable toddler just threw on the floor. Your barber has to pretend to be interested in your geocaching hobby. Coming from someone who spent a long time (probably too long) in the service industry, you gotta tip. You know who doesn’t tip? Southerners, women and people paying with cash, according to our survey. Apparently, though, the worst tipper is a pro basketball star with money to blow.

Above average: For the first time in the history of ever, the average credit score is 700, thanks in large part to a growing number of overachievers with 800-plus credit scores. But are they sitting back, relaxing and enjoying the fruits of their hard-earned points? Nope. They’re having a cow because they paid off their home. No really. So let’s say, hypothetically, you’re not one of those people. I know a guy who can help you get your score up quickly.

Optimus Prime: In this corner, weighing in at more than $430 billion, we have the giant of the digital sales world (and grocery store buyer, and movie-making mogul, and home assistant designer, and — ah, you get the point). In the other corner, we have you, a credit card-wielding crusader. Since you’re no match for the Goliath that is Prime Day on July 11 (and since I can’t seem to get away with not writing about Amazon once a week), maybe consider using the Amazon Prime Rewards Visa Signature card to double up on your bargains.




What you might have missed last week.

Interest-ing: Interest rates keep rising. And they’re predicted to keep on climbing. What’s a poor credit card holder to do? Turns out, there’s a lot you can do to help lessen the sting of those interest rate hikes.

Tangled in the web

Here are things from around the internet that the staff are reading.

Jay-Z might have cheated on Beyoncé, but his finances are in order, according to his new album. – GQ (I don’t think I really need to warn you about strong language in an article quoting Hov lyrics, but head’s up, there’s strong language in an article quoting Hov lyrics.)

Startups are creating digital currencies to make paper before even making a product. – New York Times

Pay your bills so yours isn’t one of the 2.74 percent of accounts that were delinquent in the first quarter of the year. – American Bankers Association

Reach out to us

To learn more people you should definitely be tipping that you’re definitely not, subscribe to our email newsletter.

Our experts aren’t shapeshifting robots or dominating titans of industry, but I wouldn’t want to go up against them in a fight. Sneak me your questions and I will pass them along. I can be reached at or at @taylor_paige13 on Twitter.

And while you’re reading my tweets about my deep and undying love for one particular fast-food chain, follow us at @CreditCardsCom. We even made this easy little button for you.

Take a break from trolling Facebook to see what all your friends bought on Prime Day and check us out there, too. (Yes, there’s an easy button for that as well.)

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