SACRAMENTO, Calif. — A new report shows nearly 6 in 10 Gen Z credit card holders — people currently between about 14 and 29 years old — typically pay only the minimum on their credit cards.
Experts say paying only the minimum is one of the worst credit card habits cardholders can develop, but it is not the only mistake people make.
“It’s not just about getting out of the cycle, but it’s staying out of that cycle,” said Daniela Alvarado, senior program manager of financial education with Golden One Credit Union…