Credit Card Alternatives for Millennials With Zero Credit

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Possessing a credit card provides many advantages, such as the opportunity to pay for emergencies like an unexpected hospital bill or replacing a broken appliance. In 2017, Google Trends revealed that Filipino millennials searched for finance-related keywords (search growth of 24%), covering loans and credit cards. Come 2019, credit card usage remains low in the country partly due to the strict requirements. If you’re not good at financial planning, it would be impossible to build a credit history to be approved for a credit card. In the same vein that you need to have money to make money, people need credit to build and improve their credit score. Thanks to technological advancements and modernization in the digital age, the financial landscape has continued to evolve and become more inclusive. Today, there are many alternatives for people to build their credit and take advantage of services that echo the benefits of a credit card. Millennials and Credit Cards in … [Read more...]