Credit cards (and their rewards) are the “hot new collectibles” for some Millennials. Banks are in an “arms race” to provide the best rewards along with their credit cards, creating a trend among young consumers to collect as many as possible. They’ve even taken to blog and message boards to trade tips and boastfully share what they’ve acquired with points. One 29-year-old financial analyst and his wife have acquired 40 credit cards together, earning them 1,492,500 in reward points and the ability to cross travel destinations off their bucket list. (Wall Street Journal)
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