Baby boomers represent a prime market for rewards-based credit cards due to their higher spending habits compared to younger generations. They could earn over $1,000 in cash back rewards annually but often miss out due to limited usage of suitable cards. A 2025 Bankrate survey shows that over 70% of boomers aged 60-78 carry at least one rewards credit card, favoring familiar traditional methods over newer payment systems. Leveraging cash-back cards could significantly enhance their overall financial benefits.
Baby boomers can significantly benefit financially by utilizing rewards-based credit cards, potentially earning over $1,000 in cash back annually due to their spending habits.
The reality is that baby boomers are well positioned to help maximize their rewards if they focus on having a wallet full of cash-back cards.
A 2025 Bankrate survey indicates that more than 70% of boomers aged 60-78 possess at least one rewards-based credit card, suggesting a familiarity with credit card use.
Baby boomers lead in credit card usage across generations, showing opportunities for better cash rewards through strategic spending.
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