When an online link accidentally went live in mid-August, a week earlier than Chase planned, people pounced: Hundreds of applications poured in for a card Chase had not yet announced. The card offers triple points on dining and travel spending, the two categories that consume nearly all of Mr. Schlappig’s budget. Americans received 1.2 billion direct-mail credit card solicitations in the second quarter of this year, according to research by Mintel Comperemedia. “If you look at the behavior of millennials, it’s clear they’re not going to commit to a relationship with one credit card, or brand, the way their parents did,” said David Robertson, the publisher of The Nilson Report, which follows the credit card industry. He is even casting a critical eye on his own go-to card, an American Airlines card from Citi that carries a $450 annual fee.

Source: New York Times September 12, 2016 21:11 UTC