Skip to content

Survey Finds Credit Scores Higher Priority for Millennials

July 19, 2017
2 min read
Survey Finds Credit Scores Higher Priority for Millennials
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Sign up for our daily newsletter

Millennials catch a lot of heat. But, for the most part, they're interested in improving their credit health — at least according to a new survey from Chase.

The Chase Slate 2017 Credit Outlook survey found that more Millennials check their credit scores every month (39%) than Gen-Xers (31%) and Baby Boomers (28%). In addition, the survey found that 62% of Millennials want to improve their credit score and have a plan of action to do so. Looking forward, they also plan to put their improved credit score to use. About 33% of Millennials say they plan to buy a home in the next four to five years, and 24% plan to purchase one within the next three years.

"Millennials are really doing their homework in preparation for buying a home in the near future," said Mical Jeanlus, the general manager of the Chase Slate Credit Card.

The Chase Slate 2017 Credit Outlook Survey polled 1,000 people aged 18 and older between March 15 and April 3, 2017. The survey was conducted by Socratic Research, an independent research company, on behalf of Chase Card Services.

The findings from the Chase Slate survey are pretty interesting — and promising for the cohort. Not only can the improved credit score help in the sense of preparing for the future and buying a house, but also for valuable points and miles you can earn from credit cards. In order to get into the points and miles hobby and maximizing on sign-up bonuses, the first step is to understand your credit score. Check out this post for more ways on how to improve your credit score in 2017.

Featured image by Getty Images/iStockphoto

Top offers from our partners

How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers