{"id":231,"date":"2023-01-16T07:18:25","date_gmt":"2023-01-16T15:18:25","guid":{"rendered":"https:\/\/aland26446437b3.wordpress.com\/2023\/01\/16\/genz-will-spend-50-on-a-cup-but-wont-pay-off-their-high-apr-credit-cards\/"},"modified":"2024-02-21T18:44:55","modified_gmt":"2024-02-21T18:44:55","slug":"genz-will-spend-50-on-a-cup-but-wont-pay-off-their-high-apr-credit-cards","status":"publish","type":"post","link":"https:\/\/tomocredit.com\/blog\/genz-will-spend-50-on-a-cup-but-wont-pay-off-their-high-apr-credit-cards\/","title":{"rendered":"GenZ will spend $50 on a cup, but won\u2019t pay off their high APR credit cards"},"content":{"rendered":"<figure><img decoding=\"async\" data-width=\"970\" data-height=\"380\" src=\"https:\/\/cdn-images-1.medium.com\/max\/800\/1*s3wk-95v5c61yEQoSp59dA.jpeg\"><\/figure>\n<p>Many of you may have heard of the infamous \u201cStanley Cup\/Tumbler\u201d trending all over TikTok. Consumers that have fallen prey to this trend seem to be GenZ, many posting cup reviews all over the app. Although the tumblers do have pretty rave reviews and seem to do the job, the cost of the cup is pretty hefty. But with BNPL options, it\u2019s easy for GenZ to spend their money on microtrends.<\/p>\n<p>What GenZ doesn\u2019t understand is that the cup they thought was $50, is actually near $60 with interest fees. APR awareness is important, and it is definitely more important than a $50 cup you could probably buy off Amazon for $20 cheaper.<\/p>\n<p>High APR and interest rates are the culprits of many microtrends from BNPL purchases. It\u2019s important that GenZ understand the repercussions of credit card debt and spending.<\/p>\n<p><a href=\"https:\/\/tomocredit.com\/?utm_source=blog&amp;utm_campaign=Medium_BNPLGenZ&amp;utm_content=44942_TomoCredit%20\/\" target=\"_blank\" rel=\"noopener\">TomoCredit<\/a>, a credit card that has 0 interest\/APR and virtually allows you to never carry a balance, wants GenZ and others to be aware of BNPL while shopping. Fees rack up quickly, and the last thing you want is to carry a balance you can\u2019t pay.<\/p>\n<p>If you are interested in learning more, please reach out to press@tomocredit.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many of you may have heard of the infamous \u201cStanley Cup\/Tumbler\u201d trending all over TikTok. Consumers that have fallen prey to this trend seem to be GenZ, many posting cup reviews all over the app. Although the tumblers do have pretty rave reviews and seem to do the job, the cost of the cup is [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[14,29,40,75,96],"class_list":["post-231","post","type-post","status-publish","format-standard","hentry","category-tomocredit-consumer-value-report-california-credit-score-growth","tag-bnpl","tag-credit-cards","tag-finance","tag-money-management","tag-shopping"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GenZ will spend $50 on a cup, but won\u2019t pay off their high APR credit cards - TomoCredit Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tomocredit.com\/blog\/genz-will-spend-50-on-a-cup-but-wont-pay-off-their-high-apr-credit-cards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GenZ will spend $50 on a cup, but won\u2019t pay off their high APR credit cards - TomoCredit Blog\" \/>\n<meta property=\"og:description\" content=\"Many of you may have heard of the infamous \u201cStanley Cup\/Tumbler\u201d trending all over TikTok. 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