Millennials have been accused of disrupting many industries, from newspapers tobrick-and-mortar stores. Credit cards appear to be next inline.

Just one out of three millennials carries plastic, according toa Bankrate.com survey, compared to the majority of older Americans.In addition, a Fed survey found the 18 to 24 demographic preferredto pay cash more than others. And if they do carry a card, it tendsto be of the prepaid or debit variety, TD Bank found.

None of that bodes well for banks like JPMorgan Chase & Co.or payment networks like Visa Inc. and MasterCard Inc., since thefees they earn from debit card transactions are less than thoseearned via credit cards. The 2008 global financial crisis andballooning college tuition may have also scared some millennialsaway.

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