Aspiration is creating the first card that makes you feel good about using it. Credit card corporations wield considerable power over consumers, and it is important to be socially responsible when choosing one. The average person has at least five credit cards in their wallet. If you're a socially conscious consumer, then you've likely been frustrated by the lack of options when it comes to credit card companies.  It seems like every company offers rewards programs that are exclusively for big spenders while charging high interest rates and outrageous fees for those who don't have enough money to make them happy. But there is hope! In this article, we'll explore some different types of cards on the market today and how they stack up in terms of being "socially responsible."

Types of Credit Cards

There are many different types of credit cards and they all have their own benefits and drawbacks. The best card for you depends on your financial goals and habits. In general, there are four main types of cards: cash back cards, travel rewards cards, co-branded credit cards, and store-branded credit cards Cashback cards: Cashback cards offer cash rewards for purchases. You can earn cash back on everyday expenses like groceries and gas, as well as special promotions during specific months of the year (like holiday shopping).  Some companies also give bonus points for online spending to incentivize people who shop exclusively online. The cashback rate is often a percentage of the total you spend, but sometimes it's a flat rate. The cash reward comes in the form of a check or statement credit that can be redeemed anytime. Travel rewards cards: Travel rewards cards are similar to cash back reward cards in that they offer points for every dollar spent and allow cardholders to use those points for travel expenses.  However, the points are generally worth more with a travel rewards card because you can use them on any airline or hotel without having to worry about blackout dates and limited availability. Travel cards also come in handy during emergencies when your credit card won't work at an ATM (or anywhere else).  Co-branded cards: These types of cards are offered by a specific company and can only be used at that company's locations or websites. They often come with very high interest rates, so it is best to use them as a last resort if you have no other option available. Store-branded credit cards: These types of cards tend to offer better rewards on the companies' products than cash back cards. They are usually offered by larger retail stores like Walmart, Target, Lowes, and Home Depot. Some store-branded credit cards also offer 0% financing on purchases for a certain period (up to 24 months), which can be an incentive if you're looking to buy big-ticket items. Rewards programs have become a big market in the past decade with many popular companies offering points that can be redeemed for gift cards, travel discounts, and other perks. But are these rewards really worth it?

The risks of traditional credit card rewards programs

Rewards programs are appealing to people who have good credit because they can earn points that eventually turn into rewards. However, these awards can cause more harm than good for people who are trying to build credit. Many cards offer rewards programs, but these often come with high interest rates and annual fees that can quickly offset the value of any points you earn. It's important to remember how these companies make money: by charging interest on your purchases. You may think that you're getting free stuff, but you are actually paying for it with high interest rates and annual fees (if they even offer them).  People often start by spending close to the amount of their credit limit in order to receive reward points, but then end up having a balance at the end of the month. This is how credit card companies make money, and why rewards programs are not always a good idea for people who are trying to build or maintain their credit score. Rewards points may seem like free prizes that you can get just by spending your hard-earned dollars on essentials like groceries and gas, but in reality, they often come with a much higher cost.

What is a socially responsible credit card?

The main issue with traditional credit card rewards programs is that they encourage people to spend more than what they can afford and rack up additional debt in the process. Therefore, a socially responsible credit card should help consumers limit their spending and avoid accumulating extra charges on top of high interest rates. Many companies offer cash back cards as well as travel reward cards that allow cardholders to redeem their points for gift cards or discounts on certain products. These programs can be attractive because you're getting something back, but they often have high interest rates and annual fees that offset any financial value you get out of the rewards program. A more socially responsible credit card would offer benefits like environmentally conscious financing, where you can get a lower interest rate in exchange for using your money to support green energy. These types of cards have lower interest rates and fewer fees, so you won't spend as much on extra charges that offset the value of your rewards. Socially responsible credit cards are becoming increasingly popular because consumers want to support companies that share the same values and principles concerning capitalism. Many people care about whether or not their money is going towards clean energy initiatives, environmental protection programs, and other socially responsible causes.

The benefits of a socially responsible credit card

There are many advantages to having a socially responsible credit card that can help you save money in the long term. This type of card would have low interest rates, no annual fee, and could even be used for things like building your credit score.

Offers great interest rates

The main benefit of a socially responsible card would be that it encourages people to only spend what they can afford without accumulating additional charges on top of high interest rates.

Helps you build or maintain your credit score

One of the main reasons why someone might choose a credit card with a rewards program over one that doesn't offer any rewards is because they want to build or maintain their credit score. This card would help these people do just that, and it would also have low interest rates and no annual fee so you wouldn't lose out on money if you paid off your balance every month. This type of socially responsible credit card could be a great alternative for those who would like to earn rewards for their purchases without paying too high of a cost in the end.

Offers rewards for enviro-conscious spending

One of the most socially responsible cards would offer rewards for enviro-conscious spending. This means you could use your money to finance green energy and receive a lower interest rate in return, which is better than getting nothing back when using other types of credit cards with reward programs.

Disadvantages of socially responsible credit Cards

Socially responsible credit cards are a great option for people who want to use their money responsibly. These types of cards have many pros and some cons that are worth considering if you're looking for more options in the world of finance. Cons:

• Just because a credit card is labeled as socially responsible doesn't mean it will be good for everyone. There are likely some pros and cons associated with every type, so read the fine print before signing up.
• Socially responsible cards usually have smaller sign-up bonuses than other types, so this could be a factor to consider if it's important for you to have a high rewards rate.

Aspiration, a Rewards Program with Social Impact

If you are someone who wants to have an impact on the world around you through your spending habits, Aspiration has great options for socially responsible banking that will be able to help you do just that. Socially responsible credit cards are becoming more popular as consumers become aware of companies that support the same values and principles. People who use a credit card with rewards for green initiatives can build or maintain their credit score, while also saving money in interest charges. Your spending habits can make a difference, Aspiration wants to help you do good with your purchases while still getting great value. The Aspiration Zero credit card is a new and innovative way to encourage cardholders to make more eco-conscious decisions.  With this card, you can earn points for purchasing environmentally friendly products or offset your carbon footprint by participating in green activities like driving less or donating to an environmental charity. If you’re interested in making the world a better place while also earning rewards for doing so, check out Aspiration Zero today!

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Travel more. Spend less. The best international debit card options in 2021 Not all debit cards are created equal, and that's especially true when it comes to traveling outside of the United States.  International debit cards can save you money while traveling abroad by eliminating the need for currency exchange fees. But with so many options out there, how do you know which card is right for your needs?  In this guide, we'll highlight some of the best international debit cards on the market today, highlighting their pros and cons to help you find one that suits your specific needs!

What makes a great international card? 

There are several things to consider when selecting an international debit card, but the two most important aspects of any travel-related purchase are safety and efficiency.  When it comes to deciding which is best for you, think about how much cash access you need while on your trip. If all you're doing is withdrawing cash from ATMs along your route, consider an ATM card instead. If you're planning to use your debit card for all of your purchases while traveling abroad, keep reading!

What are the five best international debit cards? 

When it comes to selecting an international debit card, there are many options available. Some of our favorites are listed below: 

Schwab High Yield Investor Checking Account

The Charles Schwab High Yield Investor Checking Account is a fantastic choice for those who need quick access to cash anywhere in the world.  It's a free account with unlimited ATM withdrawals and no currency exchange costs, making it one of our top international debit card choices.

• Service Fee: $0 
• Foreign Transaction Fee: 0% 
• Sign-Up Bonus: No
• ATM fee: $0.03 
• International fees: 0% 
• Our Rating: 4.6/5

The pros: The Charles Schwab Investor Checking Account is an excellent choice for those who need quick access to cash while traveling abroad. It's also one of the few debit cards that allow for unlimited ATM withdrawals, making it considerably easier to keep track of your spending when traveling. The cons: This debit card doesn't come with a sign-up bonus, which is its biggest downfall.  If you're looking to explore more than just Europe, consider applying for both the Charles Schwab Investor Checking account and the Charles Schwab Bank International debit card.  This will give you access to your US dollars, Euros, British Pounds, Japanese Yen, Australian Dollars, and Canadian Dollars from any ATM around the world without incurring a single currency exchange fee.

HSBC Premier Platinum Debit Card

The HSBC Premier Platinum debit card is an excellent option for those who want to earn cashback on all of their purchases. It comes with a high interest rate, offers unlimited ATM withdrawals, and earns you up to 0.35% cashback depending on your spending habits!

• Service Fee: $75/year  
• Foreign Transaction Fee: 0% 
• Sign-Up Bonus: No 
• ATM fee: $0.00 or $0.50 in some countries, depending on the ATM operator 
• International fees: 0% 
• Our Rating: 4/5

The pros: Because this debit card gives a high-interest rate on rewards, it is ideal for people who plan to make several purchases throughout their travel. It also has no annual fee or foreign transaction fees, and it is one of the few cards that does not impose ATM withdrawal fees when used at an HSBC bank in Europe! The cons: It doesn't come with a sign-up bonus, and the interest rate isn't as high as most cashback cards.  Although the HSBC Premier Platinum debit card can be used to withdraw up to $700 per day at any HSBC ATM around Europe without incurring an additional fee, it's important to note that there are some countries in which HSBC doesn't have any ATMs at all.

Capital One 360 debit card

The Capital One 360 debit card is an excellent choice for those who want a low-fee account with no minimums. The standard monthly fee of $0 and the lack of foreign transaction fees make it one of our top recommendations for international debit cards.

• Service Fee: $0/month 
• Foreign Transaction Fee: 0% 
• Sign-Up Bonus: No
• ATM fee: None when using an ATM located in the US. When outside, there is a maximum withdrawal amount ($400) after which Capital One will charge either $0.50 or $20, depending on the ATM operator 
• International fees: 0% 
• Our Rating: 4.2/5

The pros: Because there are no minimums and no monthly fees, the Capital One 360 checking account is one of our top suggestions for people looking for a low-fee account with no strings attached. The cons: There is no sign-up bonus with this card, and the ATM withdrawal fee is high if you withdraw more than $400 from an ATM outside the United States.  Capital One also has a terrific cashback program that allows you to earn up to 2% back on all debit card purchases. The Capital One 360 debit card is a terrific choice for saving money on purchases while traveling overseas! Fidelity Cash Management Account  A Fidelity Cash Management Account is an excellent choice for those looking for a low-maintenance account. There are no monthly fees or minimums, making it one of the most affordable options on this list!

• Service Fee: $0/month 
• Foreign Transaction Fee: 0% 
• Sign-Up Bonus: No
• ATM fee: $0.00 or $20, depending on the ATM operator 
• International fees: None! (Fidelity will refund all transaction fees up to $12 per month)

*Please note that only US citizens can apply for a Fidelity Cash Management Account.

• Our Rating: 4.4/5

The Pros: With no monthly fees and a modest $20 ATM withdrawal fee, the Fidelity cash management account is one of our top picks for anyone looking to save money on foreign debit card usage while traveling abroad. Furthermore, there are no foreign transaction costs, and Fidelity will refund any ATM fees for domestic transactions! The Cons: This account doesn't come with a sign-up bonus, and those who aren't US citizens won't be able to apply.  If you're looking to earn cashback on your purchases while traveling abroad, we recommend opening up a checking account with a bank that offers a high-interest cashback program!

Prepaid debit card

For those who aren't looking for any cash access or ATM withdrawals during their trip, it might be worth enrolling in a prepaid travel card instead.  This will allow you to lock in the exchange rate before your trip, which will save you from any unfavorable fluctuations. In addition to that, a prepaid debit card comes with plenty of other benefits: 

• No monthly fee: A prepaid travel card doesn't charge a monthly fee as most international bank accounts do. This makes it one of our top recommendations for those on a budget!
• No background check: International bank accounts and regular debit cards require a background check before you're able to open an account. With prepaid travel cards, however, there is no background check needed.
• Safer than cash: Traveling with large amounts of money isn't always the safest option. A prepaid travel card comes in handy as theft protection against lost or stolen cards.
• No need to plan ahead: Since a prepaid travel card is pre-loaded with foreign currency, you don't have to worry about having the right amount of cash on hand at all times while traveling abroad.

Which countries can I use a prepaid debit card in? 

The great thing about most prepaid debit cards is that they're accepted worldwide. You can use them in whichever country you visit! However, before applying for a card, you should do your homework. Some prepaid debit cards don't cover specific nations or regions within a country, so be sure to read the fine print before you commit!

What are some common fees associated with using a prepaid debit card? 

Like most bank accounts, there are a few fees that come with using a prepaid debit card. While these vary from one issuer to the next, here's an overview of some common fees associated with travel cards: 

• Transaction fee: It's common to pay a transaction fee with prepaid debit cards — especially those issued by banks outside of your home country. This is typically around $0.50 per purchase made abroad.
• Loading fee: Prepaid travel cards usually come with a loading fee, which is paid every time you add money to your card. This means that if you plan on using the same prepaid debit card for an extended period while traveling abroad, it's best to load up the card before leaving.
• Withdrawal fee: Most prepaid debit cards have a withdrawal fee, which is usually around $0.50-$0.75 per ATM transaction. However, some banks do waive this fee for their own ATMs — so check with your issuer and bank location before using an ATM!

Prepaid travel cards might be beneficial to anyone who wants to save money on international transactions while going overseas.  They are, however, not the ideal option for everyone! Before applying, make sure you understand all of the expenses associated with these cards so you don't end up paying extra fees on your trip.

Meet Aspiration Zero, an international credit card with a conscience

One of the many perks your Aspiration Zero credit card offers is a carbon offset program.  When you purchase an item with your credit card, Aspiration will help fund projects that have been verified as being environmentally friendly and beneficial to society. You’ll also be earning points for every dollar spent which can then be redeemed for rewards like gift cards or travel packages at hotels around the world. High interest The best part? There are no limits on how much you earn so there’s plenty of opportunities to customize this reward strategy based on what matters most to you!  Interested in Aspiration Zero? Apply now to get started today!

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If you want to get a higher credit card limit, start by making your case directly to Capital One. Capital One is one of the most popular credit card companies in the United States.  Millions of people have Capital One credit cards, and thousands more apply each year. Have you ever found yourself in a situation where your credit limit wasn't enough? If so, don’t worry––this guide will explain how to successfully increase your credit limit on your Capital One credit card. 

Understanding your credit limit 

The first step is to understand what your credit limit means.  Your current credit line is the maximum amount of money you can spend on your card, excluding any purchases made with your cash advance or balance transfers. The "credit utilization" ratio refers to the total amount of money owed on all of your Capital One credit cards. A lower credit limit, such as $500, can be problematic because it can push your debt-to-credit percentage above 30%. As a result, your credit score could suffer. When you understand how your credit limit benefits you, you will be able to understand:

• The importance of maintaining a good credit score
• How to maintain a good credit score
• The importance of keeping track of your balance and paying it off in full each month
• Methods for improving your credit score, such as paying off any outstanding debts.
• Tips for increasing the size of your savings account, which will help you avoid having to take out loans in the future.
• Understanding types of accounts that can be opened with various institutions or banks.
• Finding ways to save money on daily expenses such as groceries and utilities.

Before you request a credit increase

Use your card responsibly

Before requesting an increase in your credit limit, make sure you're using your Capital One credit card responsibly. Making on-time monthly payments and never carrying a balance is always preferable! This means you'd need to make at least 12 months of on-time payments on your current cards before they'd consider raising your credit limit. If it's been at least a year since you requested a credit raise, there's no need to be concerned. Also, don't apply for too many other credit cards. Applying for too many other credit cards will almost certainly jeopardize your chances of receiving a higher credit limit. This is because lenders will interpret this as you taking on more debt, and they will be less likely to approve your request. Simple steps you can take to ensure you're using your card responsibly include:

• Paying off your credit card in full every month
• Maintaining a record of your spending habits and adhering to a budget
• Using cash for small purchases, so you're not tempted to buy more than you need
• Avoiding signing up for store credit cards unless there are benefits that will save you money
• Checking your credit score before applying for any loans or other financial products 
• Reviewing the terms and conditions of all contracts before signing them

Keep track of your spending habits 

If you want to increase your credit limit, you should keep track of how much money is going out (how much you are spending).  You should make sure that the amount of money you’re spending on minimum payments does not exceed 30% of your monthly income. If this occurs, Capital One will likely reject your request to increase your credit limit. In other words, make sure that you are spending no more than 30% of your monthly income on minimum payments. This means, for example, if your salary is $4000 per month, make sure not to spend more than $1200 each month. 

Plan to pay off the balances on time and in full every month

One of the most important things to do before making any kind of request for a credit increase is to have a solid game plan in place for paying down those existing credit balances within 30 days or less.  If Capital One determines that you are unable to pay off your balances on time, the request will likely be denied. Capital One advises paying off more than the minimum monthly payment. For example, if your balance is $1500 and your monthly credit card payment is only $50, you should pay more than this amount regularly to prevent accruing more debt that could risk any future requests for an increase in your credit limit.

Request a credit increase for a valid reason

If you want to increase your credit limit, make sure it's for a genuine need and not just for the sake of having more money. If Capital One suspects this is the case, your request may be denied. Valid reasons for requesting a credit limit increase include the following:

• You've been a customer for a long time.
• There is no outstanding balance on the account.
• You have an excellent credit history with the organization.
• Your income has significantly increased in recent months, or you need to purchase something expensive shortly (examples include buying your first home, paying for medical expenses)
• You want to consolidate other debt onto this card since the terms are better than the terms on your other cards.

Consider all of your financial obligations

One of the most important things to consider before increasing your credit limit is how much debt you have currently.  Capital One recommends that if a consumer is going to request an increase in their credit line, they should first ensure that all other bills are being paid on time and within 30 days or less. This means checking car loans, mortgage payments, and any other bills you have.

Credit bureaus affect your approval rate 

Knowing that there is a mathematical algorithm used by all three major credit bureaus to determine your credit score (Equifax, Experian & TransUnion) makes it clear why you need to make sure that you're keeping up with responsible spending.   To determine your risk factor for payment default, this algorithm considers factors such as how much you owe, how frequently bills are paid on time, and what types of new credit have been opened recently. For example, if all three bureaus show that you've had a late or missed payment on your credit cards, getting a higher limit will be much more difficult. This is significant because it emphasizes the importance of paying off your credit card balances on time and in full each month. Repayment history accounts for 35% of the FICO score calculation. This is yet another reason why you must make all of your monthly payments on time, whether for car loans or student loans.

Keep the balance below 50% of your credit limit

Carrying balances that are less than 50% of your available credit is ideal if you want to get the most bang for your buck when it comes to increasing your credit limit.  If Capital One determines that this is not the case and that all they see are high balances due in 30 days or less, they will find it much more difficult to approve a credit increase.

Make sure your credit score is high enough

If your credit score is less than 700, the chances of Capital One approving an increase are slim. Before they consider giving you access to even more money than you already have, you'll need to have a solid track record with them. Having a credit score that is higher than the average tells Capital One:

• You have a track record of paying your bills on time. 
• You are financially responsible and can be relied upon to borrow money responsibly.
• You understand how to save money and make sound financial decisions.
• You're more likely to pay off your debts on time. 

How long does it take to process requests?

Capital One typically responds with an answer immediately after submitting the request. However, for other people, the process can be much faster. It all depends on how diligent you've been with your repayment and whether you're requesting an increase due to a genuine need.

Contact Capital One 

If you've been a good customer and have kept up with your payments in full and on time, then there's nothing wrong with asking for a credit increase. It never hurts to ask! This is how many people can successfully get their credit limit increased. If you need more credit but don't want to take out a loan or pay for things up front, then this can be a great way of doing it.

Building great credit is easy (and eco-friendly) with Aspiration

Building and maintaining good credit is crucial for your financial health. The truth is, it’s not that hard to do!  With the Aspiration Zero carbon-neutral credit card, you can build great credit just by going carbon neutral. All you have to do is be mindful of your spending habits and use your card responsibly.  We want our members to feel confident in their ability to manage their finances so we provide a plethora of articles on topics like budgeting and money management which will help get you started with building better habits around managing money.  Interested in Aspiration Zero? Apply now to get started today!

Earn points toward free travel, gift cards, and more with a credit card rewards program. Which one would be best for you?

Credit card rewards programs can be a great way to earn money back on credit card purchases, but they vary in the level of rewards and the requirements for earning them.  We've compiled a list of credit cards with credit card rewards programs that will suit any credit card holder's needs. Read on to learn more about each credit card's reward program!

Types of credit card rewards programs

There are credit card rewards programs that offer cash back, points for travel or other purchases, airline miles, and hotel credit. Here are some of the more popular credit card reward offers:

Cash Back

Cashback credit cards typically provide between one percent and five percent cash back on all purchases, depending on the type of credit card you have.  Cashback is received in the form of a statement credit or checks sent to your billing address after several weeks or months. 

Points for Travel/Flight Miles

If you love to travel, flight miles might be more your speed.  Flight miles centered credit cards usually provide between one and two airline miles for each dollar spent, but only with the use of a co-branded partner program (for example, you can earn United Airlines Miles if you have a Capital One Venture Card).

Hotel Reward Points

If hotels are your thing, hotel rewards cards may be the credit card for you. Hotel rewards cards usually provide between five and ten hotel points for every dollar spent at their partner hotels. 

Specialty Rewards Points

Finally, specialty rewards cards offer points in exchange for purchases at specific retailers or specific causes (for example, zero-waste living or eco-friendly purchases). 

The 5 most profitable credit card rewards programs of 2021

Our favorite card for frequent flyers

The Chase Sapphire Preferred Card can be a great option if you’re looking to gain points for travel-related spending.  Annual Fee: $95 Rewards Rate: You can earn five times the points on travel and dining purchases, two times the points at gas stations, and one point for every dollar spent elsewhere. Introductory Offer: 100k points when you spend $4k within 90 days of opening an account, which can be redeemed for $1250 in travel statement credits or transferred 1:1 to your airline frequent flyer account. Recommended Credit Score: 720+ Our Rating: 4.5/5 The Pros 

• No foreign transaction fees
• The $95 yearly fee is waived the first year during seasonal promotions
• Points can be transferred to partner airline programs. 

The Cons 

• Very hard to get approved if you don't have a long, excellent credit history 
• High APR of 15.99%–22.99%
• The sign-up bonus is only available when you spend $4000 in three months.

This credit card offers high cashback rates at restaurants and hotels, along with 2X points on all other purchases. The best credit card for travel, the Chase Sapphire Preferred card has a sign-up bonus of 100,000 points after spending $4000 within the first three months.

Our favorite card for newbie travelers

The Capital One Venture Rewards Credit Card could be a great choice for the keen traveler looking for a card to introduce them to airmiles and travel perks.  Annual Fee: $95 Rewards Rate: Two miles per dollar spent. Miles can be redeemed for travel purchases, including airfare and hotels (you still have to pay taxes on these transactions), or used as credit towards Capital One Venture's purchase protection service that protects your new purchases against accidental damage or theft for up to 120 days. Introductory Offer: 60,000 points when you spend $3000 within 90 days of opening an account. Recommended Credit Score: 700+ Our Rating: 4.2/5 The Pros 

• High rewards rates on travel purchases and no foreign transaction fees. 
• You can redeem your miles for travel or use them as a credit against Venture's purchase protection plan. 
• Good introductory APRs on balance transfers and purchases of 0% APR for 12 months.

The Cons 

• Points can be only used for travel
• Only available for people with excellent credit scores (700+).
• You have to pay taxes on travel purchases when you redeem miles, which can be costly depending on where you're going and how many miles are required for your ticket.  

This card is perfect if you're new to flight miles and not sure how to use your miles. The Capital One Venture card offers a good introductory APR on purchases and balance transfers, as well as double-miles for all travel-related transactions (including taxes).  The sign-up bonus is 50k miles when you spend $3000 within 90 days of opening an account––enough for a round-trip flight to Europe or Asia (depending on where you are departing from)!

Our favorite card for cashback rewards

The Chase Freedom Unlimited can be a solid card choice for those looking to prioritize cashback on everyday purchases.  Annual Fee: $0  Rewards Rate: The cashback rewards programs that the Chase Freedom Unlimited card offers are pretty impressive. You earn one 5% cashback on travel, 3% cashback on dining, 3% cashback on all drugstore purchases, and 1.5% cashback on all other purchases.  Introductory Offer: 15k sign-up bonus when you spend $500 within 90 days of opening an account. Recommended Credit Score: 690+ Our Rating: 4.7/5  The Pros 

• No introductory APR on balance transfers or purchases, and an annual fee of $0 
• You can redeem your points in a variety of ways including gift cards from Amazon
• Points don't expire as long as your account is in good standing.

The Cons 

• You don't get any travel benefits like reimbursement of baggage fees or airport lounge access with this card.
• The sign-up bonus is only available when you spend $500 within 90 days of opening an account.
• If your credit isn't quite up to snuff, either because your score doesn't meet the recommended minimum or because you just don't have a long enough history with credit cards, then this card might not be for you. 

This card is perfect for people who want to earn cashback without having to keep track of categories or caps. By far our favorite cashback credit card, the Chase Freedom Unlimited offers a great introductory APR on purchases and balance transfers. A great choice if you want to maximize your cashback rewards.

Our favorite card for everyday purchases

The Amex EveryDay Credit Card offers great point bonuses on everyday spending.  Annual Fee: $0 Rewards Rate: The Amex EveryDay card offers two points for every dollar spent on supermarket purchases including grocery stores and one point for all other purchases. You can get a 20% bonus on your points if you make 30 or more purchases per billing cycle. Introductory Offer: 10,000 points when you spend $1000 within 90 days of opening an account. Recommended Credit Score: 670+  Our Rating: Our Rating: 4.2/5  The Pros 

• No introductory APR on balance transfers or purchases for 15 months.
• No annual fee
• An average recommend credit score 

The Cons 

• Rewards can only be redeemed for statement credits, and points expire after 12 months of account inactivity.
• The sign-up bonus is only available when you spend $1000 within 90 days of opening an account. 

This credit card is a great introductory card for those that don't have a long credit history. It has no annual fee and an introductory APR on purchases for 15 months, which can help you get out of debt faster if you're trying to pay down existing balances from other cards.  Plus the rewards program is great––double points at supermarkets mean that with each purchase where you use your card, not only do you get your regular amount in points but then another 20% on top of that. There's no limit to the number of points you can earn and redeeming them is easy!

Our favorite card for low interest

The BankAmericard® Credit Card not only boasts no annual fee but it has an enticing introductory low interest offer.   Annual Fee: $0  Rewards Rate: The BankAmericard credit card offers rewards points that can be redeemed as a statement credit for any purchase you make with the card. Introductory Offer: No introductory APR on balance transfers or purchases for the first 18 months. Recommended Credit Score: 670+  Our Rating: Our Rating: 4/5 The Pros 

• No annual fee to use this card. 
• No interest charge when you pay your bill in full each month. You'll enjoy no interest on purchases if you do choose to carry a balance for the first year. 

The Cons 

• Rewards Points cannot be redeemed for cash and don't expire as long as your account is open and in good standing. 
• Points can only be used to pay down the balance of your credit card 

This card is perfect for anyone that wants to maximize their savings without having to pay an annual fee. Plus it has a great interest rate and rewards program so if you're looking for the lowest APR on purchases, this is one of our favorites! 

Our favorite eco-friendly credit card

The Aspiration Zero can be a great option if you’re looking for rewards for yourself and for the planet.   Annual Fee: N/A Rewards Rate: Up to 1% cashback on every purchase. Introductory Offer: With the Aspiration Zero card, Aspiration plants a tree every time you make a purchase and has a rewards program that lets you plant a tree too!  Recommended Credit Score: 700+ Our Rating: 4.7/5 The Pros 

• Plant a tree with every purchase
• Reduce your carbon footprint
• The app lets you track your process in becoming carbon neutral
• Help fight climate change

The Cons 

• The card is still new, so it may take time to build up a comprehensive rewards program 

This card has a great rewards introductory program––you earn up to one percent on every purchase! Plus with the Aspiration Zero card, Aspiration plants a tree every time you make a purchase.  That means if you use this credit card for all of your day-to-day purchases like groceries or gas, not only are you earning rewards but also helping to fight climate change. This card is perfect for our eco-friendly friends.

Ready to get started with your new card?

All of these reward programs can be great options, but when it comes down to it, there is no one credit card reward program that is better than all of the others.  While they can be great for people who travel often or those interested in eco-friendly purchases, it's important to take into consideration what type of purchases you usually make with your credit card, to get the maximum benefit.  Interested in Aspiration Zero? Apply now to get started today!

Have you ever been enticed by credit card offers that offer cashback incentives or 0% APR?  These credit cards seem like a great deal, but what we told you there were credit card companies out there who not only promise money back and no interest rates, but also invest in a more sustainable planet?  In this article, we’ll talk about credit card offers, how to find an eco-friendly credit card, and some of the top cards on the market.

What are credit card rewards?

A credit card reward is an incentive or benefit that credit card companies give to their customers to promote their business.  The incentives are offered to you when you choose a credit card with perks and benefits, which can include cashback rewards, 0% APR on purchases, frequent flyer miles, hotel points, and more. It may seem like credit cards are doing you a favor, but credit card companies are often the ones really getting rewarded.

How credit card offers and rewards benefit credit card companies

Credit card rewards help attract new customers and can increase the lifetime value of a customer.  The longer you stay with a credit card company, the more interest you pay on your balance. The dangers of credit card rewards are that they entice you to spend more than you might be able to afford and can cause you to buy things you do not need. This causes many people to plunge into debt and not be able to pay their credit card bills on time, hence the incurring of interest rates.

What kinds of credit card rewards can you get?

Flight miles: A credit card offer that allows you the chance to earn flight miles and travel for free. They can be a great way to rack up enough rewards points before you take your next trip, but this credit card perk isn't as green as it may seem at first glance.  Cashback: A credit card offer that provides you with cashback on all your credit card purchases, which can be a great way to save money. The credit card company takes some of the profit you would have made and offers it back as cashback rewards for users who shop at their business partners.  *Note: These business partners may not be the most eco-friendly choices. 0% APR: A credit card offer that provides consumers with 0% APR on all their purchases and balance transfers. This is a great way to avoid paying interest charges, and for credit card users to invest in themselves, but it is worth bearing in mind that the 0% APR usually only lasts for a limited time.  Reward Points: A credit card that offers users reward points for shopping at different retailers. These kinds of credit card offers are great for consumers who enjoy shopping at a variety of places and can be especially beneficial for people looking to save money on gas since they get reward points for filling up their tanks.  Other incentives: Other credit card offers include hotel reward programs, online savings, and more. Even though these credit cards may not be as environmentally friendly as companies would like to think they are, they may provide people with incentives that can help the consumer invest in a more sustainable planet.  Examples include: 

• The American Express Blue Cash Preferred Card - This credit card provides you with cashback bonus offers and 0% APR for the first 12 months. It also boasts a 6% bonus cash rewards for U.S. supermarket purchases, 3% cash rewards on transit commuting, and unlimited 3% cashback on gas purchases.

• The Chase Freedom Unlimited credit card - This credit card provides you with a $150 sign-up bonus cash rewards offer after you use your new card to make $500 in purchases within the first three months. It also offers 0% APR for 15 months on purchases, as well as no annual fee which is great for consumers looking to save money without having to worry about hidden fees.

• The Citi Double Cash Card - This credit card provides you with unlimited cashback rewards of up to one percent on all purchases, while also boasting no annual fee and 0% APR for 18 months on balance transfers made within the first four months. The only downside is that it doesn't offer a sign-up bonus or any other incentives.

While these can be great offers, there are more sustainable financing options out there–let’s take a look. 

Get the Aspiration Zero credit card! Plant trees with every swipe, earn rewards.

 

 

What makes a credit card sustainable?

Every credit card company has different ideas about what it means to be sustainable. Some credit card companies may use recycled plastic credit cards while others may use eco-friendly credit cards.  The credit cards may have built-in incentives that are eco-friendly, but it is up to the consumer to decide if their company practices are sustainable. The most common ways these credit cards are sustainable is through their: 

• Materials: Credit card companies may offer sustainable materials to credit card users such as recycled plastics or biodegradable plastic. 
• Rewards: Some credit cards have eco-friendly incentives built into their rewards programs like reward points for renewable energy incentives or organic products.
• Energy consumption: How much energy does the company use, and from what sources? Using renewable energy sources and aiming to reduce or offset their carbon footprint can be signs of sustainability in a business. 

• Eco-friendly business practices: How much effort is put into eco-friendly business practices that benefit communities, consumers, and employees?

• Influence on consumer behavior: Does the business have a desire to positively impact the planet? Are their ethics influencing the way they operate their business? 

These incentives can help people invest in sustainable living, but it does not stop at the incentive program and how much energy is consumed by their business practices. The most important way for these companies to be sustainable is to use sustainable practices in their business processes, too. These are just some of the questions that you might want to be asking yourself when deciding which credit cards to use, especially if sustainability is a priority for you. You might also want to consider the following questions:

How does the company's behavior impact the environment? 

Every credit card company has different impacts on its environment and they may or may not be environmentally friendly.  When it comes to consumer eco-friendly cards, companies can control what materials they are buying for their products, where they source these products from, and what incentives they use for their business.

What makes a credit card green?  

Every credit card company has different ideas about what it means to be green.  Some companies may use recycled plastic or biodegradable plastics for their cards while others are not concerned with the environmental impact of producing new materials. These cards may have built-in incentives that are environmentally friendly, but it is up to the consumer to decide if these actions make the company green.

Credit cards that offer eco-rewards

There are credit card companies out there who not only promise mainstream credit card rewards, they also invest in renewable energy projects and other sustainable practices.  We’ve pulled together the top sustainable credit card offers available in 2021 to give you extra-sustainable spending power. 

Aspiration Zero

As a carbon-conscious individual looking for ways to make the world better and greener, you might be looking for an alternative financial solution to fossil-fuel investing by big banks.  The neobank Aspiration is committed not just in word but through its actions–they don't invest in any fossil fuel projects or other businesses that contribute to the destruction of our planet.   For each swipe of their Aspiration Zero credit card Aspiration will plant a tree on your behalf, in addition to giving you the chance to plant a second tree by rounding up your purchase.  Not only that, but Aspiration helps you work towards carbon neutrality through its easy-to-use app that tracks the carbon footprint of your purchases–even rewarding you in the months you hit carbon neutral.  One credit card–zero footprint. As the most sustainable card on our list, the Aspiration Zero could be a great choice for everyday spending that rewards both you and the planet. 

The Green America Credit Card

The Green America credit card is a great way to give back and support our environment.  The TCM Bank Visa has all of the benefits that you would expect from any other bank in addition to actively supporting green businesses. By directing some money each month toward using The Green America Credit Card, you are not only helping the environment but local businesses as well.

Amalgamated Bank Credit Card

Amalgamated prides itself on being one of the pioneering socially responsible financial institutions in America.  It’s unionized, which means that it not only practices sustainability but also promotes partnerships and unity for better economic equity, while combating inequality from within its company, as well.  Furthermore, Amalgamated emphasizes environmentalism by using 100% renewable energy sources. Amalgamated’s bank credit card boasts no annual fee and an introductory 0% APR offer lasting 12 months. 

Interested in a credit card that reduces your carbon footprint? Meet Aspiration Zero

If you’re looking for a credit card that can help your purchases stay within the bounds of sustainability, we recommend the Aspiration Zero carbon credit card.   This is one of the few cards in existence that rewards you with points for going carbon neutral and offsetting your footprint. Not only does this offer give you extra sustainable spending power, but it also provides peace of mind knowing that every purchase has been made responsibly. Interested? Apply now to get started today!

Pixabay, Republica Cashback credit cards can be a great deal–they enable you to earn money back on purchases that you were going to make anyway. But with so many different cashback card options on the market today, finding the right one for you can be tough. We’ve put together this article to make it easier for you. Keep reading to find our list of the best cashback credit cards of 2021.

How do cashback credit cards work?

Cashback credit cards are pretty simple–you make purchases with them and get rewarded for doing so in the form of cash. The amount you get is a percentage of the purchases that you make. For example, if a card offers 2% cashback and you spend $100, you would make $2. These cards give you the chance to earn money by making purchases that you would already be making.  Some cashback cards, such as the Aspiration Zero, go one step further by offering cashback in addition to environmental benefits, such as planting trees. 

Unlimited cashback vs. limited cashback programs

If you have the option to choose between unlimited cashback and limited cashback, unlimited may be the better choice. Limited cashback cards put a cap on the maximum amount of rewards that you can earn in a given period of time. Unlimited cards don’t. So when you choose an unlimited card, you don’t put any limits on the bonus amounts that you can get back.

The 7 best unlimited cashback credit cards of 2021

Wells Fargo Active Cash Card

Cashback rewards rate: 2% Unlimited? Yes Other Rewards/Offers: New enrollees can earn a $200 cash reward by spending at least $1,000 on purchases within the first three months of getting the card. Pros:

• $0 annual fee
• No confusing category restrictions to worry about
• Cash rewards never expire as long as you keep your account open
• 0% APR for the first 15 months

Cons:

• The rewards rate is lower than many specialty cashback cards
• Need a credit score of at least 690 to qualify

The Wells Fargo Active Cash Card is one of the finest cashback credit cards on the market today. What makes it special is how easy it is. Users don’t have to worry about category restrictions or their rewards expiring. They can simply use the card and get cash back on their purchases -- no matter what they are. The downside is that the rewards rate isn’t as high as many specialty cards.

Chase Freedom Unlimited

Cashback rewards rate: 1.5% - 5% Unlimited? Yes Other Rewards/Offers: New users can earn a $200 bonus by spending at least $500 within the first 3 months of account opening. Pros:

• Introductory offer of 5% cashback on up to $12,000 spent on groceries in the first year 
• Earn 5% on Chase travel and 3% on dining and drugstores
• No annual fee
• $0 introductory APR for the first 15 months

Cons:

• 3% foreign transaction fee
• APR goes up to 14.99 - 23.74% after the first 15 months

The Chase Freedom Unlimited card is another great option. It offers opportunities to earn extra cashback on specific purchases and has solid introductory offers for new users. The biggest downside is its 3% foreign transaction fee, which means you won’t want to use it abroad. It’s also worth mentioning that your APR will increase dramatically after your introductory 15 months are complete. But, keep in mind as you’re reading through these, this is true of every cashback card with a low APR introductory offer.

Citi Double Cash Card

Cashback rewards rate: 1-2% Unlimited? Yes Other Rewards/Offers: N/A Pros:

• Rewards available for all purchases
• 0% APR for 18 months
• $0 annual fee
• Earn 1% on purchases and another 1% when you pay it back

Cons:

• No introductory reward offers
• Must pay at least the minimum amount on time every month to earn rewards during that time

The Citi Double Cash Card stands out by providing a unique way to earn cashback. Users get 1% when they make a purchase and another 1% when they pay it off. It’s also really simple, you don’t have to worry about categories or product restrictions. The downside is that there are no introductory cash reward offers with this card.

Citi Custom Cash Card

Cashback rewards rate: 1-5% Unlimited? Yes Other Rewards/Offers: $200 introductory offer for spending at least $750 on purchases within the first 3 months of opening the account. Pros:

• $0 annual fee
• Automated rewards (you don’t have to worry about any activations)
• Boosted 5% rewards in your top spending category each billing cycle
• 0% APR for the first 15 months

Cons:

• Boosted 5% rate is capped at $500 monthly spending (meaning the maximum you can earn from it is $25 each month)
• You can only get one Custom Cash Card from Citi per account

The Citi Custom Cash Card is another cashback credit card that should be on your radar. Its best feature is its boosted 5% interest rate for your top spending category each month. The downside is that this higher rate is capped, so you can only get a maximum of $25 back with it each month.

Discover It CashBack

Cashback rewards rate: 1-5% Unlimited? Yes Other Rewards/Offers: Discover will match all of the cashback you’ve earned at the end of your first year with no minimum spending requirements or maximum rewards. Pros:

• Excellent introductory offer
• 5% cashback on up to $1,500 in spending each quarter on certain categories
• $0 annual fee
• Rewards never expire
• Can redeem cashback at any time in any amount

Cons:

• Activating bonus categories to earn 5% can be annoying
• Must wait a full year before getting your introductory bonus

The Discover It CashBack card offers a unique introductory offer that stands out as one of the best in its class. The card also offers up to 5% cashback in the categories you activate. It can just be a hassle to remember to activate these rewards. Another potential annoyance with this option is the fact that you don’t get your bonus right away as you do with other cards. You may end up getting a bigger bonus with this card eventually, you’ll just have to wait a full year to get it.

Capital One SavorOne Cash Rewards Credit Card

Cashback rewards rate: 1-8% Unlimited? Yes Other Rewards/Offers: $200 cash bonus after spending $500 within the first 3 months of account opening Pros:

• High rates on both dining and groceries
• 3% back on streaming and entertainment
• One of the highest top-end rates for a cashback card on the market
• No need to activate anything to earn rewards
• No foreign transaction fees

Cons:

• The highest rates are reserved for very specific purchases
• You may be able to get higher rewards with another card if you spend heavily in a single category

The SavorOne card from Capital One offers great rates on dining, groceries, and entertainment. You also don’t have to worry about activating anything to get these rewards. The downside is, Capital One reserves its highest rates for only very specific purchases.

Chase Freedom Flex

Cashback rewards rate: 1-5% Unlimited? Yes Other Rewards/Offers: $200 bonus for spending $500 in the first 3 months. Pros:

• $0 annual fee
• Rewards as high as 5% in certain categories like groceries
• 0% introductory APR for the first 15 months
• No minimum amount requirements for redeeming cashback rewards

Cons:

• Have to opt into bonus categories each quarter to get the best rates
• Bonus categories shift each month, which means they may not always align with your spending

The Chase Freedom Flex is another solid cashback option. It offers a great introductory bonus and doesn’t require you to earn any minimum amounts to claim your rewards. The downside is, you have to activate bonuses each quarter and the categories change each month.

The best unlimited cashback credit card of 2021 is… Aspiration Zero

If you’re as passionate about the environment as we are, then the Aspiration Zero Card is hands down the finest cashback credit card of 2021. It stands out by rewarding users for going green. Each time that you use the Aspiration Zero, Aspiration will plant a tree and give you the option of planting one too. Additionally, you get rewarded for making progress towards carbon neutrality. You’ll earn maximum rewards every month that you meet your carbon goals, and Aspiration will give you a handy app to track your monthly progress towards those goals.

Does the Aspiration Zero offer unlimited cashback? 

Yes! This is one of the best features of the Aspiration Zero card. Even if you don’t do anything at all, you’ll still get 0.5% cashback whenever you use this credit card. But you can increase your cashback rate to 1% by making more of an effort to combat climate change. If you effectively eliminate your carbon footprint for the month, your purchases in that time frame will earn you 1% cashback. Want to learn more about the Aspiration Zero card? You can do so and take the first steps towards signing up for it by visiting this link today.