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In Focus

How To Make Money With Credit Cards

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Jarmoluk; Pixabay[/caption] Reward credit cards are a multi-billion a year business, and competition among card issuers is as fierce as can be. Because of this frantic effort to grab your attention, credit card companies try everything in the book to get you to sign up for their card. This means you can take advantage of all kinds of perks when shopping for a new one. If you use the following perks strategically, credit cards can be more than a convenient alternative to spending using cash — they can also make you money. Here are 9 ways to beef up your bank account by using credit cards:

Grab a signup bonus

One of the best ways to make a little cash with a credit card is a signup bonus. Signup bonuses are the rewards you get when you spend a specific amount on purchases during an introductory period, usually three months from the day you open a new credit card account. For example, a signup bonus for a travel credit card might give you 50,000 air miles if you buy $1,000 worth of goods and services in your first three months. Keep in mind that only eligible purchases count towards a signup bonus. For example, card issuers disqualify things like gift cards, money orders, and similar transactions. There are often different bonus periods depending on the company. For example, one credit card company might offer $2,000 if you spend $5,000 or more on purchases during the first three months and another $3,000 if you spend $10,000 during the first six months.

Earn cashback

Credit card companies often offer rewards in the form of points, and most companies let you convert points to cash. For example, earning one point for each dollar you spend on eligible purchases and redeeming 100 points for $1. You might want to think about redeeming points for gift cards because sometimes, the gift cards you get are worth more than the points. For instance, redeeming 2,500 points with a monetary value of $25 and receiving a $30 gift card. Points don’t usually expire if you keep your credit card account open. However, read the fine print when signing up for a rewards card, as sometimes they can expire if you don’t use them within a specified period. Some cards let you send cash rewards to accounts other than your checking account. These include 529 education and brokerage accounts. Others allow you to make charitable contributions using the cash from your points.

The different rate types

Many credit card issuers offer an unlimited cashback flat rate, typically 1 to 2% on every eligible purchase. Another way to get cash back is through a tiered system, like offering two or more rates that vary depending on merchant type. For example, a card might offer 5% back on travel, 3% back on eating at restaurants, and 1% on all other purchases. Sometimes, you’ll only be able to earn the higher rate if you spend a certain amount. There's also a rotating rate system, which offers a higher reward rate on a different merchant type each quarter. This type of system typically caps the cash back you can earn each quarter. There are even credit card issuers that match the cash back you earn in your first year. Other companies offer 2% back on eligible purchases, which is typically 1% when you buy something and another 1% when you pay your balance.

Strategically plan your purchases

Tiered and rotating reward cards offer variable reward rates, depending on the merchant type. One card might offer 5% on travel purchases, while another gives you 3% on the food you buy. By always keeping several cards in your pocketbook, you can use the card offering the best reward for the type of purchase you're planning on making.

Refer friends and family

Some companies allow you to earn bonuses if you refer a new person who the credit company then approves for a card. So, see if anyone you know is interested in a credit card you have — it just might send a few bucks your way.

Try “stoozing”

Stoozing is taking advantage of an introductory interest-free period offered by a credit card company to borrow money for a high-interest investment elsewhere. Here’s how to do it:

Get the right card

For your stoozing strategy to work, you need to sign up for a card that has a 0% introductory annual percentage rate on purchases for 15 months or more. However, to get the best offers, you'll also need a good-to-excellent credit history and score and a credit limit high enough to accommodate your spending habits.

Open a high-yield savings account

Next, you'll need to open a high-yield bank account that pays more than 1.5% interest. Online banks and credit unions often have the highest saving account rates. You might want to consider a savings account with Aspiration, where you can earn up to 5% APR.

Spend using your card

Use your card for all your regular monthly spending, and don't use a debit card or cash unless you need to. Deposit an amount of cash into your savings account equal to the money you spent on your credit card each week.

Make your credit card minimum payment

Every month, make the minimum payment on your credit card balance. However, ensure you pay your credit card bill on time so you don't sacrifice your introductory rate. Set an alert to remind you when your introductory period ends. When it does, use the money in your savings account to make a payment that wipes out your entire credit card balance. Whatever remains in your account is the interest you earned using your stoozing strategy.

Use a shopping portal

A shopping portal is a site that gives you reward points by shopping through them rather than buying stuff at the retailer’s website. This can boost your credit card’s purchasing power, helping to keep more dollars in your pocket. Start by visiting the portal and searching for the retailer you’re planning on buying from. Then, click through to that merchant’s website and make your purchase like you normally would. You can also load the site’s app on your phone and use it to find a store offering the product you want to buy. Determine which portal gives you the most for your money by using a website like Cashback Monitor. This site compares all the various shopping portals to ensure you're always getting the best rewards rates on your online purchases. Having cookies enabled in your browser allows the portals to track your purchases, ensuring you get every point coming to you.

Use a balance transfer to pay down debt

If you need to pay down credit card debt, consider using a balance transfer offer to save money on interest. Cards that allow you to do balance transfers typically offer introductory 0% promotions for a set period, usually between six and 20 months. These offers come with a balance transfer fee ranging from 3 to 5% of the transferred balance. However, the savings often outweigh the cost.

Don't automatically exclude cards with annual fees

As you search for credit cards that can help you make money, you'll likely see many charging annual fees. While yearly fees can erode the value you get from a credit card, you shouldn't always avoid them. Look at the card's rewards program and its other perks to determine how much value you can get from it. For example, mileage rewards cards give you perks like free checked bags and in-flight discounts that can counteract the expense of an annual fee.

Use reward points

Some credit card issuers offer bonuses for merely using your reward points. For example, earning a certain amount of air miles when you cash in your points. You might even receive an annual bonus based on how much you spend.

Get the credit card that helps save the planet

With Aspiration, you'll not only make money if you use our credit card strategically — you'll also help save the planet from the insidious effects of climate change. We plant a tree every time you buy something — and let you round up your purchase if you'd like us to plant an additional tree. By using this card once a day, the trees we plant on your behalf will completely counteract your daily carbon footprint. What’s more, by signing up today you’ll earn $300 by spending $3000 within your first 3 months. This is a fantastic way to make money with a credit card!

ByMake Change Staff

May 15, 2022

Top Myths About Ethical Credit Cards. Can They Really Save You Money?

Electronic Payments, Bank Cards, E-Commerce

When it comes to credit cards, there are a lot of myths floating around about what is and isn't ethical. People seem to think that if they get an ethical credit card, they will be saving the environment and their wallets at the same time. But is this really true? In this guide, we will debunk some of the most common myths about ethical credit cards and let you know if they are worth your time or not.

What is an ethical credit card (and how does it work?)

An ethical credit card is a credit card that uses sustainable and environmentally friendly practices. This can include using recycled paper for cards and envelopes, partnering with renewable energy providers, or donating a portion of each purchase to charity. There are a few different types of ethical credit cards available, so it's important to do your research before applying. Some cards have specific environmental causes that they support, like renewable energy or rainforest preservation. Others focus on social responsibility, such as donating a portion of each purchase to a charity or providing fair working conditions for their employees.

How do you know if a credit card is ethical or not?

There is no one-size-fits-all answer to this question, as different credit card issuers have different policies and practices. However, most ethical credit cards offer the same benefits as regular credit cards – they just come with a conscience! Some of the most common benefits of ethical credit cards include:

Reduced environmental impact due to sustainable practices
Donation of a percentage of each purchase to charity
Support for renewable energy initiatives
Fair working conditions for employees

Perhaps the most obvious benefit is that you're supporting a cause you believe in. Many ethical cards also offer rewards such as cashback, airline miles, or points that can be redeemed for merchandise or gift cards. Another advantage of ethical cards is that they can have lower interest rates than traditional cards. This can save you money over the long run, especially if you carry a balance on your card. Finally, using an ethical credit card can help you build or improve your credit score. This is because responsible use of a credit card is one of the factors that lenders look at when assessing your creditworthiness. You can usually find out an issuer's sustainable and environmentally friendly practices by reading their website or looking for the ecolabel.

What are the benefits of using an ethical credit card over a regular credit card?

There are a few key benefits of using an ethical credit card over a regular credit card.

A lower interest rate

First, ethical credit cards usually have lower interest rates and fees than regular credit cards. This is because the issuing company wants to encourage sustainable and environmentally friendly practices.

Gain rewards

Second, many ethical credit cards offer rewards for spending money on things like renewable energy or shopping at eco-friendly businesses. This can be a great way to save money while you're helping the environment!

A lower carbon footprint

Third, ethical credit cards often have lower carbon footprints than regular credit cards. They use sustainable and environmentally friendly practices like renewable energy or recycled paper.

How to choose an ethical credit card that's right for you

You may want to consider a few things when looking for an ethical credit card. The first is whether the card issuer is aligned with your values. Some issuers support environmental or social causes, while others do not. You'll also want to look at the card agreement terms and make sure that there are no hidden fees or penalties. You'll want to consider whether an ethical credit card is worth the extra cost. Generally speaking, ethical cards have a lower interest rate than specialty and premium credit cards. This means the rewards you earn and benefits are unique to ethical cards. So, it ultimately depends on your individual circumstances. [sc name="blog_lead_creditt"][/sc]

Top myths about ethical credit cards

Myth One: Ethical credit cards don't offer any benefits

This first myth is definitely not true! In fact, many ethical credit cards come with various perks and benefits. For example, some cards offer cash back, while others provide rewards points that can be used for travel or merchandise. So, if you are looking for a card with some extra perks, an ethical credit card is definitely a good option.

Myth Two: Ethical credit cards are more expensive than regular credit cards

This myth is also false. In fact, many ethical credit cards have lower interest rates and annual fees than regular credit cards. So, if you are looking for a more affordable option, an ethical card is worth considering.

Myth Three: All ethical credit cards are the same

This is definitely not true. There are various ethical credit cards on the market, and each one has its own unique set of benefits and features. So, it is important to do your research before you decide which card is right for you.

Myth Four: Getting an ethical credit card will save you money

This may or may not be true, depending on the specific card that you choose. Some ethical credit cards offer great savings opportunities, while others do not. So, it is important to compare the different cards and find one that offers the best deal for you.

Myth Five: Ethical credit cards are only for people who care about the environment

While it is true that many ethical credit cards come with eco-friendly features, this does not mean that they are only for people who care about the environment. In fact, there are a variety of different ethical cards that cater to a variety of different interests and needs. So, no matter what your priorities are, you should be able to find an ethical credit card that suits you.

Myth Six: Ethical credit card companies charge more for their services

This is another myth that is just not true. In fact, many ethical credit card companies actually have lower rates and fees than traditional credit card companies. So, if you are looking for a more affordable option, an ethical credit card company is definitely the way to go.

Myth Seven: You have to be wealthy to afford an ethical credit card

False! There are a variety of different ethical credit cards that cater to a variety of different budgets. So, no matter what your income level is, you should be able to find an ethical card that fits your needs.

Myth Eight: Ethical credit cards charge higher interest rates

Actually, no. Ethical credit cards often have lower interest rates because they are more sustainable for people and the planet. They also don’t have hidden fees, which means you’ll save money in the long run. When you use an ethical credit card, you support businesses that align with your values. You can feel good knowing that your purchases contribute to a better world.

Myth Nine: Ethical credit cards are not as widely accepted as regular credit cards

This is another myth that is just not true. In fact, many ethical credit cards are accepted at a wide variety of different stores and businesses. So, you should have no trouble using your card at the places that you usually shop.

Myth Ten: It's difficult to find an ethical credit card company that meets your needs

Actually, this could not be further from the truth. There are several different ethical credit card companies to choose from, and each one offers its own unique set of benefits. You’re sure to find one that meets your specific needs.

So, is an ethical credit card really worth it?

Now that we’ve dispelled these common myths, what does this mean for you? Well, it ultimately depends on your specific needs and priorities. If you are looking for a card with some extra perks, an ethical credit card is definitely a good option. However, if you are more interested in finding a low-cost alternative, there are a variety of different cards to choose from. So, it is important to do your research before making any decisions. Ultimately, the bottom line is that ethical credit cards are worth considering for various reasons. They can help you to save money and help the environment, all while supporting causes that are important to you. The truth about ethical credit cards is that they come with various benefits and features. So, it is important to do your research before you decide which card is right for you.

Aspiration Zero, the credit card that helps you go green

If you’re looking for a credit card that not only helps you go green but also rewards you for it, look no further than the Aspiration Zero. We work to reduce your carbon footprint and give you extra cashback rewards with every swipe. Plus, our application process is simple and straightforward, so you can start enjoying the benefits of this card as soon as possible. Apply today and start making everyday spending work for the environment!

ByMake Change Staff

January 31, 2022

American Express Green Card Review: Where It Saves, Where It Falls Short

Credit Card, American Express, Credit, Cards

The American Express Green Card is a great option for those looking for a travel rewards card. It offers some great benefits, such as no foreign transaction fees and points for travel expenses. However, the card also has some drawbacks, such as its high annual fee. In this article, we will take a closer look at the American Express Green Card and discuss whether or not it is the right choice for you.

A great card for travelers with no foreign transaction fees

The American Express Green Card is an excellent option for travelers who prioritize earning Membership Rewards and prefer to use just one card for their travel purchases. The American Express Green Card offers some great benefits for travelers. There are no foreign transaction fees, for starters, which can save you a lot of money if you frequently travel abroad. Additionally, the card offers points that can be used towards travel expenses. This includes airfare, hotels, and car rentals. Finally, the card also comes with several travel insurance policies that can provide you with extra peace of mind while on your trip. With the American Express Green Card, you can earn Membership Rewards that are redeemable for travel, gift cards, and merchandise. Cardholders earn three Membership Rewards points for every dollar spent at restaurants, on public transportation, or travel, and one Membership Rewards point for every dollar spent on all other purchases. The points you earn with the American Express Green Card can be redeemed for statement credits, travel reservations, or gift cards.

How to redeem points for rewards

The American Express Green Card Memberships Rewards is a great flexible travel rewards program that offers a variety of redemption options. You can use your points to book travel with American Express, or you can transfer them to one of five airline partners and three hotel partners. Here are some examples of what you could get with your points: Statement Credits You can use your points to pay for part or all of a travel purchase made with the American Express Green Card. You can also use it to pay your credit card balance. Pay with Points at Checkout You can use your points to pay for purchases with specific merchants, including Walmart, Amazon, and Best Buy. Anywhere that Paypal is accepted, you can use your points as a form of payment. Travel Reservations You can use your points to book flights, hotels, and car rentals with American Express. You can also book cruises and vacation packages. Gift Cards You can use your points to get gift cards from various merchants, including Amazon, Starbucks, and iTunes. Merchandise You can use your points to get merchandise from a variety of merchants, including Apple, Samsung, and Sony.

Does the American Express Green Card have a fee?

The annual fee for the American Express Green Card is $150. This may seem like a lot, but when you consider all of the benefits that come with the card, it’s actually a pretty good deal. Keep in mind that the American Express Green Card is a charge card, which means that you must pay your balance in full each month. If you’re not able to do this, then the American Express Green Card may not be the best option for you. person holding stainless steel fork and knife

person holding stainless steel fork and knife

Benefits of the American Express Green Card

The best thing about the American Express Green Card is that it makes it simple to accumulate membership points. You receive three points for every dollar spent on approved travel and restaurant expenses, and the definition of what constitutes travel is very broad. It covers airline, hotels, and vehicle rentals, including cruises, campgrounds, tours, trains, rideshares, buses, subways, tolls, parking, and other services. All other purchases earn one point per dollar. These points can be redeemed for various goodies, including cashback as a statement credit, gift cards from numerous merchants, and reservations directly with American Express Travel. You also have the option to transfer your points to airline miles with Delta SkyMiles, British Airways Executive Club, Air France/KLM Flying Blue, JetBlue, Singapore, and Virgin Atlantic. Additionally, as a Green Cardholder, you are automatically enrolled in the Amex Offers program, which gives you access to exclusive deals at select merchants. Summary The American Express Green Card comes with many benefits, including:

No foreign transaction fees
Points that can be used towards travel expenses
Travel insurance policies
Redeemable for statement credits, travel reservations, gift cards, and merchandise
Automatic enrollment in the Amex Offers program

Drawbacks of the American Express Green Card

The American Express Green Card does come with a few drawbacks.

High-interest rate

First and foremost, it has fairly high-interest rates, ranging from 15.99% - 22.99% depending on your credit history. Additionally, the card doesn’t offer any sign-up bonuses or rewards points for spending.

Unclear (and changeable) spending limits

As far as your spending limit (NPSL), you're unlikely to know upfront what this is set at. The limit may change over time based on your spending and payment history, as well as market fluctuations. And it's unlikely that American Express will notify you in advance of such changes. As a result, you'll never know when you're on the verge of maxing out your credit card. This may make relying solely on The American Express Green Card difficult. The marketing materials for the card mention the ability to spend above your credit limit and earn rewards, but this is only an option if you specifically ask for it. If you're not comfortable with the idea of spending over your limit or don't want to have to keep asking American Express for permission, then this card may not be right for you.

Full monthly payoff is required for benefits

One of the most significant drawbacks to The American Express Green Card is that you must pay off your credit statement each much to continue to receive membership rewards for the following month. If you do not pay off your statement balance, the perks stop. Members can select a certain purchase for an extended repayment term up to $100 or more in special circumstances, but all purchases will not apply through Amex's Pay Over Time function. Summary The American Express Green Card comes with several drawbacks, including:

High-interest rates
No sign-up bonuses or rewards points for spending
Your spending limit is unknown and could change at any time without notification
You must pay off your statement balance in full each month to continue receiving membership rewards

If you're comfortable with these drawbacks, then the American Express Green Card may be a good fit for you. However, if any of these factors are a concern, another credit card option may be worth considering. [sc name="blog_lead_creditt"][/sc]

How to apply for the American Express Green Card

If you’re considering applying for the American Express Green Card, it’s important to make sure that you meet the eligibility requirements. To qualify, you must be a U.S. citizen or permanent resident and have a good credit score (700+). The bottom line is that the American Express Green Card has some great features, but it’s important to weigh the pros and cons before applying. So, if you’re thinking about getting this card, here are a few things to keep in mind:

The card has high-interest rates, so make sure you pay your balance in full each month to avoid interest charges.
There are no sign-up bonuses or rewards points for spending, so if that’s important to you, better options are available.
The card has a $150 annual fee, but it comes with a variety of benefits that can be worth the cost.
The card is a charge card, so you must pay your balance in full each month. If you’re not able to do this, then the American Express Green Card may not be the best option for you.

If you decide that the American Express Green Card is right for you, here’s how to apply:

Go to the American Express website and click “Apply Now.”
Enter your personal information, including your name, address, Social Security number, and date of birth.
Answer a few questions about your employment history and income.
Review your application and submit it.

If you’re approved, you’ll receive your card in the mail within a few weeks.

Check out the ultimate green credit card: The Aspiration Zero

If you’re looking for a way to offset your daily expenses and do some good in the world, look no further than Aspiration Zero. With every swipe, you reduce your carbon footprint and earn rewards that can be used to plant more trees or receive a statement credit. Plus, with low annual fees, it’s easy to get started. Apply today and start enjoying the benefits of living a zero-impact lifestyle!

ByMake Change Staff

January 29, 2022

eCO Credit Card vs. Aspiration Zero: What’s the Difference?

green tree on brown grass field during daytime

When it comes to finding the best credit card for your needs, there are a lot of different factors to consider. Do you want a card with no annual fee? A card with rewards points? A card with a low-interest rate? If you're looking for a great all-around option, the eCO Credit Card and the Aspiration Zero both offer some compelling benefits. This guide will compare and contrast the two cards and help you decide which one is best for your needs.

The importance of picking an excellent eco-friendly credit card

When it comes to finding the best eco-friendly credit card, there are a few key things you should look for. The first is a low-interest rate–this will help you save money on interest payments over time. The second is a rewards program that offers points or cashback on your purchases. And finally, you’ll likely want to make sure the card issuer offers sustainable practices and supports environmental causes.

The eCO Credit Card

The eCO Credit Card from ēCO Credit Union meets all of these criteria and comes with a few additional benefits as well. For starters, the card has no annual fee and offers a 4.99% APR for the first six months on purchases and balance transfers. And unlike many other eco-friendly credit cards, the eCO card also offers rewards points on all purchases. You can redeem your points for cashback, statement credits, or gift cards from leading retailers. Pros of the eCO Credit Card

No annual fee
Rewards points on all purchases
Low-interest rate after the introductory period
Sustainable practices and supports environmental causes

Cons of the eCO Credit Card

Only available to members of ēCO Credit Union

Pricing and how to apply The eCO Credit Card has a $0 annual fee and a variable APR between 7.49% and 16.08%. To apply, you must be a member of ēCO Credit Union. You can join by becoming an employee of one of their partner companies or opening a savings account with the credit union.

Aspiration Zero

Aspiration is also a leader in sustainable practices and offers the Aspiration Zero card, which comes with similar features. The Aspiration Zero card has a low annual fee of $60 per year with a signup bonus of earning $300 by spending $3000 within your first three months. It also offers a rewards program that gives you cashback on all purchases, with no limits or caps after you get to carbon zero. Pros of the Aspiration Zero Credit Card

Low annual fee
Rewards program with cashback on all purchases
Sustainable practices and supports environmental causes
A tree planted for every purchase

Cons of the Aspiration Zero Credit Card

Only available to US citizens

Pricing and how to apply The Aspiration Zero card has a $60 annual fee and a mission to plant 125 Million trees by 2030. You must be a US citizen with a valid Social Security number to apply. Question Mark, Knowledge, Question, Sign, Symbol, Mark

Question Mark, Knowledge, Question, Sign, Symbol, Mark

Which eco-friendly card is right for you?

Ultimately, the best credit card for you depends on your needs and spending habits. If you're looking for a great all-around option with no annual fee and rewards points, the eCO Credit Card is a great choice. If you're looking for a card with low-interest rates and sustainable practices, the Aspiration Zero card is a good option. Whichever card you choose, make sure to read the terms and conditions carefully, so you know what you're getting into.

Why is it important to pick an eco-friendly credit card?

When it comes to choosing a credit card, there are a lot of factors to consider. But if you're looking for a card that's good for the environment as well as your wallet, then an eco-friendly credit card is the way to go. There are several reasons why it's important to pick an eco-friendly credit card. For starters, by choosing a card that's good for the environment, you're helping to support sustainable practices and reduce your carbon footprint. And secondly, eco-friendly cards often come with features like low-interest rates and rewards programs, so you can save money on your purchases while also doing some good for the planet.

How do you know if your credit card is eco-friendly or not?

If you're not sure if your current credit card is eco-friendly or not, there are a few ways to find out. The first is to check the issuer's website for information on their sustainability practices. You can also look for keywords like "eco-friendly," "green," or "sustainable" on the credit card's website or in the description of the card. If you're still not sure or want to explore other eco-friendly credit card options, there are a number of resources available online. The nonprofit group Green America has a helpful list of eco-friendly credit cards, and the website WalletHub offers in-depth reviews of many different green credit cards.

What are the benefits of choosing an eco-friendly credit card?

There are many benefits to choosing an eco-friendly credit card, including lower interest rates, no annual fees, and cashback rewards. In addition, these cards often come with added benefits like travel insurance and purchase protection. Another key benefit of eco-friendly credit cards is that they can help you build your credit score. Many of these cards require no credit check, so they are an excellent choice for those who are just starting out or have a limited credit history. There are many reasons to choose an eco-friendly credit card. Here are some of the key benefits:

You can help the environment by reducing your carbon footprint.
Your card will be made from recycled materials.
You’ll earn rewards for spending money on products and services that support sustainability.
You can help finance renewable energy projects.
There are often no annual fees.
You may qualify for a lower interest rate.
Your card will come with added benefits like travel insurance and purchase protection.

If you’re interested in applying for an eco-friendly credit card, there are a few things you should keep in mind:

Be sure to compare the interest rates and rewards offered by different cards.
Make sure you understand the terms and conditions of each card before applying.
Be sure to keep track of your credit score so you can monitor your progress in building good credit.

Who should choose an eco-friendly credit card?

There are a few different types of eco-friendly credit cards on the market, but how do you know if one is right for you? If you want to help the environment and you're looking for a card with low-interest rates and rewards, then an eco-friendly credit card is the way to go. These cards come with various features, so be sure to compare your options before applying. If you have a limited or poor credit history, you may want to consider a secured, eco-friendly credit card. These cards are designed for people who are just starting out or have a limited credit history. They often come with low-interest rates and no annual fees, and they can help you build your credit score over time. If you're looking for a card that's good for the environment and your wallet, an eco-friendly credit card is a perfect choice. Compare your options and apply today. [sc name="blog_lead_creditt"][/sc]

Make a difference with Aspiration Zero

So which card is better? With Aspiration Zero, you can spend every day doing good while earning cashback rewards. How does this work? When you swipe your card to make a purchase for any amount, Aspiration plants trees to reduce your carbon footprint and gives you up to 1% Cash Rewards on top of it. It’s like getting paid to do good!

Why is reducing your carbon footprint important?

For one, it's important to reduce your carbon footprint because of the impact climate change is having on our planet. Climate change has already begun to cause significant problems all over the world, and we're only going to see more and more effects in the years to come if we don't take steps to reduce our emissions. But it's not just about the planet – it's also about our health. Air pollution, which is heavily linked to climate change, causes respiratory problems and other illnesses. So by reducing our carbon footprint, we're also improving our health and wellbeing. There are a lot of ways to reduce your carbon footprint, but one of the easiest is to switch to a carbon-neutral credit card. The team at Aspiration cares about the environment, and we want to do our part in reducing our global carbon footprint. Trees are an essential part of the equation, as they help absorb CO₂ from the atmosphere. By offsetting your purchases with trees planted by the Aspiration Zero, you can feel good knowing that you’re helping the environment each time you swipe your card.

Change the world, apply today!

Aspiration is a company that seeks to decrease the negative impact of its environmental footprint by creating products and services which help people live better lives — interested in getting started? Apply today for your chance to earn up to 1% cashback on every purchase, plus get an additional signup bonus of $300 by spending $3000 within your first three months.

ByMake Change Staff

January 28, 2022

Can an Ethical Credit Card Company Truly Exist?

Rooftop Restaurant, Florence, Rooftop, Italy, Sky

Credit cards often get a bad rap. They're often blamed for our country's high levels of personal debt. However, it's not all credit cards' fault. In fact, some credit card companies pride themselves on being ethical and environmentally friendly. So can an ethical credit card company truly exist? Let's take a look at what makes a credit card company ethical and see if these companies are as good as they sound.

The ugly truth about credit cards

There's no question that credit cards can be dangerous. They're often glamorized in the media, but the truth is that they can lead to serious debt. In fact, credit card debt in the US has reached a whopping $930 billion. A lot of this debt is due to high-interest rates and fees, and many people get into trouble with credit cards because they don't understand how they work. Let’s take a look at how this happens.

How credit card companies make money

Credit card companies make money in a few different ways. The most common way is through interest rates. Credit cards typically have high-interest rates, and when you carry a balance on your card, the credit card company makes a lot of money. Another way credit card companies make money is through fees. Credit card companies can charge all kinds of fees, including late payment fees, over-the-limit fees, and balance transfer fees. Finally, credit card companies make money by selling your information to other companies. Your name, address, and credit history are all valuable data to marketers. The good news is that some credit card companies don't rely on interest rates and fees to make money, but choose to run their businesses in ways that prioritize ethical behavior and environmentally-friendly practices.

Should I be worried about my credit card company?

Credit card companies wield a lot of power. Not only do they have the ability to help you or hurt you with your credit score, but they also can impact your monthly budget in a big way. Unfortunately, many credit card companies prey on their customers. They lure people in with low-interest rates and then hike up the rates without warning. They also charge outrageous fees for things like late payments and international transactions. Credit card companies are in the business of making money. They do this by charging you interest on your purchases, and if you don't pay your balance in full every month, they add on fees. This can lead to a lot of debt for consumers, which is why it's important to be careful about which credit card company you choose.

What’s an ethical credit card company?

An ethical credit card company does not prey on its customers. It has fair interest rates, reasonable fees, and transparent policies. It also strives to be environmentally friendly. There are a few things that make a credit card company ethical. The most important thing is that the company doesn't charge high-interest rates and fees. In addition, the company should be transparent about how it makes money and what fees it charges. The company should also be environmentally friendly, and it should help its customers stay out of debt.

Are ethical credit card companies as good as they sound?

Some people might think that ethical credit card companies are too good to be true. But the truth is that there are a few great options out there. These companies offer low-interest rates, no fees, and transparency. They also focus on being environmentally friendly. However, there are some drawbacks to using an ethical credit card company. The most obvious is that these companies are smaller than the big banks. This means that they might not have as many options when it comes to rewards and perks. Another drawback is that ethical credit card companies might not be as well known as the big banks. This means that it can be harder to find information about them. And, finally, some people might not like the idea of supporting a small company that focuses on being environmentally friendly. Person Holding Green Card while using Silver Laptop

Person Holding Green Card while using Silver Laptop

How do ethical credit card companies benefit the environment?

Many ethical credit card companies use renewable energy to power their operations. They also print their statements and marketing materials on recycled paper. And many of them donate a portion of their profits to environmental charities. Credit card companies can have a significant impact on the environment. The way they power their operations, the type of paper they use, and the donations they make all affect the planet. When you choose an ethical credit card company, you're choosing one that is environmentally friendly. This is important because it means that your money is going to a good cause. It also means that you're not supporting companies that are harmful to the environment.

The benefits of an ethical credit card company

When most people think of ethical credit card companies, the first thing that comes to mind is how good they are for the environment. While it’s true that these companies often boast features like paperless billing and carbon offsets, there are other benefits to using an ethical credit card company as well. For starters, these companies typically have lower interest rates and fees than traditional credit card companies. They don’t rely on deceptive marketing practices or hidden fees to make money. In addition, ethical credit card companies often give back to the community. For example, they may donate a portion of their profits to charity or offer discounted rates to customers who volunteer. Finally, using an ethical credit card company can help you feel good about your spending. You know that your money goes towards companies that share your values and support causes you care about. So, what are the pros and cons of using an ethical credit card company?

Pros of choosing an ethical credit card

Lower interest rates and fees: These companies don't rely on deceptive marketing practices or hidden fees to make money.
Gives back to the community: Many ethical credit card companies donate a portion of their profits to charity or offer discounted rates to customers who volunteer.

Cons of choosing an ethical credit card

It may be difficult to find one that's right for you: There aren't many ethical credit card companies out there, so you may have to do some digging to find the one that's best for you.
May not offer as many features: While most ethical credit card companies offer a similar set of features, there may be a few that don't have everything you're looking for.

Overall, using an ethical credit card company is a great way to support the environment and your community. If you’re looking for a more sustainable way to pay for your purchases, this could be the right option for you. Just be sure to do your research before choosing one, as not all ethical credit card companies are created equal. [sc name="blog_lead_creditt"][/sc]

Top ethical credit card companies of 2022

Let’s take a look at some of the top green and ethical credit companies out there disrupting the traditional financial landscape in 2022.

The Sierra Club

The Sierra Club gives back to the environment in a few ways, which is why it’s one of the most ethical credit card companies. It partners with businesses that share its commitment to sustainability and social responsibility.

The Nature Conservancy

The Nature Conservancy offers a few different features that make it stand out from the rest. Not only does the card have a low-interest rate, but The Nature Conservancy also promises to never charge an annual fee. They also donate a percentage of their profits to charity.

Conservation International

Conservation International offers a unique rewards program that helps you give back to the environment. You earn three points for every dollar you spend, which can be redeemed for donations to Conservation International or one of their partner organizations.

Aspiration

Aspiration is a unique credit card company in that they offer paperless billing and carbon offsets at no extra cost to the consumer. They also donate a percentage of their profits to charity.

American Express

American Express is one of the largest credit card companies in the world and offers a variety of options for those looking for an ethical credit card. They have a wide range of cards that cater to different needs, including the Blue Sky Card, which donates a percentage of its profits to conservation efforts.

The Green America Credit Card

The Green America Credit Card is one of the only credit cards endorsed by a nonprofit environmental organization. Green America will donate money to support their work for every purchase you make.

Aspiration: The credit card for the sustainability movement

We all know that taking steps to reduce our environmental impact is important. It’s not just about the environment but also about how it affects us and others around us. Aspiration strives for a better way of life for people in need by reducing their carbon footprint through tree planting efforts while giving you cashback rewards when you get down to zero. Interested? Apply today!

ByMake Change Staff

January 27, 2022

Affinity Credit Cards Give Charitable Spending a Whole New Meaning

Money, Donation, Donate, Profit, Give, Help, Charity

Affinity credit cards take charitable giving to a whole new level. They can be an excellent way to give back and donate to charities that are important to you. People who use these types of credit cards often have access to charitable giving opportunities that they do not have with traditional banks. If you've been looking for a way to increase the value of your charitable contributions, this is the guide for you. Affinity credit cards are specifically designed to provide rewards and benefits associated with specific affiliations or interests. This can include religious organizations, universities, special interest groups such as outdoor enthusiasts, and much more.

What is an affinity card?

An affinity card is a credit card affiliated with a certain organization, such as a university or charity. These cards benefit members of the affiliated group and frequently allow people to donate their rewards to the group's designated charity. Affinity cards can be an excellent way for customers to show their support for a cause they care about while also doing good in the world. Affinity cards are appealing because you can donate your rewards to any charity of your choice. This is something that traditional banks typically do not provide. Using an affinity credit card can be a great way to foster goodwill within your community or group by providing them with assistance that would otherwise be unavailable. This is especially true when people use their affinity cards to make purchases around the holidays.

How do affinity cards work?

Affinity cards operate in much the same way as traditional credit cards, but they provide additional benefits to members of affiliated organizations such as charities or professional associations. Affinity cards, which are available from both banks and credit unions, typically have lower interest rates and fees than traditional credit cards. The key distinction is that affinity cards allow for charitable giving, which means that your money can be used to support organizations that are important to you. Affinity credit cards also typically include a rewards program that allows you to donate your rewards to any charity of your choice. When you use an affinity card, you can donate the rewards you earn to a charity of your choice, making it a simple way to give back without spending more money. Affinity cards frequently include additional benefits. These can include discounted rates on affiliated group products or services, bonus points for using the card, and more.

What are the benefits of using an affinity credit card?

Affinity credit cards can provide you with special offers such as discounted or free products from affiliated companies (like coupons for specific restaurants). If your credit card is linked to a university student organization, for example, the card issuer may offer discounts at local businesses. You can also earn points or cashback on your credit card spending, allowing you to donate rewards directly to any charity of your choice. The advantage of affinity credit card programs is that you can donate your rewards in any amount up to 100% to a charity of your choice. With an affinity card, you can designate a specific charity to which your rewards will be donated on a monthly or annual basis. You may also be able to deduct your donations from your taxes. Unlike traditional bank products, in which charities have separate agreements on which ones will receive donations from their customers' purchases, affinity card programs allow you to donate any percentage of your rewards to any charity or organization — regardless of whether it is affiliated with the card issuer. When it comes to selecting the best affinity credit card for you, there are a few things to consider:

How much money can I afford to put towards my credit each month?
What is the interest rate on this card?
Do I want a rewards program where I can donate my points to charity, or do I just want cash back or travel rewards?

Once you've decided what it is that you want in a credit card, you can compare different affinity cards to see which one is best for your spending habits. Overall, an affinity credit card could be a great option for anyone looking to give back through their everyday purchases — and it's available at some of the most popular banks in the country. You may want to check to see if the card issuer is reputable and has a track record of keeping its promises to customers. You should also think about how much you're willing to spend on your affinity credit card each year, as well as what kind of rewards you'd like to earn from spending with your new credit card. If you have a favorite charity about which you are passionate and want to assist them in reaching their fundraising goals, an affinity credit card can be a great way to do so. Because there are so many options available when it comes to selecting the best affinity credit card for your needs, make sure you thoroughly investigate all of your options before making a decision or signing up with a card issuer.

How do I choose which type of affinity credit card is right for me?

There are several types of affinity credit cards available to you, each with its own set of benefits and perks. When it comes to selecting the right product for you, consider your charitable giving needs as well as how much money you want to put toward your credit each month. Some affinity cards, for example, offer a percentage of the money you spend with them in cashback rewards, while others offer points that can be redeemed for travel. If your goal is to donate as much as possible to charity each month, an affinity credit card that offers higher percentages back in cash or points for your spending may be a good choice. Some affinity cards also provide discounts on affiliated companies' products and services. This could be useful if you're looking for ways to save money in your daily life or if you want to support a charity with a business relationship with the card issuer.

Cashback Affinity Credit Cards

The cashback credit card is one of the most popular types of affinity credit cards. These cards reward you with a percentage of your spending, which you can then donate directly to any charity of your choice. For example, you could earn 50% back on all of your card purchases, allowing you to give back 50% of the money you spend on it.

Rewards Affinity Credit Cards

A different type of affinity credit card is one that rewards you for purchases rather than cash back. This could include travel miles or even special discounts, such as coupons, at stores affiliated with the card issuer. These cards may also have a rewards program that allows you to donate your points or miles to a charity or organization of your choice.

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Common affinity cards and their benefits

Affinity cards come in various forms, ranging from those offered by a company's local supermarket to those offered by popular retailers, making it difficult to determine which card is best for you. Some of the most common affinity cards include:

Susan G. Komen® Customized Cash Rewards Visa® credit card from Bank of America

This card gives users one point for every dollar spent, and there is no limit to the number of points that can be earned. In addition, cardholders can donate their rewards to Susan G. Komen®, which funds breast cancer research and programs.

Citi ThankYou® Rewards Credit Card

This card allows users to automatically donate two cents for every dollar spent at national arts organizations. Two percent of all purchases will be donated no matter where the purchase is made or what it is for. The money that’s earned goes toward helping support activities in the arts, culture, and education.

National Association of Social Workers (NASW) Credit Card

This card allows users to donate a portion of their purchases to the NASW Foundation, which provides scholarships and awards to social work students and grants to help fund social work programs.

AARP Rewards Credit Card

This card offers one point for every dollar spent and a 50% bonus on all points earned during the first three months. Users have the option of donating their rewards to any of AARP's charitable initiatives or using them to shop.

The Nature Conservancy Credit Card from Bank of America

This card gives users one point for every dollar spent, with no cap on how many points they can earn. Cardholders can also donate their rewards to The Nature Conservancy®, which helps fund conservation programs worldwide.

Aspiration: Spend a dollar, plant a tree

We know that giving money to a charity is always an attractive option. But what if you could donate and earn rewards while also benefiting the environment? The Aspiration Zero carbon-neutral credit card does just that, with each swipe providing a chance to offset carbon emissions while also earning cashback rewards. Spend daily to offset your carbon footprint and earn up to 1% cashback on purchases. Use your rewards to plant more trees and receive a credit on your statement. Do you want to help the environment while also getting rewarded for it? Apply now!

ByMake Change Staff

January 25, 2022

Where Money Meets Mission

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In Focus

How To Make Money With Credit Cards

Grab a signup bonus

Earn cashback

The different rate types

Strategically plan your purchases

Refer friends and family

Try “stoozing”

Get the right card

Open a high-yield savings account

Spend using your card

Make your credit card minimum payment

Use a shopping portal

Use a balance transfer to pay down debt

Don't automatically exclude cards with annual fees

Use reward points

Get the credit card that helps save the planet

Top Myths About Ethical Credit Cards. Can They Really Save You Money?

What is an ethical credit card (and how does it work?)

How do you know if a credit card is ethical or not?

What are the benefits of using an ethical credit card over a regular credit card?

A lower interest rate

Gain rewards

A lower carbon footprint

How to choose an ethical credit card that's right for you

Top myths about ethical credit cards

Myth One: Ethical credit cards don't offer any benefits

Myth Two: Ethical credit cards are more expensive than regular credit cards

Myth Three: All ethical credit cards are the same

Myth Four: Getting an ethical credit card will save you money

Myth Five: Ethical credit cards are only for people who care about the environment

Myth Six: Ethical credit card companies charge more for their services

Myth Seven: You have to be wealthy to afford an ethical credit card

Myth Eight: Ethical credit cards charge higher interest rates

Myth Nine: Ethical credit cards are not as widely accepted as regular credit cards

Myth Ten: It's difficult to find an ethical credit card company that meets your needs

So, is an ethical credit card really worth it?

Aspiration Zero, the credit card that helps you go green

American Express Green Card Review: Where It Saves, Where It Falls Short

A great card for travelers with no foreign transaction fees

How to redeem points for rewards

Does the American Express Green Card have a fee?

Benefits of the American Express Green Card

Drawbacks of the American Express Green Card

High-interest rate

Unclear (and changeable) spending limits

Full monthly payoff is required for benefits

How to apply for the American Express Green Card

Check out the ultimate green credit card: The Aspiration Zero

eCO Credit Card vs. Aspiration Zero: What’s the Difference?

The importance of picking an excellent eco-friendly credit card

The eCO Credit Card

Aspiration Zero

Which eco-friendly card is right for you?

Why is it important to pick an eco-friendly credit card?

How do you know if your credit card is eco-friendly or not?

What are the benefits of choosing an eco-friendly credit card?

Who should choose an eco-friendly credit card?

Make a difference with Aspiration Zero

Why is reducing your carbon footprint important?

Change the world, apply today!

Can an Ethical Credit Card Company Truly Exist?

The ugly truth about credit cards

How credit card companies make money

Should I be worried about my credit card company?

What’s an ethical credit card company?

Are ethical credit card companies as good as they sound?

How do ethical credit card companies benefit the environment?

The benefits of an ethical credit card company

Pros of choosing an ethical credit card

Cons of choosing an ethical credit card

Top ethical credit card companies of 2022

The Sierra Club

The Nature Conservancy