🚀 Our new App is live!  Signup

💳 The best offers for May! Details 

Advertiser Disclosure

Advertiser Disclosure

Although we put in a lot of effort to give our readers unbiased information, and we include many credit card offers on our website for which we do not get paid any compensation, we are legally required to notify you that we may be receiving compensation from some of the credit card companies mentioned on our website.

Some of the credit card offers which appear on helpmebuildcredit.com are from credit card companies from which this site possibly receives compensation. This compensation may impact how and where credit card offers appear on this site. This site possibly does not include all available credit card offers.

 

Close

What’s Different About a Green (Eco) Credit Card?

- Nov 24, 2021 Credit Card Info0 comments

In a market that is increasingly more conscious of environmental issues, “green” or “eco-friendly” credit cards are becoming more popular. But what exactly is a green credit card? Is it more than a buzzword and how do they differ from regular credit cards?

With all the environmental concerns out there, it’s easy to overlook the impact of our credit cards. After all, they’re just little pieces of plastic, right? Wrong.

While a single credit card may not seem like much, it becomes a much bigger problem when you consider the billions of cards in circulation. Each card weighs about five grams. When you add up all those grams, it equals to a whole lot of pollution.

Credit cards are made from PVC, or polyvinyl chloride, which is a type of plastic that is notoriously difficult to recycle. In fact, the share of PVC recycled annually is estimated at just 3 percent or less. The rest ends up in landfills or incinerators, where it releases harmful toxins into the environment.

Not only that, but the production of PVC creates dioxins, which are a type of pollutant that can cause cancer and other health problems.

So what can be done? For starters, we can all make an effort to use our credit cards less often. Or, we can look for alternatives to PVC-based cards.

Some companies are already making cards out of more environmentally friendly materials, eco-friendly cards that are made from renewable resources. But what exactly makes a credit card eco-friendly?

What Is an Eco-Friendly or Green Credit Card?

Eco-friendly credit cards are made of materials that are environmentally friendly and sustainable. For example, many eco-friendly credit cards are made out of recycled materials like recycled plastic, plastic retrieved from the ocean, biodegradable plastic, wood, metal, and more.

They are also usually printed with sustainable inks, which means that they use less energy and water during the manufacturing process.

Eco-friendly credit cards tend to be more durable than traditional credit cards. This is because they are made out of stronger materials that are not as prone to breaking or tearing.

A green credit card is also specifically designed with eco-friendly or sustainable living in mind. This can mean supporting environmental healthy products and services through targeted investing, funding environmental projects at a lower interest rate, or even offering cashback rewards for making environmentally conscious purchases.

What Separates a Green Credit Card From a Regular One?

Here are some of the key points that eco-friendly credit cards differ from regular credit cards:

Materials

As we mentioned above, eco-friendly credit cards are made of sustainable and environmentally friendly materials. They also use sustainable inks during the printing process.

Sign-up Bonuses and Rewards

A lot of green credit cards will offer special sign-up bonuses or rewards for making eco-friendly purchases. For example, some cards will give you extra points or cashback for every dollar you spend on renewable energy products or services.

Causes

Eco-friendly credit cards also support eco-friendly causes. For example, most green credit card companies donate to renewable energy projects and other environmental initiatives.

Buying Carbon Offsets

A lot of companies that offer eco-friendly credit cards will also help you offset the carbon footprint of your purchases by investing in renewable energy projects, planting trees, or buying carbon offsets.

Interest Rates and Fees

Eco-friendly credit cards often offer lower interest rates and fees than regular credit cards. They do this to encourage sustainable spending and discourage people from racking up debt.

Rewards

Many eco-friendly credit cards also offer rewards for making environmentally conscious purchases.

Carbon Footprint

Eco-friendly credit cards have a smaller carbon footprint than regular credit cards. This is achieved, as mentioned, through the use of sustainable materials and support of eco-friendly causes.

Why Use an Eco-Friendly Credit Card?

There are plenty of reasons to use an eco-friendly credit card. Here are a few reasons why you might want to consider using a green credit card:

  • You want to do your part to support sustainable living initiatives. If you’re looking for a way to support eco-friendly causes, using a green credit card is great.
  • You want to take advantage of rewards for sustainable living purchases. Many green credit cards offer great rewards for purchases that help support sustainable living.
  • You want to help the environment. Using an eco-friendly credit card is a great way to help reduce your impact on the environment.
  • You want to save money. Many green credit cards offer lower interest rates, saving you money in the long run.

The Downside of Eco-Friendly Credit Cards

Just because the materials are environmentally friendly doesn’t make the credit card automatically eco-friendly. If the company that owns the credit card is not sustainable, then the credit card is not eco-friendly.

The dirty little secret is that often companies that offer green cards still rely on fossil fuel products in other areas of their business.

This means that while you are personally doing your part to be eco-friendly by using your credit card, the company as a whole is still contributing to environmental damage.

Also, some companies that offer eco-friendly credit cards might not be as transparent as they should be about where they invest their money.

Getting Rid of the Physical Cards Altogether

Eco-friendly credit cards are one way card companies are trying to reduce their environmental impact, but there are still some hurdles to overcome.

Even though eco-friendly credit cards are made of sustainable materials, they still create waste. Is it possible to get rid of the physical cards altogether and just use digital versions for a more sustainable future?

People are looking for ways to avoid touching surfaces and coming into contact with others. Digital and contactless payments allow people to make transactions without physically coming into contact with anyone or anything. This continued amidst the pandemic and is likely here to stay.

This is supported by the 2021 Visa Study, 85% of consumers expect digital options when they shop in person, including contactless credit cards, mobile payment apps, and mobile wallets.

Also, according to Bain & Co, by 2025, 67% of global transactions are estimated to be done digitally, up from the 57% COVID-19 pandemic estimate.

Many companies have begun to issue digital-first cards to their customers in response to this shift. These cards can be used for contactless payment methods, such as tap-and-pay and online purchases.

But digital payment still has some holes that need to be addressed before it can completely replace physical credit cards.

As digital payments become more widespread, it is not impossible to see a future where physical credit cards are no longer necessary. But, for now, eco-friendly credit cards are still the best possible way for card companies to reduce their environmental impact.

Final Thoughts

And it doesn’t have to be one or the other. There’s no law saying you can’t continue to use traditional credit cards with the best offers and just be more mindful of how you use and dispose them.

After all, even eco-friendly credit cards end up in the trash eventually. So, it all boils down to our individual responsibility to be as sustainable as possible.

Was this article helpful?

avatar_logo
Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

Leave A Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments

Recent Posts

Follow us

Click here to subscribe to
our WhatsApp channel

Today's
best offers

Capital One Venture X Business

Earn 150,000 miles after spending $30,000 within the first 3 months.

more info

Ink Business Preferred Credit Card

Earn 100,000 points after spending $8,000 within the first 3 months.

more info

The Platinum Card from American Express

Earn 80,000 points after spending $8,000 within the first 6 months (terms apply).

more info

American Express Business Gold Card

Earn 130,000 points after spending $10,000 within the first 3 months (terms apply).

more info

You May Also Like

Credit Card Disputes – Know Your Rights

Credit Card Disputes – Know Your Rights

The main benefit as for why I always use a credit card, wherever possible, is because of the option it provides for disputing a charge. It gives me an unexchangeable feeling of security that if something goes wrong I can always dispute the charge. I get asked many...

read more
New Sapphire Preferred Offer. 75k Points!!

New Sapphire Preferred Offer. 75k Points!!

The offer on the card_name just popped up to 75,000 points after spending $4,000 within the first 3 months. There is also an 85k offer available in Chase branches but for that offer you need to spend $6k. (Usually, Chase will match the in-branch offer even if you...

read more
News You May Have Missed Over Yom Tov

News You May Have Missed Over Yom Tov

Yom Tov has come and gone. While you were busy celebrating you may have missed some credit card news that happened within the last 2 weeks. First off, we want to apologize for the posts that regretfully went out on Chol Hamoed / Yom Tov. The posts were pre scheduled...

read more
Credit Card Grace Period Explained

Credit Card Grace Period Explained

We all know that we don’t pay interest on credit card purchases until after the credit card due date. But do you know why? You may answer that the credit card issuers want you to use your credit cards, so it doesn’t make sense for them to charge you interest. That is...

read more
Best Credit Cards With Airport Lounge Access [2024]

Best Credit Cards With Airport Lounge Access [2024]

Traveling for Yom Tov? Do you know that you can enjoy airport lounges without upgrading your travel ticket? If you have a credit card that has lounge access, you can enjoy the luxury of it on your trip.  With many of us flying for Yom Tov and with summer travel season...

read more
success_icon

Download link sent
succesfully

Got it * please check your promotional inbox
fail_icon

Error sending download link

Try Again