What's the best eco-friendly green credit card?

Question

The Amex Green card’s credit score requirement is 700+. This means you need at least good credit to have a decent chance of approval. The Amex Green card’s credit score requirement is comparable to that of several other American Express cards. Some users report being approved with lower scores, but it’s a much safer bet to wait for a score of 700 before applying. … read full answer

The Amex Green card’s credit score requirement alone doesn’t determine your approval or rejection. But it is a key component. Amex also considers annual income, employment status, monthly rent/mortgage payments and existing debt, among other factors.

Here’s the Amex Green card credit score requirement and more:

Credit score required: Good (700+).

Other factors: Annual income, employment status, monthly rent/mortgage payment, existing debt and more.

Age requirement: At least 18 years old (must have a verifiable source of income).

Residency/identification requirement: A U.S. mailing address (no P.O. boxes) and a Social Security number, Individual Taxpayer Identification Number or passport.

Even if you meet the Amex Green card credit score requirement, you should be aware that this card is a hybrid card before you apply. That means you’re usually required to pay the entire balance in full each billing period. There is a feature called “Pay Over Time” where cardholders can carry a balance on individual eligible charges that are each at least $100. However, these purchases are subject to approval by Amex. And the account will have a set “Pay Over Time” limit that cannot be exceeded. All charges not included in the Pay Over Time balance will also require to be paid in full every month. If you usually carry a balance every month, you might want to consider other Amex cards.

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Answer 1 · 2021-06-06 04:25:24

Christie Matherne, Credit Card Writer

@christie_matherne • 06/06/21 This answer was first published on 12/05/19 and it was last updated on 06/06/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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One of the best eco-friendly green credit cards is the Green America Rewards Credit Card because it donates a percentage of every purchase to the green economy-oriented nonprofit, Green America. A few other options that give a slice of your purchases to green organizations are the World Wildlife Fund Credit Card and the Clean Water Action Credit Card.

Donations aren’t the only way credit card companies can make an environmental impact. Payment technology company CPI Card Group announced its “Second Wave” credit and debit cards in September 2019, made from plastic that would have otherwise ended up in oceans. CPI said they’re partnering up with a yet-to-be-named “large U.S.-based card-issuing financial institution” in the near future.

Similarly, American Express is offering its redesigned American Express® Green Card, made of recycled ocean plastic collected by Parley for the Oceans. Amex has also launched a recycling service for its credit cards, which rolled out in 2020.

That said, finding a truly environmentally-friendly credit card is more complicated than it might seem on the surface. Some environmental groups suggest that all credit cards encourage consumption, which is generally not good for the planet. Plus, many credit card issuers that donate money to an eco-friendly organization on your behalf will not disclose how much gets donated. And this makes it difficult to see how much good you’re doing. There’s a big picture issue, too: Some bigger banks that issue “green” credit cards also fund ventures in notoriously not-green fossil fuel industries.

Overall, making your spending more “green” is a good idea, but credit cards will only do so much in that effort. Being conscious of your purchases might be better for the environment than finding an eco-friendly or “green” credit card. Another option is getting a credit card with good rewards and simply making your own donation to the environmental group of your choice.

@chinster75

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Your best sustainable option is an local credit union bank. A vast majority of US banks invest heavily into fossil fuels. According to the guardian, “ The world’s largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil fuels since the Paris agreement, new figures show, prompting warnings they are failing to respond to the climate crisis. The US bank JP Morgan Chase, whose economists warned that the climate crisis threatens the survival of humanity last month, has been the largest financier of fossil fuels in the four years since the agreement, providing over £220bn of financial services to extract oil, gas and coal.” Also, the list includes large bank investors JP Morgan Chase Wells Fargo Citi Bank of America RBC MUFG Barclays TD Mizuho Scotiabank Morgan Stanley HSBC https://www.google.com/amp/s/amp.theguardian.com/environment/2020/mar/18/global-banks-climate-crisis-finance-fossil-fuels

Answer 2 · 2020-10- 9

@chinster75

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Your best sustainable option is an local credit union bank. A vast majority of US banks invest heavily into fossil fuels. According to the guardian, “ The world’s largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil fuels since the Paris agreement, new figures show, prompting warnings they are failing to respond to the climate crisis. The US bank JP Morgan Chase, whose economists warned that the climate crisis threatens the survival of humanity last month, has been the largest financier of fossil fuels in the four years since the agreement, providing over £220bn of financial services to extract oil, gas and coal.” Also, the list includes large bank investors JP Morgan Chase Wells Fargo Citi Bank of America RBC MUFG Barclays TD Mizuho Scotiabank Morgan Stanley HSBC https://www.google.com/amp/s/amp.theguardian.com/environment/2020/mar/18/global-banks-climate-crisis-finance-fossil-fuels

What's the best eco-friendly green credit card?

Christie Matherne, Credit Card Writer

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