Credit Cards 101: Responsible Credit Cards for Young Green Americans

www.freefoto.comAccording to a recent poll, 34% of Americans aged 18 to 50 do not have a credit card. For most young people, the word “finance” conjures up little more than images of suits on Wall St and a dangerously low checking account balance. Fears of crippling debt (often the result of massive student loans), predatory mega-banks, and identity theft deter us from applying for a credit card. Paying for all of your expenses with cash is a responsible option, and it is entirely possible to live a life without credit. There are, however, many advantages to educating yourself about credit cards and using them wisely. They’re small, convenient, and easy to monitor, and they allow us to accomplish a range of activities that we couldn’t with just cash or a debit card. Here are a few examples:

–          Housing – Before you sign a lease on a house or apartment, your landlord will want to check your credit as a gauge of how good you are at paying your bills. If you have bad credit or no credit, a landlord will be very wary of renting their property to you. Utilities companies also use credit as a gauge of financial responsibility. Even if you can convince a landlord to rent you their property, convincing the electric utility to turn on your power without good credit could be a real challenge.

–          Employment – Employers may check candidates’ credit to judge financial responsibility. Your credit is a reflection of your expenses, and many employers want to make sure that you are not in serious financial difficulty that could compromise your work.

–          Travel – You will need a credit card to rent a car, and book a hotel if you plan on doing any traveling. This is to cover the costs of any incidental damage to the vehicle or room.

–          Loans – Having a good credit history is crucial for securing longer-term loans for a variety of purposes. This could include a mortgage, financing a car, or even taking out a loan to start your own business. Lenders will be more willing to do business with you if they can see that you pay your bills on time.

–          Get Free Stuff- Who doesn’t love gifts? As an incentive to use their credit card, many financial institutions offer rewards to their customers. Based on the amount you spend, you can receive cash back or points that you can redeem for merchandise, travel expenses, and a wide range of offerings.

If you think you may be interested in any of the things above, then it might be time to seriously consider building a good credit history. Your credit score is a number that is calculated based on your expenses, and is meant to reflect how quickly and thoroughly you pay your bills. Your credit score is shared with anyone who might be in a position to lend you money, and by paying your balance in the full amount, on time, you can make the most of your borrowing abilities. To be a responsible credit user, you must internalize one golden rule: don’t spend more money than you have. This will help you keep track of your spending and avoid debt that can add up rapidly. It requires organization and self-control to responsibly use credit, but you can increase your long-term purchasing power to a large extent.   Responsible spending is also good for the planet; purchasing only what you need lowers your impact on the environment.

At Green America, we encourage responsible consumers to obtain “green” credit cards, offered by community investment banks and credit unions. These cards are unique in that they donate a portion of their transaction charges to organizations that support the environment and communities in need. Most major credit cards, by contrast, direct their transaction charges to executive compensation or investing in environmentally harmful activities, like coal-mining. If you are thinking that using credit is the right next step, we urge you to look at our list of recommended green credit cards. You can begin building a stable financial future for yourself, prevent your purchases from supporting harmful mega banks, and support the environment and communities in need.


The next step is up to you: by learning to responsibly use credit and choosing a card that benefits the people and the planet, you can be a part of the generation that changes the credit industry for the better! If you’re curious to learn more about credit, here are some great resources.


  1. Effects on tthe Soil- Inorgaic fertilizers tend to cause nitrogen leaching at groundwater levels,
    esppecially during heavy rains. And to keep thjings natural with your vacuum cleaner
    from start to finish, remember to empty your vacuum cleaner into the compost heap instead
    of the rubbish bin. Own an onlione business: Keyword research annd niche
    You’ve picked the website theme, now it’s time to get a little more
    specific by doing keyword research and choosing a njche within your topic.

  2. 0 (HARP) is failing to reach most qualifying borrowers.
    I know most everyone reading this feel it is common sense stuff, but you would be amazed at the perception of this mystical “gray area” out there when it
    comes to applying for a mortgage. With their programs in place, business owners
    can then keep track of their finances.

  3. A recent study by the Silver Promotion Service showed
    that 46 percent of consumers prefer white metals for diamond jewelry.

    VAL – Jerry Van Amburg founded Van Amburg Leathers.
    A proud example of the aforementioned changes in social open-mindedness
    regarding jewelry is the growing prevalence of stretched ears.

  4. Choosing the right kind of loan is especially important when buying a house since a home is often the most important investment a
    person makes and home mortgages typically have a span of thirty or fifteen years.
    Purpose Four * Mortgage brokers with your get worried — Discovering appropriate mortgage is tense and also you wish to stay away from
    which be concerned. By dealing with a broker who is a certified MFAA associate, you are
    doing business with a broker that has satisfied minimum standards of education, experience and ethics to uphold their association status.

  5. Getting your documentation in order before checking out a lender can help the procedure step along
    faster. The web is definitely the new frontier legitimate estate
    gels and creams and the a large number of successful agents are generally employing it for the full
    potential. Nonetheless the opposite is the case if
    the borrower sticks to the repayment agreement without defaulting.

  6. Styles that stand out most to me are the necklaces with glass beads with different
    colors mixed with freshwater pearls. These jewelries are usually made of precious materials such as metals and gemstones.
    Once nucleated, a freshwater mollusk can produce several
    pearls at the same time, which can be harvested in as little as six months.

  7. Most mortgage brokers have arrangements with
    the major banks and a few non bank lenders so that they
    can be seen to offer alternatives. If the owner’s net income from LLC exceeds $400, he or
    she is liable to pay self-employment tax. Examine your
    checkbook register and petty cash receipts for any business related expenditures.

  8. If you were planning on building your dream
    home in 2010 it was nearly impossible. can assist Mexico in building some of the relevant infrastructure for NAWAPA,
    the deserts of Mexico can bloom. Hard material is difficult to be crushed by small combination crusher, so the small size crusher is suitable for brittle and fine

  9. Awesome blog! Is your theme custom made or did you download it from somewhere?
    A design like yours with a few simple adjustements
    would really make my blog jump out. Please let me know where you got your design.
    Bless you

  10. Dale Rogers is a thirty-year mortgage veteran and frequent
    contributor to the Broken Credit Blog. In 2011 just under 40% of all mortgages used to purchase a
    home nationally where FHA Insured Mortgages. In most cases, Va Loans are made with no money down. Income eligibility
    – FHA loans are open to nearly anyone who wishes to
    be considered for a loan. Like any ordinary shopping process, you have to know the key
    features of the product you’re buying.

  11. That’s why once you re-finance your house, you have to put in priority structural repair above all else.
    If a borrower defaults in making his payments or makes a late payment time and again or has too many outstanding debts then he is liable to have a bad credit or poor credit rating which does not augur well for his financial health.
    Thou shalt not originate any inquiries into your credit.

    All these names are referring to same concept
    that you and your mortgage company have a common interest.
    On the other hand going for a short term loan for 6 to 18 months will economize your used car purchase.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s