Considering a New Type of Credit Card

First off, I want to state upfront that I do not condone the use of credit cards but felt that some folks might be interested in a new type of card.

Generally, I do not support the use of credit cards because it causes people to get into debt and hampers them from becoming wealthy. Statistics show that staying out of debt is the best way to become wealthy.

A Carbon Footprint Card

There is a new credit card available that not only allows you to charge things on a handy card but it tracks your carbon footprint. What? Carbon footprint, yes. For those concerned about climate change, here is an opportunity that may appeal to you.

The card, issued by Doconomy and MasterCard, is prescribed to limit your carbon footprint. How is that possible? Very simply, it scores everything you purchase based upon its carbon output. A monthly limit is set based upon an allocated carbon output. When you reach your carbon output limit for the month, you will not be able to make any additional purchases for the month.

Do You Want to Be Tracked?

The new card is an option for you to reduce your carbon footprint, but before signing up, here’s something to ask yourself: Do you want to be tracked? Is this a way to track your activity – first, in the name of your carbon footprint; then, how about what you eat, where you go, what you do?

If you are interested, you can find further information on this Doconomy/Mastercard here: https://doconomy.com/doconomy-mastercard-global-standard-carbon-calculator/

You work hard for your money, make sure it stays your money!

Thanks for reading. I hope you found this helpful. QCBN

By Steven Calabrese

Steven Calabrese, CPA, is the CFO of Polara Health. He also is the owner/operator of a website known as thebiweeklyadvisor.com, where topics such as budgeting, investing, paying off debt and goal setting are discussed.